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.
8. Imperial Oil Limited (NYSEAMERICAN:IMO)
Share Price Gains Between Feb. 2 and Feb. 9: 11.20%
Imperial Oil Limited (NYSEAMERICAN:IMO) produces high-quality fuels, lubricants, and chemical products marketed under the Esso and Mobil brands.
Imperial Oil Limited (NYSEAMERICAN:IMO) posted its Q4 2025 earnings on January 30, with the company’s adjusted EPS of C$1.97 beating expectations by C$0.08. However, Imperial’s net income for the quarter came in at C$492 million, down from C$539 million in Q3, driven primarily by a decline in upstream realizations amid the lower oil prices. That said, the company reported its highest annual production in over 30 years of 438,000 gross oil-equivalent barrels per day for FY 2025. Meanwhile, IMO’s cash flows from operating activities for the year also grew by over 12% YoY to C$6.71 billion.
Notably, Imperial Oil Limited (NYSEAMERICAN:IMO) announced a quarterly dividend of C$0.87 per share on January 30, up by around 20% from its prior payout of C$0.72 per share. The dividend is payable on April 1, for shareholders of record on March 5.
With gains of over 40% last year, Imperial Oil Limited (NYSEAMERICAN:IMO) was included among the 11 Best Performing Energy Stocks in 2025.
7. Valero Energy Corporation (NYSE:VLO)
Share Price Gains Between Feb. 2 and Feb. 9: 11.74%
Valero Energy Corporation (NYSE:VLO) is the world’s premier independent petroleum refiner and a leading producer of low-carbon transportation fuels.
Valero Energy Corporation (NYSE:VLO) posted strong results for its Q4 2025 on January 29, driven primarily by a rebound in margins and higher throughput volume. The company’s refining margin grew by over 61% YoY to $13.61 per barrel during the quarter, while its average throughput volume came in at 3.1 million barrels per day, up from 2.9 million bpd a year earlier. As a result, Valero posted adjusted earnings of $3.82 per share for Q4, beating estimates by $0.55. The company’s revenue of $30.37 billion also topped forecasts by over $2.4 billion.
Valero Energy Corporation (NYSE:VLO) remains well-positioned to capitalize on US action in Venezuela, as its refineries are designed to process heavier crude, such as that from the South American country. The company announced that it has engaged three authorized sellers of Venezuelan crude and will purchase barrels from all three.
Following the impressive Q4 earnings beat, UBS analyst Manav Gupta significantly increased the firm’s price target on Valero Energy Corporation (NYSE:VLO) from $190 to $215 on January 30, while keeping a ‘Buy’ rating on the shares. Similarly, analysts at Citi, Morgan Stanley, and Piper Sandler have raised their price targets on VLO over the past few days.
6. Weatherford International plc (NASDAQ:WFRD)
Share Price Gains Between Feb. 2 and Feb. 9: 12.84%
Next on our list of Energy Stocks that Gained This Week is Weatherford International plc (NASDAQ:WFRD). The company provides equipment and services for the drilling, evaluation, completion, production, and intervention of oil, geothermal, and natural gas wells worldwide.
Weatherford International plc (NASDAQ:WFRD) reported strong results for Q4 2025 on February 3, beating expectations in both earnings and revenue. The company’s net income for the quarter came in at $138 million, up by 70% sequentially and 23% YoY. However, net income for the full year 2025 declined by almost 15% from the previous year. Moreover, Weatherford’s Q4 revenue of $1.29 billion indicated a sequential growth of 5%, driven by higher activity in Latin America. Notably, the company declared a quarterly dividend of $0.275 per share on February 4, up 10% from its prior payout of $0.250.
Following the impressive Q4 performance, UBS analyst Josh Silverstein raised the firm’s price target on Weatherford International plc (NASDAQ:WFRD) from $82 to $94 on February 5, but maintained a ‘Neutral’ rating on the shares. Similarly, on the same day, Barclays and BMO Capital analysts raised their respective price targets for WFRD.
