Utilities companies with the highest free cash flow

Free cash flow is operating cash flow minus capital expenditure: what is left once the company has paid to maintain and expand its asset base. We calculate it from two lines in the same filing, and a company is only ranked here if it reported both. 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 1–47 of 47 · Fiscal year 2025 · Data as of September 25, 2026

Energy Transfer (ET) tops the list with $3.8B in free cash flow for fiscal 2025, ahead of American Electric Power ($3.5B) and Enterprise Products Partners ($3.0B). The top 10 together report $27.4B in free cash flow; the gap between #1 and #10 is ×2.57. 47 companies in Utilities report free cash flow, 2.3% of the 2084-filer universe. The last place on the list, Brookfield Infrastructure, comes in at $2.0M.

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<p style="max-width:680px;font:13px system-ui,sans-serif">Source: <a href="https://companiesranked.com/en/utilities-companies-with-the-highest-free-cash-flow">Utilities companies with the highest free cash flow</a> — CompaniesRanked, compiled from SEC EDGAR filings</p>

{{cite web |title=Utilities companies with the highest free cash flow |url=https://companiesranked.com/en/utilities-companies-with-the-highest-free-cash-flow |website=CompaniesRanked |date=2026-09-25 |language=en}}

CompaniesRanked. (September 25, 2026). Utilities companies with the highest free cash flow. CompaniesRanked. https://companiesranked.com/en/utilities-companies-with-the-highest-free-cash-flow

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  author       = {{CompaniesRanked}},
  title        = {{Utilities companies with the highest free cash flow}},
  year         = {2026},
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  note         = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
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Companies with the highest free cash flow →