In this article, we are going to discuss the energy stocks that are gaining this week.
The S&P Energy index posted impressive gains of 7.32% between February 2 and February 9, against a decline of 0.17% by the overall S&P 500 during the period.
The surge was primarily driven by rising crude oil prices amid ongoing tensions between Washington and Tehran, as markets weighed the risk of the US imposing further sanctions on Iranian oil and Iranian authorities responding by intercepting tankers through the vital Strait of Hormuz.
On the other hand, the price of natural gas slumped to a three-week low on February 9 as investors weighed the impact of warmer weather forecasts across the United States, which are likely to suppress the commodity’s demand for heating and power generation. Moreover, recent data from Baker Hughes revealed a significant increase in drilling activity in the Haynesville Shale, raising concerns about future supply and putting further downward pressure on natural gas prices.
The energy sector also received a boost from the impressive Q4 2025 earnings recently posted by the country’s major refiners. The fuelmakers reported better-than-expected profits during the quarter as product margins, spurred largely by the ongoing Russia-Ukraine war, rebounded from the multi-year lows witnessed in 2024 when earnings eased from post-pandemic highs.
Moreover, the recent regime change in Venezuela is expected to significantly benefit American Gulf Coast refiners in the coming months, as their facilities are well equipped to process the cheaper, heavy crude coming from the South American country.
Our Methodology
To collect data for this article, we used stock screeners to identify energy stocks that surged the most between February 2 and February 9, 2026. The following are the Energy Stocks that Gained the Most This Week. The stocks are ranked according to their share price gains during this period.
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10. Flowco Holdings Inc. (NYSE:FLOC)
Share Price Gains Between Feb. 2 and Feb. 9: 6.85%
Flowco Holdings Inc. (NYSE:FLOC) provides production optimization, artificial lift, and methane abatement solutions for the oil and natural gas industry.
Flowco Holdings Inc. (NYSE:FLOC) announced on February 2 that it has entered into a definitive agreement to acquire the parent company of Valiant Artificial Lift, significantly expanding the company’s artificial lift capabilities and enabling it to support clients with a wider range of lift technologies over the full life cycle of a well. The $200 million deal, structured as $170 million in cash and $30 million in Flowco Class A common stock, is expected to close in March this year, subject to customary closing conditions and regulatory approvals.
Joe Bob Edwards, President and CEO of Flowco Holdings Inc. (NYSE:FLOC), stated:
“We are pleased to add Valiant’s strong team and complementary ESP offering to Flowco’s portfolio. Valiant has established itself as a leading independent ESP provider in the Permian through a service-oriented culture that aligns well with our own, supported by proven technology and deep relationships with high-quality operators. By combining Valiant’s ESP capabilities with our existing artificial lift portfolio, we expand our ability to support customers earlier in the well’s producing life and maintain ongoing involvement as operating conditions evolve, creating additional touchpoints over the life of the well. We see meaningful opportunities to leverage our combined footprint and customer relationships to cross-sell these complementary technologies across both customer bases—supporting continued growth in the Permian, other U.S. basins, and select international markets. This transaction represents another step forward in our strategy to deliver the right solution in each well, every time.”
Flowco Holdings Inc. (NYSE:FLOC) also received a boost on January 30 when the company announced a quarterly dividend of $0.08 per share to all shareholders of record as of February 13, payable on February 25, 2026.
9. Phillips 66 (NYSE:PSX)
Share Price Gains Between Feb. 2 and Feb. 9: 10.73%
Phillips 66 (NYSE:PSX) is a leading integrated downstream energy provider engaged in refining, transporting, and marketing fuels.
Phillips 66 (NYSE:PSX) shot up on February 4 after the company reported better-than-expected Q4 2025 results, as the US refining margins posted a strong rebound from 2024 lows. The refining firm posted an adjusted EPS of $2.47, beating expectations by $0.32. Meanwhile, revenue for the quarter came in at $36.33 billion, up 7% YoY and topping estimates by nearly $2.9 billion.
Phillips 66 (NYSE:PSX)’s realized margin more than doubled to $12.48 per barrel in the fourth quarter, taking its refining earnings to $542 million, up from a loss of $759 million in the year-ago period. Moreover, the company’s refining operations operated at 99% crude capacity utilization during the quarter, while it delivered a record clean product yield of 88%. As a result, PSX posted earnings of $2.9 billion in Q4, a big jump from third-quarter earnings of $133 million. Additionally, the refiner managed to reduce its debt by $2 billion during the quarter, ending the year with net debt of $19.7 billion, helped by the sale of a 65% stake in its German and Austrian fuel retail business in December.
Following its impressive Q4 performance, Phillips 66 (NYSE:PSX) attracted positive attention from several analysts. On February 9, Citi raised its price target on the stock from $146 to $159 while maintaining its ‘Neutral’ rating after updating its oil and gas refiner models following the Q4 results. Similarly, analysts at TD Cowen, UBS, BMO Capital, Morgan Stanley, and Piper Sandler raised their price targets on PSX over the past week.
