[Ranking] TOP 25 Natural Gas Utilities / Utilities Companies Q3/2023
Intro
The natural gas utilities industry plays a crucial role in the worldwide economy, providing an essential energy source for a wide range of sectors. Natural gas is a clean and efficient fuel that is used for heating, electricity generation, transportation, and industrial processes. It is a key component in the transition to a low-carbon economy and reducing greenhouse gas emissions.
The influence of the natural gas utilities industry extends far beyond its immediate sphere. As a major source of energy, it has a ripple effect across diverse sectors such as manufacturing, agriculture, and residential and commercial sectors. The availability and affordability of natural gas can significantly impact the competitiveness and productivity of these industries, driving economic growth and job creation.
With the increasing demand for energy and the growing focus on sustainable practices, the natural gas utilities industry is experiencing a significant upward trajectory. The industry has witnessed substantial investments in infrastructure development and technological advancements to enhance the safety, efficiency, and environmental performance of natural gas operations. This has created new opportunities for companies operating in the sector and contributed to its economic magnitude.
Recent trends in the natural gas utilities industry include the adoption of liquefied natural gas (LNG) as a cleaner alternative to other fossil fuels, the integration of renewable natural gas into the supply mix, and the expansion of natural gas pipelines to connect new sources and markets. Breakthroughs in extraction technologies, such as hydraulic fracturing, have unlocked vast reserves of natural gas, transforming the energy landscape. However, the industry also faces obstacles such as regulatory challenges, public perception, and the need to address methane emissions.
The natural gas utilities industry is constantly evolving, shaped by market dynamics, policy changes, and technological advancements. The shift towards a more sustainable and decarbonized energy system, coupled with the emergence of alternative energy sources, presents both opportunities and challenges for companies in the industry. In this context, exploring the leading companies in the natural gas utilities sub-industry provides valuable insights into their strategies, innovations, and contributions to the energy transition.
Ranking
#25 Avista Corporation
Employees: 1.5K
Revenue: 1.8B$
Website: https://www.avistacorp.com
Description: Avista Corporation is a natural gas utility company headquartered in Spokane, United States. With a history dating back to 1889, Avista has been providing reliable and affordable natural gas services to customers in North America. The company operates in the Utilities industry, specifically focusing on the Natural Gas Utilities sector. Avista serves residential, commercial, and industrial customers, delivering natural gas for heating, cooking, and other energy needs. With approximately 1.5K employees, Avista generates an estimated annual revenue of 1.8B$. Committed to customer satisfaction and environmental stewardship, Avista continues to play a significant role in the natural gas utilities industry.
#24 ONE Gas, Inc.
Employees: 3K
Revenue: 2B$
Website: https://www.onegas.com
Description: ONE Gas, Inc. is a natural gas utilities company headquartered in Tulsa, United States. Founded in 2014, the company operates in the Utilities industry, specifically focusing on the distribution and transportation of natural gas. With approximately 3,000 employees, ONE Gas serves residential, commercial, and industrial customers across its service territories. The company's revenue stands at 2 billion dollars, reflecting its significant presence and success in the natural gas utilities sector. ONE Gas is committed to providing safe, reliable, and affordable natural gas services, ensuring the energy needs of its customers are met efficiently and sustainably.
#23 Black Hills Corporation
Employees: 2.0K
Revenue: 2.5B$
Website: https://www.blackhillscorp.com
Description: Black Hills Corporation is a leading company in the Natural Gas Utilities industry. Headquartered in Rapid City, United States, the company was founded in 1941. With approximately 2,000 employees, Black Hills Corporation operates in the North American market, providing natural gas utility services to millions of customers. The company's revenue is estimated to be around 2.5 billion US dollars. Black Hills Corporation is committed to delivering safe, reliable, and affordable energy solutions to its customers while maintaining a strong focus on sustainability and environmental responsibility.
