In this article, we are going to discuss the 11 best performing energy stocks so far in 2025.
The United States of America is currently producing more oil and gas than any other country ever. The country’s oil production has surged by almost 50% in the last ten years, reaching just over 13.45 million barrels per day in October 2024.
READ ALSO: 10 Best Liquefied Natural Gas (LNG) Stocks to Buy in 2025
That said, President Donald Trump’s tariffs on Canada and Mexico, due to take effect on Tuesday, will have serious consequences on the American economy which is highly dependent on imports of crude oil. Canada is the source of about 20% of oil used by Americans, while Canada and Mexico together account for 70% of US crude imports, so the upcoming tariffs could significantly raise gas prices for American consumers. Moreover, oil refiners in the Midwest depend heavily on Canadian crude and the said tariffs will force them to pay either more for their feedstock, or slash production, further squeezing an industry that already had a tough time last year.
President Trump wants to make America self-sufficient and independent when it comes to energy, but no matter how much oil the United States pumps, its refineries are configured to run heavier grades, such as those coming in from Mexico and Canada. Converting those refineries to process American light oil will require significant time and investments, making it an unlikely scenario.
The President has made repeated calls to American oil producers to ramp up their production, but it doesn’t seem to be going as planned, as companies appear reluctant to shell out the big bucks at a time when the global crude prices are in decline. The US Energy Information Administration stated in January that it expects Brent crude oil prices to fall 8% to average $74 a barrel in 2025, then fall further to $66 a barrel in 2026.
Things are looking much better for the country’s natural gas industry though, which has witnessed a surge in demand due to a sharp uptick in LNG exports, coupled with the ongoing AI data center boom. According to energy data provider Enverus, a total of 80 new gas power plants could be constructed in America by 2030, adding about 46 GW of new capacity – 20% higher than the gas capacity additions in the last five years. Moreover, growth is also expected to come from new LNG export facilities coming online soon, like Plaquemines LNG and Corpus Christi Stage 3, while the Golden Pass LNG project is also anticipated to begin operations by mid-2026. Having said that, Donald Trump has recently vowed to slap the EU with tariffs of 25%, and since the bloc remains the top destination for American LNG, the future of this industry isn’t clear either anymore.
The energy sector has outperformed the broader market so far this year, with gains of 1.31% against the general market’s surge of 0.41%. This comes after a disappointing 2024 when the energy sector lagged significantly behind gains of 25% by the wider market.
With that said, here are the Best Performing Energy Stocks So Far this Year.
A rig pumping oil in the midst of a sun-baked desert.
Methodology
To collect data for this article, we have referred to several stock screeners to find energy stocks that have surged the most YTD as of the close of February 28, 2025. The stocks are ranked according to their YTD gains. Following are the Best Performing Energy Stocks this Year So Far.
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11. Ecopetrol S.A. (NYSE:EC)
YTD Share Price Gains as of Feb. 28: 20.19%
Ecopetrol S.A. (NYSE:EC) is Colombia’s majority state-owned integrated energy company that operates through four segments: Exploration and Production; Transport and Logistics; Refining, Petrochemical and Biofuels; and Electric Power Transmission and Toll Roads Concessions.
Ecopetrol S.A. (NYSE:EC) increased its total production to 754,400 barrels of oil equivalent per day (boed) in Q3 2024, up 1.8% YoY. The company’s operations in the Permian basin have boosted its production significantly. In the first nine months of 2024, Ecopetrol’s oil and gas output in the Permian surged by 61.7% to 95,200 boed, even as the company’s production declined elsewhere. However, the company’s Q3 net profit fell by 28% YoY to $826.95 million, primarily due to a decrease in the value of the Colombian peso and weaker oil prices.
Ecopetrol S.A. (NYSE:EC) announced last month that it has reached an agreement to renew its oil joint venture with Occidental Petroleum in the Permian basin, allowing it to produce close to 90,000 boed. The company announced that after this agreement, it could be drilling about 91 development wells in the region, with an investment that exceeds $880 million.
In a significant development, Citi upgraded Ecopetrol S.A. (NYSE:EC) to Buy from Neutral last month, with a price target of $14, up from $9.
10. Texas Pacific Land Corporation (NYSE:TPL)
YTD Share Price Gains as of Feb. 28: 21%
Texas Pacific Land Corporation (NYSE:TPL), one of the largest landowners in Texas, owns and manages about 868,000 acres in the Permian Basin – the top oilfield in the US. The company generates most of its revenue through oil and gas royalties, and it’s also involved in water services and land leases.
