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Xcel Energy XEL Accrued Unbilled Revenues

Accrued Unbilled Revenues at other companies

UGI logo
UGIUGI
$91M-9.9%
Unitil logo
UnitilUTL
$78.2M+29.3%
OGS
ONE GASOGS
$121M+1.3%
AWR
American States WaterAWR
$32.16M-9.8%
MGE Energy logo
MGE EnergyMGEE
$31.6M+3.7%
Middlesex Water Company logo
Middlesex Water CompanyMSEX
$10.35M+0.6%

Other financials

Income statement

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Operating income$754.0M+11.4%
Net income$556.0M+15.1%
EPS (diluted)$0.89+6.0%

Balance sheet

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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

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Operating cash flow$1.7B+65.1%
CapEx$3.0B+52.0%
Free cash flow-$1.3B-38.0%

Valuation

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Market cap$50.13B+28.3%
Enterprise value$87.61B+23.4%
P/E24×+5.1×
P/S4.3×

Profitability

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Gross margin66.6%
Operating margin17.2%
Net margin11.1%
FCF margin-9.5%

Returns & leverage

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Return on equity9.6%-0.7pp
Debt / equity1.6×0.0×
Current ratio0.8×0.0×

Where this comes from

Reported directly by Xcel Energy in its filing.

Tagged under the XBRL concept xel:AccruedUnbilledRevenues.

The official record: Xcel Energy’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Xcel Energy's accrued unbilled revenues?
Xcel Energy (XEL) reported accrued unbilled revenues of $746M in Q1 2026.
How has Xcel Energy's accrued unbilled revenues changed year-over-year?
Xcel Energy's accrued unbilled revenues decreased by 3.0% year-over-year, from $769M to $746M.
What is the long-term trend for Xcel Energy's accrued unbilled revenues?
Over 5 years (2020 to 2025), Xcel Energy's accrued unbilled revenues has grown at a 4.3% compound annual growth rate (CAGR), from $714M to $880M.
What does accrued unbilled revenues mean?
This represents revenue earned from electricity and gas services delivered to customers but not yet billed as of the balance sheet date. Because utility billing cycles often do not align perfectly with the end of a reporting period, this metric captures the lag in revenue recognition. It is a critical component of working capital for utilities with large residential and commercial customer bases.