Top energy mergers and acquisitions in January 2026
Every verified merger and acquisition in the energy sector in this period, ranked by disclosed value. Updated every morning.
We tracked 5 deals in the energy sector in January 2026, 3 of them with a disclosed value, worth $15bn in total. The largest was Mitsubishi Corporation's $7.5bn deal for Aethon III LLC and Aethon United LP (Haynesville business), ahead of Vistra Corp. and Cogentrix Energy at $4bn.
Top energy mergers and acquisitions in January 2026
- 116 JanMitsubishi Corporation → Aethon III LLC and Aethon United LP (Haynesville business)Mitsubishi agrees US$7.5bn Haynesville gas deal with AethonEnergy / Shale gasCompleted$7.5bn
- 25 JanVistra Corp. → Cogentrix EnergyVistra agrees US$4bn deal for Cogentrix gas fleetEnergy / Power generationIn review$4bn
- 315 JanTalen Energy Corporation → Cornerstone Generation (Waterford, Darby and Lawrenceburg plants)Talen agrees US$3.45bn deal for ECP's Ohio and Indiana gas plantsEnergy / Power generationCompleted$3.5bn
- 429 JanThe Carlyle Group → LUKOIL International GmbHCarlyle's deal for Lukoil's foreign assets lapses without US approvalEnergy / Oil and gasTerminatedUndisclosed
- 519 JanMOL Group → NIS (Naftna Industrija Srbije) - 56.15% stakeMOL signs binding outline deal for Gazprom Neft's NIS stakeEnergy / Oil refining and fuel retailIn talksUndisclosed