In this article, we are going to discuss the energy stocks that are gaining this week.
The S&P energy index surged by 0.53% between February 13 and February 20, against gains of 1.07% posted by the overall S&P 500 during the period.
The US energy industry received a significant boost on February 18 after Japan pledged to invest nearly $36 billion in oil, gas, and critical mineral projects in Texas, Ohio, and Georgia. The commitment marks the first batch of investments following a landmark trade deal between Washington and Tokyo last year, in which the Asian country pledged to invest $550 billion in American-based projects. In return, President Trump agreed to cut tariffs on most Japanese imports to 15%.
Most of the money from this first tranche will be used to build a natural gas facility in Ohio, which will generate 9.2 gigawatts of electricity every year. Japan will also finance a $2.1 billion deepwater crude oil export facility in the Gulf of America, in addition to investing around $600 million in a synthetic diamond grit facility in Georgia.
In other news, the US Supreme Court ruled to strike down the trade tariffs imposed by President Trump last year, which may ease costs for some oil producers and drillers. However, it is estimated that the broader energy flows would likely remain unchanged for now.
Our Methodology
To collect data for this article, we used several stock screeners to identify energy stocks that have surged the most between February 13 and February 20, 2026. 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.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
10. Kinetik Holdings Inc. (NYSE:KNTK)
Share Price Gains Between Feb. 13 and Feb. 20: 9.68%
Kinetik Holdings Inc. (NYSE:KNTK) is the premier midstream operator in the Delaware Basin, providing gathering, compression, processing, transportation, and water management services.
Kinetik Holdings Inc. (NYSE:KNTK) shot up on February 19 after a Financial Times report revealed that the company is considering a sale following an approach from the Occidental Petroleum-backed Western Midstream Partners. According to the report, Kinetik began plotting a sale process to test interest from both strategic and infrastructure buyers after WM approached in recent weeks. That said, the talks are still in their preliminary stages, and no formal acquisition offer has been made yet.
The Warren Buffett-backed Occidental owns about a third of Western Midstream as a legacy of its $57 billion acquisition of Anadarko in 2019. The strategic move comes as natural gas is widely considered among the top energy sources to power the ongoing AI boom, and pipeline operators will play a critical role in delivering this fuel to data centers.
9. SM Energy Company (NYSE:SM)
Share Price Gains Between Feb. 13 and Feb. 20: 10.25%
SM Energy Company (NYSE:SM) is an independent energy company focused on the exploration, exploitation, development, acquisition, and production of natural gas and crude oil in the United States.
On February 18, SM Energy Company (NYSE:SM) revealed that it had reached an agreement to sell its Galvan Ranch assets in South Texas. The $950 million deal comes as the energy operator looks to reduce debt and bolster its capital structure.
SM has decided to sell around 61,000 net acres and approximately 260 producing wells in its southern Maverick Basin position in Texas, along with related support facilities. These assets are expected to produce an average output of approximately 37-39 MBoe/d this year, and generate around $160 million in asset-level cash flows, excluding corporate burdens. As of the end of 2025, the net proved reserves associated with these assets were around 168 MMBoe. The deal is expected to close in the second quarter of 2026.
Beth McDonald, President and CEO of SM Energy Company (NYSE:SM), commented:
“This timely asset sale largely accomplishes one of our key priorities of selling more than $1.0 billion in assets, which will enable us to reduce debt and strengthen our capital structure. We are excited about the impact this divestiture has on our balance sheet and look forward to sharing our updated return‑of‑capital program when we report earnings next week.”
SM Energy Company (NYSE:SM) further received a boost on February 18 when Roth Capital raised its price target on the stock from $23 to $24, while maintaining a ‘Buy’ rating on the shares. Similarly, on the following day, Stephens also increased its price target on SM from $48 to $49, while keeping its ‘Overweight’ rating on the shares. The firm views the aforementioned divestiture by the company as ‘positive’.
8. Occidental Petroleum Corporation (NYSE:OXY)
Share Price Gains Between Feb. 13 and Feb. 20: 12.52%
Occidental Petroleum Corporation (NYSE:OXY) is an independent exploration and production company with assets primarily in the United States, the Middle East, Africa, and Latin America.
Occidental Petroleum Corporation (NYSE:OXY) reported better-than-expected results for its Q4 2025 on February 19, with adjusted earnings of $0.31, beating estimates by $0.13, driven by the strong performance of its midstream unit. The company’s midstream business reported a pre-tax income of $204 million, compared to a loss of $123 million in the same period in 2024.
