In this article, we are going to discuss the energy stocks that are gaining this week.
The S&P Energy index shot up by 3.38% between February 23 and March 2, compared to gains of $0.64% posted by the overall S&P 500 during the period. The spike has been driven by the sharp surge in global crude oil prices following the ongoing supply concerns in the Middle East.
The WTI crude oil futures have surged by almost 16% since February 27 and are currently hovering at just under $76 under barrel as the Iran crisis continues to escalate. Tehran has retaliated to the US-Israel strikes by effectively blocking the Strait of Hormuz, a move that threatens to choke a fifth of the global oil and LNG supply. Moreover, the flurry of Iranian drone attacks has led to the suspension of operations at Saudi Arabia’s biggest domestic oil refinery, LNG facilities in Qatar, most oil production in Iraqi Kurdistan, and several Israeli gas fields, further disrupting energy supply and putting upward pressure on prices.
According to Bloomberg, a prolonged closure of the ever-important waterway of Hormuz could lift oil prices toward $108 per barrel, which would be the highest since Russia’s invasion of Ukraine in 2022.
Our Methodology
To collect data for this article, we have referred to several stock screeners to find energy stocks that have surged the most between February 23 and March 2, 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.
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10. Kodiak Gas Services, Inc. (NYSE:KGS)
Share Price Gains Between Feb. 23 and Mar. 2: 13.09%
Kodiak Gas Services, Inc. (NYSE:KGS) is a leading provider of natural gas contract compression services in the United States, bringing efficiency and reliability to all the major basins.
Kodiak Gas Services, Inc. (NYSE:KGS) soared to an all-time high on March 2 when Goldman Sachs raised its price target on the stock from $46 to $60, while maintaining a ‘Buy’ rating on the shares.
The revision comes after Kodiak Gas Services, Inc. (NYSE:KGS) reported its Q4 2025 results on February 25. While the company’s adjusted earnings of $0.35 per share fell short of estimates by $0.18, its revenue of almost $332.9 million managed to beat forecasts by almost $2 million.
Moreover, Kodiak Gas Services, Inc. (NYSE:KGS) set new records in full-year 2025, including in total revenue, adjusted EBITDA, discretionary cash flow, and free cash flow. The company’s total annual revenue grew by 13% YoY to $1.3 billion, while its adjusted EBITDA surged by 17% YoY to $715 million. Kodiak also generated $230 million of free cash flow in 2025, leading to an industry-leading free cash flow yield and enabling the company to reduce its outstanding debt and achieve its stated leverage ratio goal of 3.5x at year-end.
9. ProPetro Holding Corp. (NYSE:PUMP)
Share Price Gains Between Feb. 23 and Mar. 2: 15.50%
ProPetro Holding Corp. (NYSE:PUMP) is an oilfield services company that engages in the provision of hydraulic fracturing and other complementary services.
ProPetro Holding Corp. (NYSE:PUMP) received a boost on February 25 when Barclays analyst Eddie Kim raised its price target on the stock from $11 to $12, while maintaining an ‘Equal Weight’ rating on the shares. The revision comes after the firm updated the company’s model following the Q4 report.
ProPetro Holding Corp. (NYSE:PUMP) reported strong results for its Q4 2025 on February 18, with its EPS of $0.01 comfortably beating estimates by $0.13. The company’s revenue of almost $290 million also exceeded expectations by around $3.7 million. ProPetro’s adjusted EBITDA increased to $51 million, from $35 million in the previous quarter. Meanwhile, net cash provided by operating activities also surged by 93% sequentially to $81 million.
ProPetro Holding Corp. (NYSE:PUMP) also provided an encouraging update for its PROPWR business, which provides modular onsite power through small turbines and reciprocating engines for oil & gas and data center clients. The segment expanded its total committed capacity to approximately 240 MW at the end of Q4, with expectations to continue to grow that number in 2026. The company expects the segment to grow to at least 750 MW by year-end 2028 and 1 GW or more by the end of 2030.
8. Kosmos Energy Ltd. (NYSE:KOS)
Share Price Gains Between Feb. 23 and Mar. 2: 16.50%
Kosmos Energy Ltd. (NYSE:KOS) is a leading deepwater exploration and production company focused on meeting the world’s growing demand for energy.
Kosmos Energy Ltd. (NYSE:KOS) shot up despite posting lower-than-expected results for its Q4 2025 on March 2, with the company falling behind forecasts in both earnings and revenue. However, Kosmos reported net production of approximately 67,900 barrels of oil equivalent per day (boepd) during the quarter, up by around 4% from Q3.
