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Xcel Energy XEL Q4 2025 Annual earnings

Reported February 5, 2026 · Before market open

Revenue$3.6BMiss by $65.7M
EPS$0.96Miss by $0.00
Revenue estimate$3.6B
EPS estimate$0.96

Next report

Oct 29, 2026 (in 2 months)
Revenue estimate$4.2B
EPS estimate$1.32

Financials

Q4 2025

Income statement

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Operating income$580.0M+67.1%
Net income$567.0M+22.2%
EPS (diluted)$0.95+17.3%

Balance sheet

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Cash & equivalents$274.0M+53.1%
Total debt$36.1B+23.7%
Total equity$23.6B+20.9%
Total assets$81.4B+16.2%

Cash flow

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Operating cash flow$209.0M-68.5%
CapEx$3.4B+55.1%
Free cash flow-$3.2B-108%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$43.69B+12.7%
Enterprise value$79.5B+17.3%
P/E21.7×+1.6×

Returns & leverage

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Return on equity9.4%-1.1pp
Debt / equity1.5×0.0×
Current ratio0.7×0.0×

Segments

By product

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Retail$2.9B+13.6%
Transmission$164.0M+5.8%
Wholesale$159.0M+10.4%
Other$53.0M-23.2%

By segment

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Regulated Electric$2.8B+16.6%
Regulated Natural Gas$737.0M+6.0%
All Other$15.0M0.0%

FAQ

When did Xcel Energy report Q4 2025 earnings?
Xcel Energy (XEL) reported Q4 2025 earnings on February 5, 2026 before market open.
What were Xcel Energy's Q4 2025 revenue and EPS?
Xcel Energy reported revenue of $3.6B and eps of $0.96 for Q4 2025.
Did Xcel Energy beat estimates in Q4 2025?
Revenue missed the consensus estimate of $3.6B by $65.7M. EPS missed the consensus estimate of $0.96 by $0.00.
How did Xcel Energy's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 14.1% from $3.1B a year earlier and eps grew 18.5% from $0.81.
Where can I find Xcel Energy's Q4 2025 SEC filings?
You can read the 8-K earnings release (0001193125-26-033694) and the 10-K periodic report (0000072903-26-000009) directly on SEC EDGAR. The filing index links above go to sec.gov.