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2874 companies · fiscal year 2025 · SEC EDGAR · September 25, 2026

Most profitable utilities companies

Net income is profit after tax and all expenses, as reported in the annual filing. Companies reporting a loss are excluded from this ranking. Figures are for fiscal year 2025 and are read directly from each company's SEC filings; the source column on every row links to the document.

Ranks 1–91 of 91 · Fiscal year 2025 · Data as of September 25, 2026

NextEra Energy (NEE) tops the list with $6.8B in net income for fiscal 2025, ahead of Cheniere Energy ($6.8B) and Enterprise Products Partners ($5.8B). The top 10 together report $47.8B in net income; the gap between #1 and #10 is ×2.24. 91 companies in Utilities report net income, 4.4% of the 2058-filer universe. The last place on the list, Montauk Renewables, comes in at $1.7M.

Net income
#CompanyNet incomeYoY15-year trend
1NextEra EnergyNEEUS$6.8B−1.6%
2Cheniere EnergyLNGUS$6.8B+51.2%
3Enterprise Products PartnersEPDUS$5.8B−1.5%
4Duke EnergyDUKUS$5.0B+9.8%
5Edison InternationalEIXUS$4.5B+247.3%
6Energy TransferETUS$4.4B−7.9%
7SouthernSOUS$4.3B−1.4%
8American Electric PowerAEPUS$3.7B+24.2%
9OneokOKEUS$3.4B+11.8%
10Kinder MorganKMIUS$3.1B+17.0%
11Dominion EnergyDUS$3.0B+47.4%
12Cheniere Energy PartnersCQPUS$3.0B+19.0%
13ExelonEXCUS$2.8B+12.5%
14GFL EnvironmentalGFLUS$2.7B+$3.3B
15Venture GlobalVGUS$2.7B+56.5%
16Waste ManagementWMUS$2.7B−1.4%
17Williams CompaniesWMBUS$2.6B+17.7%
18Pg&EPCGUS$2.6B+4.8%
19TC EnergyTRPCA$2.5B−26.6%
20Constellation EnergyCEGUS$2.3B−38.1%
21Republic ServicesRSGUS$2.1B+4.7%
22Public Service EnterprisePEGUS$2.1B+19.1%
23Targa ResourcesTRGPUS$1.9B+46.6%
24SempraSREUS$1.8B−35.8%
25EntergyETRUS$1.8B+67.1%
26Eversource EnergyESUS$1.7B+107.5%
27Wec EnergyWECUS$1.6B+2.0%
28AmerenAEEUS$1.5B+23.1%
29FortisFTSCA$1.4B+5.1%
30Atmos EnergyATOUS$1.2B+14.9%
31PPLPPLUS$1.2B+33.0%
32Western Midstream PartnersWESUS$1.2B−24.9%
33Essential UtilitiesWTRGUS$1.1B+5.7%
34American Water WorksAWKUS$1.1B+5.7%
35Waste ConnectionsWCNCA$1.1B+74.3%
36CMS EnergyCMSUS$1.1B+6.8%
37CenterPoint EnergyCNPUS$1.1B+3.2%
38FirstenergyFEUS$1.0B+4.3%
39Hydro OneHRNNFCA$966M+13.5%
40VistraVSTUS$944M−64.5%
41NiSourceNIUS$930M+22.2%
42AesAESUS$910M−45.8%
43NRG EnergyNRGUS$864M−23.2%
44EvergyEVRGUS$856M−2.0%
45Alliant EnergyLNTUS$810M+17.4%
46EmeraEMACA$780M+88.1%
47UgiUGIUS$678M+152.0%
48Pinnacle West CapitalPNWUS$632M+0.9%
49Wisconsin Electric PowerWELPPUS$627M+22.1%
50Kinetik HoldingsKNTKUS$526M+115.3%
51National Fuel GasNFGUS$519M+568.9%
52Oge EnergyOGEUS$471M+6.6%
53DT MidstreamDTMUS$441M+24.6%
54Antero MidstreamAMUS$418M+4.2%
55Clean HarborsCLHUS$391M−2.8%
56New Jersey ResourcesNJRUS$336M+15.8%
57IdacorpIDAUS$323M+11.9%
58ArchrockAROCUS$322M+87.1%
59Portland General ElectricPORUS$306M−2.2%
60Black HillsBKHUS$292M+6.8%
61Otter TailOTTRUS$276M−8.5%
62SpireSRUS$272M+8.3%
63AvistaAVAUS$193M+7.2%
64Northwestern EnergyNWEUS$181M−19.2%
65Algonquin Power & UtilitiesAQNCA$181M+$1.6B
66TXNM EnergyTXNMUS$170M−34.4%
67Clearway EnergyCWENUS$169M+92.0%
68Excelerate EnergyEEUS$167M+9.1%
69Chesapeake UtilitiesCPKUS$140M+18.3%
70Enlight Renewable EnergyENLTIL$132M+198.8%
71American States WaterAWRUS$130M+9.4%
72California Water ServiceCWTUS$128M−33.0%
73Ormat TechnologiesORAUS$127M−3.2%
74Hawaiian Electric IndustriesHEUS$123M+$1.5B
75Northwest NaturalNWNUS$113M+43.7%
76USA Compression PartnersUSACUS$111M+11.8%
77H2o AmericaHTOUS$103M+9.2%
78Kodiak Gas ServicesKGSUS$80.5M+61.4%
79Kenon HoldingsKENSG$66.3M−88.9%
80UnitilUTLUS$50.2M+6.6%
81Middlesex WaterMSEXUS$42.8M−3.6%
82Hallador EnergyHNRGUS$41.9M+$268M
83Opal FuelsOPALUS$36.4M+154.2%
84Genie EnergyGNEUS$23.7M−32.7%
85Centuri HoldingsCTRIUS$22.4M+$29.1M
86Via RenewablesVIASPUS$19.2M−32.2%
87Consolidated WaterCWCOKY$18.3M−35.1%
88Casella Waste SystemsCWSTUS$7.9M−41.9%
89Summit MidstreamSMCUS$3.0M+$116M
90Consolidated EdisonEDUS$2.0M+11.2%
91Montauk RenewablesMNTKUS$1.7M−82.0%

All figures from SEC filings · FY2025 · 91

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{{cite web |title=Most profitable utilities companies |url=https://companiesranked.com/en/most-profitable-utilities-companies |website=CompaniesRanked |date=2026-09-25 |language=en}}

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@misc{companiesranked-en-most-profitable-utilities-companies-2026,
  author       = {{CompaniesRanked}},
  title        = {{Most profitable utilities companies}},
  year         = {2026},
  howpublished = {\url{https://companiesranked.com/en/most-profitable-utilities-companies}},
  note         = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
  urldate      = {2026-09-25}
}

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