What is Xcel Energy's interest expense?

Xcel Energy (XEL) reported interest expense of $412M in Q1 2026.

How has Xcel Energy's interest expense changed year-over-year?

Xcel Energy's interest expense increased by 24.1% year-over-year, from $332M to $412M.

What is the long-term trend for Xcel Energy's interest expense?

Over 4 years (2021 to 2025), Xcel Energy's interest expense has grown at a 14.9% compound annual growth rate (CAGR), from $842M to $1.47B.

What does interest expense mean?

Cost of borrowing — interest paid or accrued on bonds, bank loans, credit facilities, finance leases, and other debt obligations.

Xcel Energy XEL Interest Expense

Interest Expense at other companies

MDU Resources GroupMDU

$32.69M+21.9%

Nextra EnergyNEE

$1.03B+63.4%

WEC Energy GroupWEC

$228.5M+2.5%

BKH

Black HillsBKH

$53.1M+2.7%

Duke EnergyDUK

$897M+8.9%

OTT

Otter TailOTTR

$12.64M+9.4%

Segments

By segment

See full

Regulated Electric Segment$241M+30.3%

Regulated Natural Gas Segment$33M+22.2%

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$51.03B+32.8%

Enterprise value$88.52B+27.0%

P/E24.4×+4.5×

P/S4.4×—

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:InterestExpense.

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 interest expense?: Xcel Energy (XEL) reported interest expense of $412M in Q1 2026.
How has Xcel Energy's interest expense changed year-over-year?: Xcel Energy's interest expense increased by 24.1% year-over-year, from $332M to $412M.
What is the long-term trend for Xcel Energy's interest expense?: Over 4 years (2021 to 2025), Xcel Energy's interest expense has grown at a 14.9% compound annual growth rate (CAGR), from $842M to $1.47B.
What does interest expense mean?: Cost of borrowing — interest paid or accrued on bonds, bank loans, credit facilities, finance leases, and other debt obligations.