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Xcel Energy XEL Operating Income

Operating Income at other companies

MDU Resources Group logo
MDU Resources GroupMDU
$115.71M+2.5%
Nextra Energy logo
Nextra EnergyNEE
$2.21B-2.1%
WEC Energy Group logo
WEC Energy GroupWEC
$980M+4.5%
BKH
Black HillsBKH
$201.9M-1.5%
MGE Energy logo
MGE EnergyMGEE
$53.15M+0.5%
Duke Energy logo
Duke EnergyDUK
$1.83B+7.2%

Other financials

Income statement

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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:OperatingIncomeLoss.

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 income?
Xcel Energy (XEL) reported operating income of $754M in Q1 2026.
How has Xcel Energy's operating income changed year-over-year?
Xcel Energy's operating income increased by 11.4% year-over-year, from $677M to $754M.
What is the long-term trend for Xcel Energy's operating income?
Over 4 years (2021 to 2025), Xcel Energy's operating income has grown at a 4.1% compound annual growth rate (CAGR), from $2.2B to $2.58B.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.