What is Xcel Energy's market cap?

Xcel Energy (XEL) has a market capitalization of $49.7B and trades on NASDAQ.

Who are Xcel Energy's competitors?

Xcel Energy's key competitors include Duke Energy Corporation, NextEra Energy, Inc., NorthWestern Energy Group, Inc. Common Stock, and others. These companies compete in similar markets and product categories.

Who does Xcel Energy partner with?

Xcel Energy's notable partners include Colorado Interstate Gas Company, LLC, Tri-State Generation and Transmission Association, Midcontinent Independent System Operator, Inc., and others.

What subsidiaries does Xcel Energy have?

Xcel Energy's subsidiaries include Northern States Power Company (Minnesota), Northern States Power Company (Wisconsin), Public Service Company of Colorado, and others.

Where is Xcel Energy headquartered?

Xcel Energy is headquartered in United States of America and employs approximately 11,311 people. It has been publicly traded since 1972.

Xcel Energy

XEL

Xcel Energy is a leading U.S. regulated utility holding company that provides a comprehensive portfolio of energy-related products and services to millions of customers across eight states.

Market cap

$49.7B+26.4%

Net income$2.1B+8.3%

Free cash flow-$7.2B-125%

EPS (diluted)$3.47+2.1%

Trailing twelve months · change vs. prior year

Table of contents

Earnings

Q1 2026 report

April 30, 2026

Revenue$4.0BMiss by $188.3M EPS$0.91Beat by $0.00

Read the full report

Next report

Jul 30, 2026 (In 2 weeks)

Revenue estimate$3.6B

EPS estimate$0.77

Financials

Q1 2026

Income statement

See full

Operating income$754.0M+11.4%

Net income$556.0M+15.1%

EPS (diluted)$0.89+6.0%

Balance sheet

See full

Cash & equivalents$1.8B+56.7%

Total debt$39.2B+21.2%

Total equity$23.8B+20.2%

Total assets$84.8B+16.6%

Cash flow

See full

Operating cash flow$1.7B+65.1%

CapEx$3.0B+52.0%

Free cash flow-$1.3B-38.0%

Valuation & ratios

Valuation

See full

Market cap$49.7B+26.4%

Enterprise value$87.19B+22.3%

P/E23.8×+4.8×

Returns & leverage

See full

Return on equity9.6%-0.7pp

Debt / equity1.6×0.0×

Current ratio0.8×0.0×

Segments

By product

See full

Retail$3.3B+1.0%

Wholesale$217.0M+5.3%

Transmission$186.0M+8.1%

Other$62.0M-8.8%

By segment

See full

Regulated Electric$3.0B+5.0%

Regulated Natural Gas$1.0B-2.4%

All Other$15.0M-6.3%

Competitors

By market cap

Nextra Energy$182.37B+19.9%

Duke Energy$98.8B+8.4%

Xcel Energy$49.7B+26.4%

Exelon$48.4B+11.1%

PG&E$37.5B+22.8%

CMS

CMS Energy$23.5B+11.7%

Alliant Energy$19.7B+24.8%

NorthWestern Energy Group, Inc.$4.3B+34.3%

By revenue growth

CMS

CMS Energy+13.3%

Nextra Energy+9.3%

NorthWestern Energy Group, Inc.+9.1%

PG&E+5.3%

Exelon+4.6%

Duke Energy+4.0%

By net margin

Nextra Energy29.64%+7.8pp

Duke Energy15.66%+1.3pp

CMS

CMS Energy12.55%-0.6pp

PG&E11.44%+1.6pp

Exelon11.21%-0.2pp

Xcel Energy11.14%—

NorthWestern Energy Group, Inc.10.21%-5.5pp

Profile

Xcel Energy is a leading U.S. regulated utility holding company that provides a comprehensive portfolio of energy-related products and services to millions of customers across eight states. The company operates through four primary utility subsidiaries, managing an integrated system of electric generation, transmission, and distribution alongside natural gas transportation and storage infrastructure. Its core value proposition centers on leading the clean energy transition by retiring coal assets and expanding renewable energy capacity while maintaining customer affordability and grid reliability.

Competitive position

Xcel Energy holds a dominant, regulated market position within its service territories, characterized by high barriers to entry and state-granted franchises. It is a first-mover in large-scale coal retirement and renewable energy transition among major U.S. investor-owned utilities.

GeographiesMinnesota, Colorado, Texas, New Mexico, Wisconsin, North Dakota, South Dakota, Michigan

Customer segmentsResidential Consumers, Industrial Manufacturers, Data Centers, Municipalities

Business modelRegulated Monopoly, Infrastructure-as-a-Service, Asset-Heavy Operations

SuppliersUranium Producers, Natural Gas Suppliers, Wind and Solar Equipment Manufacturers, Independent Power Producers (IPPs)

CustomersResidential Households, Large Industrial Facilities, Data Center Operators, Electric Vehicle Owners

CountryUnited States of America

Listed1972

Employees11.3K

CEORobert C. Frenzel

SectorUtilities

IndustryRegulated Electric

Websitexcelenergy.com

FilingsSEC EDGAR

Questions, answered.

What is Xcel Energy's market cap?: Xcel Energy (XEL) has a market capitalization of $49.7B and trades on NASDAQ.
Who are Xcel Energy's competitors?: Xcel Energy's key competitors include Duke Energy Corporation, NextEra Energy, Inc., NorthWestern Energy Group, Inc. Common Stock, and others. These companies compete in similar markets and product categories.
Who does Xcel Energy partner with?: Xcel Energy's notable partners include Colorado Interstate Gas Company, LLC, Tri-State Generation and Transmission Association, Midcontinent Independent System Operator, Inc., and others.
What subsidiaries does Xcel Energy have?: Xcel Energy's subsidiaries include Northern States Power Company (Minnesota), Northern States Power Company (Wisconsin), Public Service Company of Colorado, and others.
Where is Xcel Energy headquartered?: Xcel Energy is headquartered in United States of America and employs approximately 11,311 people. It has been publicly traded since 1972.