What is Xcel Energy's retained earnings?

Xcel Energy (XEL) reported retained earnings of $9.39B in Q1 2026.

How has Xcel Energy's retained earnings changed year-over-year?

Xcel Energy's retained earnings increased by 7.9% year-over-year, from $8.71B to $9.39B.

What is the long-term trend for Xcel Energy's retained earnings?

Over 5 years (2020 to 2025), Xcel Energy's retained earnings has grown at a 9.1% compound annual growth rate (CAGR), from $5.97B to $9.21B.

What does retained earnings mean?

Cumulative net income earned since inception minus all dividends paid — the total profits reinvested in the business over its lifetime.

Xcel Energy XEL Retained Earnings

Retained Earnings at other companies

MDU Resources GroupMDU

$1.16B+7.0%

Nextra EnergyNEE

$35.98B+10.3%

WEC Energy GroupWEC

$8.99B+5.4%

BKH

Black HillsBKH

$1.42B+6.4%

MGE EnergyMGEE

$832.44M+8.9%

Duke EnergyDUK

$4.14B+57.2%

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:RetainedEarningsAccumulatedDeficit.

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 retained earnings?: Xcel Energy (XEL) reported retained earnings of $9.39B in Q1 2026.
How has Xcel Energy's retained earnings changed year-over-year?: Xcel Energy's retained earnings increased by 7.9% year-over-year, from $8.71B to $9.39B.
What is the long-term trend for Xcel Energy's retained earnings?: Over 5 years (2020 to 2025), Xcel Energy's retained earnings has grown at a 9.1% compound annual growth rate (CAGR), from $5.97B to $9.21B.
What does retained earnings mean?: Cumulative net income earned since inception minus all dividends paid — the total profits reinvested in the business over its lifetime.