Financial Health Scores: Utilities

Top Utilities companies ranked by overall financial health. Each score combines profitability, growth, leverage, liquidity, cash flow, and returns into a single 0-100 rating.

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 75 Profit Growth Debt Cash Flow Return 6/9 Grey 2

PCYO Pure Cycle Corporation Utility 71 Profit Growth Debt Cash Flow Return 5/9 Safe 3

OGE OGE Energy Corp. Utility 68 Profit Growth Debt Cash Flow Return 6/9 Distress 4

VIASP Via Renewables, Inc. Utility One-time Loss 67 Profit Growth Debt Cash Flow Return 4/9 - 5

CWCO Consolidated Water Co.… Utility 65 Profit Growth Debt Cash Flow Return 5/9 Safe 6

PEG Public Service Enterpr… Utility 64 Profit Growth Debt Cash Flow Return 7/9 Distress 7

EIX Edison International Utility 64 Profit Growth Debt Cash Flow Return 5/9 Distress 8

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

POR Portland General Elect… Utility 62 Profit Growth Debt Cash Flow Return 4/9 Distress 10

GNE Genie Energy Ltd. Utility Unit Sold 62 Profit Growth Debt Cash Flow Return 3/9 Safe 11

NRG NRG Energy, Inc. Utility One-time Loss 61 Profit Growth Debt Cash Flow Return 4/9 Grey 12

RGCO RGC Resources, Inc. Utility 60 Profit Growth Debt Cash Flow Return 6/9 Distress 13

NJR New Jersey Resources C… Utility 59 Profit Growth Debt Cash Flow Return 6/9 Distress 14

STEM Stem, Inc. Emerging Check Earnings Data Issue 58 Cash Dil R&D RevPS Burn BalSh 5/9 Distress 15

NI NiSource Inc. Utility 58 Profit Growth Debt Cash Flow Return 6/9 Distress 16

CPK Chesapeake Utilities C… Utility 58 Profit Growth Debt Cash Flow Return 6/9 Distress 17

BKH Black Hills Corporatio… Utility 58 Profit Growth Debt Cash Flow Return 5/9 Distress 18

AVA Avista Corporation Utility 58 Profit Growth Debt Cash Flow Return 4/9 Distress 19

ATO Atmos Energy Corporati… Utility 57 Profit Growth Debt Cash Flow Return 5/9 Grey 20

SO The Southern Company Utility 56 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

BIP Brookfield Infrastruct… Utility Partial Data 53 Profit Growth Debt Cash Flow Return 5/9 - 24

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

PPL PPL Corporation Utility 52 Profit Growth Debt Cash Flow Return 5/9 Distress 26

ES Eversource Energy Utility 52 Profit Growth Debt Cash Flow Return 6/9 Distress 27

DUK Duke Energy Corporatio… Utility 52 Profit Growth Debt Cash Flow Return 6/9 Distress 28

NWE NorthWestern Energy Gr… Utility 51 Profit Growth Debt Cash Flow Return 5/9 Distress 29

ALE ALLETE, Inc. Utility 51 Profit Growth Debt Cash Flow Return 4/9 Distress 30

WTRG Essential Utilities, I… Utility 50 Profit Growth Debt Cash Flow Return 5/9 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

EXC Exelon Corporation 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 48 Profit Growth Debt Cash Flow Return 4/9 Distress 37

ED Consolidated Edison, I… Utility 48 Profit Growth Debt Cash Flow Return 6/9 Distress 38

ARTNA Artesian Resources Cor… Utility 48 Profit Growth Debt Cash Flow Return 5/9 Distress 39

AEE Ameren Corporation Utility 48 Profit Growth Debt Cash Flow Return 6/9 Distress 40

ETR Entergy Corporation Utility 47 Profit Growth Debt Cash Flow Return 6/9 Distress 41

PCG PG&E Corporation Utility 45 Profit Growth Debt Cash Flow Return 4/9 Distress 42

CWEN Clearway Energy, Inc. Utility 45 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

PNW Pinnacle West Capital … Utility 44 Profit Growth Debt Cash Flow Return 4/9 Distress 45

HE Hawaiian Electric Indu… Utility 44 Profit Growth Debt Cash Flow Return 5/9 Distress 46

CWT California Water Servi… Utility 44 Profit Growth Debt Cash Flow Return 4/9 Distress 47

WEC WEC Energy Group, Inc. Utility 43 Profit Growth Debt Cash Flow Return 5/9 Distress 48