Texas Pacific Land Corporation (NYSE:TPL) had a strong 2024, reporting a net income of almost $454 million for the full year, up 11.9% YoY. The company achieved record oil and gas production of approximately 26,800 barrels of oil equivalent per day (boed) and acquired over $400 million of high-quality Permian mineral, royalty, water and surface assets, providing it with additional growth levers and future cash flow sources. TPL generated free cash flow of $461.1 million in 2024 and returned $376 million to its shareholders in the form of dividends and share buybacks. The company announced a regular dividend of $1.60 per share this month, representing a YoY increase of 37%.
Texas Pacific Land Corporation (NYSE:TPL) hit the big leagues when it joined the broader market index in November 2024, replacing Marathon Oil. Shares of TPL surged by around 175% last year and continue to build on that momentum also in 2025.
Wedgewood Partners stated the following regarding Texas Pacific Land Corporation (NYSE:TPL) in its Q4 2024 investor letter:
“Texas Pacific Land Corporation (NYSE:TPL) was a top contributor to performance during both the quarter and the year. Texas Pacific Land continues to be an extraordinarily unique and profitable business. The Company owns over 800,000 surface acres of land in the Texas Permian Basin. The vast majority of this land was acquired in the year 1888 and more recently (i.e. the last 15 years) this land became highly productive oil and gas royalty acreage thanks to modern drilling and completion techniques and technologies. Despite all of these deserved accolades, we liquidated our positions after the stock rallied quite sharply upon being consecutively added to two major stock indexes over the past seven months. The earnings power of the Company has not substantially changed over the past seven months (for better or worse). However, passive indexes and the traders and managers that closely follow and benchmark against those indexes effectively tripled their appraisal of the Company’s corporate value, while that value never changed. We will continue to monitor Texas Pacific Land from the sidelines and would hope to invest in them again, perhaps after the market’s “animal spirits” subside.”
9. Cheniere Energy Partners, L.P. (NYSE:CQP)
YTD Share Price Gains as of Feb. 28: 21.67%
Cheniere Energy Partners, L.P. (NYSE:CQP) provides clean, secure, and affordable LNG to integrated energy companies, utilities and energy trading companies around the world. The company owns the Sabine Pass LNG terminal in Louisiana, with a total production capacity of approximately 30 million tons per annum (mtpa) of LNG. As of October 25, 2024, approximately 2,700 cumulative LNG cargoes totaling over 185 million tons of LNG had been produced, loaded, and exported from the SPL Project.
Cheniere Energy Partners, L.P. (NYSE:CQP) reported a revenue of $2.1 billion in Q3 2024, with a net income of $635 million. The company ended the quarter with approximately $2.2 billion in liquidity, including cash and cash equivalents of around $331 million. CQP also declared a quarterly dividend of $0.82 per share, comprising a base amount of $0.775 and a variable amount equal to $0.045.
Cheniere Energy Partners, L.P. (NYSE:CQP) exported 1,166 TBtu of LNG in the first nine months of 2024, up 4% YoY. The company’s LNG export business is set to benefit significantly after President Trump lifted the moratorium on new US licenses to export liquefied natural gas, making good on a campaign pledge to rescind the measure.
Cheniere Energy Partners, L.P. (NYSE:CQP) was also included in our list of the 15 Oil and Gas Stocks that are Skyrocketing So Far in 2025.
8. Genesis Energy, L.P. (NYSE:GEL)
YTD Share Price Gains as of Feb. 28: 21.71%
Genesis Energy, L.P. (NYSE:GEL) provides an integrated suite of midstream services in the crude oil and natural gas industries in the United States. The company is also a leading producer of low-cost and low-emission soda ash, essential for solar and lithium industries.
Genesis Energy, L.P. (NYSE:GEL) had a tough Q4 2024, reporting a net loss of $49.4 million, against a net income of $12 million for the same period of 2023. The company generated an operating cash flow of $74 million, down from $124.8 million a year earlier, and declared cash distributions on preferred units amounting to $21.9 million.
Genesis Energy, L.P. (NYSE:GEL) is working on some major expansion projects, particularly in the offshore pipeline and soda ash production segments, which should start generating positive cash flow later in 2025. Significant investments in the Shenandoah and Salamanca platforms (which are nearing completion) have positioned the company to deliver upwards of 20+% sequential growth in its offshore pipeline transportation segment this year. Moreover, GEL’s Granger soda ash facility’s expansion will also enable $80-$100 million of incremental EBITDA annually.
The stock of Genesis Energy, L.P. (NYSE:GEL) was held by 5 hedge funds in the Insider Monkey database at the end of Q4 2024, with Leucadia National holding the largest stake worth $16.69 million.
