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Xcel Energy XEL Regulated Electric Segment — Operating and maintenance expenses

Other segment segments

Regulated Natural Gas Segment
$109M+5.8%

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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:UtilitiesOperatingExpenseMaintenanceOperationsAndOtherCostsAndExpenses.

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 — operating and maintenance expenses?
Xcel Energy (XEL) reported regulated electric segment — operating and maintenance expenses of $558M in Q1 2026.
How has Xcel Energy's regulated electric segment — operating and maintenance expenses changed year-over-year?
Xcel Energy's regulated electric segment — operating and maintenance expenses decreased by 1.6% year-over-year, from $567M to $558M.
What is the long-term trend for Xcel Energy's regulated electric segment — operating and maintenance expenses?
Over 3 years (2022 to 2025), Xcel Energy's regulated electric segment — operating and maintenance expenses has grown at a 3.0% compound annual growth rate (CAGR), from $2.07B to $2.26B.
What does regulated electric segment — operating and maintenance expenses mean?
This metric encompasses the day-to-day costs of running the electric utility, including labor, administrative support, and routine infrastructure maintenance. It excludes fuel and power purchase costs, focusing instead on the overhead required to maintain reliable service. Effective management of these expenses is critical for maintaining profitability within regulated rate structures.