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
Revenue	30,713	28,130	28,823	31,543	26,989
Revenue Growth (YoY)	9.18%	-2.40%	-8.62%	16.87%	196.81%
Fuel and Purchased Power Expense	47,150	42,361	26,483	27,443	20,482
Operations and Maintenance Expenses	4,170	3,952	2,094	1,145	1,293
Gross Profit	-20,607	-18,183	246	2,955	5,214
Depreciation & Amortization Expenses	1,406	1,403	1,295	720	785
Net Gains on Disposal of Operating Assets	-25	208	1,578	52	247
Other Operating Expenses	878	298	145	269	1,335
Operating Income	1,845	2,424	384	2,018	3,341
Interest Income	11	20	16	6	17
Interest Expense	-741	-651	-667	-417	-485
Other Non-Operating Income (Expense)	19	-345	54	56	-14
Total Non-Operating Income (Expense)	-711	-976	-597	-355	-482
Pretax Income	1,134	1,448	-213	1,663	2,859
Provision for Income Taxes	270	323	-11	442	672
Net Income	797	1,058	-256	1,221	2,187
Net Income Attributable to Preferred Dividends	67	67	54	-	-
Net Income to Common	797	1,058	-256	1,221	2,187
Net Income Growth	-24.67%	-	-	-44.17%	328.82%
Shares Outstanding (Basic)	195	206	228	236	245
Shares Outstanding (Diluted)	199	212	228	236	245
Shares Change (YoY)	-6.13%	-7.02%	-3.39%	-3.67%	-0.41%
EPS (Basic)	4.09	5.14	-1.12	5.17	8.93
EPS (Diluted)	4.01	4.99	-1.12	5.17	8.93
EPS Growth	-19.64%	-	-	-42.10%	331.40%
Free Cash Flow	766	1,834	-819	-7	224
Free Cash Flow Growth	-58.23%	-	-	-	-86.06%
Free Cash Flow Per Share	3.85	8.65	-3.59	-0.03	0.91
Dividends Per Share	2.280	2.190	2.080	1.950	1.830
Dividend Growth	4.11%	5.29%	6.67%	6.56%	6.40%
Gross Margin	-67.10%	-64.64%	0.85%	9.37%	19.32%
Operating Margin	6.01%	8.62%	1.33%	6.40%	12.38%
Profit Margin	2.81%	4.00%	-0.70%	3.87%	8.10%
FCF Margin	2.49%	6.52%	-2.84%	-0.02%	0.83%
EBITDA	3,399	3,971	1,915	2,973	4,322
EBITDA Margin	11.07%	14.12%	6.64%	9.43%	16.01%
EBIT	1,845	2,424	384	2,018	3,341
EBIT Margin	6.01%	8.62%	1.33%	6.40%	12.38%
Effective Tax Rate	23.81%	22.31%	5.16%	26.58%	23.50%

Updated Feb 5, 2026. Data Source: Fiscal.ai. Utilities template. Financial Sources.

SEC Filings: 10-K · 10-Q