7. Sable Offshore Corp. (NYSE:SOC)
YTD Share Price Gains as of Feb. 28: 21.86%
Ranked seventh in our list of the Best Performing Energy Stocks So Far This Year is Sable Offshore Corp. (NYSE:SOC), a Houston-based independent upstream company focused on developing the prolific Santa Ynez Unit in federal waters offshore California.
Once owned by ExxonMobil, the Santa Ynez Unit was forced to shut down due to a pipeline leak and regulatory hurdles in 2015. Despite its net asset value being approximately $10 billion, the asset was acquired by Sable Offshore Corp. (NYSE:SOC) for $883 million last year and the company is now nearing the completion of the regulatory requirements necessary to restart production in the first quarter of 2025. Sable aims to ramp up production from the unit to at least 10 million barrels in 2025, which should generate $400 million in annual cash flow for the company, potentially increasing its valuation to $4 billion. Sable’s management has also outlined an aggressive shareholder returns program, including a target quarterly dividend of $1 per share and a potential $2.50 per share upside, as well as the possibility of opportunistic share repurchases with excess cash. The company also aims to maintain a conservative leverage profile by focusing on paying down debt aggressively.
Shares of Sable Offshore Corp. (NYSE:SOC) surged earlier this month after the company received a letter from authorities in Santa Barbara County, approving certain pipeline repair work on the Las Flores Pipeline System.
6. Global Partners LP (NYSE:GLP)
YTD Share Price Gains as of Feb. 28: 22.43%
With operations throughout the United States, Global Partners LP (NYSE:GLP) is a vertically integrated energy distribution company that focuses on gas stations, convenience stores, and LNG terminals.
Global Partners LP (NYSE:GLP) reported a revenue of $4.19 billion in Q4 2024, down 5% YoY and below market estimates by a significant $1.62 billion, primarily due to a decrease in prices. However, the company’s total volume increased to 1.8 billion gallons during the quarter, up 12.5% YoY. GLP’s EPS during Q4 came in at $0.52, beating analysts’ expectations by $0.28. The company generated a distributable cash flow of $45.7 million during the quarter and raised its quarterly dividend by 1.4% to $0.74 in January, marking the thirteenth consecutive quarterly increase in dividends.
Global Partners LP (NYSE:GLP) is following a rapid expansion strategy and since late 2023, the company has more than doubled its terminal count and capacity, integrating 30 additional terminals and more than doubling its total storage capacity to 22 million barrels. These strategic investments of over $528 million have solidified its role as an essential part of the US energy supply base. Shares of GLP surged to an all-time high of $59.88 last month, underscoring a period of significant growth for the company.
5. Tamboran Resources Corporation (NYSE:TBN)
YTD Share Price Gains as of Feb. 28: 22.5%
Next on our list of the Best Performing Energy Stocks is Tamboran Resources Corporation (NYSE:TBN), a natural gas company focused on developing unconventional gas resources in the Northern Territory of Australia.
Tamboran Resources Corporation (NYSE:TBN) holds approximately 1.9 million net acres of high quality Beetaloo Basin acreage, a significant land holding on par with its leading peers in the US. The company also has its eyes on the ongoing AI boom and has asked the Trump administration to invest $5 billion in a natural gas-powered data center to be used for defense and at operations such as Pine Gap.
Tamboran Resources Corporation (NYSE:TBN) had a productive December quarter as it ‘maintained momentum towards first gas production in the Beetaloo Basin’. TBN, along with its partners, has completed drilling operations for two production wells and commenced stimulation activities in the region, marking important milestones towards first gas production. The wells are planned to supply the proposed Shenandoah South Pilot Project, which is expected to produce 40 million cubic feet of natural gas a day with production expected to start in 2026. Tamboran has also entered into binding agreements with APA Group for the construction and operation of the 23-mile Sturt Plateau Pipeline, crucial for the above-mentioned project. The company has recently secured a committed $23 million line of credit from Macquarie Bank Limited and ended its Q2 2025 (ending December 31, 2024) with a total cash balance of $59.4 million.
Tamboran Resources Corporation (NYSE:TBN) was also included in our list of the Best Long Term ASX Stocks to Buy Now.
4. Centrus Energy Corp. (NYSE:LEU)
YTD Share Price Gains as of Feb. 28: 22.53%
Centrus Energy Corp. (NYSE:LEU) is a trusted supplier of nuclear fuel and services for the nuclear power industry. Shares of the company have surged by over 152% over the last six months amid growing momentum around building additional nuclear power sources in the US. Nuclear provides carbon-free energy, making it the preferred option to meet the surging data-center power demand driven by artificial intelligence.
