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In making investment decision, investors anticipate returns that are line with their overall financial objectives and level of risk. To mitigate the risk, investors must consider the company’s performance by analyzing financial reports. This research used economic value added and operating cash flow to analyze financial reports, also used environmental, social, and governance factors to consider the company’s performance since the energy sector is closely related to environmental, social, and governance. This research used secondary data derived from financial and sustainability reports. The population in this research are energy companies that listed on Indonesian Stock Exchange during the period of 2021-2023 with a total population of 87 companies. This research used purposive sampling method and the sample was 49 companies. The results of this research showed that Economic Value Added and Environmental, Social, Governance has no impact on Stock Returns. Operating Cash Flow has a positive impact on Stock Returns. For the further research, its recommended to increase samples and period of the research, adding other variables or using different measurement methods, and also provide environmental, social, governance factors more detailed.