5. Patterson-UTI Energy, Inc. (NASDAQ:PTEN)
Share Price Gains Between Feb. 2 and Feb. 9: 14.62%
Patterson-UTI Energy, Inc. (NASDAQ:PTEN) is a leading provider of drilling and completion services to oil and natural gas exploration and production companies in the United States and select countries.
Patterson-UTI Energy, Inc. (NASDAQ:PTEN) reported its Q4 2025 results on February 4, with the company beating estimates in both earnings and revenue. Notably, the firm generated $416 million in adjusted free cash flow for full-year 2025, with Q4 marking its highest adjusted free cash flow quarter since completing its strategic transformation in 2023. The robust free cash flow profile allowed PTEN to raise its quarterly dividend by 25% to $0.10 per share, payable on March 16 to holders of record as of March 2, 2026.
Patterson-UTI Energy, Inc. (NASDAQ:PTEN) further received a lift on February 6 when Susquehanna raised its price target on the stock from $8 to $10, while maintaining a ‘Positive’ rating on the shares. The revised target, which indicates a 15% upside from current levels, comes as the analyst firm updated its model following Q4 results, with free cash flow remaining a standout. Similarly, analysts at Piper Sandler, Citi, Barclays, and Stifel have raised their price targets on PTEN over the past few days following the company’s Q4 report.
4. Marathon Petroleum Corporation (NYSE:MPC)
Share Price Gains Between Feb. 2 and Feb. 9: 15.46%
Marathon Petroleum Corporation (NYSE:MPC) is a leading integrated downstream energy company that operates the largest refining system in the United States.
Marathon Petroleum Corporation (NYSE:MPC) jumped after reporting strong results for Q4 2025 on February 3, with the company’s adjusted earnings of $4.07 per share comfortably beating forecasts by $1.36, as refining margins surged in the latter part of 2025. Similarly, Marathon’s revenue of $33.42 billion for the quarter also topped estimates by almost $3 billion.
Marathon posted a refining margin of $18.65 per barrel for Q4, up more than 44% YoY, boosting its refining and marketing earnings to about $2 billion, compared to $559 million a year earlier. The company operated its refineries at approximately 95% during the quarter, with total throughput of just over 3 million barrels per day. Its 606,000 bbl/day Garyville refinery in Louisiana and 253,000 bbl/day Robinson refinery in Illinois both set monthly crude throughput records during the quarter. The refiner also announced new projects to optimize its Gulf Coast refineries and revealed that it acquired two cargoes of Venezuelan crude oil at the end of January, with expectations that its refineries will process more heavy grades.
Marathon Petroleum Corporation (NYSE:MPC) received another boost on February 4 when TD Cowen analyst Jason Gabelman raised the firm’s price target on the stock from $183 to $198 while maintaining a ‘Buy’ rating. Similarly, analysts at Citi, UBS, and Wells Fargo raised their price targets on MPC following the company’s impressive Q4 performance.
3. Noble Corporation plc (NYSE:NE)
Share Price Gains Between Feb. 2 and Feb. 9: 16.28%
Noble Corporation plc (NYSE: NE) is an offshore drilling contractor serving the oil and gas industry worldwide.
Noble Corporation plc (NYSE:NE) received a boost on February 2 when BTIG raised its price target on the stock from $35 to $42, while maintaining a ‘Buy’ rating on the shares. The revised target comes as part of the analyst firm’s broader research note on Offshore Services companies. BTIG noted that a pickup in rig contracting is helping to de-risk 2026, adding that, despite day rates largely trending sideways, clients continue to expand their contracted rig portfolios.
Similarly, on January 27, Barclays analyst Eddie Kim also increased the firm’s price target on Noble Corporation plc (NYSE:NE) from $33 to $36 while keeping its ‘Overweight’ rating on the shares. The revision comes after the company announced new contract awards for 9 rigs, totaling approximately $1.3 billion in backlog, on January 26.
