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Xcel Energy XEL Regulated Natural Gas Segment — Income tax benefit

Other segment segments

Regulated Electric Segment
-$177M+47.2%

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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:IncomeTaxExpenseBenefit.

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 natural gas segment — income tax benefit?
Xcel Energy (XEL) reported regulated natural gas segment — income tax benefit of $52M in Q1 2026.
How has Xcel Energy's regulated natural gas segment — income tax benefit changed year-over-year?
Xcel Energy's regulated natural gas segment — income tax benefit decreased by 14.8% year-over-year, from $61M to $52M.
What is the long-term trend for Xcel Energy's regulated natural gas segment — income tax benefit?
Over 4 years (2021 to 2025), Xcel Energy's regulated natural gas segment — income tax benefit has grown at a 5.5% compound annual growth rate (CAGR), from $54M to $67M.
What does regulated natural gas segment — income tax benefit mean?
This represents the tax-related financial impact for the natural gas segment, specifically where tax provisions result in a benefit rather than an expense. It reflects the impact of tax credits, deductions, or deferred tax adjustments on the segment's bottom line.