Xcel Energy Inc. (XEL)

Xcel Energy Income Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	14,784	14,669	13,441	14,206	15,310	13,431
Revenue Growth (YoY)	7.93%	9.14%	-5.38%	-7.21%	13.99%	16.53%
Fuel and Purchased Power Expense	5,020	5,013	4,753	5,783	6,959	5,852
Operations and Maintenance Expenses	3,138	3,138	2,934	2,730	2,822	2,625
Gross Profit	6,626	6,518	5,754	5,693	5,529	4,954
Depreciation & Amortization Expenses	2,993	2,953	2,744	2,448	2,413	2,121
Taxes Other than Income Tax	699	686	624	657	688	630
Other Operating Expenses	274	296	-	107	-	-
Operating Income	2,660	2,583	2,386	2,481	2,428	2,203
Interest Income	356	298	187	126	111	135
Interest Expense	-1,406	-1,343	-1,182	-1,004	-925	-816
Other Non-Operating Income (Expense)	250	235	143	22	-13	5
Total Non-Operating Income (Expense)	-800	-810	-852	-856	-827	-676
Pretax Income	1,860	1,773	1,534	1,625	1,601	1,527
Provision for Income Taxes	-231	-245	-402	-146	-135	-70
Net Income	2,091	2,018	1,936	1,771	1,736	1,597
Net Income to Common	2,091	2,018	1,936	1,771	1,736	1,597
Net Income Growth	8.29%	4.24%	9.32%	2.02%	8.70%	8.42%
Shares Outstanding (Basic)	599	587	563	552	547	539
Shares Outstanding (Diluted)	602	589	563	552	547	540
Shares Change (YoY)	5.76%	4.62%	1.99%	0.91%	1.30%	2.27%
EPS (Basic)	3.48	3.44	3.44	3.21	3.18	2.96
EPS (Diluted)	3.47	3.42	3.44	3.21	3.17	2.96
EPS Growth	2.06%	-0.58%	7.17%	1.26%	7.09%	6.09%
Shares Outstanding	624.16	623.6	574.37	554.94	549.58	544.03
Free Cash Flow	-7,190	-6,825	-2,723	-527	-706	-2,055
Free Cash Flow Per Share	-11.95	-11.59	-4.84	-0.95	-1.29	-3.81
Dividends Per Share	2.303	2.280	2.190	2.080	1.950	1.830
Dividend Growth	0.99%	4.11%	5.29%	6.67%	6.56%	6.40%
Gross Margin	44.82%	44.43%	42.81%	40.07%	36.11%	36.88%
Operating Margin	17.99%	17.61%	17.75%	17.46%	15.86%	16.40%
Profit Margin	14.14%	13.76%	14.40%	12.47%	11.34%	11.89%
FCF Margin	-48.63%	-46.53%	-20.26%	-3.71%	-4.61%	-15.30%
EBITDA	5,773	5,665	5,261	5,048	4,982	4,460
EBITDA Margin	39.05%	38.62%	39.14%	35.53%	32.54%	33.21%
EBIT	2,660	2,583	2,386	2,481	2,428	2,203
EBIT Margin	17.99%	17.61%	17.75%	17.46%	15.86%	16.40%
Effective Tax Rate	-12.42%	-13.82%	-26.21%	-8.98%	-8.43%	-4.58%

Updated Apr 30, 2026. Data Source: Fiscal.ai. Utilities template. Financial Sources.

SEC Filings: 10-K · 10-Q