Robert W. Eifler, President and CEO of Noble Corporation plc (NYSE:NE), commented:
“These important backlog additions indicate a strong and broad-based demand for deepwater drilling on a multi-year basis. Additionally, the redeployment of four currently idle deepwater rigs should drive a meaningful utilization improvement across our fleet, with 92% of our 24 marketed floaters now contracted compared to 75% in our prior fleet status report. While these programs will present incremental one-time capital expenditure requirements in 2026, we expect them to help drive significantly increased fleet EBITDA and free cash flow in future years, which will be supported by a material reduction in capital expenditure beyond 2026. We look forward to expanding our scale in Norway while continuing to focus on reliable service quality and execution for all of our customers.”
2. Borr Drilling Limited (NYSE:BORR)
Share Price Gains Between Feb. 2 and Feb. 9: 19.83%
Borr Drilling Limited (NYSE:BORR) is an offshore shallow-water drilling contractor providing worldwide offshore drilling services to the oil and gas industry.
Borr Drilling Limited (NYSE:BORR) announced on January 28 that it has completed the acquisition of five premium jack-up rigs from Noble Corporation for a total purchase price of $360 million. The deal, which was first announced in December, expands Borr’s jackup fleet to 29 rigs and further enhances its exposure to near-term offshore drilling opportunities across key global basins.
Bruno Morand, CEO of Borr Drilling Limited (NYSE:BORR), stated:
“We are pleased to have expanded our premium fleet at an opportune point in this market cycle. These five jack-up rigs are highly compatible with our existing portfolio and provide well-suited capacity for near-term opportunities. The Borr Drilling platform—built on operational excellence, customer centricity, and our premium jack-up rig fleet—remains our defining competitive advantage, and we believe this expansion will deepen customer relationships and drive attractive long-term value for shareholders.”
Following recent gains, Borr Drilling Limited’s (NYSE:BORR) share price has surged more than 40% since the beginning of 2025.
1. Kodiak Gas Services, Inc. (NYSE:KGS)
Share Price Gains Between Feb. 2 and Feb. 9: 23.21%
Topping our list of Energy Stocks that Gained This Week is Kodiak Gas Services, Inc. (NYSE:KGS). The company is a leading provider of natural gas contract compression services in the United States, delivering efficiency and reliability across major basins.
Kodiak Gas Services, Inc. (NYSE:KGS) shot up on February 5 after the company announced that it had agreed to acquire Distributed Power Solutions, entering the fast‑growing distributed power generation market. The transaction, valued at approximately $675 million, includes $575 million in cash and around $100 million in Kodiak common stock. The deal is expected to close in April this year and includes DPS’s 384‑MW fleet of Caterpillar‑powered reciprocating engines and turbines.
Mickey McKee, President and CEO of Kodiak Gas Services, Inc. (NYSE:KGS), commented:
“Distributed power is a natural extension of our large horsepower operations skillset and meaningfully enhances our ability to deliver critical energy infrastructure solutions to our oil and gas customers, while opening new avenues of growth in the fast-growing digital infrastructure end market.
Distributed power demand is growing rapidly. We believe that the speed-to-deployment and competitive pricing relative to an increasingly constrained power grid make distributed power an attractive option for primary, long-term power. Kodiak is committed to powering our critical energy future, and I’m confident that adding DPS will further our goal to help provide safe, reliable, and affordable energy to the world.”
Kodiak Gas Services, Inc. (NYSE:KGS) also received a boost on February 6 when Barclays raised its price target on the stock from $42 to $49, while maintaining an ‘Overweight’ rating on the shares. The revision comes as the analyst believes that Kodiak’s expansion into power generation enhances its core service offering and ‘represents a key growth driver’. Similarly, on the same day, Citi raised its price target on KGS from $48 to $53 while maintaining its ‘Buy’ rating.
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