In this article, we are going to discuss the energy stocks that are gaining this week.
President Trump’s aggressive trade policies continued to create more opportunities for the American energy sector, following reports on November 17 that India had inked a deal to acquire almost 10% of its liquefied petroleum gas (LPG) imports from the United States. As per the agreement, New Delhi will import roughly 2.2 million tons of LPG per year from the US Gulf Coast, as part of its efforts to reduce its trade surplus with Washington. Moreover, India’s imports of American crude oil also witnessed a sharp uptick in October and reached their highest level since February 2021.
Moreover, the United States also signed a landmark nuclear cooperation pact with Saudi Arabia last week, potentially paving the way for American companies to build reactors in the kingdom.
In other news, global crude oil prices fell on Friday as investors weighed the Trump administration’s push to secure a peace deal between Russia and Ukraine. According to senior officials, the US-backed agreement to end the long-running conflict is making progress, potentially opening the door for Moscow to export its oil to an international market already facing a significant surplus next year.
Our Methodology
To collect data for this article, we used stock screeners to identify energy stocks that have surged the most between November 14 and November 21, 2025. The following are the Energy Stocks that Gained the Most This Week. The stocks are ranked according to their share price surge during this period.
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10. Permian Resources Corporation (NYSE:PR)
Share Price Gains Between Nov 14 – Nov 21: 2.2%
Permian Resources Corporation (NYSE:PR) is an independent oil and natural gas company focused on the development of crude oil and associated liquids-rich natural gas reserves in the United States.
Permian Resources Corporation (NYSE:PR) received a boost on November 14 when Goldman Sachs analyst Neil Mehta raised the firm’s price target on the stock from $17 to $18, while maintaining a ‘Buy’ rating on the shares. The update follows the impressive Q3 results posted by the company earlier this month, with the company reporting strong free cash flow, driven by production outperforming the guidance, a 6% sequential decrease in controllable cash costs, and an 11% YoY decrease in D&C costs due to incremental operational efficiencies.
Then on November 20, Morgan Stanley also raised its price target on Permian Resources Corporation (NYSE:PR) from $18 to $19, while keeping its ‘Overweight’ rating. The uptick comes as the firm adjusted its price targets for North American energy stocks to account for the updated guidance for FY 2025 and preliminary messaging for 2026. Moreover, Morgan Stanley continues to prefer gas over oil stocks, given current commodity price trends.
9. Innovex International, Inc. (NYSE:INVX)
Share Price Gains Between Nov 14 – Nov 21: 3.44%
Established in 2024 following the merger of Dril-Quip and Innovex Downhole Solutions, Innovex International, Inc. (NYSE:INVX) designs and manufactures offshore drilling and production equipment.
Innovex International, Inc. (NYSE:INVX) continued its rally and surged to a 52-week high after Barclays upgraded the stock from ‘Underweight’ to ‘Equal Weight’, while also raising its price target from $14 to $20. According to the analyst, Innovex has organized its business well and achieved ‘key wins’ since the merger with Dril-Quip in September 2024.
Barclays highlighted the consistent free cash generated by Innovex International, Inc. (NYSE:INVX), with the energy operator reporting an 82% YoY growth in free cash flow in the third quarter. The analyst firm also acknowledged the company’s ‘well-timed’ recent strategic moves pivotal to its growth, including its new manufacturing facility in Saudi Arabia and its positioning as the exclusive wellhead partner for OneSubsea. According to Barclays, Innovex shares are now deserving of a premium valuation multiple.
Following the recent uptick, the share price of Innovex International, Inc. (NYSE:INVX) has jumped by almost 58% since the beginning of 2025.
8. Summit Midstream Corporation (NYSE:SMC)
Share Price Gains Between Nov 14 – Nov 21: 4.67%
Summit Midstream Corporation (NYSE:SMC) focuses on developing, owning, and operating midstream energy infrastructure assets strategically located in unconventional resource basins, primarily shale formations, across the continental United States.
Summit Midstream Corporation (NYSE:SMC) posted its third-quarter results on November 10, with the company reporting a 7.2% sequential growth in adjusted EBITDA to $65.5 million, primarily due to higher natural gas volumes in the Rockies segment. Revenue also surged by 43.5% YoY to almost $147 million.
Summit Midstream Corporation (NYSE:SMC) connected 21 new wells during the quarter, while its Double E Pipeline transported record volumes, indicating robust demand and efficient operations. The company expects to continue on this trajectory, with an aim to add approximately 50 wells in Q4 and more than 120 new wells in the first half of 2026. However, the firm’s management reaffirmed that 2025 results are expected to be towards the low end of the original adjusted EBITDA guidance range, primarily due to delayed well connects.
Heath Deneke, President, CEO, and Chairman of Summit Midstream Corporation (NYSE:SMC), stated in the company’s Q3 earnings call:
“We had a solid third quarter with continued growth across our operating footprint. Adjusted EBITDA increased 7.2% from the prior quarter, representing approximately $260 million of run-rate adjusted EBITDA, driven by higher natural gas volumes in the Rockies region. We continue to see healthy customer activity with five rigs currently running behind our assets. In the Arkoma Basin, one of our key customers began drilling the 20-well program we discussed last quarter, which is expected to drive 5% to 10% volumetric growth next year. In the Rockies, natural gas volumes increased 7.5% quarter-over-quarter, averaging approximately 170 MMcf/d in September, supported by ongoing development from our core customers.
