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Size EnQuest (ENQ.L) is a United Kingdom Energy company (Oil & Gas Production) with a market value of $671M, the 263rd largest of 363 United Kingdom companies the cockpit tracks. Shares closed at £26.80 on 6 Nov 2026.
Performance Over six months the shares gained 40.0%, against -16.9% for the median peer and +3.6% for the United Kingdom market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue grew 3.3% over the last twelve months (peer median +5.7%); the operating margin is 16.6% (peer median 16.1%).
Valuation It trades at 8.9× forward earnings against a peer median of 9.0× (10th cheapest of 19).
Price implies For today's price to make sense, revenue must grow about -9% a year for seven years (Req g). Recent delivered growth is +4%, so the hurdle is -13 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 4.1 points above its cost of capital (7.0% WACC).
Credit EnQuest has 2 bonds outstanding ($1.35B), rated B+ by the agencies and trading like B at a weighted spread of 380 bp.
Next results Next results expected around 1 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | £884M | £808M | £932M | £1.18B | £1.66B |
| Revenue growth | — | -13% | -21% | -29% | — |
| Gross profit | £160M | £101M | £295M | £399M | £673M |
| EBITDA | £375M | £326M | £522M | £630M | £991M |
| Net income | £101M | £1.19M | £73.4M | -£24.8M | -£33.5M |
| Free cash flow | £124M | £70.1M | £145M | £412M | £586M |
| Capital expenditure | £128M | £136M | £198M | £123M | £95.0M |
| Total debt | n/a | £803M | £799M | £939M | £1.23B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ENQ.L | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -6.0% | -11.0% | 6th highest of 21 |
| 6-month return | +40.0% | -16.9% | highest of 21 |
| Distance from 52-week high | -18.5% | -29.9% | 2nd highest of 21 |
| Revenue growth (TTM) | +3.3% | +5.7% | 10th lowest of 20 |
| Operating margin | 16.6% | 16.1% | 10th highest of 20 |
| Forward P/E | 8.9× | 9.0× | 10th cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | -9.1% | 1.7% | 5th least demanding of 13 |
| Growth delivered (Del g) | +3.8% | +20.2% | 4th lowest of 12 |
| Hurdle (Req g minus delivered) | -12.8 pp | -19.8 pp | 6th most demanding of 12 |
| ROIC minus cost of capital | +4.1 pp | -0.7 pp | 6th highest of 19 |
| EV / EBITDA | 3.1× | 4.3× | 4th cheapest of 18 |
| Net debt / EBITDA | 1.7× | 1.1× | 6th most indebted of 19 |
| Bond spread | 380 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| EnQuest ENQ.L | United Kingdom | $671M | +40% | +3% | 17% | 8.9× | -9.1% | +3.8% |
| Obsidian Energy OBE.TO | Canada | $653M | -21% | -22% | 22% | 4.1× | n/a | n/a |
| Granite Ridge Resources GRNT | United States | $698M | +6% | +15% | 21% | 5.3× | n/a | n/a |
| Tong Petrotech 300164.SZ | China | $705M | -41% | -12% | -5% | n/a | n/a | n/a |
| Vitesse Energy VTS | United States | $623M | -17% | +11% | 12% | 42.9× | 13.4% | +21.5% |
| Surge Energy SGY.TO | Canada | $730M | +7% | +3% | 27% | 6.1× | -6.3% | +20.2% |
| GeoPark GPRK | United States | $613M | +1% | -5% | 24% | 9.8× | n/a | n/a |
| BW Offshore BWO.OL | Norway | $747M | -25% | -17% | 23% | 8.5× | 5.5% | -8.7% |
| Karoon Energy KAR.AX | Australia | $763M | -23% | -20% | 28% | 4.6× | -10.4% | +22.5% |
| VAALCO Energy EGY | United States | $566M | -4% | -25% | 9% | 18.9× | n/a | n/a |
| Gulf Keystone Petroleum GKP.L | United Kingdom | $557M | +1% | +6% | 8% | 9.5× | n/a | n/a |
| Diversified Energy DEC | United States | $899M | -19% | +109% | 15% | 2.1× | -0.5% | +32.3% |
| HighPeak Energy HPK | United States | $903M | +23% | -13% | 16% | 24.6× | n/a | n/a |
| Meren Energy MER.TO | Canada | $921M | -19% | +388% | 22% | 5.8× | -16.4% | n/a |
| Rockhopper Exploration RKH.L | United Kingdom | $937M | -18% | n/a | n/a | n/a | n/a | n/a |
| W&T Offshore WTI | United States | $479M | -17% | +20% | 5% | 498.4× | 3.9% | +7.7% |
| SandRidge Energy SD | United States | $463M | -13% | +30% | 42% | 5.9× | -12.8% | +7.0% |
| Valeura Energy VLE.TO | Canada | $1.07B | +11% | +6% | 17% | 9.9× | -17.3% | +141.2% |
| Cavvy Energy CVVY.TO | Canada | $413M | +29% | +43% | 4% | 8.1× | 11.0% | -3.3% |
| Core Laboratories CLB | United States | $405M | -33% | 0% | 7% | 13.8× | 11.0% | +1.6% |
| Tenaz Energy TNZ.TO | Canada | $1.13B | -21% | +381% | 16% | 11.9× | 17.7% | +103.4% |
EnQuest has 2 bonds outstanding with $1.35B face value. The agencies rate it B+; its bonds trade like B. Weighted yield 8.43%, a spread of 380 bp over government bonds.