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Xcel Energy XEL Operating and maintenance

Operating and maintenance at other companies

Duke Energy logo
Duke EnergyDUK
$1.66B+25.4%
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Constellation EnergyCEG

Segments

By segment

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Regulated Electric Segment$555M+9.7%
Regulated Natural Gas Segment$109M+5.8%

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:UtilitiesOperatingExpenseMaintenanceOperationsAndOtherCostsAndExpenses.

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 operating and maintenance?
Xcel Energy (XEL) reported operating and maintenance of $675M in Q1 2026.
How has Xcel Energy's operating and maintenance changed year-over-year?
Xcel Energy's operating and maintenance decreased by 1.6% year-over-year, from $686M to $675M.
What is the long-term trend for Xcel Energy's operating and maintenance?
Over 4 years (2021 to 2025), Xcel Energy's operating and maintenance has grown at a 4.2% compound annual growth rate (CAGR), from $2.32B to $2.73B.
What does operating and maintenance mean?
This metric covers the day-to-day costs of running the utility, including labor, materials, and administrative expenses required to maintain infrastructure and provide service. It excludes fuel and depreciation, focusing on controllable operational overhead.