#22 Alliant Energy Corporation
Employees: 4.1K
Revenue: 3.5B$
Website: https://www.alliantenergy.com
Description: Alliant Energy Corporation is a leading natural gas utility company based in Madison, United States. With a history dating back to 1917, the company has established itself as a key player in the natural gas utilities industry. Alliant Energy serves a wide range of customers, including residential, commercial, and industrial sectors, providing reliable and efficient natural gas services. The company's dedicated team of approximately 4.1 thousand employees works tirelessly to ensure the delivery of safe and affordable natural gas to its customers. With an annual revenue of 3.5 billion dollars, Alliant Energy continues to expand its operations and invest in innovative solutions to meet the growing demand for clean and sustainable energy sources.
#21 Evergy, Inc.
Employees: 4K
Revenue: 3.5B$
Website: https://www.evergy.com
Description: Evergy, Inc., headquartered in Kansas City, United States, is a leading company in the Natural Gas Utilities industry. Founded in 2018, the company operates in the Utilities sector, specifically focusing on the distribution and sale of natural gas. With a workforce of approximately 4,000 employees, Evergy is dedicated to delivering safe, reliable, and affordable natural gas to its customers. The company's annual revenue is estimated to be around 3.5 billion dollars, making it a significant player in the industry. Evergy's commitment to providing quality service and meeting the energy needs of its customers positions it as a trusted provider in the Natural Gas Utilities sector.
#20 CMS Energy Corporation
Employees: 8.5K
Revenue: 6.4B$
Website: https://www.cmsenergy.com
Description: CMS Energy Corporation, headquartered in Jackson, Michigan, is a leading natural gas utilities company in the United States. Established in 1886, CMS Energy operates through its subsidiaries, Consumers Energy and CMS Enterprises, to provide natural gas distribution and transportation services to residential, commercial, and industrial customers. The company serves over 1.8 million customers in Michigan and generates electricity from a diverse mix of sources including natural gas, coal, and renewable energy. With a workforce of approximately 8,500 employees, CMS Energy is committed to delivering reliable and affordable energy solutions while promoting environmental stewardship and sustainability.
#19 WEC Energy Group, Inc.
Employees: 8.7K
Revenue: 7.9B$
Website: https://www.wecenergygroup.com
Description: WEC Energy Group, Inc. is a leading natural gas utilities company headquartered in Milwaukee, United States. Founded in 1896, the company has a workforce of approximately 8.7 thousand employees. With a revenue of 7.9 billion dollars, WEC Energy Group operates in the natural gas utilities industry, providing reliable and affordable energy solutions to customers across North America. The company focuses on delivering natural gas services to residential, commercial, and industrial customers, ensuring the efficient and safe distribution of this clean energy source. Through its subsidiaries, WEC Energy Group is committed to meeting the energy needs of its customers while prioritizing sustainability and environmental stewardship.
#18 NiSource Inc.
Employees: 8K
Revenue: 8B$
Website: https://www.nisource.com
Description: NiSource Inc. is a leading natural gas utility company based in Merrillville, United States. With its headquarters in North America, the company operates in the Natural Gas Utilities industry. Founded in 1912, NiSource serves millions of customers across the United States, delivering safe and reliable natural gas to homes and businesses. With a workforce of approximately 8,000 employees, the company is committed to providing affordable and sustainable energy solutions. NiSource has achieved significant growth and success, generating an annual revenue of 8 billion dollars. Through its extensive network of pipelines and infrastructure, NiSource plays a vital role in meeting the energy needs of communities and powering economic development.
#17 Public Service Enterprise Group Incorporated
Employees: 13K
Revenue: 9.2B$
Website: https://www.pseg.com
Description: Public Service Enterprise Group Incorporated, headquartered in Newark, United States, is a leading company in the Natural Gas Utilities industry. With a history dating back to 1903, the company has established itself as a key player in the sector. Public Service Enterprise Group operates in the distribution and transmission of natural gas, ensuring reliable and efficient delivery to its customers. The company is committed to providing safe and affordable natural gas services, while also promoting environmental stewardship. With a workforce of approximately 13,000 employees, Public Service Enterprise Group generated a revenue of 9.2 billion dollars in the latest fiscal year. For more information about their operations and services, visit their website at https://www.pseg.com.
