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Xcel Energy XEL Net Income

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Segments

By segment

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Regulated Electric Segment$469M+22.5%
Regulated Natural Gas Segment$93M-17.0%
All Other-$43M+20.4%

Other financials

Income statement

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Operating income$754.0M+11.4%
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$48.52B+12.6%
Enterprise value$86B+14.6%
P/E23.2×+2.4×

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:NetIncomeLoss.

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

Filed
Apr 30, 2026, 4:30 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000072903-26-000073
(Millions of Dollars)Regulated electric utilityRegulated natural gas utilityTotal segments
Depreciation and amortization653110763
Other segment expenses, net14442186
Interest charges and financing costs25034284
Income tax (benefit) expense(77)52(25)
Net income$429$170$599
Total segment net income$599
Non-segment net loss(43)
Consolidated net income$556

Item 1. Financial Statements (unaudited)

FAQ

What is Xcel Energy's net income?
Xcel Energy (XEL) reported net income of $556M in Q1 2026.
How has Xcel Energy's net income changed year-over-year?
Xcel Energy's net income increased by 15.1% year-over-year, from $483M to $556M.
What is the long-term trend for Xcel Energy's net income?
Over 4 years (2021 to 2025), Xcel Energy's net income has grown at a 6.5% compound annual growth rate (CAGR), from $1.57B to $2.02B.
What does net income mean?
The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.

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