However, Occidental had to deal with a tough market, as its realized oil prices came in at $59.22 per barrel in Q4, down from $69.73 a year earlier. That said, the company’s production rose slightly to 1.48 MMboepd, exceeding the high end of its guidance.
Notably, Occidental Petroleum Corporation (NYSE:OXY) managed to bolster its balance sheet with the completion of the OxyChem sale on January 2, 2026. This helped the Warren Buffett-backed company to reduce its debt by $5.8 billion since mid-December 2025 and bring its total debt load down to $15 billion. It is worth noting that Occidental had been struggling with massive debt obligations following its $55 billion acquisition of Anadarko Petroleum in 2019 and its $12 billion purchase of CrownRock last year.
Occidental Petroleum Corporation (NYSE:OXY) also grew its quarterly dividend by more than 8% to $0.26 per share, payable on April 15, to stockholders of record as of March 10, 2026.
Occidental Petroleum Corporation (NYSE:OXY) is targeting its production to average between 1.42 MMboepd and 1.48 MMboepd in 2026, with capital spending in the range of $5.5 billion to $5.9 billion. The company is also aiming to improve its free cash flow by more than $1.2 billion in 2026.
Occidental Petroleum Corporation (NYSE:OXY) garnered significant positive attention following its impressive Q4 report, with analysts from Roth Capital, Morgan Stanley, UBS, Susquehanna, and Barclays raising their price targets on the stock.
Occidental Petroleum Corporation (NYSE:OXY) was recently included among the 10 Best American Oil and Gas Stocks to Buy.
7. Nabors Industries Ltd. (NYSE:NBR)
Share Price Gains Between Feb. 13 and Feb. 20: 14.82%
With operations in about 15 countries, Nabors Industries Ltd. (NYSE:NBR) is a leading provider of advanced technology for the energy industry.
Nabors Industries Ltd. (NYSE:NBR) jumped after announcing strong results for its Q4 2025 on February 12, with its EPS of $0.17 comfortably beating expectations by $1.13. Similarly, NBR’s revenue for the quarter also grew by 9.3% YoY to around $797.5 million, exceeding estimates by over $1.7 million. Revenue for the full year 2025 came in at $3.2 billion, up 8.7% YoY, driven primarily by the acquisition of Parker and a strong international expansion. Meanwhile, full-year adjusted EBITDA was reported at $913 million, up $31 million from the previous year.
Nabors Industries Ltd. (NYSE:NBR) also generated an adjusted free cash flow of $132 million in Q4, up significantly from $6 million in Q3. Moreover, the company revealed that it has reduced its outstanding net debt by approximately $554 million since the end of 2024, with its total debt load standing at its lowest level since 2005.
Following the impressive Q4 report, on February 19, Piper Sandler raised its price target on Nabors Industries Ltd. (NYSE:NBR) from $65 to $80, while maintaining an ‘Overweight’ rating on the shares. Similarly, analysts at Susquehanna and RBC Capital also raised their price targets on NBR earlier on February 13.
6. Forum Energy Technologies, Inc. (NYSE:FET)
Share Price Gains Between Feb. 13 and Feb. 20: 15.26%
Next on our list of Energy Stocks that Gained This Week is Forum Energy Technologies, Inc. (NYSE:FET). The company designs, manufactures, and supplies products serving the oil, natural gas, industrial, and renewable energy industries in the United States and internationally.
Forum Energy Technologies, Inc. (NYSE:FET) reported better-than-expected results for its Q4 2025 on February 20, with its adjusted earnings of $0.41 per share beating estimates by $0.05. Similarly, Forum’s revenue of just over $202 million also topped forecasts by $11.7 million. Meanwhile, the company’s free cash flow for the full year 2025 stood at $80 million.
Notably, Forum Energy Technologies, Inc. (NYSE:FET) revealed that it is entering 2026 with a backlog of $312 million, up 46% from a year ago and at its highest level in 11 years. Moreover, almost 12% of this backlog is from products developed in the last few years.
Forum Energy Technologies, Inc. (NYSE:FET) provided a strong outlook for FY 2026, with the company targeting a revenue of $800 million to $880 million for the year, representing a YoY growth of 6% at the midpoint. Similarly, Forum is projecting its EBITDA to grow by 16% YoY to $90 million to $110 million, with an adjusted net income of $18 million to $38 million. Meanwhile, free cash flow for the year is expected to come in between $55 million and $75 million.
5. Texas Pacific Land Corporation (NYSE:TPL)
Share Price Gains Between Feb. 13 and Feb. 20: 15.63%
Texas Pacific Land Corporation (NYSE:TPL) owns and manages about 868,000 acres in the Permian Basin. The company generates revenues along the entire value chain of oil and gas development, including royalties, water resources, and surface leases, easements, and materials.
