Empowering growth in a dynamic energy landscape.
CFOs in the energy industry face distinctive challenges that demand strategic financial expertise and adaptability: optimizing costs, managing rising interest rates, and producing more energy at lower cost with fewer emissions. CFGI provides accounting advisory, business transformation, tax, and transaction support tailored to the energy sector.
Four pressures shaping the energy CFO agenda right now.
Energy and utilities CFOs are navigating a structural shift simultaneously from multiple directions: the energy transition, investor demands for better returns, rising cost of capital, and a regulatory environment that keeps expanding. The finance function has to be more adaptable than ever.
Cost optimization under margin pressure
Investors are demanding better returns while input costs remain volatile. CFOs are under pressure to improve margins without compromising the capital investment required to maintain and expand production capacity.
The energy transition is reshaping the balance sheet
Oil and gas companies are diversifying into renewables, retiring legacy assets, and financing new infrastructure at the same time. Each of these moves creates accounting complexity that has to be managed correctly from day one.
Rising interest rates change the financing calculus
Higher borrowing costs affect project economics, capital structure decisions, and the accounting for complex financing arrangements. Energy companies with significant long-term capital requirements feel this more acutely than most.
Audit readiness and IPO timelines are unforgiving
Whether preparing for a first audit, accessing public capital markets, or going through M&A due diligence, energy companies face compressed timelines where accounting gaps surface at the worst possible moment.
Four service areas tailored to the energy industry.
CFGI delivers specific expertise across accounting advisory, business transformation, tax, and transaction advisory, all calibrated to the unique financial and operational demands of energy and utilities companies.
Accounting Advisory
- Audit Readiness
- IPO Readiness
- General Consulting
- ASC 842 Lease Implementation
Business Transformation
- Financial Planning & Analysis
- Finance function modernization
- Operational reporting and analytics
- Technology and ERP advisory
Tax Services
- Quarterly tax provisions
- Tax accounting and compliance support
- Transaction tax advisory
- Energy tax credit and incentive analysis
Transaction Advisory
- Due Diligence
- Financial and accounting due diligence
- Sell-side preparation
- Post-close integration support
Invaluable insights. Practical guidance. Capital flexibility.
CFGI provides energy CFOs with the insights and practical guidance to make informed decisions, optimize financial strategies, and achieve accelerated investments in the dynamic energy business landscape.
Your strategic ally for energy sector growth.
- Sector-specific depthPractitioners with direct experience across oil and gas E&P, oilfield services, renewable energy, and gas utilities, covering the accounting and reporting issues unique to each.
- Audit and IPO readinessSenior teams who have guided energy companies through first-time audits, public market readiness, and SEC registration, from exploration-stage companies through large-scale production operations.
- Transaction advisory reachDue diligence, sell-side preparation, and post-close integration support for energy M&A, with practitioners who understand how asset-intensive balance sheets and complex contracts are read by buyers and their advisors.
- Big Four depth, boutique speedFormer Big Four professionals who move at the pace of energy deal timelines, without independence restrictions that would limit the scope of what they can do alongside management.
- No audit restrictionsCFGI is free from independence constraints, allowing us to work directly alongside management on the accounting and financial reporting that auditors and regulators will scrutinize.
Energy and utilities engagements across the full service spectrum.
CFGI has supported energy clients from oil and gas exploration through renewable energy and gas utilities, across audit readiness, IPO readiness, general consulting, and M&A due diligence.
Fundare Resources
Assisted Fundare Resources, an oil and gas exploration and production company, in achieving full audit readiness. Engaged the accounting advisory team to assess current-state financial reporting processes, close gaps in documentation and controls, and prepare the organization for its first formal audit.
Drilling Tools International
Provided IPO readiness services in the accounting advisory capacity for Drilling Tools International Holdings, Inc., an oilfield services company. Supported the company’s transition to public company reporting standards, including financial statement preparation, SEC registration support, and disclosure readiness.
Greenbacker Renewable Energy
Delivered general consulting services in the accounting advisory capacity to Greenbacker Renewable Energy Company LLC, a renewable energy company. Provided senior accounting advisory support across financial reporting, technical accounting matters, and operational finance in the renewable energy sector.
Meritus Gas
Conducted financial and accounting due diligence under the Transaction Advisory Services platform for Meritus Gas, a gas utilities company. Assessed the financial statements, accounting policies, and reporting quality of the target as part of an M&A transaction process.
Talk to CFGI’s Energy & Utilities leaders.
Ready to navigate the energy landscape with CFGI?
From audit readiness and IPO support through tax provisions and M&A due diligence. Same senior energy practitioners, sized to the engagement.