Houlihan Lokey Tops Q1 2026 Oil & Gas M&A Volume with Four Deals

HLIHLI

Houlihan Lokey advised on four oil and gas M&A transactions in Q1 2026, matching Evercore for the highest deal volume. This volume performance places Houlihan Lokey above Goldman Sachs (three deals) in M&A advisory counts, reflecting robust deal flow.

1. Volume Leadership in Q1 2026

Houlihan Lokey advised on four oil and gas M&A transactions in the first quarter of 2026, tying with Evercore for the highest deal count among advisory firms.

2. Comparison with Industry Peers

Evercore and Houlihan Lokey led by volume with four deals each, while Goldman Sachs ranked third with three transactions; Barclays and Jefferies also managed three deals each.

3. Deal Value Context

Despite top volume, Houlihan Lokey did not feature among the top advisers by total deal value, where Goldman Sachs led with $64.7 billion, followed by Evercore at $64.4 billion and JPMorgan at $58.5 billion.

4. Implications for Houlihan Lokey

Strong deal flow in the energy sector highlights Houlihan Lokey’s advisory capabilities and could bolster its fee revenues and competitive standing in oil and gas M&A.

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