Energy companies with the highest profit margin

Net margin is net income divided by revenue. Only companies with at least $1 billion in revenue are ranked here: a small company can post an extreme margin that tells you nothing. Figures are for fiscal year 2025 and are read directly from each company's SEC filings; the source column on every row links to the document.

Ranks 1–73 of 73 · Fiscal year 2025 · Data as of September 25, 2026

Only companies with at least $1bn in revenue are ranked.

Valaris (VAL) tops the list with 41.3% in net margin for fiscal 2025, ahead of MPLX (38.1%) and Gulfport Energy (30.1%). Across the top 10, net margin ranges from 41.3% down to 21.8%. 73 companies in Energy report net margin, 5.1% of the 1438-filer universe. The last place on the list, Permian Resources, comes in at 0.0%.

Net margin
#CompanyNet marginYoY15-year trend
1ValarisVALBM41.3%+12.7%
2MPLXMPLXUS38.1%+4.3%
3Gulfport EnergyGPORUS30.1%+57.3 pp
4CNX ResourcesCNXUS28.3%+35.4 pp
5Canadian Natural ResourcesCNQCA27.9%+63.0%
6Magnolia Oil & GasMGYUS24.8%−10.9%
7EqtEQTUS23.6%+439.5%
8Eog ResourcesEOGUS22.0%−18.6%
9South BowSOBOCA21.8%+46.3%
10Pembina PipelinePBACA21.8%−13.7%
11Hess MidstreamHESMUS21.8%+45.9%
12Range ResourcesRRCUS21.1%+91.7%
13Woodside EnergyWDSAU20.9%−22.8%
14SM EnergySMUS20.5%−28.2%
15Matador ResourcesMTDRUS20.5%−18.7%
16Diversified EnergyDECUS18.6%+32.4 pp
17Comstock ResourcesCRKUS17.8%+36.1 pp
18Delek Logistics PartnersDKLUS17.4%+14.8%
19BKVBKVUS15.7%+29.1 pp
20CactusWHDUS15.4%−6.2%
21Devon EnergyDVNUS15.4%−15.3%
22Expand EnergyEXEUS15.0%+31.9 pp
23Alliance Resource PartnersARLPUS14.2%−3.8%
24OvintivOVVUS13.9%+13.4%
25ConocoPhillipsCOPUS13.6%−19.8%
26Antero ResourcesARUS12.8%+488.8%
27Oceaneering InternationalOIIUS12.7%+129.3%
28ValvolineVVVUS12.3%−5.7%
29Mach Natural ResourcesMNRUS12.2%−36.3%
30EnbridgeENBCA11.5%+12.9%
31Suncor EnergySUCA11.3%+3.1%
32Occidental PetroleumOXYUS11.0%−19.1%
33Diamondback EnergyFANGUS10.3%−69.2%
34California ResourcesCRCUS9.9%−15.9%
35TechnipfmcFTIGB9.7%+4.6%
36SLBSLBUS9.4%−23.1%
37Baker HughesBKRUS9.3%−12.8%
38Nabors IndustriesNBRBM9.0%+15.0 pp
39Weatherford InternationalWFRDUS8.8%−4.5%
40Cenovus EnergyCVECA7.9%+36.6%
41Imperial OilIMOCA6.9%−25.3%
42ShellSHELGB6.7%+18.1%
43NobleNEUS6.6%−55.0%
44TotalenergiesTTEFR6.5%−11.2%
45ChevronCVXUS6.5%−25.4%
46HalliburtonHALUS5.8%−46.9%
47Par PacificPARRUS4.9%+5.4 pp
48EquinorEQNRNO4.7%−44.2%
49Borr DrillingBORRBM4.4%−45.7%
50Warrior Met CoalHCCUS4.4%−73.5%
51Plains All American PipelinePAAUS4.0%+76.1%
52National Energy Services ReunitedNESRUS3.9%−34.1%
53Murphy OilMURUS3.8%−71.5%
54Crescent EnergyCRGYUS3.7%+7.6 pp
55Liberty EnergyLBRTUS3.7%−49.6%
56Phillips 66PSXUS3.3%+124.9%
57EniEIT3.2%+7.4%
58Marathon PetroleumMPCUS3.0%+22.9%
59SasolSSLZA2.7%+18.8 pp
60Hornbeck Offshore ServicesHOSUS2.4%−41.7%
61HF SinclairDINOUS2.2%+247.9%
62SunocoSUNUS2.1%−45.2%
63RPCRESUS2.0%−69.5%
64Valero EnergyVLOUS1.9%−10.3%
65NovNOVUS1.7%−76.8%
66Northern Oil & GasNOGUS1.6%−93.3%
67Select Water SolutionsWTTRUS1.5%−28.5%
68Chord EnergyCHRDUS0.9%−94.4%
69CVR EnergyCVIUS0.4%+309.8%
70Precision DrillingPDSCA0.1%−98.3%
71Propetro HoldingPUMPUS0.1%+9.6 pp
72BPBPGB0.0%−85.4%
73Permian ResourcesPRUS0.0%−13.2%

All figures from SEC filings · FY2025 · 73

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@misc{companiesranked-en-energy-companies-with-the-highest-profit-margin-2026,
  author       = {{CompaniesRanked}},
  title        = {{Energy companies with the highest profit margin}},
  year         = {2026},
  howpublished = {\url{https://companiesranked.com/en/energy-companies-with-the-highest-profit-margin}},
  note         = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
  urldate      = {2026-09-25}
}

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