Financial Health Scores: Utilities

Top Utilities companies by financial health score. Each score is a 0-100 composite of six dimensions ranked as percentiles within the company's peer group (banks against banks, REITs against REITs), so it measures standing among peers rather than absolute cross-industry strength.

Rates the quality of the business, not whether the stock is cheap. A 0–100 composite of profitability, growth, leverage, liquidity, cash flow, and returns.

A high score means strong fundamentals, but not a guaranteed good trade. A great business can still be a bad buy at the wrong price.

Banks, REITs, insurers, and early-stage companies are scored on sector-tailored metrics. Full methodology →

Research tool, not financial advice. Use alongside valuation analysis and your own view of the business.

Data as of FY 2025 78 companies Rhea AI

# Company Dimensions

AWR American States Water … Utility 74 Profit Growth Debt Cash Flow Return 6/9 Grey 2

PCYO Pure Cycle Corporation Utility 70 Profit Growth Debt Cash Flow Return 5/9 Safe 3

VIASP Via Renewables, Inc. Utility One-time Loss 67 Profit Growth Debt Cash Flow Return 4/9 - 4

WTRG Essential Utilities, I… Utility Check Earnings 66 Profit Growth Debt Cash Flow Return 6/9 Distress 5

OGE OGE Energy Corp. Utility 66 Profit Growth Debt Cash Flow Return 6/9 Distress 6

CWCO Consolidated Water Co.… Utility 66 Profit Growth Debt Cash Flow Return 5/9 Safe 7

PEG Public Service Enterpr… Utility 63 Profit Growth Debt Cash Flow Return 6/9 Distress 8

EIX Edison International Utility 63 Profit Growth Debt Cash Flow Return 6/9 Distress 9

VST Vistra Corp. Utility One-time Loss 62 Profit Growth Debt Cash Flow Return 5/9 Distress 10

POR Portland General Elect… Utility 61 Profit Growth Debt Cash Flow Return 4/9 Distress 11

GNE Genie Energy Ltd. Utility 61 Profit Growth Debt Cash Flow Return 5/9 Safe 12

NRG NRG Energy, Inc. Utility One-time Loss 60 Profit Growth Debt Cash Flow Return 4/9 Grey 13

RGCO RGC Resources, Inc. Utility 59 Profit Growth Debt Cash Flow Return 6/9 Distress 14

NJR New Jersey Resources C… Utility 57 Profit Growth Debt Cash Flow Return 6/9 Distress 15

NI NiSource Inc. Utility 57 Profit Growth Debt Cash Flow Return 6/9 Distress 16

CPK Chesapeake Utilities C… Utility 57 Profit Growth Debt Cash Flow Return 6/9 Distress 17

BKH Black Hills Corporatio… Utility 57 Profit Growth Debt Cash Flow Return 5/9 Distress 18

AVA Avista Corporation Utility 57 Profit Growth Debt Cash Flow Return 4/9 Distress 19

ATO Atmos Energy Corporati… Utility 56 Profit Growth Debt Cash Flow Return 5/9 Distress 20

SO The Southern Company Utility 55 Profit Growth Debt Cash Flow Return 4/9 Distress 21

CEG Constellation Energy C… Utility 55 Profit Growth Debt Cash Flow Return 5/9 Grey 22

AEP American Electric Powe… Utility 55 Profit Growth Debt Cash Flow Return 5/9 Distress 23

IDA IDACORP, Inc. Utility 53 Profit Growth Debt Cash Flow Return - - 24

AWK American Water Works C… Utility 53 Profit Growth Debt Cash Flow Return 6/9 Distress 25

ES Eversource Energy Utility 52 Profit Growth Debt Cash Flow Return 6/9 Distress 26

BIP Brookfield Infrastruct… Utility Partial Data 52 Profit Growth Debt Cash Flow Return 5/9 - 27

PPL PPL Corporation Utility 51 Profit Growth Debt Cash Flow Return 5/9 Distress 28

EXC Exelon Corporation Utility 51 Profit Growth Debt Cash Flow Return 5/9 Distress 29

