Utilities Financial ModelsPage 2

Building a utility network uses cash before customers pay for the investment through their bills. The allowed return and timing of rate adjustments determine how that spending becomes earnings. Competitive generators face a different exposure because market power prices influence what their output earns.

EVRG_Financial_Model.xlsx
Metric
2026
2027
Revenue
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EBITDA
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Evergy logo

Evergy

Evergy is a regulated electric utility company that generates, transmits, and distributes electricity to approximately 1.7 million customers across Kansas and Missouri.

PNW_Financial_Model.xlsx
Metric
2026
2027
Revenue
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EBITDA
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Pinnacle West Capital logo

Pinnacle West Capital

Pinnacle West Capital Corporation (NYSE: PNW) is an energy holding company that operates primarily through its principal subsidiary, Arizona Public Service Company (APS).

ATO_Financial_Model.xlsx
Metric
2026
2027
Revenue
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EBITDA
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Atmos Energy logo

Atmos Energy

Atmos Energy Corporation is the largest fully regulated, pure-play natural gas distributor in the United States, serving approximately 3.4 million customers.

AWK_Financial_Model.xlsx
Metric
2026
2027
Revenue
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EBITDA
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American Water Works logo

American Water Works

American Water Works Company, Inc.

LNT_Financial_Model.xlsx
Metric
2026
2027
Revenue
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EBITDA
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Alliant Energy logo

Alliant Energy

Alliant Energy Corporation is a regulated investor-owned public utility holding company providing electricity and natural gas services primarily in the US Midwest.

DTE_Financial_Model.xlsx
Metric
2026
2027
Revenue
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EBITDA
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DTE Energy logo

DTE Energy

DTE Energy is a Detroit-based diversified energy company that operates regulated electric and natural gas utilities in Michigan, alongside non-utility energy businesses.

XEL_Financial_Model.xlsx
Metric
2026
2027
Revenue
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EBITDA
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Xcel Energy logo

Xcel Energy

Xcel Energy is a regulated electric and natural gas utility that generates, transmits, and distributes electricity and natural gas to millions of customers across eight Midwestern and Western U.S. states.

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