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.

Xcel Energy XEL Net Income

Net Income at other companies

MDU Resources GroupMDU

$80.82M-1.4%

Nextra EnergyNEE

$2.18B+162%

WEC Energy GroupWEC

$806.1M+11.1%

BKH

Black HillsBKH

$131M-2.5%

MGE EnergyMGEE

$48.48M+16.6%

Duke EnergyDUK

$984M+9.3%

Segments

By segment

See full

Regulated Electric Segment$469M+22.5%

Regulated Natural Gas Segment$93M-17.0%

All Other-$43M+20.4%

Other financials

Income statement

See full

Operating income$754.0M+11.4%

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:NetIncomeLoss.

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 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.