Kosmos Energy Ltd. (NYSE:KOS) also announced a strong outlook for FY 2026, with the company targeting to deliver 15% YoY production growth coming predominantly from its core, Jubilee, and GTA assets. At the same time, Kosmos also aims to deliver a 20% reduction in total operating costs, with the combination of higher production and lower costs expected to reduce OpEx per barrel by around 35%. Moreover, the company is targeting to reduce its debt by at least 10% by the end of 2026.
Kosmos Energy Ltd. (NYSE:KOS) also received a strong lift earlier on February 20 when the Ghanaian parliament formally ratified the license extensions covering the company’s Jubilee and TEN fields through 2040.
7. CVR Energy, Inc. (NYSE:CVI)
Share Price Gains Between Feb. 23 and Mar. 2: 18.32%
CVR Energy, Inc. (NYSE:CVI) is primarily engaged in the renewable fuels and petroleum refining and marketing businesses, as well as in the nitrogen fertilizer manufacturing business in North America.
CVR Energy, Inc. (NYSE:CVI) shot up after an SEC filing revealed that Carl Icahn increased his stake in the company by acquiring 783,404 shares of its common stock. The prominent investor acquired the shares in three separate transactions from February 20 to February 24, altogether valued at over $16.44 million. The investment has increased Icahn’s total stake in CVR Energy to 71,201,875 shares, representing a substantial 70.82% of the company’s stock.
The move comes after CVR Energy, Inc. (NYSE:CVI) reported better-than-expected results for its Q4 2025 on February 18, with the company beating forecasts in both earnings and revenue.
While it posted a net loss during the quarter, CVR’s net income for the full-year 2025 came in at $90 million, up significantly from the $45 million posted in 2024. However, the company reported a negative free cash flow of $231 million for the year, down from the positive free cash flow of $181 million generated in 2024.
6. Venture Global, Inc. (NYSE:VG)
Share Price Gains Between Feb. 23 and Mar. 2: 20.68%
Venture Global, Inc. (NYSE:VG) develops and constructs LNG export projects to provide clean, affordable energy to the world. The company is currently the second-largest LNG exporter in the United States.
Venture Global, Inc. (NYSE:VG) soared after reporting strong results for its Q4 2025 on March 2, with the company’s adjusted EPS of $0.42 exceeding estimates by $0.06. VG’s adjusted core profit grew by 191% YoY to $2 billion in the quarter, while net income surged by around 23% to $1.07 billion, driven primarily by the higher LNG sales volumes at the Plaquemines project in Louisiana.
Venture Global, Inc. (NYSE:VG) is targeting to ship 145 to 156 cargoes from its Calcasieu Pass project and 341 to 371 cargoes from the Plaquemines project in 2026. That said, the company is expecting its adjusted core earnings for FY 2026 to be in the range of $5.2 billion and $5.8 billion, falling behind estimates of $6.03 billion, due to the impacts of the winter storm and margin compression in the first quarter.
Venture Global, Inc. (NYSE:VG) aims to double its LNG exports by 2029, and the company reported on March 2 that it had signed a new, binding agreement to sell about 0.5 mpta of LNG to Trafigura for five years, starting in 2026.
Venture Global, Inc. (NYSE:VG) also stands to benefit from the recent crisis in the Middle East, which has disrupted around 20% of the global LNG supply. The American supplier boasts the largest amount of LNG cargoes in the world that are not contracted and remains ready to help stabilize the global markets.
5. Enerflex Ltd. (NYSE:EFXT)
Share Price Gains Between Feb. 23 and Mar. 2: 20.92%
Next on our list of Energy Stocks that Gained this Week is Enerflex Ltd. (NYSE:EFXT), which offers energy infrastructure and energy transition solutions in North America, Latin America, and the Eastern Hemisphere.
Enerflex Ltd. (NYSE:EFXT) reported its Q4 2025 results on February 25, with the company’s adjusted earnings of $0.20 comfortably beating expectations by $0.24. Its revenue also grew by around 12% YoY to $627 million and topped estimates, driven by the robust demand in the Energy Infrastructure and Aftermarket Services segments. That said, Enerflex reported a net loss of $57 million during the quarter, primarily due to expenses related to the redemption of the 2027 senior secured notes.
Enerflex Ltd. (NYSE:EFXT) posted an adjusted EBITDA of $123 million in Q4 2025, compared to $121 million in the same period the year before. Similarly, the company’s free cash flow also increased to a record $141 million during the quarter, up from $76 million in Q4 2024 and $43 million in Q3 2025.
Enerflex Ltd. (NYSE:EFXT) further received a boost on February 27 when TD Securities raised its price target on the stock from C$28 to C$39, while maintaining a ‘Buy’ rating on the shares.
