Top Utilities Cash-Rich Stocks
Top utilities companies ranked by cash & equivalents, latest annual filings.
What Cash Reserves Mean for Utilities Companies
Cash and equivalents captures the liquid balances a utility holds against operating needs and near-term capex. In utilities, regulated returns and predictable cash flow mean firms generally do not accumulate large reserves. Excess cash is typically deployed into the rate base through continual capital programs, paid out as dividends to the income-oriented shareholder base, or used to service the significant debt common to capital-intensive regulated businesses.
Why Cash Matters Less in Utilities
Utilities rarely sit on large cash balances because regulated returns discourage holding excess cash that earns below the authorized rate of return, so retained reserves create a drag on aggregate profitability. Instead, steady regulated cash flow itself functions as the liquidity reserve, supplemented by large undrawn credit facilities. When a utility does show an unusual cash build, it often signals a pending acquisition, a bond issuance awaiting deployment, or proceeds from an asset sale.
What to Read Alongside
Pair cash reserves with Long-term Debt to frame the net leverage picture, Free Cash Flow to see how much cash survives the continual capex program, and CapEx to gauge the rate base investment intensity.
| # | Symbol | Company | Sector | ||
|---|---|---|---|---|---|
| 1 | NRG | NRG Energy, Inc. | Utilities | $4.71B | $21.71B |
| 2 | CEG | Constellation Energy Corporation | Utilities | $3.64B | $92.87B |
| 3 | BIP | Brookfield Infrastructure Partners L.P. | Utilities | $3.20B | $16.49B |
| 4 | NEE | NextEra Energy, Inc. | Utilities | $2.81B | $166.11B |
| 5 | BEP | Brookfield Renewable Partners L.P. | Utilities | $2.09B | $8.92B |
| 6 | ETR | Entergy Corporation | Utilities | $1.93B | $48.53B |
| 7 | SO | The Southern Company | Utilities | $1.64B | $98.31B |
| 8 | ED | Consolidated Edison, Inc. | Utilities | $1.63B | $38.41B |
| 9 | KEN | Kenon Holdings Ltd. | Utilities | $1.48B | $3.44B |
| 10 | AES | The AES Corporation | Utilities | $1.38B | $10.58B |
| 11 | PPL | PPL Corporation | Utilities | $1.07B | $24.87B |
| 12 | XIFR | XPLR Infrastructure, LP | Utilities | $0.96B | $1.02B |
| 13 | OKLO | Oklo Inc. | Utilities | $0.79B | $7.47B |
| 14 | VST | Vistra Corp. | Utilities | $0.79B | $47.25B |
| 15 | PCG | PG&E Corporation | Utilities | $0.71B | $38.85B |
| 16 | FLNC | Fluence Energy, Inc. | Utilities | $0.69B | $1.06B |
| 17 | TLN | Talen Energy Corporation | Utilities | $0.69B | $14.37B |
| 18 | BEPC | Brookfield Renewable Corporation | Utilities | $0.68B | $5.56B |
| 19 | EXC | Exelon Corporation | Utilities | $0.63B | $43.25B |
| 20 | SWX | Southwest Gas Holdings, Inc. | Utilities | $0.58B | $6.13B |
| 21 | LNT | Alliant Energy Corporation | Utilities | $0.56B | $16.85B |
| 22 | ENLT | Enlight Renewable Energy Ltd | Utilities | $0.53B | $10.54B |
| 23 | CMS | CMS Energy Corporation | Utilities | $0.51B | $20.29B |
| 24 | HE | Hawaiian Electric Industries, Inc. | Utilities | $0.50B | $1.65B |
| 25 | RNW | ReNew Energy Global Plc | Utilities | $0.47B | $2.49B |
| 26 | ENIC | Enel Chile S.A. | Utilities | $0.46B | $5.96B |
| 27 | BIPC | Brookfield Infrastructure Corporation | Utilities | $0.43B | $4.45B |
| 28 | MWH | SOLV Energy, Inc. | Utilities | $0.39B | $5.44B |
| 29 | UGI | UGI Corporation | Utilities | $0.34B | $7.99B |
| 30 | XEL | Xcel Energy Inc. | Utilities | $0.27B | $45.16B |
| 31 | D | Dominion Energy, Inc. | Utilities | $0.25B | $55.25B |
| 32 | DUK | Duke Energy Corporation | Utilities | $0.24B | $91.02B |
| 33 | CWEN | Clearway Energy, Inc. | Utilities | $0.23B | $6.34B |
| 34 | DTE | DTE Energy Company | Utilities | $0.21B | $26.25B |
| 35 | ATO | Atmos Energy Corporation | Utilities | $0.20B | $26.75B |
| 36 | AEP | American Electric Power Company, Inc. | Utilities | $0.20B | $65.34B |
