Energy - Quarterly Revenue Analysis

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

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	4%
YoY Growth Rate of Revenue	6.4%

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 0.68

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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
APA	APA Corporation	32.5%	41.6%
TPL	Texas Pacific Land Corporation	25.1%	7.3%
PBA	Pembina Pipeline Corporation	24.5%	-11.8%
CHRD	Chord Energy Corporation	24.5%	38.2%
BKR	Baker Hughes Company	23.8%	13%
FSLR	First Solar, Inc.	20.9%	24.6%
CPG	Crescent Point Energy Corp.	20.6%	26.4%
OXY	Occidental Petroleum Corporation	16.2%	2.6%
ENB	Enbridge Inc.	15.4%	8.8%
MTDR	Matador Resources Company	14.7%	34%
DVN	Devon Energy Corporation	13.4%	11.2%
PAA	Plains All American Pipeline, L.P.	13.2%	11.9%
CTRA	Coterra Energy Inc.	13.1%	9.6%
FANG	Diamondback Energy, Inc.	11.7%	31%
EQNR	Equinor ASA	11.2%	11.3%
ENPH	Enphase Energy, Inc.	10.3%	-57.3%
ETRN	Equitrans Midstream Corporation	9.7%	13.5%
CNQ	Canadian Natural Resources Limited	9.7%	2.3%
MPLX	MPLX LP	9.5%	9.4%
COP	ConocoPhillips	8.4%	10%
MRO	Marathon Oil Corporation	8.3%	12.3%
VNOM	Viper Energy Partners LP	8.1%	34.2%
MMP	Magellan Midstream Partners, L.P.	7.8%	11.2%
OVV	Ovintiv Inc.	7.4%	-12%
XOM	Exxon Mobil Corporation	6.5%	5.6%
NXT	Nextracker Inc.	6%	50.1%
MPC	Marathon Petroleum Corporation	5.9%	3.8%
FTI	TechnipFMC plc	5.9%	17.7%
HESM	Hess Midstream LP	5.4%	12.8%
WFRD	Weatherford International plc	5.3%	10.3%
CVE	Cenovus Energy Inc.	5.1%	15.7%
OKE	ONEOK, Inc.	4.8%	31.1%
PDCE	PDC Energy, Inc.	4.3%	-29.6%
YPF	YPF Sociedad Anónima	3.8%	-99.5%
IMO	Imperial Oil Limited	3.8%	7.4%
VVV	Valvoline Inc.	3.8%	12%
E	Eni S.p.A.	3.3%	10.8%
SLB	Schlumberger Limited	3.1%	12.9%
EC	Ecopetrol S.A.	2.5%	-5.4%
CVX	Chevron Corporation	2.3%	5.2%
KMI	Kinder Morgan, Inc.	2.2%	2.7%
SHEL	Shell plc	1.8%	-2.2%
PXD	Pioneer Natural Resources Company	1.8%	6.7%
AR	Antero Resources Corporation	1.7%	10.1%
EOG	EOG Resources, Inc.	1.7%	10.8%
EP-PC	El Paso Energy Capital Trust I PFD CV TR SECS	1.6%	2%
PR	Permian Resources Corporation	1.6%	99.9%
HAL	Halliburton Company	1.5%	0.6%
NOV	NOV Inc.	1.5%	5.9%
ENBA	Enbridge Inc. 6.375 SNT18 B 78	1.5%	-14.9%
NE	Noble Corporation	1.3%	8.5%
VLO	Valero Energy Corporation	1.3%	-0.1%
MUR	Murphy Oil Corporation	1.1%	-1.5%
WES	Western Midstream Partners, LP	0.2%	22.7%
TS	Tenaris S.A.	-0.5%	-18.5%
PBR	Petróleo Brasileiro S.A. - Petrobras	-0.6%	2.1%
PBR-A	Petróleo Brasileiro S.A. - Petrobras	-0.6%	2.1%
DINO	HF Sinclair Corporation	-1%	0.2%
DTM	DT Midstream, Inc.	-1.3%	8.9%
SUN	Sunoco LP	-1.7%	7.5%
TTE	TotalEnergies SE	-2.4%	-4.6%
ET	Energy Transfer LP	-2.6%	13.1%
SU	Suncor Energy Inc.	-3.5%	10%
CHX	ChampionX Corporation	-3.6%	-3.6%
PSX	Phillips 66	-3.7%	8.6%
WDS	Woodside Energy Group Ltd	-3.8%	3.1%
TRP	TC Energy Corporation	-4.5%	2.2%
HES	Hess Corporation	-4.6%	39.9%
CIVI	Civitas Resources, Inc.	-5.1%	98.7%
EPD	Enterprise Products Partners L.P.	-5.4%	25.7%
RRC	Range Resources Corporation	-6.2%	-
ENLC	EnLink Midstream, LLC	-6.9%	1.4%
WMB	The Williams Companies, Inc.	-6.9%	-0.7%
SWN	Southwestern Energy Company	-10.8%	-14.7%
BP	BP p.l.c.	-11.3%	-2.6%
CQP	Cheniere Energy Partners, L.P.	-11.5%	-2%
LNG	Cheniere Energy, Inc.	-11.6%	-20.7%
EQT	EQT Corporation	-12.2%	4.3%
CCJ	Cameco Corporation	-14.4%	24.2%
TRGP	Targa Resources Corp.	-14.7%	6.3%
AM	Antero Midstream Corporation	-15.8%	4.2%
COG	Cabot Oil & Gas Corporation	-17.5%	-2.3%
NFG	National Fuel Gas Company	-17.6%	-20.2%
DCP	DCP Midstream, LP	-25%	-56.9%
CHK	Chesapeake Energy Corporation	-42.1%	-63.8%
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.