Income Tax
Xcel Energy Income Tax increased by 64.4% to -$47.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 23.0%, from -$61.00M to -$47.00M. Over 4 years (FY 2021 to FY 2025), Income Tax shows a downward trend with a 36.8% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
Changes may reflect shifts in corporate tax law, geographic earnings mix, or the expiration of tax incentives.
Detailed definition
The total amount of income tax a company expects to pay to federal, state, and foreign governments based on its earnings...
Peer comparison
Global companies often have complex tax expenses due to earnings in multiple international jurisdictions.
income_tax_expenseHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | -$38.00M | $43.00M | -$53.00M | -$50.00M | -$74.00M | $44.00M | -$55.00M | -$53.00M | -$88.00M | $40.00M | -$45.00M | -$27.00M | -$88.00M | $10.00M | -$297.00M | -$61.00M | -$60.00M | $8.00M | -$132.00M | -$47.00M |
| QoQ Change | — | +213.2% | -223.3% | +5.7% | -48.0% | +159.5% | -225.0% | +3.6% | -66.0% | +145.5% | -212.5% | +40.0% | -225.9% | +111.4% | <-999% | +79.5% | +1.6% | +113.3% | <-999% | +64.4% |
| YoY Change | — | — | — | — | -94.7% | +2.3% | -3.8% | -6.0% | -18.9% | -9.1% | +18.2% | +49.1% | +0.0% | -75.0% | -560.0% | -125.9% | +31.8% | -20.0% | +55.6% | +23.0% |
Business Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Regulated Electric | -$73.00M | $55.00M | — | -$95.00M | -$48.00M | $55.00M | — | -$77.00M |
| Regulated Natural Gas | -$3.00M | -$18.00M | — | $61.00M | -$4.00M | -$20.00M | — | $52.00M |
| Regulated Electric Segment | -$73.00M | $55.00M | -$335.00M | -$95.00M | — | — | -$177.00M | — |
| Regulated Natural Gas Segment | -$3.00M | -$18.00M | $34.00M | $61.00M | — | — | $30.00M | — |
| Total | -$88.00M | $10.00M | -$297.00M | -$61.00M | -$60.00M | $8.00M | -$132.00M | -$47.00M |
All Other is derived from annual filings.
All Other, Regulated Electric, Regulated Natural Gas were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Income Tax at Other Companies
Frequently Asked Questions
- What is Xcel Energy's income tax?
- Xcel Energy (XEL) reported income tax of -$47.00M in Q1 2026.
- How has Xcel Energy's income tax changed year-over-year?
- Xcel Energy's income tax increased by 23.0% year-over-year, from -$61.00M to -$47.00M.
- What is the long-term trend for Xcel Energy's income tax?
- Over 4 years (2021 to 2025), Xcel Energy's income tax has grown at a 36.8% compound annual growth rate (CAGR), from -$70.00M to -$245.00M.
- What does income tax mean?
- The amount of money a company sets aside to pay its corporate income taxes.