Centrus Energy Corp. (NYSE:LEU) had a strong Q4 2024, posting a revenue of $151.6 million, up 46.33% and beating market expectations by over $44.9 million. The company’s EPS of $3.2 was also above analysts’ estimates by a significant $1.56. LEU also generated an operating cash flow of $37 million in 2024 and ended the year with an unrestricted cash balance of $671.4 million.
Centrus Energy Corp. (NYSE:LEU) is the only American company with proven enrichment technology, giving it a significant competitive advantage in the current geopolitical landscape. As a result, LEU has secured new government contracts for low-enriched uranium as well as high-assay low-enriched uranium production and deconversion. The company is making significant progress in advancing the country’s uranium enrichment capabilities with a $60 million investment at its Oak Ridge facility.
3. National Fuel Gas Company (NYSE:NFG)
YTD Share Price Gains as of Feb. 28: 22.56%
National Fuel Gas Company (NYSE:NFG) is a diversified energy company that operates an integrated collection of natural gas assets across four business segments – Exploration & Production, Pipeline & Storage, Gathering, and Utility.
National Fuel Gas Company (NYSE:NFG) reported a revenue of $549.48 million in Q1 2025, down almost 4.6% YoY and missing analysts’ estimates by $87.73 million. However, the company’s adjusted EPS of $1.66 was above market expectations. Moreover, it reported a 35% YoY jump in its Pipeline & Storage income primarily due to the settlement of the Supply Corporation rate case, which led to increased rates. NFG also repurchased $34 million of shares during the quarter and is making smooth progress towards the completion of its $200 million share buyback program that it authorized in March 2024.
National Fuel Gas Company (NYSE:NFG) boasts a robust balance sheet and generated a little over $220 million in operating cash flow in Q1 2025. The company currently offers a quarterly dividend of $0.515 per share and has stretched its dividend growth streak to 54 years. NFG is counted among the 10 Best Mid-Cap Dividend Aristocrats to Buy.
Shares of National Fuel Gas Company (NYSE:NFG) were held by 29 hedge funds in the Insider Monkey database at the end of Q4 2024, with GAMCO Investors holding the largest stake valued at over $87.84 million.
2. PermRock Royalty Trust (NYSE:PRT)
YTD Share Price Gains as of Feb. 28: 25.28%
PermRock Royalty Trust (NYSE:PRT) is a statutory trust formed to own a perpetual interest in oil and natural gas producing properties. Founded in 2017, the company’s underlying properties include 22,394 net acres in the Permian Basin.
In February, PermRock Royalty Trust (NYSE:PRT) declared a monthly dividend of $0.04 per share based principally upon production during the month of December 2024. The company recorded underlying sales volumes of 24,965 barrels of oil in December, up from 22,491 barrels in the previous month. As a result, PRT’s oil cash receipts for the month of December 2024 totaled $1.69 million, an increase of $0.17 million from November despite the slight decrease in prices. Meanwhile, its gas volumes decreased 11.1% MoM to 25,214 Mcf, but still managed to report increased cash receipts due to a rise in prices. The company also reported decreased operating and capital expenses during the month.
1. Innovex International, Inc. (NYSE:INVX)
YTD Share Price Gains as of Feb. 28: 26.54%
Topping our list of the Best Performing Energy Stocks is Innovex International, Inc. (NYSE:INVX), a Houston-based company established in 2024 following the merger of Dril-Quip and Innovex Downhole Solutions.
Innovex International, Inc. (NYSE:INVX) had a strong Q4 2024, increasing its revenue by 65% QoQ to $251 million. The company also reported a net income of $32 million and an operating cash flow of $36 million during the quarter, allowing it to authorize a $100 million share buyback program. Key strategic moves during the quarter also included the acquisition of Downhole Well Solutions and SCF Machining Corp, aimed at further increasing margins and supply chain flexibility. Moreover, INVX has announced the intended divestiture of Dril-Quip’s 128-acre Eldridge facility, an important step to improve margins, efficiency, and returns on invested capital.
Innovex International, Inc. (NYSE:INVX) achieved its merger cost synergy target of $30 million in only five months after closing the merger and continues to focus on organic growth and expanding its market presence through strategic partnerships. Just last month, INVX announced the signing of a strategic frame agreement with SLB OneSubsea for the supply of subsea wellhead systems.
Overall, Innovex International, Inc. (NYSE:INVX) ranks first on our list of the best performing energy stocks so far in 2025. While we acknowledge the potential for INVX to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than INVX but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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