Income StatementBalance SheetCash FlowSegments
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Xcel Energy Income Statement

Revenue, expenses, and profitability over time

Xcel Energy generated $11.6B in trailing twelve-month revenue, up 0.0% year-over-year. Net income was $2.1B with a 18.01% net margin. Diluted EPS is $3.47, which grew 0.0% year-over-year. Based on the Q3 2019 filing.

Operating Income (TTM)$2.7BNet Income (TTM)$2.1BEps Diluted (TTM)$3.47
Latest FilingQ3 2019
Report Date2019-10-25
Market Cap$49.9B
P/E Ratio23.85
ROE9.59%

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Common Stock Issued for Business Acquisition—$18.0M$21.0M$24.0M—$18.0M
Share-based compensation expense related to employee stock plans—$9.0M$13.0M$16.0M—-$4.0M
Allowance for equity funds used during construction—$48.0M$69.0M$79.0M—$92.0M
ATM Program Total Available Proceeds———$4.0B—$4.0B
Debt securities, available-for-sale, unrealized gain$0.0$1.4B$200.0M$100.0M$100.0M$1.7B
Debt securities, available-for-sale, unrealized loss$26.0M$40.0M$7.0M-$3.0M$3.0M$48.0M
Capital investments accrued but not yet paid—$891.0M$190.0M$169.0M—$1.3B
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect and Discontinued Operation—$944.0M$331.0M-$402.0M—$1.5B
Comprehensive Income (Loss), Net of Tax, Attributable to Parent—$479.0M$450.0M$525.0M—$560.0M
Conservation and Demand Side Management Program Expenses$99.0M$110.0M$88.0M$101.0M$107.0M$121.0M
Cost of natural gas sold and transported$287.0M$513.0M$134.0M$61.0M$333.0M$520.0M
Deferred taxes—$13.0M$269.0M$113.0M—-$5.0M
Depreciation, Amortization and Accretion, Net—$734.0M$727.0M$755.0M—$767.0M
Dividends, Common Stock—$328.0M$337.0M$337.0M—$370.0M
AFUDC equity—-3.0%———-3.4%
AFUDC equity—-$13.0M———-$17.0M
Other—$4.0M———$4.0M
Other—0.8%———0.8%
Plant related excess deferred taxes—-$14.0M———-$15.0M
Plant related excess deferred taxes—-3.2%———-2.9%
Effective Income Tax Rate Reconciliation, Tax Credit, Other, Percent—1.0%———0.7%
Electric fuel and purchased power$925.0M$1.0B$918.0M$1.1B$925.0M$1.0B
Finance Lease, Cost—$5.0M$4.0M$18.0M—$32.0M
Effective Income Tax Rate Reconciliation, Other Adjustments, Amount—$2.0M———-$4.0M
Effective Income Tax Rate Reconciliation, Tax Credit, Other, Amount—$4.0M———$3.0M
Increase (Decrease) in Accounts and Other Receivables—$58.0M-$143.0M$117.0M—$30.0M
Accounts payable—-$105.0M-$49.0M$69.0M—-$191.0M
Accrued compensation and employee benefits—-$124.0M$9.0M$13.0M—-$77.0M
Increase (Decrease) in Inventories—$4.0M$93.0M$105.0M—-$2.0M
Increase (Decrease) in Other Current Assets—$18.0M-$107.0M-$53.0M—-$415.0M
Increase (decrease) in other current liabilities—$29.0M-$319.0M$492.0M—$110.0M
Increase (Decrease) in Regulatory Assets and Liabilities—-$25.0M$75.0M$63.0M—-$87.0M
Increase (Decrease) in Accrued Unbilled Revenues—-$63.0M$53.0M-$56.0M—-$134.0M
Add - Incremental shares under stock-based compensation plans (in shares)—1.4M2M3.1M—2M
Interest and Debt Expense$297.0M$309.0M$322.0M$348.0M$364.0M$372.0M
Interest Paid, Excluding Capitalized Interest, Operating Activity—$252.0M$331.0M$249.0M—$283.0M
Inventory transfers to property, plant and equipment$41.0M$61.0M$156.0M$71.0M$60.0M$59.0M
Marshall Wildfire litigation$0.0$74.0M$74.0M$74.0M$74.0M—
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation—$1.9B$1.7B$895.0M—$2.8B
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation—-$2.0B-$2.4B-$3.1B—-$3.0B
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation—$1.0B$1.1B$1.8B—$1.7B
Nuclear Fuel Amortization—$29.0M$26.0M$32.0M—$27.0M
Other comprehensive income/(loss)—-$4.0M$6.0M$1.0M—$4.0M
Other income, net (Note 6)$68.0M$7.0M$68.0M$46.0M$114.0M$22.0M
All other operating activities—-$28.0M-$26.0M-$5.0M—-$24.0M
Payment for (Proceeds from) Other Investing Activity—$2.0M$12.0M$5.0M—-$3.0M
Payments of Dividends—$306.0M$319.0M$329.0M—$347.0M
Payments to Acquire Investments—$241.0M$330.0M$283.0M—$763.0M
Payments to Acquire Productive Assets—$2.0B$2.4B$3.1B—$3.0B
Proceeds from Issuance of Common Stock—$122.0M$1.0B$8.0M—$1.0M
Debt issued (Note 13)—$2.1B$1.8B$990.0M—$3.3B
Financing — other—-$10.0M$2.0M$7.0M—-$35.0M
Proceeds from (Repayments of) Short-Term Debt—$24.0M$101.0M$510.0M—-$70.0M
Other investments, net of payments  —$240.0M$330.0M$281.0M—$763.0M
Provision for bad debts—$19.0M$12.0M$16.0M—$13.0M
Public Utilities, Allowance For Funds Used During Construction, Capitalized Cost Of Debt$22.0M$23.0M$27.0M$36.0M$39.0M$40.0M
Allowance for Funds Used During Construction, Equity$49.0M$48.0M$69.0M$79.0M$85.0M$92.0M
OPERATING REVENUES$3.1B$3.9B$3.3B$3.9B$3.6B$4.0B
Electric$2.4B$2.8B$2.9B$3.6B$2.8B$3.0B
Revenues Including Intersegment Revenues—$3.9B$3.3B$3.9B—$4.0B
Right Of Use Asset Obtained In Exchange For Operating Lease Liability$95.0M$55.0M$104.0M$1.1B$35.0M$48.0M
Issuance of common stock in connection with the Spin-Off and reclassification of net parent investment—$122.0M$1.0B$16.0M—$11.0M
Unrealized Gain Loss On Interest Rate Cash Flow Hedges Pretax Accumulated Other Comprehensive Income Loss—-$5.0M$5.0M$0.0—$3.0M
Utilities Operating Expense, Depreciation and Amortization$702.0M$728.0M$722.0M$750.0M$753.0M$768.0M
Workforce reduction expenses$0.0$0.0$0.0$0.0$0.0—
Cash Flow Hedge Reclassification, After Tax—-$1.0M-$1.0M-$1.0M—-$1.0M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effective Tax Rate, Continuing Operations—-14.5%-15.6%1.5%—-9.2%
Income Tax at U.S. Statutory Rate—$0.2$0.2$0.2—$107.0M
State and Local Income Taxes, Net—$0.0$0.0$0.1—$22.0M
Tax Reconciliation: Other Adjustments—0.8%0.2%0.9%—-0.5%
Tax Reconciliation, Tax Credits—33.1%33.8%17.0%—27.8%
Income tax expense-$297.0M-$61.0M-$60.0M$8.0M-$132.0M-$47.0M
Tax Reconciliation: Tax Credits—$139.0M———$141.0M