DUK Duke Energy Corporatio… Utility 51 Profit Growth Debt Cash Flow Return 6/9 Distress 30

ALE ALLETE, Inc. Utility 51 Profit Growth Debt Cash Flow Return 4/9 Distress 31

UTL Unitil Corporation Utility One-time Loss 50 Profit Growth Debt Cash Flow Return 4/9 Distress 32

SPH Suburban Propane Partn… Utility 50 Profit Growth Debt Cash Flow Return 7/9 - 33

NWE NorthWestern Energy Gr… Utility 50 Profit Growth Debt Cash Flow Return 5/9 Distress 34

EVRG Evergy, Inc. Utility 50 Profit Growth Debt Cash Flow Return 3/9 Distress 35

CTRI Centuri Holdings, Inc. Utility One-time Loss 49 Profit Growth Debt Cash Flow Return 6/9 Grey 36

MSEX Middlesex Water Compan… Utility One-time Loss 48 Profit Growth Debt Cash Flow Return 4/9 Distress 37

ARTNA Artesian Resources Cor… Utility 48 Profit Growth Debt Cash Flow Return 5/9 Distress 38

AEE Ameren Corporation Utility 48 Profit Growth Debt Cash Flow Return 6/9 Distress 39

ETR Entergy Corporation Utility 47 Profit Growth Debt Cash Flow Return 6/9 Distress 40

ED Consolidated Edison, I… Utility One-time Loss 47 Profit Growth Debt Cash Flow Return 6/9 Distress 41

PCG PG&E Corporation Utility One-time Loss 46 Profit Growth Debt Cash Flow Return 3/9 Distress 42

CWEN Clearway Energy, Inc. Utility 46 Profit Growth Debt Cash Flow Return 4/9 Distress 43

CNP CenterPoint Energy, In… Utility One-time Loss 45 Profit Growth Debt Cash Flow Return 5/9 Distress 44

HE Hawaiian Electric Indu… Utility 44 Profit Growth Debt Cash Flow Return 5/9 Distress 45

CWT California Water Servi… Utility 44 Profit Growth Debt Cash Flow Return 4/9 Distress 46

SR Spire Inc. Utility 43 Profit Growth Debt Cash Flow Return 6/9 Distress 47

PNW Pinnacle West Capital … Utility 43 Profit Growth Debt Cash Flow Return 4/9 Distress 48

FE FirstEnergy Corp. Utility One-time Loss 43 Profit Growth Debt Cash Flow Return 5/9 Distress 49

CMS CMS Energy Corporation Utility 43 Profit Growth Debt Cash Flow Return 5/9 Distress 50

YORW The York Water Company Utility 42 Profit Growth Debt Cash Flow Return 3/9 Distress 51

WEC WEC Energy Group, Inc. Utility 42 Profit Growth Debt Cash Flow Return 5/9 Distress 52

UGI UGI Corporation Utility 42 Profit Growth Debt Cash Flow Return 7/9 Distress 53

ORA Ormat Technologies, In… Utility 42 Profit Growth Debt Cash Flow Return 4/9 Distress 54

LNT Alliant Energy Corpora… Utility 42 Profit Growth Debt Cash Flow Return 6/9 Distress 55

NWN Northwest Natural Hold… Utility Check Earnings One-time Loss 41 Profit Growth Debt Cash Flow Return 4/9 Distress 56

HTO H2O America Utility 41 Profit Growth Debt Cash Flow Return 4/9 Distress 57

HNRG Hallador Energy Compan… Utility 40 Profit Growth Debt Cash Flow Return 7/9 Safe 58

MDU MDU Resources Group, I… Utility 39 Profit Growth Debt Cash Flow Return 3/9 Distress 59

FLNC Fluence Energy, Inc. Utility Check Earnings Data Issue 38 Profit Growth Debt Cash Flow Return 2/9 - 60

ENLT Enlight Renewable Ener… Utility Data Issue Partial Data 37 Profit Growth Debt Cash Flow Return 5/9 - 61