#16 Eversource Energy
Employees: 9.0K
Revenue: 9.5B$
Website: https://www.eversource.com/
Description: Eversource Energy is a leading natural gas utility company headquartered in Boston, United States. With a history dating back to 1966, the company has established itself as a prominent player in the utilities industry. Eversource Energy operates in the natural gas utilities sector, providing reliable and efficient gas distribution services to residential, commercial, and industrial customers. The company's commitment to safety, environmental stewardship, and customer satisfaction has earned them a strong reputation in the industry. With approximately 9,000 employees, Eversource Energy continues to deliver high-quality natural gas services while embracing innovation and sustainability. Their revenue stands at 9.5 billion dollars, reflecting their strong position in the market.
#15 Entergy Corporation
Employees: 13K
Revenue: 11B$
Website: https://www.entergy.com
Description: Entergy Corporation, headquartered in New Orleans, United States, is a leading player in the Natural Gas Utilities industry. Founded in 1913, the company has a workforce of approximately 13,000 employees. With annual revenue of around 11 billion dollars, Entergy Corporation operates in the Utilities sector, specifically in the Natural Gas Utilities segment. The company provides natural gas utility services to customers, offering reliable and affordable energy solutions. Entergy Corporation is committed to meeting the energy needs of communities it serves, while also prioritizing sustainability and environmental stewardship.
#14 Xcel Energy Inc.
Employees: 12K
Revenue: 11.5B$
Website: https://www.xcelenergy.com/
Description: Xcel Energy Inc. is a leading Natural Gas Utilities company based in Minneapolis, United States. With a history dating back to 1909, the company has established itself as a prominent player in the industry. Xcel Energy operates as a regulated electric and natural gas utility, providing reliable and sustainable energy solutions to customers across its service territories. The company focuses on generating, transmitting, and distributing electricity and natural gas to residential, commercial, and industrial customers. With a workforce of approximately 12,000 employees, Xcel Energy is committed to delivering safe, clean, and affordable energy to its customers while contributing to the transition to a more sustainable energy future.
#13 Sempra Energy
Employees: 18K
Revenue: 11.7B$
Website: https://www.sempra.com
Description: Sempra Energy is a leading natural gas utilities company based in San Diego, United States. Founded in 1998, the company operates in the Utilities industry, specifically focusing on natural gas utilities. With approximately 18,000 employees, Sempra Energy is dedicated to delivering energy to millions of customers across North America. The company generates an estimated annual revenue of 11.7 billion USD. Sempra Energy plays a crucial role in the distribution, transmission, and storage of natural gas, ensuring reliable and efficient energy supply to meet the demands of residential, commercial, and industrial sectors.
#12 DTE Energy Company
Employees: 10K
Revenue: 12B$
Website: https://www.dteenergy.com
Description: DTE Energy Company, headquartered in Detroit, United States, is a leading player in the Natural Gas Utilities industry. With a history dating back to 1849, the company has established itself as a prominent provider of natural gas services in North America. DTE Energy operates a vast network of pipelines, storage facilities, and distribution systems to deliver reliable and affordable natural gas to residential, commercial, and industrial customers. The company's commitment to safety, environmental stewardship, and customer satisfaction has earned it a strong reputation in the industry. DTE Energy continues to invest in infrastructure and innovative technologies to enhance its operations and meet the evolving energy needs of its customers.
#11 Edison International
Employees: 12K
Revenue: 12B$
Website: https://www.edison.com/
Description: Edison International, headquartered in Rosemead, United States, is a leading player in the Natural Gas Utilities industry. With a history dating back to 1886, the company has established itself as a pioneer in the sector. Edison International operates primarily in North America, providing natural gas utility services to millions of customers. With a workforce of approximately 12,000 employees, the company ensures the safe and reliable delivery of natural gas to residential, commercial, and industrial customers. Edison International has achieved significant success and generated impressive revenue, with an estimated annual revenue of 12 billion US dollars.
