Top Energy Stocks by UQS Score

346 stocks scored · Last updated May 23, 2026

Energy is the most cyclical major sector, and that cyclicality creates both danger and opportunity. Commodity prices swing, capex cycles overshoot, and debt taken on during booms becomes toxic during busts. The companies that score highest here have learned to generate strong free cash flow even in mid-cycle pricing environments, maintain conservative balance sheets, and return capital to shareholders instead of chasing production growth for its own sake. The post-2020 energy sector has shifted from growth-at-all-costs to capital discipline — and the UQS model rewards that discipline.

Energy Sector Characteristics

The energy sector covers upstream exploration and production, midstream pipelines, downstream refining, integrated oil majors, oilfield services, and increasingly, renewable energy companies. What defines this sector for scoring purposes is commodity exposure: most energy companies' revenue and margins are heavily influenced by oil, natural gas, or power prices that they don't control. This creates volatile quality and growth scores over time — an E&P company might show a 90 quality score when oil is $80 and a 40 when it's $50, even though the underlying business hasn't changed. The risk pillar is especially important for energy because overleveraged companies face existential threats during commodity downturns.

Scoring note: Energy stocks are scored with industrial thresholds (20% ROIC, 25% operating margin). The growth pillar tends to penalize energy companies during commodity downturns — look at the quality and risk scores for a truer picture of the business, since earnings swings driven by oil prices don't reflect operational quality.

Energy Sector Score Overview

63

Avg UQS Score

73

Avg Quality

34

Avg Moat

65

Avg Growth

71

Avg Risk

83

Avg Valuation

Top Energy Stocks: Who Leads and Why

#1FSLRFirst Solar, Inc.77

First Solar, Inc. leads the energy sector with a 77 UQS score, reflecting the highest combination of profitability, balance sheet strength, and valuation in the sector. Its quality score of 83 indicates disciplined capital allocation even in a cyclical business.

#2LPGDorian LPG Ltd.68

Dorian LPG Ltd. scores 68 overall, with notable strength in risk (68) demonstrating a conservative balance sheet that can weather commodity price swings without threatening the dividend.

#3PSD.TOPulse Seismic Inc.67

At 67, Pulse Seismic Inc. ranks third with a standout moat score of 38, suggesting structural competitive advantages — whether from scale, infrastructure assets, or low-cost reserves — that differentiate it from commodity-dependent peers.

#4BSMBlack Stone Minerals, L.P.67

Black Stone Minerals, L.P. scores 67 with balanced pillar performance, indicating an energy company that manages the sector's inherent cyclicality better than most.

#5TGSTransportadora de Gas del Sur S.A.67

Transportadora de Gas del Sur S.A. scores 67 with balanced pillar performance, indicating an energy company that manages the sector's inherent cyclicality better than most.

Full Energy Ranking: Top 25 Stocks

#	Stock	UQS	Q	M	G	R	V
1	FSLRFirst Solar, Inc.	77	83	48	92	96	80
2	LPGDorian LPG Ltd.	68	87	18	91	68	91
3	PSD.TOPulse Seismic Inc.	67	85	38	53	100	71
4	BSMBlack Stone Minerals, L.P.	67	82	58	31	85	87
5	TGSTransportadora de Gas del Sur S.A.	67	60	46	75	73	95
6	NRTNorth European Oil Royalty Trust	65	85	29	69	59	93
7	EXEExpand Energy Corporation	65	72	27	73	73	97
8	GPORGulfport Energy Corporation	65	85	20	72	62	99
9	OMSEOMS Energy Technologies Inc.	64	85	31	27	100	100
10	CQPCheniere Energy Partners, L.P.	63	95	50	50	35	76
11	LBLandBridge Company LLC	62	55	52	85	86	38
12	TOT.TOTotal Energy Services Inc.	61	49	26	78	85	97
13	EOGEOG Resources, Inc.	61	75	29	46	81	91
14	NFGNational Fuel Gas Company	61	64	47	71	47	80
15	LNGCheniere Energy, Inc.	61	74	57	65	24	75
16	TPLTexas Pacific Land Corporation	61	74	41	61	100	31
17	TCW.TOTrican Well Service Ltd.	61	64	25	61	85	89
18	IMPPImperial Petroleum Inc.	60	59	12	63	100	100
19	RRCRange Resources Corporation	60	71	20	73	60	92
20	TOYOTOYO Co., Ltd.	60	74	8	80	64	92
21	TPZ.TOTopaz Energy Corp.	60	63	39	71	72	61
22	FTITechnipFMC plc	60	63	42	66	73	62
23	PBRPetróleo Brasileiro S.A. - Petrobras	59	72	32	58	46	99
24	WESWestern Midstream Partners, LP	59	85	43	55	25	80
25	PXT.TOParex Resources Inc.	59	64	20	56	78	99

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Frequently Asked Questions About Energy Stocks

How does UQS handle commodity price cyclicality in energy scoring?

The UQS model scores energy companies on trailing-twelve-month data, which means scores naturally fluctuate with commodity cycles. During high oil prices, energy companies' quality and growth scores improve; during downturns, they decline. The risk pillar provides the most stable insight because it measures balance sheet health rather than earnings. Investors who understand this cyclicality can use UQS scores strategically — a high-quality energy company with a temporarily depressed growth score during a commodity downturn may represent a buying opportunity.

Are renewable energy companies included in this sector?

Yes, renewable energy companies classified under the Energy GICS sector appear in this ranking. However, some renewable energy companies are categorized as Utilities or Industrials depending on their primary business model, in which case they appear on the Industrials sector page instead. The UQS scoring applies the same energy-sector thresholds to all companies classified as Energy, whether fossil fuel or renewable.

Why do integrated oil majors often score higher than pure-play E&P companies?

Diversification is the key advantage. Integrated majors (like the supermajors) have downstream refining and chemical operations that often profit when upstream oil prices fall — this natural hedge stabilizes earnings across commodity cycles. They also tend to have stronger balance sheets, more consistent free cash flow, and higher moat scores due to their scale advantages. Pure-play E&P companies are more leveraged to commodity prices, which creates more volatile quality and growth scores.