Oil and gas producers with the highest free cash flow yield

Ranked

33

of 72 oil and gas producers we cover

Median

10.8%

Highest

36.6%

CRGY

Range

0.3% to 36.6%

#	Company	FCF yield	PE	Revenue growth (TTM)	Market cap
1	CRGYCrescent Energy	36.6%	n/m	+24.3%	$4.6B
2	MNRMach Natural Resources	35.4%	20.9×	+34.4%	$1.8B
3	MTDRMatador Resources	35.0%	10.3×	−3.6%	$7.4B
4	INRInfinity Natural Resources	32.3%	n/m	+75.4%	$909.5M
5	MURMurphy Oil	23.8%	22.0×	+8.2%	$6.4B
6	REPXRiley Exploration Permian	21.4%	9.8×	+23.2%	$1.1B
7	HESMHess Midstream	21.3%	10.6×	+2.8%	$3.9B
8	GRNTGranite Ridge Resources	20.2%	n/m	+14.6%	$772.9M
9	PRPermian Resources	18.6%	16.9×	+12.8%	$21.3B
10	VTSVitesse Energy	17.7%	n/m	+8.5%	$768.4M
11	ARANTERO RESOURCES	15.9%	11.5×	+25.8%	$12.3B
12	EOGEOG Resources	14.9%	12.7×	+19.1%	$85.5B
13	PNRGPrimeenergy Resources	14.3%	20.8×	−19.4%	$341.4M
14	FANGDiamondback Energy	12.7%	39.9×	+21.4%	$57.6B
15	EXEExpand Energy	12.4%	8.1×	+59.3%	$21.6B
16	OVVOvintiv	11.4%	20.5×	+6.0%	$19.9B
17	EQTEQT	10.8%	12.9×	+32.3%	$34.8B
18	PARRPAR Pacific	10.7%	4.5×	+13.2%	$3.9B
19	CNXCNX Resources	9.7%	5.8×	+61.9%	$5.4B
20	MGYMagnolia Oil & Gas	8.8%	11.5×	+11.4%	$6.2B
21	GPORGulfport Energy	8.5%	6.7×	+35.2%	$2.9B
22	DVNDevon Energy	8.3%	12.2×	+14.6%	$56.5B
23	OXYOccidental Petroleum	8.3%	9.9×	−13.0%	$64.1B
24	CRCCalifornia Resources	7.9%	n/m	−22.5%	$4.8B
25	SDSandridge Energy	7.8%	6.6×	+23.2%	$547.2M
26	MXCMexco Energy	7.3%	13.4×	−8.9%	$20.5M
27	RRCRange Resources	6.8%	12.6×	+23.2%	$10.6B
28	BSMBlack Stone Minerals	6.5%	12.4×	+5.1%	$3.2B
29	COPConocoPhillips	5.6%	19.9×	+9.6%	$181.2B
30	AMPYAmplify Energy	3.6%	9.6×	−23.7%	$190.3M
31	LBLandBridge Co LLC	2.5%	79.9×	+44.1%	$6.1B
32	TPLTexas Pacific Land	2.3%	43.1×	+20.8%	$23.3B
33	EPMEvolution Petroleum	0.3%	n/m	+0.6%	$157.9M

Not ranked: 15 with not a meaningful number, 10 with no positive free cash flow, 3 with a yield above 40% (usually a one-off). 11 companies whose data behind this number has a caveat are left out until it is checked.

A ranking of numbers, not a recommendation. A low multiple can be a bargain or a business in trouble: open the company to see which.