As we discussed in second quarter earnings, we continue to expect to finish the year near the low end of our original adjusted EBITDA guidance range of $245 million to $280 million, primarily due to timing delays of anticipated customer activity, however, we anticipate well connects to come in around the midpoint of our full-year expectations, with 109 wells connected year-to-date and approximately 50 wells expected to be connected in the fourth quarter.”
7. Sunoco LP (NYSE:SUN)
Share Price Gains Between Nov 14 – Nov 21: 5.7%
Sunoco LP (NYSE:SUN) is a leading operator of critical energy infrastructure and the largest independent fuel distributor in North America.
Sunoco LP (NYSE:SUN) received a boost on November 17 when Barclays reinstated coverage of the stock with an ‘Overweight’ rating and a price target of $57. Sunoco completed the acquisition of Parkland Corporation earlier this month, with the deal expected to provide over $250 million in synergies by 2028. According to the analyst, the $8 billion acquisition has significantly expanded Sunoco’s size and scope, positioning it as a leading, geographically diversified liquids company. However, the analyst has warned that the energy firm’s exposure to refining could introduce additional earnings volatility, given the current price trends.
It is worth noting that Sunoco LP (NYSE:SUN)’s revenue and earnings both topped Wall Street estimates in its Q3 results announced on November 5. Moreover, the company remains on track to complete the acquisition of TanQuid in the fourth quarter of 2025.
6. PrimeEnergy Resources Corporation (NASDAQ:PNRG)
Share Price Gains Between Nov 14 – Nov 21: 7.62%
Next on our list of Energy Stocks that Gained This Week is PrimeEnergy Resources Corporation (NASDAQ:PNRG). The company engages in the acquisition, development, and production of oil and natural gas properties in the United States.
PrimeEnergy Resources Corporation (NASDAQ:PNRG) surged after the company announced its Q3 results on November 19, with its net income growing by over 231% QoQ to $10.6 million. Meanwhile, total commodity revenue for the quarter was almost $46 million. PNRG reported production of 505 MBbl of oil, 2.3 Bcf of natural gas, and 362 MBbl of NGLs during the quarter.
PrimeEnergy Resources Corporation (NASDAQ:PNRG) generated a solid operating cash flow of $84.5 million for the first nine months of 2025. The company also reported zero outstanding bank debt and full availability under its $115 million revolving credit facility.
Despite the recent boost, PrimeEnergy Resources Corporation (NASDAQ:PNRG) stock has fallen 27% since the beginning of 2025.
5. UGI Corporation (NYSE:UGI)
Share Price Gains Between Nov 14 – Nov 21: 7.95%
UGI Corporation (NYSE:UGI) is an international distributor and marketer of energy products and services, including natural gas, LPG, electricity, and renewable solutions, with well-developed infrastructure in key markets.
UGI Corporation (NYSE:UGI) jumped to a 2-year high after the company reported impressive results for its FY 2025, posting a record adjusted EPS of $3.32 and beating expectations by $0.14. Meanwhile, net income for the year grew 152% YoY to $678 million, driven by continued improvements in the key AmeriGas segment, solid operational performance in the Utilities segment, and significant tax benefits. That said, UGI’s FY 2025 revenue of around $7.3 billion fell slightly short of expectations by $120 million, despite a slight growth of 1.1%.
UGI Corporation (NYSE:UGI) strengthened its balance sheet by generating $530 million in free cash flow, including cash from asset sales. Moreover, the company raised its long-term growth expectations with a new EPS CAGR target of 5% to 7%, attributing it to ‘intrinsic opportunities and confidence in strategic execution’.
UGI Corporation (NYSE:UGI) also announced a quarterly dividend of $0.375 per share to all shareholders as of the December 15 record date, payable on January 1, 2026.
4. Smart Sand, Inc. (NASDAQ:SND)
Share Price Gains Between Nov 14 – Nov 21: 10.8%
Smart Sand, Inc. (NASDAQ:SND) provides mine-to-wellsite proppant supply and logistics solutions to frac sand customers.
Smart Sand, Inc. (NASDAQ:SND) climbed to a 3-year high after announcing results for its third quarter on November 12, with sales volumes, contribution margin, adjusted EBITDA, and free cash flow all growing from the previous quarter. Net income for the quarter came in at $3 million, against a net loss of $0.1 million in Q3 2024. The impressive performance is attributed to the company’s expansion into new markets and higher sales volumes across North America.
Smart Sand, Inc. (NASDAQ:SND) generated a robust free cash flow of $14.8 million in Q3 and rewarded its shareholders by announcing a special dividend of $0.05 per share on November 18. The dividend is payable on December 16, 2025, to shareholders as of the December 2 record date.
