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| Company | Headquarters | Sector | Stock Price | Enterprise Value | EV/Revenue | EV/EBITDA |
|---|---|---|---|---|---|---|
| NextEra Energy | United States of America | Utilities, Energy Exploration & Generation | $93 | $286B | 10.1x | 17.7x |
| Duke Energy | United States of America | Utilities | $132 | $194B | 6.1x | 12.8x |
| Southern Company | United States of America | Utilities | $97 | $181B | 6.4x | 13.9x |
| Constellation Energy | United States of America | Utilities, Energy Exploration & Generation | $327 | $124B | 5.2x | 23.8x |
| American Electric Power | United States of America | Utilities | $133 | $121B | 5.7x | 13.8x |
| Dominion Energy | United States of America | Utilities | $63 | $105B | 6.6x | 14.0x |
| PG&E | United States of America | Utilities | $19 | $104B | 4.1x | 10.2x |
| Exelon | United States of America | Utilities | $49 | $99.7B | 4.1x | 11.4x |
| Sempra | United States of America | Energy Services, Utilities | $96 | $95.2B | 6.6x | 16.0x |
| Xcel Energy | United States of America | Utilities | $84 | $84.0B | 5.7x | 14.0x |
| Entergy | United States of America | Utilities | $107 | $77.3B | 6.0x | 13.6x |
| Vistra | United States of America | Energy Exploration & Generation, Nuclear, Solar, Energy Storage, Utilities | $166 | $75.6B | 3.9x | 12.9x |
| Edison International | United States of America | Utilities | $74 | $70.5B | 3.8x | 8.0x |
| Consolidated Edison | United States of America | Utilities | $112 | $67.2B | 4.1x | 12.0x |
| PSEG | United States of America | Utilities | $85 | $65.4B | 5.5x | 14.0x |
| WEC Energy Group | United States of America | Utilities | $117 | $60.3B | 6.5x | 15.0x |
| Eversource Energy | United States of America | Utilities | $74 | $57.9B | 4.5x | 11.6x |
| DTE Energy | United States of America | Utilities | $148 | $56.8B | 4.1x | 13.2x |
| FirstEnergy | United States of America | Utilities | $51 | $56.0B | 3.9x | 12.2x |
| Ameren | United States of America | Utilities | $113 | $51.0B | 6.1x | 13.7x |
| CenterPoint Energy | United States of America | Utilities | $43 | $50.7B | 5.6x | 13.7x |
| NRG Energy | United States of America | Utilities, Energy Services, Energy Exploration & Generation | $176 | $50.3B | 1.7x | 12.4x |
| PPL Corp. | United States of America | Utilities | $39 | $47.4B | 5.4x | 13.0x |
| Cheniere Energy Partners | United States of America | Utilities, Fossil Fuels | $61 | $44.3B | 4.2x | 12.3x |
| CMS Energy | United States of America | Utilities | $78 | $42.5B | 5.2x | 13.8x |
| American Water Works Co | United States of America | Utilities, Water | $135 | $42.3B | 8.4x | 14.9x |
| Atmos Energy | United States of America | Utilities, Energy Services | $187 | $40.2B | 8.2x | 16.8x |
| AES | United States of America | Utilities, Energy Exploration & Generation | $14 | $39.2B | 3.3x | 14.1x |
| NiSource | United States of America | Utilities, Energy Services | $47 | $38.6B | 6.3x | 13.3x |
| Evergy | United States of America | Utilities | $84 | $34.5B | 5.7x | 12.7x |
| Alliant Energy | United States of America | Utilities | $72 | $30.2B | 7.4x | 16.0x |
| Pinnacle West Capital | United States of America | Utilities | $101 | $26.2B | 4.9x | 13.1x |
| Essential Utilities | United States of America | Utilities, Water, Energy Services | $40 | $19.6B | 8.3x | 15.7x |
| Talen Energy | United States of America | Energy Exploration & Generation, Utilities | $353 | $18.6B | 7.9x | 19.1x |
| OGE Energy | United States of America | Utilities | $49 | $15.8B | 5.0x | 11.4x |
| Nextpower | United States of America | Solar, Energy & Utilities Software | $106 | $15.3B | 4.6x | 19.2x |
| UGI | United States of America | Utilities, Water | $38 | $15.0B | 2.0x | N/A |
| Clearway Energy | United States of America | Utilities | $37 | $13.7B | 9.7x | 11.1x |
| TXNM Energy | United States of America | Utilities | $59 | $12.1B | 5.6x | 12.8x |
| Portland General Electric | United States of America | Utilities | $54 | $11.1B | 3.1x | 9.5x |
