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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 | $84 | $265B | 9.4x | 16.4x |
| Duke Energy | United States of America | Utilities | $119 | $183B | 5.7x | 12.0x |
| Southern Company | United States of America | Utilities | $89 | $168B | 5.9x | 12.9x |
| Constellation Energy | United States of America | Utilities, Energy Exploration & Generation | $308 | $117B | 4.9x | 22.4x |
| American Electric Power | United States of America | Utilities | $120 | $111B | 5.2x | 12.6x |
| Dominion Energy | United States of America | Utilities | $61 | $101B | 6.3x | 13.5x |
| PG&E | United States of America | Utilities | $16 | $95.3B | 3.7x | 9.3x |
| Exelon | United States of America | Utilities | $45 | $93.5B | 3.9x | 10.7x |
| Sempra | United States of America | Energy Services, Utilities | $93 | $93.1B | 6.4x | 15.7x |
| Xcel Energy | United States of America | Utilities | $76 | $79.2B | 5.4x | 13.2x |
| Vistra | United States of America | Energy Exploration & Generation, Nuclear, Solar, Energy Storage, Utilities | $167 | $75.8B | 3.9x | 12.9x |
| Entergy | United States of America | Utilities | $96 | $72.0B | 5.6x | 12.7x |
| Edison International | United States of America | Utilities | $62 | $64.7B | 3.5x | 7.4x |
| Consolidated Edison | United States of America | Utilities | $104 | $64.0B | 3.9x | 11.4x |
| PSEG | United States of America | Utilities | $79 | $62.8B | 5.4x | 13.5x |
| WEC Energy Group | United States of America | Utilities | $109 | $56.5B | 6.1x | 14.0x |
| Eversource Energy | United States of America | Utilities | $70 | $55.9B | 4.4x | 11.1x |
| FirstEnergy | United States of America | Utilities | $47 | $53.4B | 3.8x | 11.7x |
| DTE Energy | United States of America | Utilities | $136 | $53.4B | 3.9x | 12.4x |
| Ameren | United States of America | Utilities | $104 | $48.2B | 5.8x | 13.0x |
| CenterPoint Energy | United States of America | Utilities | $40 | $47.6B | 5.2x | 12.8x |
| PPL Corp. | United States of America | Utilities | $37 | $45.1B | 5.1x | 12.4x |
| Cheniere Energy Partners | United States of America | Utilities, Fossil Fuels | $56 | $41.9B | 3.9x | 11.6x |
| American Water Works Co | United States of America | Utilities, Water | $133 | $41.2B | 8.2x | 14.5x |
| NRG Energy | United States of America | Utilities, Energy Services, Energy Exploration & Generation | $152 | $41.2B | 1.4x | 10.2x |
| CMS Energy | United States of America | Utilities | $72 | $39.7B | 4.9x | 12.9x |
| AES | United States of America | Utilities, Energy Exploration & Generation | $14 | $39.2B | 3.3x | 14.1x |
| Atmos Energy | United States of America | Utilities, Energy Services | $170 | $36.7B | 7.5x | 15.3x |
| NiSource | United States of America | Utilities, Energy Services | $44 | $36.5B | 5.9x | 12.6x |
| Evergy | United States of America | Utilities | $76 | $32.3B | 5.3x | 11.9x |
| Alliant Energy | United States of America | Utilities | $67 | $28.5B | 7.0x | 15.1x |
| Pinnacle West Capital | United States of America | Utilities | $94 | $25.4B | 4.8x | 12.7x |
| Talen Energy | United States of America | Energy Exploration & Generation, Utilities | $372 | $19.5B | 8.2x | 19.9x |
| Essential Utilities | United States of America | Utilities, Water, Energy Services | $40 | $19.2B | 8.2x | 15.4x |
| UGI | United States of America | Utilities, Water | $38 | $14.9B | 2.0x | N/A |
| OGE Energy | United States of America | Utilities | $44 | $14.8B | 4.7x | 10.7x |
| Nextpower | United States of America | Solar, Energy & Utilities Software | $98 | $13.9B | 4.2x | 17.5x |
| Oklo | United States of America | Energy Exploration & Generation, Utilities | $95 | $13.9B | N/A | -140.5x |
| Clearway Energy | United States of America | Utilities | $35 | $13.2B | 9.3x | 10.7x |
| TXNM Energy | United States of America | Utilities | $59 | $12.1B | 5.6x | 12.8x |
| Idacorp | United States of America | Utilities | $135 | $10.6B | 5.5x | 16.8x |