Charles Young, CEO of Smart Sand, Inc. (NASDAQ:SND), stated in the company’s Q3 earnings call:
“Our commitment to opening up new markets for our high quality Northern White sand continued to deliver strong results. In the third quarter, we had record sales volumes into Canada, we continued to broaden our customer base in Industrial Product Solutions and we expanded our presence in the Utica shale through our Ohio terminals. Additionally, we had strong sand sales in our traditional markets of the Marcellus and the Bakken.
Despite continued short term market volatility impacting oil and natural gas prices, we continue to see consistent activity in the primary markets we serve. We believe the long-term fundamentals for natural gas are strong. Smart Sand is well positioned to take advantage of the increasing need for increasing natural gas production to support growing LNG export capacity in both the United States and Canada as well as the continued need for increased electric power to support growing AI demand. We have one of the largest reserve bases of fine mesh Northern White sand in North America supported by one of the most extensive sand logistics networks that can deliver sand efficiently and cost effectively to all shale operating basins in North America.”
3. Empire Petroleum Corporation (NYSEAMERICAN:EP)
Share Price Gains Between Nov 14 – Nov 21: 13.99%
Empire Petroleum Corporation (NYSE:EP) is a conventional oil and natural gas producer with a primary focus on US onshore operations.
Empire Petroleum Corporation (NYSE:EP) bounced back from its 52-week low after announcing its third-quarter results on November 17, with the company reporting an adjusted EBITDA of $137,000, up 112% QoQ and 345% YoY. Empire’s net equivalent sales also increased by 2% sequentially to 2,398 Boe/d, while net loss decreased by 24% QoQ to $3.84 million. Moreover, as of September 30, the company had approximately $4.6 million in cash on hand, up from $2.29 million on June 30.
Mike Morrisett, President and CEO of Empire Petroleum Corporation (NYSE:EP), stated the following in the company’s Q3 earnings call:
“Our third quarter results reflect steady operational execution and focused progress across Empire’s core assets. In North Dakota, recent upgrades and system enhancements have improved reliability and consistency, setting the stage for stable production levels. In Texas, we continue to prepare for the launch of our first drilling program in the area, completing pre-drill activities and advancing readiness across multiple locations. In New Mexico, we’re maintaining production and pursuing incremental improvements to maximize efficiency across our legacy unitized assets. The strong participation in our Rights Offering reflects continued confidence in Empire’s direction, and we’re deeply appreciative of that support as we work to execute on our development plan. With disciplined capital management and a clear operational roadmap, Empire is entering 2026 with momentum, flexibility, and a focused path toward scalable growth.”
Despite recent gains, Empire Petroleum Corporation’s (NYSE:EP) share price has fallen by almost 55% since the beginning of 2025.
2. New Fortress Energy Inc. (NASDAQ:NFE)
Share Price Gains Between Nov 14 – Nov 21: 15.24%
New Fortress Energy Inc. (NASDAQ:NFE) owns and operates natural gas and LNG infrastructure, as well as an integrated fleet of ships and logistics assets, to rapidly deliver turnkey energy solutions to global markets.
After plunging to an all-time low, New Fortress Energy Inc. (NASDAQ:NFE) witnessed a sharp rebound following a Bloomberg report that the company is in talks with its lenders to delay interest payments on some of its loans, giving the financially strained company some much-needed time to restructure its debt.
However, New Fortress Energy Inc. (NASDAQ:NFE) plunged again on November 21 after the company revealed that it may seek bankruptcy protection in the US if it fails to negotiate an out-of-court restructuring with lenders.
New Fortress Energy Inc. (NASDAQ:NFE) was offered a lifeline in September when the company inked a $4 billion deal with Puerto Rico to supply LNG. However, the project has now been delayed following a lawsuit by a group of marine pilots alleging the vessels used by NFE were unsafe.
Despite recent gains, New Fortress Energy Inc. (NASDAQ:NFE) ‘s share price has tumbled by over 92% since the beginning of 2025.
1. Greenfire Resources Ltd. (NYSE:GFR)
Share Price Gains Between Nov 14 – Nov 21: 15.88%
Topping our list of Energy Stocks that Gained the Most This Week is Greenfire Resources Ltd. (NYSE:GFR), an oil sands producer that is actively developing its long-life and low-decline thermal oil assets in the Athabasca region of Alberta, Canada.
Greenfire Resources Ltd. (NYSE:GFR) received a boost on November 12 when it was reported that Waterous Energy Fund (WEF) had invested over C$57 million in the company by acquiring 8,703,479 of its common shares. The stock then continued its rally when a November 14 report revealed that WEF has bought an additional 1,926,055 common shares of GFR through a private transaction, for a total purchase price of around C$12.8 million.
Following the two purchases, Waterous Energy Fund now owns a 71% stake in Greenfire Resources Ltd. (NYSE:GFR), locking in control of the company. It is also worth noting that Greenfire had announced a C$300 million equity rights offering on November 4 to help fund the redemption of the company’s $237.5 million senior secured notes due 2028, together with any accrued and unpaid interest.
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