In this article, we are going to discuss the 11 best performing energy stocks so far in 2025.
The United States of America is currently producing more oil and gas than any other country ever. The country’s oil production has surged by almost 50% in the last ten years, reaching just over 13.45 million barrels per day in October 2024.
READ ALSO: 10 Best Liquefied Natural Gas (LNG) Stocks to Buy in 2025
That said, President Donald Trump’s tariffs on Canada and Mexico, due to take effect on Tuesday, will have serious consequences on the American economy which is highly dependent on imports of crude oil. Canada is the source of about 20% of oil used by Americans, while Canada and Mexico together account for 70% of US crude imports, so the upcoming tariffs could significantly raise gas prices for American consumers. Moreover, oil refiners in the Midwest depend heavily on Canadian crude and the said tariffs will force them to pay either more for their feedstock, or slash production, further squeezing an industry that already had a tough time last year.
President Trump wants to make America self-sufficient and independent when it comes to energy, but no matter how much oil the United States pumps, its refineries are configured to run heavier grades, such as those coming in from Mexico and Canada. Converting those refineries to process American light oil will require significant time and investments, making it an unlikely scenario.
The President has made repeated calls to American oil producers to ramp up their production, but it doesn’t seem to be going as planned, as companies appear reluctant to shell out the big bucks at a time when the global crude prices are in decline. The US Energy Information Administration stated in January that it expects Brent crude oil prices to fall 8% to average $74 a barrel in 2025, then fall further to $66 a barrel in 2026.
Things are looking much better for the country’s natural gas industry though, which has witnessed a surge in demand due to a sharp uptick in LNG exports, coupled with the ongoing AI data center boom. According to energy data provider Enverus, a total of 80 new gas power plants could be constructed in America by 2030, adding about 46 GW of new capacity – 20% higher than the gas capacity additions in the last five years. Moreover, growth is also expected to come from new LNG export facilities coming online soon, like Plaquemines LNG and Corpus Christi Stage 3, while the Golden Pass LNG project is also anticipated to begin operations by mid-2026. Having said that, Donald Trump has recently vowed to slap the EU with tariffs of 25%, and since the bloc remains the top destination for American LNG, the future of this industry isn’t clear either anymore.
The energy sector has outperformed the broader market so far this year, with gains of 1.31% against the general market’s surge of 0.41%. This comes after a disappointing 2024 when the energy sector lagged significantly behind gains of 25% by the wider market.
With that said, here are the Best Performing Energy Stocks So Far this Year.
A rig pumping oil in the midst of a sun-baked desert.
Methodology
To collect data for this article, we have referred to several stock screeners to find energy stocks that have surged the most YTD as of the close of February 28, 2025. The stocks are ranked according to their YTD gains. Following are the Best Performing Energy Stocks this Year So Far.
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11. Ecopetrol S.A. (NYSE:EC)
YTD Share Price Gains as of Feb. 28: 20.19%
Ecopetrol S.A. (NYSE:EC) is Colombia’s majority state-owned integrated energy company that operates through four segments: Exploration and Production; Transport and Logistics; Refining, Petrochemical and Biofuels; and Electric Power Transmission and Toll Roads Concessions.
Ecopetrol S.A. (NYSE:EC) increased its total production to 754,400 barrels of oil equivalent per day (boed) in Q3 2024, up 1.8% YoY. The company’s operations in the Permian basin have boosted its production significantly. In the first nine months of 2024, Ecopetrol’s oil and gas output in the Permian surged by 61.7% to 95,200 boed, even as the company’s production declined elsewhere. However, the company’s Q3 net profit fell by 28% YoY to $826.95 million, primarily due to a decrease in the value of the Colombian peso and weaker oil prices.
Ecopetrol S.A. (NYSE:EC) announced last month that it has reached an agreement to renew its oil joint venture with Occidental Petroleum in the Permian basin, allowing it to produce close to 90,000 boed. The company announced that after this agreement, it could be drilling about 91 development wells in the region, with an investment that exceeds $880 million.
