Xcel Energy XEL Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Business | ||||||
| All Other | $15M0.0% | $15M+15.4% | $13M0.0% | $13M-18.8% | $16M+6.7% | |
| Regulated Electric | $2.98B+5.9% | $2.81B-22.8% | $3.64B+26.4% | $2.88B+1.5% | $2.84B+17.6% | |
| Regulated Natural Gas | $1.03B+39.8% | $737M+179% | $264M-33.3% | $396M-62.5% | $1.06B+51.8% | |
| Revenue from contracts with customers by Product | ||||||
| Other | $62M+17.0% | $53M-3.6% | $55M-17.9% | $67M-1.5% | $68M-1.4% | |
| Retail | $3.29B+12.1% | $2.93B-10.4% | $3.27B+19.8% | $2.73B-16.1% | $3.26B+26.2% | |
| Transmission | $186M+13.4% | $164M-18.0% | $200M+18.3% | $169M-1.7% | $172M+11.0% | |
| Wholesale | $217M+36.5% | $159M-22.4% | $205M+41.4% | $145M-29.6% | $206M+43.1% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Xcel Energy break its business down?
- Xcel Energy (XEL) reports revenue by business across 3 parts — All Other, Regulated Electric and Regulated Natural Gas. Each is extracted from the segment footnotes and tracked over time.
- Where does Xcel Energy's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Xcel Energy's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
