Top energy mergers and acquisitions in July 2026
Every verified merger and acquisition in the energy sector in this period, ranked by disclosed value. Updated every morning.
We tracked 10 deals in the energy sector in July 2026, 8 of them with a disclosed value, worth $22.9bn in total. The largest was Energy Capital Partners and KKR (Dragon Bidco)'s $7.7bn deal for DCC Energy plc, ahead of Iberdrola SA and Caruna at $5.7bn.
Top energy mergers and acquisitions in July 2026
- 127 JulEnergy Capital Partners and KKR (Dragon Bidco) → DCC Energy plcKKR and ECP agree £5.75bn take-private of DCC EnergyEnergy / Energy distributionAgreed$7.7bn
- 221 JulIberdrola SA → CarunaIberdrola buys 80% of Finland's Caruna at €5bn valuationEnergy / Electricity distributionAgreed$5.7bn
- 320 JulMagnolia Oil & Gas Corporation → WildFire EnergyMagnolia completes US$4.06bn WildFire Energy dealEnergy / Oil and gasCompleted$4.1bn
- 413 JulAditya Birla Renewables Limited (Grasim Industries) → Sprng Energy (Solenergi Power Private Limited)Aditya Birla Renewables agrees US$1.8bn deal for Shell's Sprng EnergyEnergy / Renewable powerAgreed$1.8bn
- 523 JulMatador Resources Company → Paloma Permian LLCMatador completes US$1.3bn Paloma Permian purchaseEnergy / Oil and gasCompleted$1.3bn
- 627 JulExpand Energy Corporation → Twin Eagle Holdings, N.A., LLCExpand Energy completes US$1.25bn Twin Eagle dealEnergy / Gas marketingCompleted$1.3bn
- 77 JulADNOC Distribution → Shell Downstream South AfricaADNOC Distribution agrees US$1bn deal for Shell's South African fuel networkEnergy / Fuel retailAgreed$1bn
- 826 JulSerica Energy plc → Pharos Energy plcSerica bids £146m for Pharos Energy, then walks awayEnergy / Oil and gas exploration and productionTerminated$194m
- 923 JulEnilive (Eni) → OIL! Tankstellen GmbHEnilive agrees to buy OIL! service stations from PraxEnergy / Fuel retailAgreedUndisclosed
- 1021 JulVår Energi ASA → BlueNord ASAVår Energi agrees to merge with BlueNordEnergy / Oil and gasAgreedUndisclosed