UGI UGI Corporation Utility 43 Profit Growth Debt Cash Flow Return 6/9 Distress 49

SR Spire Inc. Utility 43 Profit Growth Debt Cash Flow Return 6/9 Distress 50

LNT Alliant Energy Corpora… Utility 43 Profit Growth Debt Cash Flow Return 6/9 Distress 51

CMS CMS Energy Corporation Utility 43 Profit Growth Debt Cash Flow Return 5/9 Distress 52

YORW The York Water Company Utility 42 Profit Growth Debt Cash Flow Return 3/9 Distress 53

ORA Ormat Technologies, In… Utility 42 Profit Growth Debt Cash Flow Return 5/9 Distress 54

FE FirstEnergy Corp. Utility One-time Loss 42 Profit Growth Debt Cash Flow Return 5/9 Distress 55

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

IDA IDACORP, Inc. Utility 41 Profit Growth Debt Cash Flow Return 5/9 Distress 57

HTO H2O America Utility 41 Profit Growth Debt Cash Flow Return 4/9 Distress 58

CDZI Cadiz Inc. Emerging Check Earnings 40 Cash Dil R&D RevPS Burn BalSh 5/9 Distress 59

MDU MDU Resources Group, I… Utility 39 Profit Growth Debt Cash Flow Return 3/9 Distress 60

FLNC Fluence Energy, Inc. Utility Check Earnings Data Issue 39 Profit Growth Debt Cash Flow Return 2/9 - 61

OPAL OPAL Fuels Inc. Utility Check Earnings Data Issue 38 Profit Growth Debt Cash Flow Return 6/9 Distress 62

ENLT Enlight Renewable Ener… Utility Partial Data 38 Profit Growth Debt Cash Flow Return 5/9 - 63

AQN Algonquin Power & Util… Utility One-time Loss Unit Sold 37 Profit Growth Debt Cash Flow Return 6/9 Distress 64

D Dominion Energy, Inc. Utility 36 Profit Growth Debt Cash Flow Return 6/9 Distress 65

DGXX Digi Power X Inc. Emerging Check Earnings 34 Cash Dil R&D RevPS Burn BalSh 3/9 - 66

BEP Brookfield Renewable P… Utility Partial Data 34 Profit Growth Debt Cash Flow Return 5/9 - 67

XIFR XPLR Infrastructure, L… Utility Unit Sold 33 Profit Growth Debt Cash Flow Return 4/9 - 68

TLN Talen Energy Corporati… Utility Check Earnings 33 Profit Growth Debt Cash Flow Return 3/9 Distress 69

SRE Sempra Utility Partial Data 33 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

TXNM TXNM Energy, Inc. Utility One-time Loss 31 Profit Growth Debt Cash Flow Return 5/9 Distress 73

GWRS Global Water Resources… Utility One-time Loss 27 Profit Growth Debt Cash Flow Return 4/9 Distress 74

NRGV Energy Vault Holdings,… Utility Check Earnings 26 Profit Growth Debt Cash Flow Return 4/9 Distress 75

ELLO Ellomay Capital Ltd. Utility Partial Data 23 Profit Growth Debt Cash Flow Return 4/9 - 76

BEPC Brookfield Renewable C… Utility Partial Data 23 Profit Growth Debt Cash Flow Return 2/9 - 77

SAFX XCF Global, Inc. Utility New Filer 14 Profit Growth Debt Cash Flow Return - 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 based on six financial dimensions derived from annual SEC filings: Profitability, Growth, Leverage, Liquidity, Cash Flow, and Returns. Each dimension is normalized to a 0 to 100 scale; the overall score is the simple average of all six (missing dimensions count as zero, so incomplete data can't inflate a ranking).

Trailing 3-year weighted average for the performance-oriented dimensions (Profitability, Cash Flow, Returns). The most recent fiscal year is weighted 50%, the year before 30%, and the year before that 20%, so a company still gets credit for improving quickly, but a single blockbuster year can't carry an otherwise weak record.
Growth uses a 3-year revenue CAGR (or year-over-year if only two years are available), so sustained growth beats one lucky quarter.
Leverage and Liquidity are balance-sheet snapshots, using the most recent available value and falling back to the prior year when a newly filed 10-K is missing a field.
Companies with fewer than three years of filings are scored on what's available. No minimum history is required, but the missing years count as zero in the flow-metric averages.
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.