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Xcel Energy XEL Q3 2025 earnings

Reported October 30, 2025 · Before market open

Revenue$3.9BBeat by $24.4MDiluted EPS$1.24Miss by $0.08
Revenue estimate$3.9B
EPS estimate$1.32

Next report

Jul 30, 2026 (In 2 weeks)
Revenue estimate$3.6B
EPS estimate$0.77

Financials

Q3 2025

Income statement

See full
Operating income$749.0M-17.8%
Net income$524.0M-23.2%
EPS (diluted)$0.88-27.3%

Balance sheet

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Cash & equivalents$1.1B-31.9%
Total debt$35.6B+19.1%
Total equity$21.2B+9.5%
Total assets$79.2B+14.2%

Cash flow

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Operating cash flow$1.8B+1.6%
CapEx$3.1B+71.7%
Free cash flow-$1.3B-2,971%

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$47.7B+31.1%
Enterprise value$82.21B+27.1%
P/E24.9×+5.6×

Returns & leverage

See full
Return on equity9.4%-0.8pp
Debt / equity1.7×+0.1×
Current ratio0.8×-0.1×

Segments

By product

See full
Retail$3.3B+8.2%
Wholesale$205.0M+7.3%
Transmission$200.0M+7.0%
Other$55.0M+66.7%

By segment

See full
Regulated Electric$3.6B+7.2%
Regulated Natural Gas$264.0M+10.5%
All Other$13.0M+8.3%

Versus estimates

Revenue

Q1 2026$4.0BMiss by $188.3MQ4 2025$3.6BMiss by $65.7M
Q3 2025$3.9BBeat by $24.4M
Q2 2025$3.3BBeat by $76.7MQ1 2025$3.9BMiss by $26.4MQ4 2024$3.1BMiss by $653.6M

Diluted EPS

Q1 2026$0.91Beat by $0.00Q4 2025$0.96Miss by $0.00
Q3 2025$1.24Miss by $0.08
Q2 2025$0.75Beat by $0.10Q1 2025$0.84Miss by $0.08Q4 2024$0.81Miss by $0.06

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Questions, answered.

When did Xcel Energy report Q3 2025 earnings?
Xcel Energy (XEL) reported Q3 2025 earnings on October 30, 2025 before market open.
What were Xcel Energy's Q3 2025 revenue and EPS?
Xcel Energy reported revenue of $3.9B and diluted EPS of $1.24 for Q3 2025.
Did Xcel Energy beat estimates in Q3 2025?
Revenue beat the consensus estimate of $3.9B by $24.4M. EPS missed the consensus estimate of $1.32 by $0.08.
How did Xcel Energy's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 7.4% from $3.6B a year earlier and diluted EPS declined 0.8% from $1.25.
Where can I find Xcel Energy's Q3 2025 SEC filings?
You can read the 10-Q periodic report (0000072903-25-000257) directly on SEC EDGAR. The filing index links above go to sec.gov.