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Xcel Energy XEL Regulated Electric Segment — Net Income

Other segment segments

Regulated Natural Gas Segment
$93M-17.0%
All Other
-$43M+20.4%

Similar metrics at other companies

NorthWestern Energy Group, Inc. logo
NWERegulated Electric Segment — Net Income
$47.38M-4.0%
NorthWestern Energy Group, Inc. logo
NWERegulated Electric and Natural Gas Segments — Net Income
$67.57M-15.3%
NorthWestern Energy Group, Inc. logo
NWERegulated Electric Segment — Other income, net
$1.55M-38.0%
PNW
PNWRegulated Electricity Segment — Net income (loss) attributable to common shareholders
$52M
NorthWestern Energy Group, Inc. logo
NWERegulated Natural Gas — Net Income
$20.2M-33.7%
MGE Energy logo
MGEENon Regulated Energy — Net Income Loss
$6.27M+4.2%

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

See full
Gross margin66.6%
Operating margin17.2%
Net margin11.1%
FCF margin-9.5%

Returns & leverage

See full
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:NetIncomeLoss.

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 regulated electric segment — net income?
Xcel Energy (XEL) reported regulated electric segment — net income of $429M in Q1 2026.
How has Xcel Energy's regulated electric segment — net income changed year-over-year?
Xcel Energy's regulated electric segment — net income increased by 25.4% year-over-year, from $342M to $429M.
What is the long-term trend for Xcel Energy's regulated electric segment — net income?
Over 4 years (2021 to 2025), Xcel Energy's regulated electric segment — net income has grown at a 6.1% compound annual growth rate (CAGR), from $1.48B to $1.87B.
What does regulated electric segment — net income mean?
This metric represents the final bottom-line profit of the regulated electric segment after all operating expenses, taxes, and interest have been deducted. It is the primary measure of the segment's financial success and its contribution to the parent company's overall earnings. Investors use this to evaluate the profitability of the core utility business.