| Portland General Electric | United States of America | Utilities | $50 | $10.5B | 3.0x | 9.0x |
| Spire | United States of America | Energy Services, Utilities | $84 | $10.3B | 4.1x | 12.1x |
| Black Hills | United States of America | Utilities, Energy Services, Energy Exploration & Generation | $73 | $9.9B | 4.3x | 10.8x |
| New Fortress Energy | United States of America | Utilities, Energy Services | $1 | $9.6B | 4.7x | 121.1x |
| Southwest Gas Holdings | United States of America | Utilities, Energy Services | $86 | $9.0B | 2.4x | 10.1x |
| New Jersey Resources | United States of America | Energy Services, Utilities | $48 | $8.6B | 4.1x | 12.3x |
| ONE Gas | United States of America | Utilities, Energy Services | $79 | $8.1B | 3.2x | 10.5x |
| NorthWestern Energy | United States of America | Utilities, Energy Exploration & Generation | $69 | $7.5B | 4.7x | 11.9x |
| Avista | United States of America | Energy Exploration & Generation, Utilities | $40 | $6.4B | 3.2x | 9.8x |
| XPLR Infr | United States of America | Utilities, Wind, Solar | $10 | $6.1B | 4.6x | 3.1x |
| Hawaiian Electric Industries | United States of America | Utilities | $14 | $5.0B | 1.3x | N/A |
| Chesapeake Utilities | United States of America | Utilities, Energy Services | $125 | $4.5B | 5.1x | 14.3x |
| Northwest Natural Holdings | United States of America | Energy Services, Utilities | $47 | $4.4B | 3.3x | 10.1x |
| Otter Tail | United States of America | Utilities, Energy Exploration & Generation | $88 | $4.3B | 3.3x | 8.8x |
| California Water Service | United States of America | Utilities, Water | $46 | $4.2B | 4.1x | 12.1x |
| American States Water | United States of America | Utilities, Water | $76 | $3.8B | 6.1x | N/A |
| Centuri Holdings | United States of America | Energy Services, Utilities | $28 | $3.8B | 1.3x | 15.6x |
| H2O America | United States of America | Utilities | $54 | $3.8B | 4.7x | 11.9x |
| MGE Energy | United States of America | Utilities, Energy Exploration & Generation | $80 | $3.7B | 5.2x | 13.7x |
| Kenon Holdings | United States of America | Utilities | $68 | $3.7B | N/A | N/A |
| Suburban Propane | United States of America | Utilities, Energy Services | $19 | $2.6B | 1.8x | 9.2x |
| Light | United States of America | Utilities | $1 | $1.8B | N/A | N/A |
| Unitil | United States of America | Utilities | $50 | $1.7B | 3.2x | 9.0x |
| Middlesex Water | United States of America | Utilities, Water | $54 | $1.4B | 7.2x | 18.0x |
| York Water | United States of America | Utilities, Water | $34 | $717M | 9.2x | N/A |
| Cadiz | United States of America | Utilities | $7 | $661M | 44.4x | -43.2x |
| Artesian Resources | United States of America | Utilities, Water | $34 | $529M | 4.7x | N/A |
| Consolidated Water Co | United States of America | Utilities | $37 | $476M | 3.5x | 17.6x |
| Stem | United States of America | Energy & Utilities Software, Energy Storage | $21 | $451M | 3.1x | 500.2x |
| OPAL Fuels | United States of America | Energy Exploration & Generation, Energy Services, Utilities | $3 | $400M | 1.2x | 4.9x |
| Global Water Resources | United States of America | Utilities | $9 | $371M | 6.6x | 14.1x |
| RGC Resources | United States of America | Energy Services, Utilities | $22 | $370M | 3.8x | N/A |
| Genie Energy | United States of America | Utilities, Energy Exploration & Generation | $15 | $284M | 0.6x | 8.6x |
| Pure Cycle | United States of America | Utilities, Water | $12 | $271M | N/A | N/A |
| Montauk Renewables | United States of America | Energy Exploration & Generation, Biomass, Utilities | $1 | $270M | 1.5x | 7.3x |
| NextNRG | United States of America | Energy Services, Energy & Utilities Software | $1 | $177M | 2.1x | N/A |
| Etrion | United States of America | Utilities | $0 | -$1.5M | N/A | N/A |
Valuation multiples as of last 12 months (LTM). Stock prices as of January 19, 2026. Financial data powered by Morningstar and FactSet.
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