AQN Algonquin Power & Util… Utility One-time Loss Unit Sold 37 Profit Growth Debt Cash Flow Return 6/9 Distress 62

D Dominion Energy, Inc. Utility 36 Profit Growth Debt Cash Flow Return 6/9 Distress 63

NXXT NextNRG, Inc. Utility Data Issue 35 Profit Growth Debt Cash Flow Return 4/9 Distress 64

DGXX Digi Power X Inc. Utility Check Earnings New Filer 35 Profit Growth Debt Cash Flow Return 4/9 - 65

XIFR XPLR Infrastructure, L… Utility Unit Sold 34 Profit Growth Debt Cash Flow Return 4/9 - 66

TLN Talen Energy Corporati… Utility Check Earnings 34 Profit Growth Debt Cash Flow Return 3/9 Distress 67

BEP Brookfield Renewable P… Utility Partial Data 33 Profit Growth Debt Cash Flow Return 5/9 - 68

TXNM TXNM Energy, Inc. Utility One-time Loss 32 Profit Growth Debt Cash Flow Return 5/9 Distress 69

SRE Sempra Utility Partial Data 32 Profit Growth Debt Cash Flow Return 5/9 - 70

NEE NextEra Energy, Inc. Utility 32 Profit Growth Debt Cash Flow Return 4/9 Distress 71

BIPC Brookfield Infrastruct… Utility Data Issue Partial Data 32 Profit Growth Debt Cash Flow Return 4/9 - 72

ELLO Ellomay Capital Ltd. Utility Check Earnings Data Issue 31 Profit Growth Debt Cash Flow Return 4/9 - 73

GWRS Global Water Resources… Utility One-time Loss 28 Profit Growth Debt Cash Flow Return 4/9 Distress 74

STEM Stem, Inc. Utility Check Earnings Data Issue 25 Profit Growth Debt Cash Flow Return 6/9 Distress 75

NRGV Energy Vault Holdings,… Utility Check Earnings Data Issue 25 Profit Growth Debt Cash Flow Return 4/9 Distress 76

BEPC Brookfield Renewable C… Utility Partial Data 22 Profit Growth Debt Cash Flow Return 2/9 - 77

SAFX XCF Global, Inc. Utility Data Issue New Filer 14 Profit Growth Debt Cash Flow Return 4/9 Distress 78

AES The AES Corporation Utility Partial Data 14 Profit Growth Debt Cash Flow Return 3/9 -

How the Financial Health Score is calculated

Each company receives a composite score from 0 to 100 built from six dimensions derived from SEC filings. The dimensions are family-specific: a company is scored on the metrics that matter for its business type, then ranked against direct peers rather than across every industry. A score is a company's standing within its peer group, not an absolute cross-industry rating; a 70 for a bank and a 70 for a software company both mean "top of its family," not "equally strong businesses."

Each of the six dimensions is scored as a percentile within the family (how the company ranks against its peers on that dimension). The overall score is the rounded average of the six, with any dimension we can't compute counted as zero out of a fixed denominator of six, so incomplete data can't inflate a ranking.

Operating companies, energy and utilities are scored on Profitability, Growth, Leverage, Liquidity, Cash Flow, and Returns.
Banks are scored on Earnings, Growth, Capital, Efficiency, Credit Quality, and Stability.
Insurers are scored on Loss Ratio, Premium Growth, Capital, Investment Yield, Combined Ratio, and Stability.
REITs are scored on FFO Margin, FFO Growth, Leverage, Interest Coverage, AFFO Margin, and Dividend Coverage.
Emerging (pre-profit) companies are scored on Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, and Balance Sheet.
Warrants, preferred shares and duplicate listings that share a parent company's financials are automatically filtered from the ranking.

The Piotroski F-Score (0 to 9) measures fundamental strength using nine binary accounting tests; the Altman Z-Score estimates bankruptcy risk, classifying companies into Safe, Grey, or Distress zones. These two signals are shown alongside the composite score for additional perspective.