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Xcel Energy XEL Retail — Revenue from contracts with customers

Other product segments

Wholesale
$217M+5.3%
Transmission
$186M+8.1%
Other
$62M-8.8%

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SPHRetail — Revenue
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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:RevenueFromContractWithCustomerExcludingAssessedTax.

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 retail — revenue from contracts with customers?
Xcel Energy (XEL) reported retail — revenue from contracts with customers of $3.29B in Q1 2026.
How has Xcel Energy's retail — revenue from contracts with customers changed year-over-year?
Xcel Energy's retail — revenue from contracts with customers increased by 1.0% year-over-year, from $3.26B to $3.29B.
What is the long-term trend for Xcel Energy's retail — revenue from contracts with customers?
Over 4 years (2021 to 2025), Xcel Energy's retail — revenue from contracts with customers has grown at a 4.3% compound annual growth rate (CAGR), from $10.32B to $12.2B.
What does retail — revenue from contracts with customers mean?
This metric represents the total revenue generated from the direct sale of electricity and natural gas to residential, commercial, and industrial end-users within the utility's service territory. It reflects the core operational performance of the company's distribution business by capturing income derived from regulated tariff-based sales to retail customers. This figure is a primary indicator of demand stability and the effectiveness of rate structures across the company's diverse geographic footprint.