What is Xcel Energy's deferred taxes?

Xcel Energy (XEL) reported deferred taxes of -$5M in Q1 2026.

How has Xcel Energy's deferred taxes changed year-over-year?

Xcel Energy's deferred taxes decreased by 138.5% year-over-year, from $13M to -$5M.

What does deferred taxes mean?

Non-cash deferred tax expense or benefit representing the change in deferred tax assets/liabilities during the period.

Xcel Energy XEL Deferred Taxes

Deferred Taxes at other companies

MDU Resources GroupMDU

$8.19M+160%

Nextra EnergyNEE

$409M+202%

WEC Energy GroupWEC

$27.8M-50.0%

BKH

Black HillsBKH

$31.8M-4.2%

MGE EnergyMGEE

$2.5M+85.8%

Duke EnergyDUK

$419M+264%

Segments

By segment

See full

Regulated Electric Segment-$177M+47.2%

Regulated Natural Gas Segment$30M-11.8%

Other financials

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

See full

Market cap$50.13B+30.9%

Enterprise value$87.61B+24.8%

P/E24×+5.5×

P/S4.3×—

Profitability

See full

Gross margin66.6%—

Operating margin17.2%—

Net margin11.1%—

FCF margin-9.5%—

Returns & leverage

See full

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 us-gaap:DeferredIncomeTaxExpenseBenefit.

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 deferred taxes?: Xcel Energy (XEL) reported deferred taxes of -$5M in Q1 2026.
How has Xcel Energy's deferred taxes changed year-over-year?: Xcel Energy's deferred taxes decreased by 138.5% year-over-year, from $13M to -$5M.
What does deferred taxes mean?: Non-cash deferred tax expense or benefit representing the change in deferred tax assets/liabilities during the period.