Non-Current Assets
Construction work in progress
Xcel Energy Construction work in progress increased by 16.8% to $9.44B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 58.5%, from $5.96B to $9.44B. Over 2 years (FY 2023 to FY 2025), Construction work in progress shows an upward trend with a 67.8% CAGR.
Analysis
StatementBalance Sheet Statement
SectionNon-Current Assets
CategoryGrowth
SignalContext dependent
VolatilityVolatile
First reportedQ4 2022
Last reportedQ4 2024
How to read this metric
High levels indicate significant future growth potential and capital expenditure, though it may temporarily depress current return on equity until the assets are operational.
Detailed definition
This represents the accumulated costs of utility infrastructure projects that are currently under construction but not y...
Peer comparison
Commonly tracked by investors to gauge the utility's future rate base growth and capital intensity.
Metric ID:
utility_construction_wipHistorical Data
8 periods
| Q4 '23 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|
| Value | $2.87B | $4.85B | $4.72B | $5.96B | $6.61B | $8.02B | $8.09B | $9.44B |
| QoQ Change | — | +68.8% | -2.7% | +26.2% | +11.0% | +21.3% | +0.8% | +16.8% |
| YoY Change | — | — | +64.3% | — | — | +65.3% | +71.3% | +58.5% |
Range$2.87B – $9.44B
CAGR+97.3%
Avg YoY Growth+64.8%
Median YoY Growth+64.8%
Current Streak5 quarters growth
Construction work in progress at Other Companies
Frequently Asked Questions
- What is Xcel Energy's construction work in progress?
- Xcel Energy (XEL) reported construction work in progress of $9.44B in Q1 2026.
- How has Xcel Energy's construction work in progress changed year-over-year?
- Xcel Energy's construction work in progress increased by 58.5% year-over-year, from $5.96B to $9.44B.
- What is the long-term trend for Xcel Energy's construction work in progress?
- Over 2 years (2023 to 2025), Xcel Energy's construction work in progress has grown at a 67.8% compound annual growth rate (CAGR), from $2.87B to $8.09B.
- What does construction work in progress mean?
- The total cost of utility infrastructure projects currently being built but not yet operational.