Texas Pacific Land Corporation (NYSE:TPL) soared after reporting strong results for its Q4 2025 on February 18. The company’s EPS of $1.79 was in line with expectations, while its revenue grew by 13.6% YoY to $211 million, topping estimates by $7 million. The robust performance came as the company achieved quarterly records for oil and gas royalty production, water sales volumes, and produced water royalties.
Texas Pacific Land Corporation (NYSE:TPL) delivered annual records across its major operating milestones in full-year 2025, including oil and gas royalty production, water sales, produced water royalties, and SLEM revenue. Moreover, the company set fiscal year records for consolidated metrics, including revenue, net income, and free cash flow. Impressively, TPL managed to achieve such results despite the crude oil prices falling from $95 per barrel in 2022 to an average of $65 per barrel in 2025. The company ended the year with $145 million of cash and zero debt, while its $500 million credit facility also remains fully undrawn.
On February 19, Texas Pacific Land Corporation (NYSE:TPL) announced a regular quarterly dividend of $0.60 per share, indicating a 12.5% increase versus the prior payout.
4. National Energy Services Reunited Corp. (NASDAQ:NESR)
Share Price Gains Between Feb. 13 and Feb. 20: 17.14%
National Energy Services Reunited Corp. (NASDAQ:NESR) provides oilfield services in the Middle East and North Africa region.
National Energy Services Reunited Corp. (NASDAQ:NESR) hit a new high after announcing its Q4 2025 results on February 19, with the company’s adjusted EPS of $0.32 exceeding estimates by $0.07. Revenue for the quarter also surged by 34.9% sequentially and 15.9% YoY to just over $398 million, topping consensus by almost $28 million. The strong quarterly performance follows the announcement of several significant contract awards by NESR, most notably its integrated unconventional completions scope in Saudi Arabia’s Jafurah development, which further bolsters its long-standing partnership with Aramco.
That said, National Energy Services Reunited Corp. (NASDAQ:NESR) posted a 56% sequential and 70.9% YoY decline in net income to $7.8 million, driven by non-cash impairment charges on two small technology investments, additional current expected credit loss provisions, mobilization-related restructuring costs in Oman, and other write-offs and provisions largely related to a vendor bankruptcy and resulting provision for a construction-in-process prepayment previously made in Saudi Arabia. Excluding these items, the company’s adjusted net income and adjusted EBITDA both witnessed strong sequential gains.
National Energy Services Reunited Corp. (NASDAQ:NESR) generated operating cash flow of $264.2 million in the full year 2025, up 15.2% from the prior year. Meanwhile, free cash flow for the year stood at $120.8 million. The company ended the year with a net debt of $185.3 million, down nearly $90 million from 2024.
Understandably, National Energy Services Reunited Corp. (NASDAQ:NESR) garnered positive analyst attention following the impressive Q4 results. On February 18, Barclays raised its price target on NESR from $25 to $34 while maintaining an ‘Overweight’ rating. Subsequently, on February 19, UBS analyst Josh Silverstein also increased the firm’s price target on the stock from $25 to $31, while maintaining its ‘Buy’ rating.
3. Gran Tierra Energy Inc. (NYSE:GTE)
Share Price Gains Between Feb. 13 and Feb. 20: 21.1%
Gran Tierra Energy Inc. (NYSE:GTE) is an independent international energy company currently focused on oil and natural gas exploration and production in Canada, Colombia, and Ecuador.
Gran Tierra Energy Inc. (NYSE:GTE) rallied on February 19 when the company announced that it had signed an agreement with Azerbaijan’s SOCAR to explore and develop oil and natural gas in the country’s Guba-Khazaryani region. The agreement grants GTE a 65% working interest and operatorship of the contract area covering approximately 0.4 million gross acres, more than twice its current acreage in Ecuador. The company expects to begin an airborne gravity study this year, with seismic acquisition and drilling activities planned to commence in 2027.
