Xcel Energy XEL Business Segments
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Business | ||||||
| All Other | $56M-1.8% | $57M0.0% | $57M+1.8% | $56M-1.8% | $57M-10.9% | |
| Regulated Electric | $12.3B+1.2% | $12.16B+3.4% | $11.76B+2.1% | $11.52B+1.9% | $11.3B+1.3% | |
| Regulated Natural Gas | $2.43B-1.0% | $2.45B+1.7% | $2.41B+1.0% | $2.39B+1.7% | $2.34B+5.1% | |
| Revenue from contracts with customers by Product | ||||||
| Other | $237M-2.5% | $243M-6.2% | $259M+9.3% | $237M+3.5% | $229M-4.2% | |
| Retail | $12.23B+0.3% | $12.2B+3.0% | $11.85B+2.1% | $11.6B+2.3% | $11.33B+2.0% | |
| Transmission | $719M+2.0% | $705M+1.3% | $696M+1.9% | $683M+3.2% | $662M+2.2% | |
| Wholesale | $726M+1.5% | $715M+2.1% | $700M+2.0% | $686M+1.2% | $678M+5.1% |
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.
