Berkshire Hathaway’s Big Utility Business Could Be Worth Close to $100 Billion

April 17, 2026 - 19:41

Berkshire Hathaway's sprawling utility business, a cornerstone of Warren Buffett's conglomerate, is now estimated to be worth close to $100 billion. This immense valuation highlights the quiet but formidable growth of the energy division within the Omaha-based investment giant.

The portfolio, anchored by Berkshire Hathaway Energy, operates a vast network of regulated utilities providing essential power and natural gas to millions of customers across the United States and Canada. Its holdings include major names like PacifiCorp, MidAmerican Energy, and several gas pipeline networks. This scale and geographic diversity have cemented its position as a massive, reliable earnings engine for the parent company.

Analysts note that if this utility segment were an independent, publicly traded entity, its estimated market capitalization would likely place it among the top five utility companies in the nation. The valuation reflects not only the sheer size of its assets but also the stable, regulated returns that are highly prized in the utility sector. This segment continues to be a significant part of Berkshire's long-term strategy, investing heavily in infrastructure and renewable energy projects to ensure its future growth and resilience.