Gary Guidry, President and CEO of Gran Tierra Energy Inc. (NYSE:GTE), commented:
“We are extremely excited about the opportunity to enter Azerbaijan, which we view as a compelling addition to Gran Tierra’s portfolio, and we are honored to be welcomed by the Republic of Azerbaijan and to partner with SOCAR, a highly professional, world-class integrated energy company. We believe this represents an early, scaled entry through SOCAR’s bid round into a jurisdiction that is clearly supportive of the continued development of its hydrocarbon resources, under a stable and transparent framework, as demonstrated by several recently announced production sharing agreements. Gran Tierra’s nimble operating model and proven track record of exploration and development in complex geologies position us well to advance exploration and development activities in Azerbaijan. Azerbaijan is a deeply established hydrocarbon province with major discoveries and a world-class, export-ready infrastructure system, supported by more than a century of oil and gas production history, including some of the world’s earliest and most prolific commercial oil developments. This aligns well with our strategy of pursuing risk-mitigated, capital-efficient growth in regions with demonstrated upside. Importantly, Azerbaijan plays a critical role in European energy security, supplying both oil and gas to key European markets, and we are excited about the opportunity to participate in that value chain over the long term.”
On the same day, Gran Tierra Energy Inc. (NYSE:GTE) announced it had signed an agreement with an unidentified buyer to sell its remaining working interest in the Simonette asset in Alberta for a total of C$62.6 million. The transaction is expected to close in the first quarter of 2026 and would complete Gran Tierra’s exit from Simonette.
2. Kosmos Energy Ltd. (NYSE:KOS)
Share Price Gains Between Feb. 13 and Feb. 20: 28.57%
Kosmos Energy Ltd. (NYSE:KOS) is a leading deepwater exploration and production company focused on meeting the world’s growing demand for energy.
In late December 2025, Kosmos Energy Ltd. (NYSE:KOS) received approval from the Ghanaian government to extend the licenses for its West Cape Three Points and Deep Water Tano Petroleum Agreements. The agreements had been submitted to the parliament for formal ratification. The company revealed on February 20 that the Ghanaian parliament has now formally ratified the aforementioned license extensions through 2040, extending the life of Kosmos’ core Ghana assets and reducing uncertainty about long-term development plans.
As part of the extensions, the amended Jubilee plan of development allows for up to 20 additional wells in the field, with Kosmos now expecting to realize an increase in Jubilee 2P reserves.
Andrew G. Inglis, Chairman and CEO of Kosmos Energy Ltd. (NYSE:KOS), stated:
“Parliamentary ratification of the license extensions in Ghana marks an important milestone for the country, and Kosmos is proud to have led the work with the Government of Ghana to execute these agreements. Jubilee is a world‑class oil field with significant remaining potential that can be unlocked through continued investment, regular drilling and high facility reliability, supported by the latest seismic acquisition and processing technologies.
As the partnership advances the current drilling program, Jubilee production continues to rise in line with our expectations. With Jubilee output exceeding 70,000 bopd and GTA producing above nameplate capacity, Kosmos’ total production has reached record levels.
This improved performance, combined with the financial progress we are making, strengthens the resilience of the company and ensures we are well positioned to create long‑term value for our shareholders.”
1. Oil States International, Inc. (NYSE:OIS)
Share Price Gains Between Feb. 13 and Feb. 20: 33.30%
Topping our list of Energy Stocks that Gained This Week is Oil States International, Inc. (NYSE:OIS). The company designs, manufactures, and sells capital equipment utilized on floating production systems, subsea pipelines, offshore drilling rigs, and vessels.
Oil States International, Inc. (NYSE:OIS) rallied after announcing results for its Q4 2025 on February 20, with the company’s adjusted EPS of $0.13 topping estimates by $0.03. Oil States’ revenue also grew by 8% sequentially and 8.4% YoY, driven by its strategic decisions to exit certain underperforming US land-based operations. As a result, there has been a shift in the company’s business mix, with 77% of its revenues generated from offshore and international markets in the current quarter compared to 72% in the prior-year period.
Cash generation was a standout theme for Oil States International, Inc. (NYSE:OIS), with Q4 cash flow from operations hitting a historic high of $50 million, up 63% from the previous quarter. Operating cash flows hit $105.1 million for the full year 2025, with free cash flow coming in at just under $94.2 million. This allowed the company to finish the year with cash on hand exceeding outstanding debt by $15 million.
Oil States International, Inc. (NYSE:OIS) also achieved bookings of $160 million during Q4 and ended the year with a backlog of $435 million, its highest level since March 2015.
For the full year 2026, Oil States International, Inc. (NYSE:OIS) is projecting revenues to be in the range of $680 million and $700 million, and full-year EBITDA to be between $90 million and $95 million, both metrics up significantly from last year.
Following the recent rally, Oil States International, Inc. (NYSE:OIS) stock has gained over 77% since the beginning of 2026.
While we acknowledge the potential of OIS to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than OIS and that has 100x upside potential, check out our report about this cheapest AI stock.
READ NEXT: 12 Best Crude Oil Stocks to Buy as Tensions Rise and 10 Best American Oil and Gas Stocks to Buy.
Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.