4. Nordic American Tankers Limited (NYSE:NAT)
Share Price Gains Between Feb. 23 and Mar. 2: 21.14%
Nordic American Tankers Limited (NYSE:NAT) is a Bermuda-based international tanker company that specializes in operating Suezmax crude oil tankers.
Nordic American Tankers Limited (NYSE:NAT) reported its Q4 2025 results on February 26. Although it failed to meet Wall Street forecasts, the company revealed that its Q4 result was the strongest of the year as the average time charter equivalent (TCE) for its fleet grew by 25% sequentially to $35,000 per day per ship. NAT also reported a net profit of $11.7 million for the quarter, while its EBITDA came in at $34.7, supported by a tight market for compliant Suezmax tankers.
Moreover, Nordic American Tankers Limited (NYSE:NAT) highlighted a solid market for its ships at the start of the year, with nearly two-thirds of its spot days in Q1 2026 booked at about $55,000 per day.
Nordic American Tankers Limited (NYSE:NAT) declared a quarterly dividend of $0.17 per share on February 25, marking the company’s 114th consecutive quarterly dividend. NAT was recently included in our list of the 13 Best March Dividend Stocks to Buy.
Nordic American Tankers Limited (NYSE:NAT) has also received a lift from the ongoing situation in the Middle East, as the supply disruptions in the Strait of Hormuz have pushed oil supertanker rates in the Middle East to record highs.
3. Delek US Holdings, Inc. (NYSE:DK)
Share Price Gains Between Feb. 23 and Mar. 2: 24.33%
Delek US Holdings, Inc. (NYSE:DK) is a diversified downstream energy company specializing in petroleum refining, asphalt, renewable fuels, and logistics.
Delek US Holdings, Inc. (NYSE:DK) posted its Q4 2025 results on February 25, with its adjusted earnings of $2.31 per share easily topping forecasts by $2.50. The company reported an adjusted net income of $143 million for the quarter, a massive improvement over the nearly $161 million it lost in the same period in 2024.
The surge is primarily attributed to Delek’s refining segment, which posted an adjusted EBITDA of $314.1 million in Q4 2025, compared to a loss of $68.7 million in the same quarter in 2024. The improvement reflects a surge in refining margin driven by increased crack spreads and the continued benefit of the small refinery exemptions granted earlier this year. The company’s benchmark crack spreads were up an average of 66% from prior-year levels.
Following the recent gains, the share price of Delek US Holdings, Inc. (NYSE:DK) has gained by almost 39% since the beginning of 2026, as of the writing of this piece.
2. AleAnna, Inc. (NASDAQ:ANNA)
Share Price Gains Between Feb. 23 and Mar. 2: 30.94%
AleAnna, Inc. (NASDAQ:ANNA) is a company that is contributing to securing Italy’s and Europe’s energy future by delivering immediate, reliable natural gas while advancing renewable natural gas solutions.
AleAnna, Inc. (NASDAQ:ANNA) rallied after the EU natural gas prices spiked to their highest level since 2023, as the ongoing situation in the Middle East has heightened concerns of potential LNG supply disruptions to Europe. It was reported that QatarEnergy has halted LNG production after Iranian drones struck the Ras Laffan and Mesaieed facilities, which are responsible for roughly 20% of global LNG output. Moreover, Iran has placed a blockade on the Strait of Hormuz, a key export route for Qatar.
With Qatar cutting its supplies and Iran blocking any energy shipments from passing through, there are concerns that the competition for LNG supply between Europe and Asia will intensify, driving prices higher. To make matters worse, these supply issues have come at a time when the EUgas storage is already standing low at just around 30%, down from the 40% recorded at this time last year.
1. Battalion Oil Corporation (NYSE:BATL)
Share Price Gains Between Feb. 23 and Mar. 2: 183.65%
Topping our list of the Energy Stocks that Gained This Week is Battalion Oil Corporation (NYSE:BATL), an independent energy company focused on the acquisition, production, exploration, and development of liquids-rich assets in the Delaware Basin.
Battalion Oil Corporation (NYSE:BATL) skyrocketed after the recent US-Israel action in the Middle East raised serious supply concerns for the global oil and gas industry. The crisis has led to Iran placing a de facto blockade on the Strait of Hormuz, which handles around a fifth of global crude oil supply. The heightened concerns regarding a prolonged conflict in the Middle East have pushed investors towards oil producers with strong onshore US exposure, like Battalion, which are seen as less vulnerable to the aforementioned supply chain issues.
In other news, it was reported on February 25 that Battalion Oil Corporation (NYSE:BATL) has closed the sale of its oil and gas assets in Texas to a subsidiary of MCM Energy Partners. The transaction is valued at $60.1 million, with proceeds going towards debt repayment, reinvestment activities, general corporate purposes, and liquidity management.
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