Utilities companies with the highest income tax expense
Income tax expense is the tax a company charged against profit in its income statement for the year. It is not the same as the cash it handed to tax authorities: deferred tax, provisions and timing differences separate the two, often by billions. The cash figure is a different line in the cash-flow statement. 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.
Cheniere Energy (LNG) tops the list with $1.5B in income tax expense for fiscal 2025, ahead of Edison International ($1.3B) and Constellation Energy ($1.2B). The top 10 together report $9.7B in income tax expense; the gap between #1 and #10 is ×2.12. 84 companies in Utilities report income tax expense, 3.6% of the 2320-filer universe. The last place on the list, Quest Resource, comes in at $16,000.
All figures from SEC filings · FY2025 · 84
see sources
- Cheniere Energy 0000003570-26-000005
- Edison International 0000827052-26-000012
- Constellation Energy 0001868275-26-000032
- Oneok 0001039684-26-000006
- Williams Companies 0000107263-26-000006
- Kinder Morgan 0001506307-26-000011
- Southern 0000092122-26-000006
- TC Energy 0001232384-26-000015
- Waste Management 0001104659-26-012049
- Sempra 0001032208-26-000010
- Duke Energy 0001326160-26-000014
- Venture Global 0002007855-26-000013
- Consolidated Edison 0001047862-26-000031
- Dominion Energy 0001193125-26-063120
- Targa Resources 0001193125-26-059296
- Exelon 0001109357-26-000018
- Entergy 0000065984-26-000174
- Republic Services 0001060391-26-000094
- Brookfield Infrastructure 0001788348-26-000001
- Energy Transfer 0001276187-26-000013
- Waste Connections 0001104659-26-013700
- Essential Utilities 0001193125-26-124163
- American Water Works 0001410636-26-000034
- PPL 0000922224-26-000008
- Firstenergy 0001031296-26-000046
- Fortis 0001666175-26-000013
- Atmos Energy 0000731802-25-000056
- NRG Energy 0001013871-26-000004
- Public Service Enterprise 0001193125-26-077446
- CMS Energy 0000811156-26-000004
- NiSource 0001111711-26-000027
- CenterPoint Energy 0001130310-26-000008
- Vistra 0001692819-26-000006
- National Fuel Gas 0000070145-25-000039
- Hydro One 0001628280-26-008009
- Antero Midstream 0001104659-26-013380
- DT Midstream 0001842022-26-000003
- Eversource Energy 0001628280-26-008461
- Clean Harbors 0000822818-26-000009
- Ameren 0001002910-26-000009
- American Electric Power 0000004904-26-000013
- Wec Energy 0000783325-26-000018
- Wisconsin Electric Power 0000107815-26-000003
- Pinnacle West Capital 0000764622-26-000011
- Archrock 0001389050-26-000009
- New Jersey Resources 0000356309-25-000093
- Oge Energy 0001193125-26-055414
- Algonquin Power & Utilities 0001174169-26-000015
- New Fortress Energy 0001749723-26-000032
- Spire 0001193125-25-282583
- Emera 0001193125-26-062876
- Clearway Energy 0001628280-26-010952
- Portland General Electric 0001193125-26-052750
- Talen Energy 0001622536-26-000017
- Chesapeake Utilities 0001628280-26-011753
- Kinetik Holdings 0001692787-26-000048
- Otter Tail 0001466593-26-000015
- Enlight Renewable Energy 0001178913-26-001828
- Black Hills 0001193125-26-046028
- Northwest Natural 0001733998-26-000012
- Hawaiian Electric Industries 0000354707-26-000008
- American States Water 0001628280-26-009114
- Kodiak Gas Services 0001767042-26-000012
- Evergy 0001711269-26-000017
- Kenon Holdings 0001178913-26-001842
- Excelerate Energy 0001193125-26-078407
- Avista 0001193125-26-067872
- Enterprise Products Partners 0001061219-26-000006
- California Water Service 0001628280-26-012444
- Ugi 0000884614-25-000053
- Unitil 0001193125-26-042983
- Western Midstream Partners 0001423902-26-000030
- H2o America 0001628280-26-012438
- Transalta 0001144800-26-000015
- Via Renewables 0001606268-26-000013
- TXNM Energy 0001108426-26-000006
- Genie Energy 0001437749-26-014294
- Northwestern Energy 0001993004-26-000006
- Casella Waste Systems 0000911177-26-000008
- USA Compression Partners 0001522727-26-000015
- Middlesex Water 0001628280-26-009777
- Consolidated Water 0001104659-26-028587
- Hallador Energy 0001104659-26-027174
- Quest Resource 0001193125-26-104675
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CompaniesRanked. (September 25, 2026). Utilities companies with the highest income tax expense. CompaniesRanked. https://companiesranked.com/en/utilities-companies-with-the-highest-income-tax-expenseBibTeX
@misc{companiesranked-en-utilities-companies-with-the-highest-income-tax-expense-2026,
author = {{CompaniesRanked}},
title = {{Utilities companies with the highest income tax expense}},
year = {2026},
howpublished = {\url{https://companiesranked.com/en/utilities-companies-with-the-highest-income-tax-expense}},
note = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
urldate = {2026-09-25}
}The figures are rebuilt with every data refresh, so the reference carries the publication date. Add your own access date if your style requires one.
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