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% | $57M-10.9% | $57M-26.0% | $56M-41.1% | $57M-47.7% | |
| Regulated Electric | $12.3B+8.9% | $12.16B+9.1% | $11.76B+2.9% | $11.52B+0.8% | $11.3B-0.6% | |
| Regulated Natural Gas | $2.43B+3.5% | $2.45B+10.0% | $2.41B+6.9% | $2.39B+5.5% | $2.34B+2.0% | |
| Revenue from contracts with customers by Product | ||||||
| Other | $237M+3.5% | $243M+1.7% | $259M+2.0% | $237M-9.9% | $229M-4.6% | |
| Retail | $12.23B+7.9% | $12.2B+9.8% | $11.85B+3.6% | $11.6B+1.5% | $11.33B-0.9% | |
| Transmission | $719M+8.6% | $705M+8.8% | $696M+8.1% | $683M+7.6% | $662M+2.8% | |
| Wholesale | $726M+7.1% | $715M+10.9% | $700M+3.9% | $686M-5.6% | $678M-11.3% |
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.
