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Xcel Energy XEL Alternative revenue and other — Alternative revenue and other

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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:RevenueNotFromContractWithCustomer.

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 alternative revenue and other — alternative revenue and other?
Xcel Energy (XEL) reported alternative revenue and other — alternative revenue and other of $267M in Q1 2026.
How has Xcel Energy's alternative revenue and other — alternative revenue and other changed year-over-year?
Xcel Energy's alternative revenue and other — alternative revenue and other increased by 31.5% year-over-year, from $203M to $267M.
What is the long-term trend for Xcel Energy's alternative revenue and other — alternative revenue and other?
Over 4 years (2021 to 2025), Xcel Energy's alternative revenue and other — alternative revenue and other has grown at a 1.5% compound annual growth rate (CAGR), from $763M to $809M.
What does alternative revenue and other — alternative revenue and other mean?
This metric represents revenue streams generated by a utility company that fall outside of traditional regulated base rate electricity and natural gas sales. It typically includes income from energy-related services, regulatory mechanisms for decoupling, performance-based incentives, and other ancillary business activities. These revenues are essential for understanding the diversification of the utility's income beyond standard volumetric utility service.