Energy - Quarterly Net Income Analysis

Last updated 2024-09-19 04:44:38 (EDT)

Quarterly Net Income Trend Analysis

Overall Quarterly Net Income Growth Trend of Energy Sector Companies.

Trend Chart of Adjusted Quarterly Net Income vs. Stock Price Trend Chart for Energy Sector ETF (XLE)

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Seasonally Adjusted Quarterly Net Income Growth Rate


QoQ Growth Rate of Net Income	6.6%
YoY Growth Rate of Net Income	4.1%

Correlation Analysis between Quarterly Revenue and Stock Price

Determine the correlation between the stock price of the Energy Sector ETF (XLE) and the seasonally adjusted overall quarterly net income of Energy sector companies. If there is a moderate to high correlation, the overall seasonally adjusted quarterly revenue can be used to estimate whether the stock price is reasonable.

Scatter Plot of Energy Seasonally Adjusted Quarterly Net Income vs. Stock Price for Energy Sector

Energy Seasonally Adjusted Quarterly Net Income and stock price of Energy Sector show a Moderately Correlation. The higher the correlation, the greater the reference value.

The Coefficient of Determination
between Energy Seasonally Adjusted Quarterly Net Income and Stock Price

Moderately Correlation 0.65

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Related Stocks

Related Energy sector stocks, along with their quarterly revenue growth rates (QoQ and YoY).

Ticker	Name	QoQ Growth Rate of Seasonally Adjusted Quarterly Revenue	YoY Growth Rate of Seasonally Adjusted Quarterly Revenue
CCJ	Cameco Corporation	Turn Losses into Profits	163%
ENPH	Enphase Energy, Inc.	Turn Losses into Profits	-93.1%
WDS	Woodside Energy Group Ltd	Turn Losses into Profits	18.1%
BKR	Baker Hughes Company	1407.1%	41.2%
LNG	Cheniere Energy, Inc.	702.6%	-35.7%
APA	APA Corporation	287.8%	42%
NE	Noble Corporation	162.7%	196.3%
OVV	Ovintiv Inc.	155%	1.2%
PAA	Plains All American Pipeline, L.P.	103%	10.1%
SUN	Sunoco LP	93.8%	589.4%
VNOM	Viper Energy Partners LP	87.7%	86.3%
MRO	Marathon Oil Corporation	79.9%	21.6%
FSLR	First Solar, Inc.	76.4%	104.8%
YPF	YPF Sociedad Anónima	76.1%	-99.3%
MTDR	Matador Resources Company	56.4%	38.9%
CTRA	Coterra Energy Inc.	55.8%	5.3%
E	Eni S.p.A.	54.6%	124.8%
HESM	Hess Midstream LP	52.2%	97.2%
VVV	Valvoline Inc.	49.1%	-25.5%
HES	Hess Corporation	42.6%	536.1%
MUR	Murphy Oil Corporation	41.8%	30%
SLB	Schlumberger Limited	41.7%	7.6%
OKE	ONEOK, Inc.	32.6%	66.7%
ET	Energy Transfer LP	31.4%	44.2%
PXD	Pioneer Natural Resources Company	31.1%	-10.3%
PBA	Pembina Pipeline Corporation	30.3%	29.8%
TPL	Texas Pacific Land Corporation	28.7%	14.1%
KMI	Kinder Morgan, Inc.	28.1%	-1.9%
CQP	Cheniere Energy Partners, L.P.	23.9%	-8.4%
CVX	Chevron Corporation	18.2%	-26.2%
IMO	Imperial Oil Limited	14.9%	67.9%
EP-PC	El Paso Energy Capital Trust I PFD CV TR SECS	14.6%	-39.2%
EPD	Enterprise Products Partners L.P.	13.3%	12.1%
COP	ConocoPhillips	12.1%	4.3%
OXY	Occidental Petroleum Corporation	11.5%	35.1%
CNQ	Canadian Natural Resources Limited	10.6%	17.2%
ENB	Enbridge Inc.	5.8%	0.4%
XOM	Exxon Mobil Corporation	5.6%	17.3%
ENLC	EnLink Midstream, LLC	4.1%	-29.8%
WFRD	Weatherford International plc	2.4%	52.4%
DTM	DT Midstream, Inc.	-2.2%	5.5%
FTI	TechnipFMC plc	-6.5%	Turn Loss into Profit
EOG	EOG Resources, Inc.	-7.3%	8.8%
PR	Permian Resources Corporation	-7.4%	220.3%
MPLX	MPLX LP	-8.4%	26%
MMP	Magellan Midstream Partners, L.P.	-8.6%	31.3%
CIVI	Civitas Resources, Inc.	-10.3%	55.1%
FANG	Diamondback Energy, Inc.	-10.9%	50.5%
CHRD	Chord Energy Corporation	-11.2%	-1.3%
NOV	NOV Inc.	-14.7%	45.8%
TS	Tenaris S.A.	-20%	-70.2%
SU	Suncor Energy Inc.	-21.3%	-16.6%
HAL	Halliburton Company	-24%	16.2%
EQNR	Equinor ASA	-24.1%	2%
DVN	Devon Energy Corporation	-27.6%	22.3%
PSX	Phillips 66	-28.1%	-40.2%
TTE	TotalEnergies SE	-28.4%	-7.4%
TRP	TC Energy Corporation	-31.3%	262.6%
COG	Cabot Oil & Gas Corporation	-31.5%	0.3%
WMB	The Williams Companies, Inc.	-32.2%	-12.8%
SHEL	Shell plc	-39.9%	12.2%
EC	Ecopetrol S.A.	-41.2%	-17.4%
AM	Antero Midstream Corporation	-43.2%	-1.1%
TRGP	Targa Resources Corp.	-45.7%	-9.4%
ETRN	Equitrans Midstream Corporation	-47%	-5.2%
RRC	Range Resources Corporation	-47.2%	-5.1%
WES	Western Midstream Partners, LP	-47.3%	49.7%
CHX	ChampionX Corporation	-56.8%	-45.1%
ENBA	Enbridge Inc. 6.375 SNT18 B 78	-59.9%	-36.4%
DCP	DCP Midstream, LP	-60.8%	-75.5%
MPC	Marathon Petroleum Corporation	-63.1%	-31.9%
NXT	Nextracker Inc.	-65.1%	495.7%
EQT	EQT Corporation	-65.2%	Turn Loss into Profit
DINO	HF Sinclair Corporation	-66.1%	-70.1%
PDCE	PDC Energy, Inc.	-67.1%	-56.4%
CVE	Cenovus Energy Inc.	-69.9%	15.5%
VLO	Valero Energy Corporation	-72.2%	-54.7%
AR	Antero Resources Corporation	-100%	-
BP	BP p.l.c.	-100%	-100%
CHK	Chesapeake Energy Corporation	-100%	-100%
CPG	Crescent Point Energy Corp.	-100%	-100%
NFG	National Fuel Gas Company	-100%	-100%
PBR	Petróleo Brasileiro S.A. - Petrobras	-100%	-100%
PBR-A	Petróleo Brasileiro S.A. - Petrobras	-100%	-100%
SWN	Southwestern Energy Company	-	-100%
CEO	CNOOC Limited	-	-

Disclaimer

1. The information provided is for reference only and does not constitute any guarantee of profits or specific stock and price point recommendations.

2. The information is not complete; for comprehensive data, please refer to the relevant websites.

3. All stock market data analyses are subject to survivorship bias.