| Idacorp | United States of America | Utilities | $143 | $11.1B | 5.8x | 17.6x |
| Spire | United States of America | Energy Services, Utilities | $92 | $11.0B | 4.3x | 12.8x |
| Black Hills | United States of America | Utilities, Energy Services, Energy Exploration & Generation | $73 | $10.1B | 4.3x | 11.0x |
| New Fortress Energy | United States of America | Utilities, Energy Services | $1 | $9.5B | 4.7x | 120.2x |
| New Jersey Resources | United States of America | Energy Services, Utilities | $54 | $9.5B | 4.5x | 13.5x |
| Oklo | United States of America | Energy Exploration & Generation, Utilities | $65 | $9.2B | N/A | -92.7x |
| Southwest Gas Holdings | United States of America | Utilities, Energy Services | $88 | $9.1B | 2.4x | 10.2x |
| ONE Gas | United States of America | Utilities, Energy Services | $87 | $8.8B | 3.5x | 11.5x |
| NorthWestern Energy | United States of America | Utilities, Energy Exploration & Generation | $70 | $7.7B | 4.8x | 12.3x |
| Avista | United States of America | Energy Exploration & Generation, Utilities | $40 | $6.6B | 3.3x | 10.0x |
| XPLR Infr | United States of America | Utilities, Wind, Solar | $10 | $6.2B | 4.7x | 3.2x |
| Hawaiian Electric Industries | United States of America | Utilities | $16 | $5.2B | 1.4x | N/A |
| Chesapeake Utilities | United States of America | Utilities, Energy Services | $137 | $4.8B | 5.4x | 15.2x |
| Northwest Natural Holdings | United States of America | Energy Services, Utilities | $53 | $4.7B | 3.5x | 10.6x |
| Kenon Holdings | United States of America | Utilities | $85 | $4.5B | N/A | N/A |
| Otter Tail | United States of America | Utilities, Energy Exploration & Generation | $86 | $4.3B | 3.3x | 8.7x |
| California Water Service | United States of America | Utilities, Water | $45 | $4.2B | 4.1x | 12.0x |
| Centuri Holdings | United States of America | Energy Services, Utilities | $31 | $4.1B | 1.4x | 16.9x |
| MGE Energy | United States of America | Utilities, Energy Exploration & Generation | $82 | $3.9B | 5.4x | 14.3x |
| American States Water | United States of America | Utilities, Water | $75 | $3.8B | 6.1x | N/A |
| H2O America | United States of America | Utilities | $54 | $3.8B | 4.7x | 12.0x |
| Suburban Propane | United States of America | Utilities, Energy Services | $20 | $2.8B | 1.9x | 9.9x |
| Light | United States of America | Utilities | $1 | $1.9B | N/A | N/A |
| Unitil | United States of America | Utilities | $52 | $1.9B | 3.6x | 9.9x |
| Middlesex Water | United States of America | Utilities, Water | $54 | $1.4B | 7.2x | 17.9x |
| York Water | United States of America | Utilities, Water | $33 | $706M | 9.0x | N/A |
| Cadiz | United States of America | Utilities | $5 | $539M | 36.2x | -35.2x |
| Artesian Resources | United States of America | Utilities, Water | $34 | $526M | 4.7x | N/A |
| Consolidated Water Co | United States of America | Utilities | $38 | $486M | 3.5x | 18.0x |
| OPAL Fuels | United States of America | Energy Exploration & Generation, Energy Services, Utilities | $2 | $386M | 1.1x | 4.7x |
| RGC Resources | United States of America | Energy Services, Utilities | $22 | $384M | 4.0x | N/A |
| Global Water Resources | United States of America | Utilities | $9 | $379M | 6.8x | 14.4x |
| Stem | United States of America | Energy & Utilities Software, Energy Storage | $10 | $363M | 2.5x | 402.8x |
| Genie Energy | United States of America | Utilities, Energy Exploration & Generation | $15 | $288M | 0.6x | 8.7x |
| Montauk Renewables | United States of America | Energy Exploration & Generation, Biomass, Utilities | $2 | $287M | 1.6x | 7.8x |
| Pure Cycle | United States of America | Utilities, Water | $11 | $246M | N/A | N/A |
| NextNRG | United States of America | Energy Services, Energy & Utilities Software | $1 | $114M | 1.4x | N/A |
| Etrion | United States of America | Utilities | $0 | -$1.4M | N/A | N/A |
Valuation multiples as of last 12 months (LTM). Stock prices as of March 5, 2026. Financial data powered by Morningstar and FactSet.
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