Energy - Quarterly Revenue Analysis

Last updated 2024-11-04 19:38:13 (EST)

Quarterly Revenue Trend Analysis

Overall Quarterly Revenue Growth Trend of Energy Sector Companies.

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

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Seasonally Adjusted Quarterly Revenue Growth Rate


QoQ Growth Rate of Revenue	2.2%
YoY Growth Rate of Revenue	-2.5%

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 revenue 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 Seasonally Adjusted Quarterly Revenue vs. Stock Price for Energy Sector

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

The Coefficient of Determination
between Seasonally Adjusted Quarterly Revenue and Stock Price

Moderately Correlation 0.67

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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
ENB	Enbridge Inc.	36.2%	51.2%
APA	APA Corporation	35.7%	41.6%
CHRD	Chord Energy Corporation	33.4%	38.2%
PBA	Pembina Pipeline Corporation	26%	-11.8%
EQT	EQT Corporation	24.8%	20.7%
ENPH	Enphase Energy, Inc.	19%	-30.9%
LNG	Cheniere Energy, Inc.	17.6%	-9.5%
DVN	Devon Energy Corporation	16.4%	11.2%
PAA	Plains All American Pipeline, L.P.	16.2%	11.9%
TPL	Texas Pacific Land Corporation	15.7%	7.3%
OXY	Occidental Petroleum Corporation	15.6%	2.6%
CNQ	Canadian Natural Resources Limited	12%	2.3%
MRO	Marathon Oil Corporation	10.6%	12.3%
MPLX	MPLX LP	10.2%	9.4%
CQP	Cheniere Energy Partners, L.P.	10.1%	-3.4%
OVV	Ovintiv Inc.	10.1%	-12%
MMP	Magellan Midstream Partners, L.P.	8.8%	11.2%
MPC	Marathon Petroleum Corporation	7.3%	3.8%
PDCE	PDC Energy, Inc.	7.1%	-29.6%
CVE	Cenovus Energy Inc.	7%	15.7%
EXE	Expand Energy Corporation	6.3%	-60.3%
IMO	Imperial Oil Limited	5.4%	7.4%
FANG	Diamondback Energy, Inc.	5.1%	13%
CTRA	Coterra Energy Inc.	4.1%	0.2%
SUN	Sunoco LP	4.1%	7.5%
EOG	EOG Resources, Inc.	4.1%	10.8%
YPF	YPF Sociedad Anónima	4.1%	-99.5%
BP	BP p.l.c.	3.9%	-11.3%
CVX	Chevron Corporation	3.7%	4.3%
EC	Ecopetrol S.A.	3.7%	-5.4%
E	Eni S.p.A.	3.6%	10.8%
RRC	Range Resources Corporation	2.3%	-0.6%
HESM	Hess Midstream LP	2.3%	4.8%
HAL	Halliburton Company	1.7%	0.6%
PR	Permian Resources Corporation	1.6%	99.9%
ENBA	Enbridge Inc. 6.375 SNT18 B 78	1.5%	-14.9%
PBR	Petróleo Brasileiro S.A. - Petrobras	0.4%	2.1%
PBR-A	Petróleo Brasileiro S.A. - Petrobras	0.4%	2.1%
WES	Western Midstream Partners, LP	-0.3%	22.7%
TS	Tenaris S.A.	-0.5%	-18.5%
EPD	Enterprise Products Partners L.P.	-0.7%	14.8%
ET	Energy Transfer LP	-0.9%	13.1%
PXD	Pioneer Natural Resources Company	-1.1%	6.7%
DTM	DT Midstream, Inc.	-1.4%	6%
NOV	NOV Inc.	-1.9%	0.3%
SU	Suncor Energy Inc.	-2.2%	10%
FTI	TechnipFMC plc	-2.4%	14.2%
XOM	Exxon Mobil Corporation	-2.5%	-0.6%
SLB	Schlumberger Limited	-2.6%	10.2%
KMI	Kinder Morgan, Inc.	-3%	-5.3%
AM	Antero Midstream Corporation	-3.1%	2.1%
WFRD	Weatherford International plc	-3.1%	7.3%
OKE	ONEOK, Inc.	-3.4%	19.9%
HES	Hess Corporation	-3.5%	17.2%
WDS	Woodside Energy Group Ltd	-3.7%	3.2%
AR	Antero Resources Corporation	-4.1%	-0.6%
SHEL	Shell plc	-5.6%	-6.9%
TTE	TotalEnergies SE	-5.7%	-12.8%
TRP	TC Energy Corporation	-5.7%	2.2%
WMB	The Williams Companies, Inc.	-5.9%	-0.7%
ENLC	EnLink Midstream, LLC	-6%	1.4%
VLO	Valero Energy Corporation	-6%	-14.4%
EQNR	Equinor ASA	-6%	-2%
COP	ConocoPhillips	-6.9%	-4.5%
PSX	Phillips 66	-10.2%	-10.4%
DINO	HF Sinclair Corporation	-10.7%	-19.1%
HFC	HF Sinclair Corporation	-10.7%	-19.1%
BKR	Baker Hughes Company	-11.1%	4%
SWN	Southwestern Energy Company	-11.3%	-14.7%
MTDR	Matador Resources Company	-11.7%	15.8%
TRGP	Targa Resources Corp.	-13.8%	6.3%
NXT	Nextracker Inc.	-14.2%	10.9%
CCJ	Cameco Corporation	-15.2%	24.2%
EP-PC	El Paso Energy Capital Trust I PFD CV TR SECS	-16.1%	-5.3%
COG	Cabot Oil & Gas Corporation	-16.8%	-2.3%
DCP	DCP Midstream, LP	-23.9%	-56.9%
FSLR	First Solar, Inc.	-26.8%	10.8%
CHK	Chesapeake Energy Corporation	-40.1%	-63.8%
TELZ	Tellurian Inc. 8.25% Senior Not	-100%	-100%
VNOM	Viper Energy Partners LP	-100%	-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.