#10 PPL Corporation
Employees: 12K
Revenue: 12.5B$
Website: https://www.pplweb.com
Description: PPL Corporation is a leading natural gas utilities company based in Allentown, United States. Founded in 1920, the company operates in the Utilities industry, specifically in the Natural Gas Utilities sector. With a workforce of approximately 12,000 employees, PPL Corporation is dedicated to providing reliable and affordable natural gas services to customers across North America. The company's annual revenue is estimated to be around 12.5 billion dollars. PPL Corporation prides itself on its commitment to safety, sustainability, and customer satisfaction, and continues to invest in modernizing and expanding its natural gas infrastructure to meet the growing energy needs of its customers.
#9 National Grid Plc
Employees: 23K
Revenue: 15B$
Website: https://www.nationalgrid.com
Description: National Grid Plc is a leading company in the Natural Gas Utilities industry. Headquartered in London, United Kingdom, the company operates in Europe and the United States. With a workforce of approximately 23,000 employees, National Grid is responsible for the transmission and distribution of natural gas to millions of customers. The company was founded in 1990 and has since played a crucial role in ensuring the reliable and safe supply of natural gas to homes and businesses. National Grid generates an annual revenue of around 15 billion dollars, making it one of the key players in the utilities sector.
#8 CenterPoint Energy, Inc.
Employees: 8K
Revenue: 15B$
Website: https://www.centerpointenergy.com
Description: CenterPoint Energy, Inc. is a natural gas utility company headquartered in Houston, United States. Established in 1866, the company operates in the Natural Gas Utilities industry. With approximately 8,000 employees, CenterPoint Energy serves as a leading provider of natural gas distribution services, delivering reliable and safe energy to residential, commercial, and industrial customers. The company's operations focus on delivering natural gas to customers' homes and businesses, maintaining and operating natural gas distribution systems, and ensuring the safe and efficient transportation of natural gas across its service territory. CenterPoint Energy is committed to providing exceptional customer service, investing in infrastructure improvements, and promoting energy efficiency initiatives to meet the evolving needs of its customers and contribute to the sustainable development of the natural gas industry.
#7 Dominion Energy, Inc.
Employees: 21K
Revenue: 16B$
Website: https://www.dominionenergy.com
Description: Dominion Energy, Inc. is a leading natural gas utility company based in Richmond, Virginia. With its headquarters in North America, Dominion Energy operates in the Natural Gas Utilities industry. The company was founded in 1983 and currently employs approximately 21,000 individuals. Dominion Energy generates an estimated annual revenue of 16 billion US dollars. As a prominent player in the industry, Dominion Energy focuses on providing safe, reliable, and affordable natural gas services to its customers. Through its extensive infrastructure and operational expertise, the company ensures the delivery of natural gas to residential, commercial, and industrial customers across its service areas.
#6 American Electric Power Company, Inc.
Employees: 17.2K
Revenue: 16.2B$
Website: https://www.aep.com
Description: American Electric Power Company, Inc. (AEP) is a leading natural gas utilities company based in Columbus, United States. With its headquarters in North America, AEP has been operating since 1906. The company has a workforce of approximately 17.2 thousand employees and generates a revenue of around 16.2 billion dollars. AEP is focused on providing reliable natural gas utilities services to customers across the United States. Through its extensive infrastructure and expertise, AEP plays a crucial role in delivering safe and efficient natural gas resources to meet the energy needs of residential, commercial, and industrial sectors.
#5 PG&E Corporation
Employees: 23K
Revenue: 17.1B$
Website: https://www.pgecorp.com/
Description: PG&E Corporation is a leading natural gas utility company based in San Francisco, United States. Founded in 1905, the company has a workforce of approximately 23,000 employees. With an annual revenue of 17.1 billion dollars, PG&E Corporation is committed to providing reliable and safe natural gas services to customers across North America. The company operates a vast network of pipelines and storage facilities to deliver natural gas to residential, commercial, and industrial customers. PG&E Corporation also invests in research and development to ensure the continued improvement of their infrastructure and the adoption of sustainable practices in the natural gas utilities industry.
