What is Xcel Energy's pre-tax income?

Xcel Energy (XEL) reported pre-tax income of $509M in Q1 2026.

How has Xcel Energy's pre-tax income changed year-over-year?

Xcel Energy's pre-tax income increased by 20.6% year-over-year, from $422M to $509M.

What is the long-term trend for Xcel Energy's pre-tax income?

Over 4 years (2021 to 2025), Xcel Energy's pre-tax income has grown at a 3.8% compound annual growth rate (CAGR), from $1.53B to $1.77B.

What does pre-tax income mean?

Total income from all sources — operating income plus non-operating items like interest income, investment gains, and other income — before the provision for income taxes.

Xcel Energy XEL Pre-Tax Income

Pre-Tax Income at other companies

MDU Resources GroupMDU

$85.63M-5.9%

Nextra EnergyNEE

$1.2B+2,204%

WEC Energy GroupWEC

$859.2M+9.3%

BKH

Black HillsBKH

$150.7M-2.5%

Duke EnergyDUK

$1.13B+5.2%

NorthWestern Energy Group, Inc.NWE

$77.25M-16.2%

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$51.03B+32.8%

Enterprise value$88.52B+27.0%

P/E24.4×+4.5×

P/S4.4×—

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 us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest.

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 pre-tax income?: Xcel Energy (XEL) reported pre-tax income of $509M in Q1 2026.
How has Xcel Energy's pre-tax income changed year-over-year?: Xcel Energy's pre-tax income increased by 20.6% year-over-year, from $422M to $509M.
What is the long-term trend for Xcel Energy's pre-tax income?: Over 4 years (2021 to 2025), Xcel Energy's pre-tax income has grown at a 3.8% compound annual growth rate (CAGR), from $1.53B to $1.77B.
What does pre-tax income mean?: Total income from all sources — operating income plus non-operating items like interest income, investment gains, and other income — before the provision for income taxes.