5 Biggest Utility Companies in the World

4. Duke Energy Corporation (NYSE:DUK)

Market Cap As of June 17: $75.31B

Headquartered in Charlotte, North Carolina, Duke Energy Corporation (NYSE:DUK) is an electric and natural gas utility holding company, which through its subsidiaries, specializes in the development, ownership and operation of multiple generation facilities in the United States. By market cap, it is one of the largest utility companies in the world, with an estimated annual revenue of $21.72 billion in the fiscal year of 2020. The profit-to-equity ratio of Duke (NYSE:DUK) stands at 22.94 with a dividend yield of 3.60%.

The company has over 29,000 employees, and provides utility services to over 7.2 million customers across the country. Their total assets are worth $162.388 billion with their asset portfolio comprising of nearly 58200 megawatts of base-load and peak generation in the United States. Their service territory covers more than 105,000 square miles with 250,200 miles of distribution lines, one of the most expansive in the country. Almost all of Duke Energy Midwest’s (NYSE:DUK) energy is generated from coal, natural gas or oil, while its generation in Carolina is primarily derived from its nuclear power plants.