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Operating Lease Cost—$70.0M$64.0M$56.0M—$42.0M
Legal expenses—————$40.0M
Stock-based compensation expense—$9.0M$12.0M$17.0M—$11.0M
Other taxes and duties$140.0M$170.0M$172.0M$172.0M$172.0M$183.0M
Operating and maintenance$618.0M$686.0M$675.0M$692.0M$679.0M$675.0M
Amortization of Right-of-Use Assets—$1.0M$1.0M$4.0M—$10.0M
Total operating expenses$2.8B$3.2B$2.7B$3.2B$3.0B$3.3B

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$0.81$0.84$0.76$0.88$0.96$0.89
Diluted earnings per share$0.81$0.84$0.75$0.88$0.95$0.89
Dividends Per Share Declared—$0.57$0.57$0.57—$0.59
Weighted-average shares, basic—575M586M592M—624M
Weighted-average shares, diluted—577M588M595M—626M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income from equity method investments$0.0-$1.0M-$8.0M$6.0M$20.0M$13.0M
Interest expense$319.0M$332.0M$349.0M$384.0M$403.0M$412.0M
Distributions of earnings from equity method investees—$8.0M$8.0M$0.0—$7.0M
Litigation settlement gain (loss)—$0.0—-$287.0M—$22.0M
Finance Lease Interest Expense—$4.0M$3.0M$14.0M—$22.0M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$167.0M$422.0M$384.0M$532.0M$435.0M$509.0M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income$464.0M$483.0M$444.0M$524.0M$567.0M$556.0M

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Operating income$347.0M$677.0M$577.0M$749.0M$580.0M$754.0M

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Regulated natural gas$695.0M$1.1B$396.0M$264.0M$737.0M$1.0B
Nonregulated electric and other$15.0M$16.0M$13.0M$13.0M$15.0M$15.0M

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other cost of operating revenue$2.0M$2.0M$1.0M$5.0M$3.0M$3.0M