01/15/2026
Energy underperformed the broader market in 2025 — but the reason matters more than the return.
In this analysis, Robert Rapier outlines the Energy Stocks 2025 Lessons investors should understand, including why refiners and midstream outperformed while upstream producers lagged.
A must-read for anyone allocating capital across the energy value chain.
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Energy Stocks 2025 Lessons show why business models, not oil prices alone, drove returns across refiners, midstream, and producers