In a significant development, Citi upgraded Ecopetrol S.A. (NYSE:EC) to Buy from Neutral last month, with a price target of $14, up from $9.
10. Texas Pacific Land Corporation (NYSE:TPL)
YTD Share Price Gains as of Feb. 28: 21%
Texas Pacific Land Corporation (NYSE:TPL), one of the largest landowners in Texas, owns and manages about 868,000 acres in the Permian Basin – the top oilfield in the US. The company generates most of its revenue through oil and gas royalties, and it’s also involved in water services and land leases.
Texas Pacific Land Corporation (NYSE:TPL) had a strong 2024, reporting a net income of almost $454 million for the full year, up 11.9% YoY. The company achieved record oil and gas production of approximately 26,800 barrels of oil equivalent per day (boed) and acquired over $400 million of high-quality Permian mineral, royalty, water and surface assets, providing it with additional growth levers and future cash flow sources. TPL generated free cash flow of $461.1 million in 2024 and returned $376 million to its shareholders in the form of dividends and share buybacks. The company announced a regular dividend of $1.60 per share this month, representing a YoY increase of 37%.
Texas Pacific Land Corporation (NYSE:TPL) hit the big leagues when it joined the broader market index in November 2024, replacing Marathon Oil. Shares of TPL surged by around 175% last year and continue to build on that momentum also in 2025.
Wedgewood Partners stated the following regarding Texas Pacific Land Corporation (NYSE:TPL) in its Q4 2024 investor letter:
“Texas Pacific Land Corporation (NYSE:TPL) was a top contributor to performance during both the quarter and the year. Texas Pacific Land continues to be an extraordinarily unique and profitable business. The Company owns over 800,000 surface acres of land in the Texas Permian Basin. The vast majority of this land was acquired in the year 1888 and more recently (i.e. the last 15 years) this land became highly productive oil and gas royalty acreage thanks to modern drilling and completion techniques and technologies. Despite all of these deserved accolades, we liquidated our positions after the stock rallied quite sharply upon being consecutively added to two major stock indexes over the past seven months. The earnings power of the Company has not substantially changed over the past seven months (for better or worse). However, passive indexes and the traders and managers that closely follow and benchmark against those indexes effectively tripled their appraisal of the Company’s corporate value, while that value never changed. We will continue to monitor Texas Pacific Land from the sidelines and would hope to invest in them again, perhaps after the market’s “animal spirits” subside.”
9. Cheniere Energy Partners, L.P. (NYSE:CQP)
YTD Share Price Gains as of Feb. 28: 21.67%
Cheniere Energy Partners, L.P. (NYSE:CQP) provides clean, secure, and affordable LNG to integrated energy companies, utilities and energy trading companies around the world. The company owns the Sabine Pass LNG terminal in Louisiana, with a total production capacity of approximately 30 million tons per annum (mtpa) of LNG. As of October 25, 2024, approximately 2,700 cumulative LNG cargoes totaling over 185 million tons of LNG had been produced, loaded, and exported from the SPL Project.
Cheniere Energy Partners, L.P. (NYSE:CQP) reported a revenue of $2.1 billion in Q3 2024, with a net income of $635 million. The company ended the quarter with approximately $2.2 billion in liquidity, including cash and cash equivalents of around $331 million. CQP also declared a quarterly dividend of $0.82 per share, comprising a base amount of $0.775 and a variable amount equal to $0.045.
Cheniere Energy Partners, L.P. (NYSE:CQP) exported 1,166 TBtu of LNG in the first nine months of 2024, up 4% YoY. The company’s LNG export business is set to benefit significantly after President Trump lifted the moratorium on new US licenses to export liquefied natural gas, making good on a campaign pledge to rescind the measure.
Cheniere Energy Partners, L.P. (NYSE:CQP) was also included in our list of the 15 Oil and Gas Stocks that are Skyrocketing So Far in 2025.