Global Utilities Strong Balance Sheet Stocks

First Philippine Holdings

Market Cap: ₱31.6b

Engages in the power generation, real estate development, energy solutions, construction, and others business in the Philippines.

Tokyo GasLtd

Market Cap: JP¥1.9t

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

Keiyo Gas

Market Cap: JP¥37.6b

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

Megapower Makmur

Market Cap: Rp96.4b

Operates as an independent power producing company in Indonesia.

Telecom Plus

Market Cap: UK£1.5b

Provides utility services in the United Kingdom.

Çan2 Termik

Market Cap: ₺16.8b

Operates a thermal power plant in Turkey.

Atmos Energy

Market Cap: US$26.1b

Engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States.

Magadanenergo

Market Cap: ₽3.3b

Public Joint Stock Company Magadanenergo, together with its subsidiaries, engages in the generation, transmission, and distribution of electricity, gas, and steam in Russia.

Empresas Gasco

Market Cap: CL$248.9b

Provides energy solutions based primarily based on gas in Chile and internationally.

GreenTech Environmental

Market Cap: CN¥2.6b

Engages in the water treatment and waste-to-resources projects in the People’s Republic of China.

GVK Power & Infrastructure

Market Cap: ₹6.2b

Engages in the energy, airport, transportation, hospitality, and life sciences businesses in India and Indonesia.

Guangdong Investment

Market Cap: HK$47.2b

An investment holding company, engages in water resources, property investment and development, department store operation, hotel ownership, energy project operation and management, and road and bridge operation businesses.

Chandra Daya Investasi

Market Cap: Rp169.1t

Operates as an infrastructure investment holding company.

Heilongjiang Interchina Water TreatmentLtd

Market Cap: CN¥4.8b

Engages in the construction and operation of water treatment, environmental protection projects, energy saving and clean energy transformation and other related project and other related projects in China.

Torrent Power

Market Cap: ₹637.2b

Engages in the generation, renewables, transmission and distribution of electricity in India.

HIROSHIMA GASLtd

Market Cap: JP¥26.5b

Engages in the gas business in Japan.

Indochine Import Export Investment Industrial

Market Cap: ₫215.6b

Engages in the research, manufacture, and construction of steam boilers for supplying heat.

Delong Composite Energy Group

Market Cap: CN¥2.3b

Engages in the supply and distribution of natural gas through pipelines for urban residents, commercial users, and industrial users in China.

Tesgas

Market Cap: zł25.5m

Engages in the construction, renovation, and modernization of gas facilities in Poland.

Jilin Province Chuncheng Heating

Market Cap: HK$840.1m

Provides heat supply services in the People's Republic of China.

Al Suwadi Power Company SAOG

Market Cap: ر.ع85.0m

Develops, finances, designs, constructs, operates, maintains, insures, and owns power-generating facilities in Oman.

Pampa Energía

Market Cap: AR$4.8t

Operates as an integrated power company in Argentina.

Grenergy Renovables

Market Cap: €2.0b

Operates as a green energy producer.

RWE

Market Cap: €25.7b

Generates and supplies electricity from renewable and conventional sources in Germany, the United Kingdom, rest of Europe, North America, and internationally.

Otter Tail

Market Cap: US$3.5b

Engages in electric utility, manufacturing, and plastic pipe businesses in the United States.

VERBUND

Market Cap: €20.9b

Generates, trades in, and sells electricity to energy exchange markets, traders, electric utilities and industrial companies, and household and commercial customers in Austria and internationally.

Aksu Enerji ve Ticaret Anonim Sirketi

Market Cap: ₺1.3b

Produces, distributes, and trades electricity in Turkey.

Hun Yenilenebilir Enerji Üretim

Market Cap: ₺3.9b

Engages in the establishment, construction, commissioning, renting, generation, and sale of electrical energy and/or capacity to transmission and distribution companies in Turkey and internationally.

Ahlatci Dogal Gaz Dagitim Enerji ve Yatirim

Market Cap: ₺84.9b

Ahlatci Dogal Gaz Dagitim Enerji ve Yatirim A.S.

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.

Federal Hydro-Generating Company - RusHydro

Market Cap: ₽349.7b

Public Joint-Stock Company Federal Hydro-Generating Company - RusHydro, together with its subsidiaries, generates, transmits, distributes, and sells electricity and heat in Russia.

Kamchatskenergo

Market Cap: ₽7.9b

Public Joint Stock Company Kamchatskenergo engages in the generation, transmission, distribution, and sale of electric and thermal energy in Russia.

Egypt Gas Company SAE

Market Cap: ج.م6.1b

Operates EPC-based natural gas distribution projects in Egypt.

Citra Nusantara Gemilang

Market Cap: Rp269.3b

An energy company, engages in the trading and distribution of natural gas in the form of compressed natural gas to the industrial, retail, and transportation sectors in Indonesia.

Timah Resources

Market Cap: AU$2.9m

Through its subsidiary, engages in the generation of renewable energy in Australia and Malaysia.

Ampla Energia e Serviços

Market Cap: R$4.2b

Engages in the distribution of electricity in the states of Rio de Janeiro in Brazil.