Global Utilities Strong Past Earnings Growth, P/E Ratio Below 20

Dubai Electricity and Water Authority (PJSC)

Market Cap: د.إ137.5b

Generates, transmits, and distributes electricity for residential, commercial, industrial, and government customers primarily in Dubai.

Enel Américas

Market Cap: CL$9.0t

Generates, transmits, and distributes electricity in Brazil, Colombia, Central America, Argentina.

Hubei Energy Group

Market Cap: CN¥33.0b

Engages in the investment, development, and management of hydropower, thermal power, new energy power generation, nuclear power, and natural electricity in China and Peru.

Pampa Energía

Market Cap: AR$7.1t

Operates as an integrated power company in Argentina.

Inter RAO UES

Market Cap: ₽250.0b

Public Joint Stock Company Inter RAO UES operates as a diversified energy holding company in Russia and internationally.

Foran Energy Group

Market Cap: CN¥14.5b

Foran Energy Group Co., Ltd. transports and sells natural gas in China.

Premier Energy

Market Cap: RON 7.7b

Operates as an integrated energy and power infrastructure company in Romania, Moldova, Hungary, and Serbia.

Enerya Enerji Anonim Sirketi

Market Cap: ₺76.2b

Engages in the wholesale and retail distribution of natural gas in Turkey.

Guangdong Baolihua New Energy Stock

Market Cap: CN¥10.5b

Guangdong Baolihua New Energy Stock Co., Ltd.

Companhia Distribuidora de Gás do Rio de Janeiro - CEG

Market Cap: R$7.4b

Engages in the distribution of natural gas in Brazil.

Copperbelt Energy

Market Cap: K26.1b

Engages in the generation, distribution, transmission, sale, and trade of electricity to mining customers in Zambia and the Democratic Republic of Congo (DRC).

Rosseti Lenenergo

Market Cap: ₽72.4b

Public Joint stock company Rosseti Lenenergo engages in the transmission and distribution of electricity in the Russian Federation.

Pluz Energía PerúA

Market Cap: S/3.9b

Distributes electricity in Peru.

Second Generating Company of the Electric Power Wholesale Market

Market Cap: ₽64.8b

Public Joint-Stock Company "Second Generating Company of the Electric Power Wholesale Market", together with its subsidiaries, generates and sells electricity and thermal energy in Russia.

Inversiones Aguas Metropolitanas

Market Cap: CL$943.7b

Through its subsidiaries, engages in the sanitation business in Chile.

Phoenix Power Company SAOG

Market Cap: ر.ع394.9m

Owns, designs, develops, constructs, operates, maintains, finances, and insures power generating stations, associated gas interconnection facilities, and other related infrastructure in the Sultanate of Oman.

Equatorial Maranhão Distribuidora de Energia

Market Cap: R$4.8b

Equatorial Maranhão Distribuidora de Energia S.A.

Rosseti Moscow Region

Market Cap: ₽42.9b

Public Joint-Stock Company "Rosseti Moscow Region", together with its subsidiaries, engages in the transmission of electricity through electrical networks primarily in Moscow, Russia.

Shizuoka Gas

Market Cap: JP¥91.2b

Produces, supplies, and sells city gas in Japan.

Naturgy BAN

Market Cap: AR$642.9b

Engages in natural gas distribution business.

Xinjiang Torch Gas

Market Cap: CN¥2.7b

Operates as a gas service company in China.

Rosseti Centre and Volga region

Market Cap: ₽20.3b

Public Joint stock company Rosseti Centre and Volga region, together with its subsidiaries, engages in the transmission and distribution of electricity in Russia.

Transnational

Market Cap: ₦396.3b

Together with the subsidiaries, engages in the power, oil and gas, and hospitality businesses in Nigeria.

Vinacomin - Power Holding

Market Cap: ₫7.6t

Engages in the investment, construction, exploitation, and operation of thermal power, hydropower plants, power plants using new and renewable energy sources, and electricity supply systems in Vietnam.

Keiyo Gas

Market Cap: JP¥44.5b

Engages in the production, supply, and sale of gas in Japan.

Central Costanera

Market Cap: AR$377.0b

Generates, transports, trades, and distributes electrical energy in Argentina.

Hua Na Hydropower

Market Cap: ₫5.1t

Engages in the investment, production, and trading of electricity in Vietnam.

HIROSHIMA GASLtd

Market Cap: JP¥28.0b

Engages in the gas business in Japan.

EGP Energy

Market Cap: S$190.5m

Operates as an electrical infrastructure solutions and service provider for transmission and distribution projects in Singapore.

Daesung Energy

Market Cap: ₩181.4b

Supplies natural gas primarily in South Korea.

AB Kauno Energija

Market Cap: €89.9m

Together with its subsidiary UAB GO Energy LT, generates and supplies heat to consumers in the cities of Kaunas and Jurbarkas in Lithuania.

Afluente Transmissão de Energia Elétrica

Market Cap: R$447.9m

Afluente Transmissão de Energia Elétrica S.A.

Song Ba

Market Cap: ₫1.5t

Invests in the construction of hydropower projects in Vietnam.

Vallibel Power Erathna

Market Cap: LK₨11.4b

Engages in generation and sale of hydropower energy to the Ceylon Electricity Board in Sri Lanka.

TNS energo Mari El

Market Cap: ₽2.0b

Public Joint-stock Company TNS energo Mari El supplies electricity in the Republic of Mari El.

IDICO Urban and House Development Investment

Market Cap: ₫460.7b

Engages in the supply in electricity in Vietnam.