Top Companies by Free Cash Flow in Utilities
Largest public companies ranked by free cash flow in Utilities on a trailing twelve months basis. Compare top issuers, sector peers and historical context on…
How TTM free cash flow is measured
Trailing twelve months (TTM) free cash flow (FCF) is operating cash flow minus capital expenditure, summed across a company's four most recent fiscal quarters. Unlike accrual-based earnings, FCF reflects what actually leaves the bank account after running the business and reinvesting in property, plant and equipment — the cash available for buybacks, dividends, debt reduction or M&A.
FCF is closer to owner earnings than net income because it strips out non-cash charges like depreciation and the working-capital churn that distorts a single quarter. Compare with capex to see how much of operating cash flow gets reinvested versus returned. Figures are ranked in USD after period-average FX translation (IAS 21). Rankings USD translation methodology · IFRS IAS 21 (official)
Calculated from each company's four most recent reported quarters, as of .
Sector scopeUtilitiesChange sectorChange sector
Top companies by Free Cash Flow — Utilities
- Duke Energy
DUK
- Sector
- Utilities
- Free Cash Flow
- $8.21B
- As of
- GE Vernova
GEV
- Sector
- Utilities
- Free Cash Flow
- $7.53B
- As of
- Sector
- Utilities
- Free Cash Flow
- $6.81B
- As of
- Sector
- Utilities
- Free Cash Flow
- $3.50B
- As of
- Sector
- Utilities
- Free Cash Flow
- $3.05B
- As of
- Sector
- Utilities
- Free Cash Flow
- $2.36B
- As of
- Sector
- Utilities
- Free Cash Flow
- $1.29B
- As of
- NRG Energy
NRG
- Sector
- Utilities
- Free Cash Flow
- $766.00M
- As of
- Vistra
VST
- Sector
- Utilities
- Free Cash Flow
- $640.00M
- As of
- Avista
AVA
- Sector
- Utilities
- Free Cash Flow
- $469.00M
- As of
- UGI
UGI
- Sector
- Utilities
- Free Cash Flow
- $282.00M
- As of
- Sector
- Utilities
- Free Cash Flow
- $276.00M
- As of
- Middlesex Water
MSEX
- Sector
- Utilities
- Free Cash Flow
- $18.97M
- As of
- Artesian Resources
ARTNA
- Sector
- Utilities
- Free Cash Flow
- $3.69M
- As of
- Xcel Energy
XEL
- Sector
- Utilities
- Free Cash Flow
- $0
- As of
- Sector
- Utilities
- Free Cash Flow
- -$7.09M
- As of
- Sector
- Utilities
- Free Cash Flow
- -$45.10M
- As of
- H2O America
HTO
- Sector
- Utilities
- Free Cash Flow
- -$57.83M
- As of
- MGE Energy
MGEE
- Sector
- Utilities
- Free Cash Flow
- -$79.99M
- As of
- Black Hills
BKH
- Sector
- Utilities
- Free Cash Flow
- -$146.40M
- As of
- Sector
- Utilities
- Free Cash Flow
- -$173.39M
- As of
- Sector
- Utilities
- Free Cash Flow
- -$197.77M
- As of
- Sector
- Utilities
- Free Cash Flow
- -$214.43M
- As of
- Sector
- Utilities
- Free Cash Flow
- -$218.57M
- As of
- NiSource
NI
- Sector
- Utilities
- Free Cash Flow
- -$420.00M
- As of
- Sector
- Utilities
- Free Cash Flow
- -$455.99M
- As of
- Sector
- Utilities
- Free Cash Flow
- -$643.00M
- As of
- Evergy
EVRG
- Sector
- Utilities
- Free Cash Flow
- -$751.70M
- As of
- Ameren
AEE
- Sector
- Utilities
- Free Cash Flow
- -$801.00M
- As of
- Sector
- Utilities
- Free Cash Flow
- -$819.52M
- As of
- CMS Energy
CMS
- Sector
- Utilities
- Free Cash Flow
- -$996.00M
- As of
- DTE Energy
DTE
- Sector
- Utilities
- Free Cash Flow
- -$1.00B
- As of
- Sector
- Utilities
- Free Cash Flow
- -$1.05B
- As of
- Sector
- Utilities
- Free Cash Flow
- -$1.07B
- As of
- Sector
- Utilities
- Free Cash Flow
- -$1.31B
- As of
- PPL
PPL
- Sector
- Utilities
- Free Cash Flow
- -$1.40B
- As of
- AES
AES
- Sector
- Utilities
- Free Cash Flow
- -$1.62B
- As of
- Atmos Energy
ATO
- Sector
- Utilities
- Free Cash Flow
- -$1.63B
- As of
- Exelon
EXC
- Sector
- Utilities
- Free Cash Flow
- -$2.27B
- As of
- Sector
- Utilities
- Free Cash Flow
- -$2.67B
- As of
- Entergy
ETR
- Sector
- Utilities
- Free Cash Flow
- -$2.75B
- As of
- Sector
- Utilities
- Free Cash Flow
- -$3.29B
- As of
- PG&E
PCG
- Sector
- Utilities
- Free Cash Flow
- -$4.21B
- As of
- Sempra
SRE
- Sector
- Utilities
- Free Cash Flow
- -$6.05B
- As of
- Sector
- Utilities
- Free Cash Flow
- -$7.28B
- As of