Alternatives
shutterstock_2364977019.jpg

July 2, 2017

Refining | 2017 Issue II

Refining Overview

Over the last six months of fiscal 2017, changes in the oil & gas market led to increasing refinery revenues and the expansion of margins. Earnings in the refining industry increased in fiscal 2017 as refined product prices increased, the crack spread widened, and volumes sold increased as demand rose.  With recent gains in the industry and the effect of the Tax Cuts and Jobs Act of 2017, refiners should sail steadily through 2018.   However, the future impact of many regulations surrounding the oil & gas industry is still uncertain.

The data presented in this newsletter includes the most recently available information as of February 28, 2018.  This includes public company earnings metrics as of December 31, 2017 and information from the EIA as was available.  

Download the full newsletter

Download
Download the newsletter

Continue Reading

The Pendulum Is Swinging: Reserve Life Matters Again
The Pendulum Is Swinging: Reserve Life Matters Again
Reserve life and inventory quality are becoming increasingly important valuation drivers as the shale industry matures and premium drilling locations become scarcer. Investors are placing greater emphasis on the sustainability and duration of future cash flows, rewarding companies with long-term, high-quality development opportunities.
Takeaways from the 2026 Hart Energy Capital Conference: Capital Returns, Natural Gas Grows, and Scarcity Persists
Takeaways from the 2026 Hart Energy Capital Conference

Capital Returns, Natural Gas Grows, and Scarcity Persists

Hart Energy's 2026 Energy Capital Conference brought together operators, investors, lenders, and advisors to discuss the forces shaping capital allocation across the energy sector. While topics ranged from LNG exports and data center power demand to asset-backed securitizations (“ABS”) and private equity continuation vehicles, four themes consistently emerged throughout the day.
Mineral Aggregator Valuation Multiples Study Released-Data as of June 3, 2026
Mineral Aggregator Valuation Multiples Study Released

With Market Data as of June 3, 2026

Mercer Capital has thoughtfully analyzed the corporate and capital structures of the publicly traded mineral aggregators to derive meaningful indications of enterprise value. We have also calculated valuation multiples based on a variety of metrics, including distributions and reserves, as well as earnings and production on both a historical and forward-looking basis.

Cart

Your cart is empty