Filing Flows › Industries › Utilities › Electric Services
Electric Services SIC 4911
58 companies filing with the SEC under SIC 4911. Median revenue growth +10% year on year in Q3 2026 (middle half +4% to +14%, 35 companies). The growth model expects the industry's combined revenue to grow +12% in Q3 2026. 20 customer or supplier links named in annual reports.
Money flow: where the industry's revenue goes
Drawn in the browser: an estimate of where the industry's revenue goes — what it buys from other industries, the pay that reaches households, taxes and profit — beside its filed cash flow, two tiers of suppliers and its capital spending by kind of asset.
Open the industry: growth distribution, money flow, network →
Who sells to whom
Customers and suppliers named in the companies' annual reports; the share is of the supplier's revenue.
- AEP Texas Inc. → NRG Energy and Vistra Corp 38% of the supplier's revenue, $8.3B
- Oncor Electric Delivery Co LLC → NRG 25% of the supplier's revenue, $1.7B
- ETR → EMP 10% of the supplier's revenue, $1.3B
- ETR → ETI-P 10% of the supplier's revenue, $1.2B
- ETR → ELC 9% of the supplier's revenue, $1.2B
- ETR → EAI 9% of the supplier's revenue, $1.2B
- ETR → ENJ 9% of the supplier's revenue, $1.1B
- Tri-State Generation & Transmission Association, Inc. → United Power, Inc 24% of the supplier's revenue, $392M
- ITC Holdings Corp. → CMS-PB 22% of the supplier's revenue, $388M
- CWEN → PCG 26% of the supplier's revenue, $372M
- Clearway Energy LLC → PCG 26% of the supplier's revenue, $372M
- Hawaiian Electric Co Inc → U.S. government 11% of the supplier's revenue, $354M
- HE → U.S. government 11% of the supplier's revenue, $340M
- XIFR → SCE-PM 15% of the supplier's revenue, $178M
- XIFR → PCG-PA 14% of the supplier's revenue, $166M
- EAI → ETR
- DTE → NFG
- ARLP → AEP
- ETI-P → ETR
- BKH → NWE
Growth model
Industry revenue, the same companies year on year; 80% ranges. Fitted on SEC filings and tested out of sample (how).
| Quarter | Growth Y/Y | Revenue | 80% range |
|---|---|---|---|
| Q3 2026 | +11.7% | $121.8B | $115.1B – $128.5B |
| Q4 2026 | +12.6% | $99.6B | $93.7B – $105.5B |
| Q1 2027 | +12.0% | $124.0B | $116.5B – $131.4B |
| Q2 2027 | +10.9% | $109.1B | $102.5B – $115.7B |
Capital spending and supply chain →
Companies
| Company | Quarterly revenue | Y/Y | Stage |
|---|---|---|---|
| Southern Power | $8.8B | +13% | reacceleration |
| NEE NextEra Energy | $8.1B | +2% | deceleration |
| Florida Power & Light | $7.5B | +2% | deceleration |
| CEG Constellation Energy | $7.5B | — | deceleration |
| NRG NRG Energy | $7.5B | — | deceleration |
| SO Southern | $7.0B | — | deceleration |
| AEP Texas | $6.8B | +14% | transition |
| VST Vistra | $6.3B | +28% | reacceleration |
| D Dominion Energy | $5.6B | +24% | expansion |
| AEP American Electric Power | $5.4B | — | mature |
| EIX Edison International | $4.9B | -15% | contraction |
| FirstEnergy Pennsylvania Electric | $4.6B | +10% | mature |
| ETI-P Entergy Texas | $4.4B | +15% | reacceleration |
| DTE DTE Energy | $3.7B | +6% | mature |
| FE Firstenergy | $3.7B | — | mature |
| EAI Entergy Arkansas, LLC | $3.5B | +15% | reacceleration |
| TVE Tennessee Valley Authority | $3.4B | — | mature |
| ETR Entergy | $3.2B | — | transition |
| Public Service Co of New Hampshire | $3.0B | -8% | contraction |
| PPL PPL | $2.5B | +12% | transition |
| Oncor Electric Delivery Co LLC | $2.3B | +24% | transition |
| CNP CenterPoint Energy | $2.2B | +10% | transition |
| PNW Pinnacle West Capital | $2.0B | +8% | mature |
| WELPP Wisconsin Electric Power | $1.4B | +14% | reacceleration |
| TLN Talen Energy | $1.3B | +63% | expansion |
| Puget Energy | $1.3B | +14% | transition |
| OGE OGE Energy | $1.2B | +13% | reacceleration |
| HE Hawaiian Electric Industries | $1.0B | +28% | expansion |
| POR Portland General Electric | $971M | +2% | mature |
| Hawaiian Electric | $940M | — | reacceleration |
| Tampa Electric | $893M | -3% | mature |
| Basin Electric Power Cooperative | $822M | — | transition |
| TXNM Txnm Energy | $733M | +13% | transition |
| IDA Idacorp | $615M | +17% | reacceleration |
| Oglethorpe Power | $589M | — | contraction |
| Ipalco Enterprises | $582M | +10% | mature |
| Tucson Electric Power | $566M | +4% | mature |
| CWEN Clearway Energy | $481M | — | expansion |
| Clearway Energy LLC | $481M | — | expansion |
| FirstEnergy Transmission, LLC | $479M | +3% | deceleration |
| Tri-State Generation & Transmission Association | $476M | +4% | mature |
| ITC Holdings | $476M | +5% | mature |
| BKH Black Hills | $466M | +8% | mature |
| Cleco Corporate Holdings LLC | $429M | +5% | mature |
| Old Dominion Electric Cooperative | $387M | — | expansion |
| Cleco Power LLC | $342M | — | deceleration |
| XIFR Xplr Infrastructure, LP | $332M | +5% | mature |
| OTTR Otter Tail | $317M | -3% | mature |
| ORA Ormat Technologies | $275M | +10% | transition |
| HNRG Hallador Energy | $102M | — | mature |
| Greenbacker Renewable Energy Co LLC | $41.9M | — | transition |
| SPRU Spruce Power Holding | $30.3M | — | contraction |
| BESS Bimergen Energy | $7.9M | — | reacceleration |
| OKLO Oklo | $1.9M | — | — |
| OPTT Ocean Power Technologies | $1.7M | — | expansion |
| NNE Nano Nuclear Energy | $214K | — | — |
| FRVO Fervo Energy | $113K | — | — |
| AMFN American Fusion | $58K | — | — |
Growth from positive, comparable quarterly revenue as filed; industries are SEC Standard Industrial Classification codes. Data Nov 8, 2026.