| 37 | BKH | Black Hills Corporation | Utilities | $0.18B | $5.49B |
| 38 | EIX | Edison International | Utilities | $0.16B | $21.15B |
| 39 | ORA | Ormat Technologies, Inc. | Utilities | $0.15B | $5.94B |
| 40 | ES | Eversource Energy | Utilities | $0.14B | $25.20B |
| 41 | PEG | Public Service Enterprise Group Incorporated | Utilities | $0.13B | $34.55B |
| 42 | CTRI | Centuri Holdings, Inc. | Utilities | $0.13B | $2.05B |
| 43 | NI | NiSource Inc. | Utilities | $0.11B | $19.43B |
| 44 | AWK | American Water Works Company, Inc. | Utilities | $0.10B | $26.62B |
| 45 | POR | Portland General Electric Company | Utilities | $0.08B | $5.54B |
| 46 | NRGV | Energy Vault Holdings, Inc. | Utilities | $0.06B | $0.85B |
| 47 | FE | FirstEnergy Corp. | Utilities | $0.06B | $26.19B |
| 48 | CWT | California Water Service Group | Utilities | $0.05B | $2.92B |
| 49 | CNP | CenterPoint Energy, Inc. | Utilities | $0.04B | $25.02B |
| 50 | NWN | Northwest Natural Holding Company | Utilities | $0.04B | $2.02B |
| 51 | WTRG | Essential Utilities, Inc. | Utilities | $0.03B | $11.49B |
| 52 | ALE | ALLETE, Inc. | Utilities | $0.03B | $3.94B |
| 53 | AQN | Algonquin Power & Utilities Corp. | Utilities | $0.03B | $4.03B |
| 54 | SRE | Sempra | Utilities | $0.03B | $53.10B |
| 55 | MDU | MDU Resources Group, Inc. | Utilities | $0.03B | $3.90B |
| 56 | WEC | WEC Energy Group, Inc. | Utilities | $0.03B | $33.72B |
| 57 | HTO | H2O America | Utilities | $0.02B | $2.62B |
| 58 | EVRG | Evergy, Inc. | Utilities | $0.02B | $18.27B |
| 59 | AVA | Avista Corporation | Utilities | $0.02B | $3.02B |
| 60 | AWR | American States Water Company | Utilities | $0.02B | $3.36B |
| 61 | TXNM | TXNM Energy, Inc. | Utilities | $0.02B | $6.45B |
| 62 | UTL | Unitil Corporation | Utilities | $0.02B | $0.95B |
| 63 | AEE | Ameren Corporation | Utilities | $0.01B | $28.19B |
| 64 | OGS | ONE Gas, Inc. | Utilities | $0.01B | $4.67B |
| 65 | HNRG | Hallador Energy Company | Utilities | $0.01B | $0.71B |
| 66 | NWE | NorthWestern Energy Group, Inc. | Utilities | $0.01B | $4.30B |
| 67 | PNW | Pinnacle West Capital Corporation | Utilities | $0.01B | $11.31B |
| 68 | SR | Spire Inc. | Utilities | $0.01B | $4.71B |
| 69 | MGEE | MGE Energy, Inc. | Utilities | $0.01B | $2.75B |
| 70 | MSEX | Middlesex Water Company | Utilities | $0.00B | $1.04B |
| 71 | CPK | Chesapeake Utilities Corporation | Utilities | $0.00B | $3.16B |
| 72 | NJR | New Jersey Resources Corporation | Utilities | $0.00B | $5.37B |
| 73 | SPH | Suburban Propane Partners, L.P. | Utilities | $0.00B | $1.13B |
| 74 | OGE | OGE Energy Corp. | Utilities | $0.00B | $9.31B |
| 75 | YORW | The York Water Company | Utilities | $0.00B | $0.52B |
No companies match this search.
How this ranking is built
Companies are ranked by cash & equivalents as reported in their most recent annual filing with the SEC. Figures shown are in US dollars (or percent, as noted), rounded to two decimals.
- Source: annual 10-K / 20-F filings from companies trading on US exchanges (NYSE, Nasdaq, AMEX).
- Fiscal year: whichever annual period the company has most recently filed. Fiscal years don't always align with the calendar year, so the "as of FY" stamp above reflects the most common year across the table.
- Filtered out: warrants, preferred shares, and duplicate listings that share a parent company's financials.
- Size floor: A company qualifies at $500 million in market cap or above. Below that, one mis-stated figure outranks the companies the list is about.
- Currency check: A company whose annual revenue runs above 15 times its market cap is left out, because at that gap the two figures are not in the same currency.
- Currency check: A company whose balance sheet runs above 150 times its market cap is left out for the same reason.
- Update cadence: refreshed as companies file new annual reports (typically within 60–90 days of fiscal year end).
Not financial advice. This is a research tool, not a recommendation.