Xcel Energy Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	14,612	13,377	14,091	15,203	13,337
Other Revenue	57	64	115	107	94
Revenue	14,669	13,441	14,206	15,310	13,431
Revenue Growth (YoY)	9.14%	-5.38%	-7.21%	13.99%	16.53%
Fuel & Purchased Power	3,961	3,560	4,037	4,764	4,482
Operations & Maintenance	2,732	2,507	2,419	2,471	2,296
Selling, General & Admin	-	228	241	241	251
Depreciation & Amortization	2,953	2,744	2,448	2,413	2,121
Other Operating Expenses	2,144	1,995	2,448	2,962	2,076
Total Operating Expenses	11,790	11,034	11,593	12,851	11,226
Operating Income	2,879	2,407	2,613	2,459	2,205
Interest Expense	-1,468	-1,255	-1,055	-953	-842
Net Interest Expense	-1,468	-1,255	-1,055	-953	-842
Income (Loss) on Equity Investments	17	19	35	36	62
Allowance for Equity Funds for Construction	281	168	91	75	73
Allowance for Borrowed Funds for Construction	125	73	51	28	26
Other Non-Operating Income (Expenses)	235	189	-3	27	62
EBT Excluding Unusual Items	2,069	1,601	1,732	1,672	1,586
Restructuring Charges	-	-	-72	-	-
Legal Settlements	-296	-	-35	-	-
Other Unusual Items	-	-67	-	-71	-59
Pretax Income	1,773	1,534	1,625	1,601	1,527
Income Tax Expense	-245	-402	-146	-135	-70
Net Income	2,018	1,936	1,771	1,736	1,597
Net Income to Common	2,018	1,936	1,771	1,736	1,597
Net Income Growth	4.24%	9.32%	2.02%	8.70%	8.42%
Shares Outstanding (Basic)	587	563	552	547	539
Shares Outstanding (Diluted)	589	563	552	547	540
Shares Change (YoY)	4.62%	1.99%	0.91%	1.30%	2.27%
EPS (Basic)	3.44	3.44	3.21	3.17	2.96
EPS (Diluted)	3.42	3.44	3.21	3.17	2.96
EPS Growth	-0.54%	7.18%	1.21%	7.09%	6.09%
Free Cash Flow	-	-2,723	-527	-706	-2,055
Free Cash Flow Per Share	-	-4.84	-0.95	-1.29	-3.81
Dividend Per Share	2.280	2.190	2.080	1.950	1.830
Dividend Growth	4.11%	5.29%	6.67%	6.56%	6.40%
Profit Margin	13.76%	14.40%	12.47%	11.34%	11.89%
Free Cash Flow Margin	-	-20.26%	-3.71%	-4.61%	-15.30%
EBITDA	5,950	5,282	5,180	5,013	4,462
EBITDA Margin	40.56%	39.30%	36.46%	32.74%	33.22%
D&A For EBITDA	3,071	2,875	2,567	2,554	2,257
EBIT	2,879	2,407	2,613	2,459	2,205
EBIT Margin	19.63%	17.91%	18.39%	16.06%	16.42%
Revenue as Reported	14,669	13,441	14,206	15,310	13,431

Updated Feb 5, 2026. Source: S&P Global Market Intelligence. Utility template. Financial Sources.

SEC Filings: 10-K · 10-Q