Energy - Quarterly Net Income Analysis

Last updated 2024-11-05 03:44:24 (EST)

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	-19.9%
YoY Growth Rate of Net Income	-22%

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 0.63

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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
BP	BP p.l.c.	Turn Losses into Profits	-95.8%
CCJ	Cameco Corporation	Turn Losses into Profits	163%
WDS	Woodside Energy Group Ltd	Turn Losses into Profits	18.1%
APA	APA Corporation	287%	42%
EQNR	Equinor ASA	271.3%	-8.6%
RRC	Range Resources Corporation	229.4%	2.5%
VNOM	Viper Energy Partners LP	199.2%	193.4%
OVV	Ovintiv Inc.	186.8%	1.2%
ENB	Enbridge Inc.	150.7%	135.6%
ENPH	Enphase Energy, Inc.	124.6%	-59.8%
PAA	Plains All American Pipeline, L.P.	108.4%	10.1%
MRO	Marathon Oil Corporation	102.4%	21.6%
SUN	Sunoco LP	99.1%	589.4%
YPF	YPF Sociedad Anónima	76.5%	-99.3%
FTI	TechnipFMC plc	68.9%	205.1%
CQP	Cheniere Energy Partners, L.P.	61.4%	-19.7%
CTRA	Coterra Energy Inc.	48.9%	-22%
E	Eni S.p.A.	45.6%	124.8%
HESM	Hess Midstream LP	32.1%	66%
SHEL	Shell plc	31.8%	-39.1%
ET	Energy Transfer LP	31.1%	44.2%
LNG	Cheniere Energy, Inc.	30.4%	-47.5%
OXY	Occidental Petroleum Corporation	25.5%	35.1%
PBA	Pembina Pipeline Corporation	25.1%	29.8%
CNQ	Canadian Natural Resources Limited	24.4%	17.2%
AM	Antero Midstream Corporation	21.9%	2%
TPL	Texas Pacific Land Corporation	19%	14.1%
PXD	Pioneer Natural Resources Company	16.6%	-10.3%
IMO	Imperial Oil Limited	11.7%	67.9%
EOG	EOG Resources, Inc.	4.3%	8.8%
WFRD	Weatherford International plc	3.4%	27.6%
COP	ConocoPhillips	2.4%	-26.4%
CHRD	Chord Energy Corporation	-0.1%	-1.3%
EPD	Enterprise Products Partners L.P.	-5.2%	7.5%
KMI	Kinder Morgan, Inc.	-6.9%	17.5%
MTDR	Matador Resources Company	-7.2%	-5.9%
FANG	Diamondback Energy, Inc.	-7.3%	-28%
PR	Permian Resources Corporation	-7.4%	220.3%
MMP	Magellan Midstream Partners, L.P.	-7.9%	31.3%
NXT	Nextracker Inc.	-11%	194%
EP-PC	El Paso Energy Capital Trust I PFD CV TR SECS	-11.1%	4.7%
SU	Suncor Energy Inc.	-11.5%	-16.6%
NOV	NOV Inc.	-12%	14%
MPLX	MPLX LP	-13.3%	26%
HAL	Halliburton Company	-14.5%	16.2%
ENLC	EnLink Midstream, LLC	-15.6%	-29.8%
DTM	DT Midstream, Inc.	-16.8%	-
DVN	Devon Energy Corporation	-18.5%	22.3%
XOM	Exxon Mobil Corporation	-19.3%	-
SLB	Schlumberger Limited	-20.7%	5.6%
TS	Tenaris S.A.	-22.7%	-70.2%
OKE	ONEOK, Inc.	-24.8%	52.6%
WMB	The Williams Companies, Inc.	-25.8%	-12.8%
TRP	TC Energy Corporation	-30%	262.6%
COG	Cabot Oil & Gas Corporation	-32.5%	0.3%
CVX	Chevron Corporation	-34%	-30.2%
EC	Ecopetrol S.A.	-35.8%	-17.4%
TRGP	Targa Resources Corp.	-41.3%	-9.4%
TTE	TotalEnergies SE	-42.9%	-65.6%
VLO	Valero Energy Corporation	-46.4%	-86.1%
WES	Western Midstream Partners, LP	-47.6%	49.7%
HES	Hess Corporation	-58%	-1.2%
BKR	Baker Hughes Company	-59.2%	47.9%
ENBA	Enbridge Inc. 6.375 SNT18 B 78	-59.9%	-36.4%
DCP	DCP Midstream, LP	-60.6%	-75.5%
FSLR	First Solar, Inc.	-62.5%	16.6%
CVE	Cenovus Energy Inc.	-66.1%	15.5%
PDCE	PDC Energy, Inc.	-68.2%	-56.4%
PSX	Phillips 66	-73.9%	-83.5%
MPC	Marathon Petroleum Corporation	-76.7%	-31.9%
CHK	Chesapeake Energy Corporation	-100%	-100%
DINO	HF Sinclair Corporation	-100%	-100%
EQT	EQT Corporation	-100%	-100%
HFC	HF Sinclair Corporation	-100%	-100%
PBR	Petróleo Brasileiro S.A. - Petrobras	-100%	-100%
PBR-A	Petróleo Brasileiro S.A. - Petrobras	-100%	-100%
AR	Antero Resources Corporation	-	-100%
EXE	Expand Energy Corporation	-	-100%
SWN	Southwestern Energy Company	-	-100%
TELZ	Tellurian Inc. 8.25% Senior Not	-	-
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.