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Xcel Energy XEL Debt-to-equity

Debt-to-equity at other companies

MDU Resources Group logo
MDU Resources GroupMDU
0.9×+0.1×
Nextra Energy logo
Nextra EnergyNEE
1.8×+0.1×
WEC Energy Group logo
WEC Energy GroupWEC
1.5×+0.2×
BKH
Black HillsBKH
1.1×0.0×
MGE Energy logo
MGE EnergyMGEE
0.7×+0.1×
Duke Energy logo
Duke EnergyDUK
1.6×0.0×

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$48.85B+11.2%
Enterprise value$86.33B+13.8%
P/E23.4×+2.2×

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
Current ratio0.8×0.0×

Where this comes from

Calculated from Xcel Energy’s reported figures.

Based on the most recent quarter.

The source filing: Xcel Energy’s 10-Q, filed April 30, 2026. Open the filing →

Filed
Apr 30, 2026, 4:30 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000072903-26-000073

FAQ

What is Xcel Energy's debt-to-equity?
Xcel Energy (XEL) reported debt-to-equity of 1.6× in Q1 2026.
How has Xcel Energy's debt-to-equity changed year-over-year?
Xcel Energy's debt-to-equity increased by 0.8% year-over-year, from 1.6× to 1.6×.
What is the long-term trend for Xcel Energy's debt-to-equity?
Over 5 years (2020 to 2025), Xcel Energy's debt-to-equity has grown at a -0.0% compound annual growth rate (CAGR), from 1.5× to 1.5×.
What does debt-to-equity mean?
Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.

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