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Power, midstream giants retain top spots in ranking by market cap in Q3

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Power, midstream giants retain top spots in ranking by market cap in Q3

NextEra Energy Inc., Duke Energy Corp. and Enterprise Products Partners LP retained their first, second and third spots, respectively, on the list of top 20 SNL-covered, U.S.-headquartered energy companies by market capitalization at the end of the third quarter of 2017.

Of the total, only eight energy companies saw a change in their rankings compared to the second quarter of 2017 with six companies experiencing declines in their market cap and 14 companies recording gains during the period ended Sept. 30, according to S&P Global Market Intelligence data.

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NextEra saw a 4.6% quarter-over-quarter increase in its market cap to $68.77 billion, Duke Energy's market cap improved 0.4% to $58.74 billion and Enterprise recorded a 3.7% quarter-over-quarter drop in its market cap to $56.02 billion.

Public Service Enterprise Group Inc. saw the biggest gain in its market cap of 7.7% to $23.40 billion, improving its ranking by one spot to 17th position. Whereas, Energy Transfer Partners LP recorded the steepest drop in its market cap during the third quarter and slipped to the 18th position with a market cap of $21.13 billion.

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