What is Xcel Energy's PP&E (net)?

Xcel Energy (XEL) reported PP&E (net) of $67.81B in Q1 2026.

How has Xcel Energy's PP&E (net) changed year-over-year?

Xcel Energy's PP&E (net) increased by 15.3% year-over-year, from $58.81B to $67.81B.

What is the long-term trend for Xcel Energy's PP&E (net)?

Over 5 years (2020 to 2025), Xcel Energy's PP&E (net) has grown at a 8.9% compound annual growth rate (CAGR), from $42.95B to $65.64B.

What does PP&E (net) mean?

Total property, plant, and equipment minus accumulated depreciation — the net book value of all tangible long-lived assets.

Xcel Energy XEL PP&E (Net)

PP&E (Net) at other companies

MDU Resources GroupMDU

$6B+11.5%

Nextra EnergyNEE

$162.36B+14.2%

WEC Energy GroupWEC

$38.71B+9.2%

BKH

Black HillsBKH

$8.39B+8.7%

MGE EnergyMGEE

$2.61B+13.5%

OTT

Otter TailOTTR

$173.1M-93.6%

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

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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$50.13B+30.9%

Enterprise value$87.61B+24.8%

P/E24×+5.5×

P/S4.3×—

Profitability

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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:PropertyPlantAndEquipmentNet.

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 PP&E (net)?: Xcel Energy (XEL) reported PP&E (net) of $67.81B in Q1 2026.
How has Xcel Energy's PP&E (net) changed year-over-year?: Xcel Energy's PP&E (net) increased by 15.3% year-over-year, from $58.81B to $67.81B.
What is the long-term trend for Xcel Energy's PP&E (net)?: Over 5 years (2020 to 2025), Xcel Energy's PP&E (net) has grown at a 8.9% compound annual growth rate (CAGR), from $42.95B to $65.64B.
What does PP&E (net) mean?: Total property, plant, and equipment minus accumulated depreciation — the net book value of all tangible long-lived assets.