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Electric & Other Services Combined SIC 4931
30 companies filing with the SEC under SIC 4931. Median revenue growth +7% year on year in Q3 2026 (middle half +5% to +12%, 24 companies). The growth model expects the industry's combined revenue to grow +4% in Q3 2026. 11 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.
- AEE → AILIH 28% of the supplier's revenue, $2.5B
- WMB → DUK 9% of the supplier's revenue, $1.1B
- Northwest Pipeline LLC → DUK 9% of the supplier's revenue, $1.1B
- CWEN → PCG 26% of the supplier's revenue, $372M
- Clearway Energy LLC → PCG 26% of the supplier's revenue, $372M
- PCG → ARE
- Davey Tree Expert Co → PCG
- BKH → NWE
- DUK → MOS
- XEL → Northern States Power Co
- XEL → Public Service Co of Colorado
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 | +3.8% | $63.2B | $59.7B – $66.8B |
| Q4 2026 | +4.5% | $49.1B | $46.0B – $52.2B |
| Q1 2027 | +4.6% | $68.1B | $63.7B – $72.4B |
| Q2 2027 | +4.4% | $49.4B | $46.2B – $52.6B |
Capital spending and supply chain →
Companies
| Company | Quarterly revenue | Y/Y | Stage |
|---|---|---|---|
| DUK Duke Energy | $9.1B | +7% | mature |
| Pepco Holdings LLC | $7.3B | +9% | mature |
| EXC Exelon | $7.2B | — | reacceleration |
| PCG PG&E | $6.2B | -1% | mature |
| ED Consolidated Edison | $4.9B | +8% | deceleration |
| XEL Xcel Energy | $4.2B | +7% | mature |
| Consolidated Edison Co of New York | $4.1B | — | transition |
| PEG Public Service Enterprise Group | $3.0B | -6% | mature |
| AEE Ameren | $2.9B | +7% | mature |
| WEC WEC Energy Group | $2.3B | +9% | mature |
| CMS CMS Energy | $2.2B | +8% | reacceleration |
| EVRG Evergy | $2.1B | +16% | reacceleration |
| Northern States Power | $1.8B | +5% | mature |
| Evergy Kansas Central | $1.5B | +16% | reacceleration |
| Public Service Co of Colorado | $1.5B | +5% | mature |
| Arizona Public Service | $1.5B | — | deceleration |
| NI NiSource | $1.3B | +5% | mature |
| LNT Alliant Energy | $1.3B | +6% | mature |
| Southwestern Public Service | $738M | +13% | reacceleration |
| Wisconsin Public Service | $483M | +4% | mature |
| NWE NorthWestern Energy Group | $424M | +10% | deceleration |
| AVA Avista | $421M | +4% | mature |
| DPL LLC | $356M | +21% | expansion |
| Dayton Power & Light | $353M | +21% | expansion |
| Northern States Power | $350M | +13% | reacceleration |
| Madison Gas & Electric | $161M | — | deceleration |
| GNE Genie Energy | $127M | -8% | contraction |
| UTL Unitil | $113M | +11% | transition |
| CPWR Ocean Thermal Energy | $92K | — | contraction |
| GRDX GridAI Technologies | $86K | — | — |
Growth from positive, comparable quarterly revenue as filed; industries are SEC Standard Industrial Classification codes. Data Nov 8, 2026.