#4 NextEra Energy, Inc.
Employees: 14.0K
Revenue: 19.2B$
Website: https://www.nexteraenergy.com/
Description: NextEra Energy, Inc. is a leading company in the Natural Gas Utilities industry. Headquartered in Juno Beach, United States, NextEra Energy operates primarily in North America. The company was founded in 1925 and currently employs approximately 14,000 employees. With annual revenue of 19.2 billion USD, NextEra Energy is a major player in the industry. NextEra Energy focuses on the production and distribution of natural gas, providing reliable and sustainable energy solutions to customers. Through its subsidiaries, NextEra Energy operates a diverse portfolio of power generation facilities, including natural gas-fired power plants. The company is committed to driving the transition to clean and renewable energy sources, while ensuring reliable and affordable energy for its customers.
#3 Southern Company
Employees: 25K
Revenue: 23B$
Website: https://www.southerncompany.com
Description: Southern Company is a leading natural gas utilities company headquartered in Atlanta, United States. With a history dating back to 1945, the company has established itself as a prominent player in the utilities industry. Southern Company specializes in the generation, transmission, and distribution of electricity, including natural gas-fired power plants. The company operates a vast network of infrastructure to deliver reliable and affordable energy to millions of customers across the United States. With a workforce of approximately 25,000 employees, Southern Company is committed to providing sustainable energy solutions and driving innovation in the natural gas utilities sector.
#2 Duke Energy Corporation
Employees: 28K
Revenue: 24.1B$
Website: https://www.duke-energy.com/
Description: Duke Energy Corporation, headquartered in Charlotte, North America, is a leading player in the Natural Gas Utilities industry. Founded in 1904, the company has a workforce of approximately 28,000 employees. With a revenue of 24.1 billion dollars, Duke Energy operates in the Utilities sector, specifically focusing on natural gas utilities. The company is committed to providing reliable and affordable energy solutions to its customers, ensuring efficient and sustainable operations in the natural gas sector. Through its comprehensive portfolio of natural gas assets and infrastructure, Duke Energy plays a crucial role in delivering clean and efficient energy to communities across the United States.
#1 Exelon Corporation
Employees: 34K
Revenue: 34B$
Website: https://www.exeloncorp.com
Description: Exelon Corporation, headquartered in Chicago, United States, is a leading player in the Natural Gas Utilities industry. Founded in 2000, the company has grown to employ approximately 34,000 employees. With a revenue of around 34 billion dollars, Exelon Corporation operates in the Utilities sector, specifically focusing on the distribution and supply of natural gas. The company has established its presence as a key player in the industry, providing reliable and efficient natural gas services to customers across North America. Exelon Corporation continues to drive innovation and sustainability in the Natural Gas Utilities sector, contributing to the overall development and growth of the industry.
Summary
The natural gas utilities sub-industry is a crucial part of the utilities sector, providing gas distribution services to residential, commercial, and industrial customers. The top companies in this sub-industry have achieved impressive rankings and significant accomplishments.
One unexpected finding is the increasing focus on renewable natural gas (RNG) among these top companies. RNG is produced from organic waste sources and provides a sustainable alternative to traditional natural gas. Several companies in this sub-industry have made substantial investments in RNG production and are leading the way in renewable energy.
Among the premier companies in the natural gas utilities sub-industry are Dominion Energy, Sempra Energy, and National Grid. These companies have established themselves as leaders in the field, with a strong presence in their respective markets.
One shared element among these leading firms is their commitment to infrastructure development. They have invested heavily in expanding and upgrading their gas distribution networks, ensuring reliable and efficient service to their customers. Additionally, these companies have implemented advanced technologies to monitor and manage their infrastructure effectively.
What sets these eminent companies apart from their industry rivals is their focus on sustainability and environmental stewardship. They have implemented initiatives to reduce greenhouse gas emissions, improve energy efficiency, and explore renewable energy sources. By adopting innovative practices, they are not only meeting regulatory requirements but also contributing to a greener and more sustainable future.