This report analyzes the disruptive themes that have driven M&A activity in Q3 2025 in the Energy Sector.
The global energy market in Q3 2025 witnessed deals worth $152 billion, a growth of 62% compared to Q3 2024. The sector recorded deal value worth $117 billion mega-deals (defined as any deal valued at more than $1 billion), an increase of 78% compared to Q3 2024.
The global energy market in Q3 2025 witnessed deals worth $152 billion, a growth of 62% compared to Q3 2024. The sector recorded deal value worth $117 billion mega-deals (defined as any deal valued at more than $1 billion), an increase of 78% compared to Q3 2024.
Report Scope
- This report provides an overview of merger and acquisition activity globally in Q3 2025 in the Energy Sector
- It identifies the themes driving most notable to deals announced in Q3 2025 in the Energy Sector
Reasons to Buy
- Companies who invest in the right themes become success stories; those who miss the big themes end up as failures. If you want to understand the themes that drive an industry, simply look at the list of recent mergers and acquisitions (M&A).
- In this report we have listed down the most notable deals in energy sector to make it easy for our clients to get a view of themes disrupting the sector and prepare for the future.
Table of Contents
- Executive Summary
- Review of the Consumer M&A Market - Q3 2025
- Consumer M&A Deals Analysis by Geography - Q3 2025
- Further Reading
- Report Authors
- Appendix 1: Deal Selection Criteria
- Appendix 2: Thematic Research Methodology
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Canada Pension Plan Investment Board
- KKR Financial Holdings LLC;
- Baker Hughes Co
- Tango Merger Sub Corp.
- Jizhong Energy Resources Co Ltd
- Black Hills
- Project Aurora Bidco Ltd
- Schneider Electric SE
- Brookfield Oaktree Holdings LLC
- Cenovus Energy Inc
- PetroChina Co Ltd
- F2i Fondi Italiani per le infrastrutture SGR SpA
- Sixth Street Partners
- Cox ABG Group SA
- Talen Energy Corp
- Crescent Energy Co
- Abu Dhabi Future Energy Co
- Canada Pension Plan Investment Board
- Sumant Sinha
- Spire Inc
- MPLX LP
- Iberdrola SA
- Garden Bidco Ltd
- Western Midstream Partners LP
- Plains All American Pipeline LP
- Plains GP Holdings LP
- Sempra Infrastructure Partners LP
- Chart Industries Inc
- Beijing Jingneng Xilin Gol Energy Co Ltd
- NorthWestern Energy Group
- Spectris Plc
- Schneider Electric India Pvt Ltd
- Duke Energy Florida LLC
- MEG Energy Corp
- Chongqing Xiangguosi Storage Co., Ltd
- Liaohe Oilfield (Panjin) Gas Storage Co Ltd
- Xinjiang Oilfield Gas Storage Co., Ltd
- Sorgenia SpA
- Iberdrola Mexico SA de CV
- Moxie Freedom Energy Center
- Guernsey Power Station
- Vital Energy Inc.
- ReNew Energy Global PLC
- Piedmont Natural Gas Company
- Northwind Midstream Partners LLC
- Neoenergia SA
- National Grid Grain LNG Ltd
- Thamesport Interchange Limited
- Aris Water Solutions Inc
- EPIC Crude Holdings, LP
