Xcel Energy Inc. (XEL)
NASDAQ: XEL · Real-Time Price · USD
79.58
-0.59 (-0.74%)
Nov 10, 2026, 10:35 AM EST - Market open
Xcel Energy Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 960 | 586 | 556 | 567 | 524 | 444 | 483 | 464 | 682 | 302 | 488 | 409 | 656 | 288 | 418 | 379 | 649 | 328 | 380 | 315 |
Depreciation & Amortization | 852 | 689 | 794 | 779 | 787 | 753 | 763 | 735 | 717 | 739 | 684 | 659 | 653 | 595 | 660 | 642 | 641 | 674 | 597 | 574 |
Loss (Gain) on Equity Investments | -77 | -76 | -13 | -20 | -6 | 8 | 1 | - | -3 | -8 | -8 | -8 | -7 | -9 | -11 | -9 | -1 | -11 | -15 | -15 |
Stock-Based Compensation | 15 | 12 | 11 | 8 | 17 | 12 | 9 | 6 | 10 | 11 | 6 | 8 | 5 | 3 | 9 | 1 | 5 | 10 | 4 | 11 |
Change in Accounts Receivable | -130 | 40 | 104 | -211 | -61 | 90 | 5 | -103 | -11 | 3 | 151 | -245 | -119 | 210 | 379 | -520 | -125 | 18 | -45 | -219 |
Change in Inventory | -161 | -58 | 2 | -98 | -105 | -93 | -4 | -69 | -69 | -52 | 50 | -171 | -27 | -89 | 189 | 69 | -228 | -151 | 107 | -44 |
Change in Accounts Payable | 82 | 51 | -191 | 35 | 69 | -49 | -105 | 79 | -46 | 118 | -114 | 77 | 217 | -84 | -359 | 43 | 15 | 171 | -34 | 77 |
Change in Other Net Operating Assets | 205 | -43 | 535 | -714 | 495 | -278 | -88 | -72 | 403 | -173 | -267 | 191 | 526 | 126 | 371 | 320 | 172 | -152 | 225 | 123 |
Other Operating Activities | 297 | -112 | -114 | -151 | 29 | 182 | -55 | -376 | 35 | 239 | 43 | 33 | -28 | -135 | -142 | -192 | 40 | -52 | -96 | -219 |
Operating Cash Flow | 2,071 | 1,100 | 1,697 | 209 | 1,765 | 1,081 | 1,028 | 664 | 1,737 | 1,190 | 1,050 | 974 | 1,898 | 918 | 1,537 | 765 | 1,179 | 848 | 1,140 | 610 |
Operating Cash Flow Growth (YoY) | 17.34% | 1.76% | 65.08% | -68.52% | 1.61% | -9.16% | -2.10% | -31.83% | -8.48% | 29.63% | -31.69% | 27.32% | 60.98% | 8.25% | 34.83% | 25.41% | 8.16% | 35.68% | - | -9.50% |
Investing Activities
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -3,285 | -2,948 | -3,022 | -3,438 | -3,055 | -2,427 | -1,988 | -2,217 | -1,779 | -1,831 | -1,537 | -1,614 | -1,641 | -1,334 | -1,265 | -1,313 | -1,285 | -1,098 | -942 | -1,212 |
Contributions to Nuclear Demissioning Trust | -321 | -325 | -763 | -346 | -283 | -330 | -241 | -305 | -224 | -280 | -189 | -290 | -288 | -180 | -236 | -277 | -268 | -631 | -156 | -217 |
Other Investing Activities | 338 | 333 | 766 | 307 | 276 | 318 | 238 | 291 | 209 | 264 | 170 | 270 | 276 | 159 | 217 | 258 | 287 | 626 | 146 | 207 |
Investing Cash Flow | -3,268 | -2,940 | -3,019 | -3,477 | -3,062 | -2,439 | -1,991 | -2,231 | -1,794 | -1,847 | -1,556 | -1,634 | -1,653 | -1,355 | -1,284 | -1,332 | -1,266 | -1,103 | -952 | -1,222 |
Financing Activities
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 |
Short-Term Debt Issued | - | - | - | - | - | - | 24 | - | - | - | - | - | - | - | 266 | - | - | - | - | - |
Long-Term Debt Issued | - | - | 3,259 | - | - | - | 2,077 | - | - | - | 1,478 | - | - | - | - | - | - | - | - | - |
Total Debt Issued | 1,339 | 2,395 | 3,259 | 1,100 | 1,500 | 1,917 | 2,101 | 4 | -18 | 2,183 | 1,478 | -1 | 890 | 1,475 | 266 | - | 98 | 2,066 | - | 48 |
Short-Term Debt Repaid | - | - | -70 | - | - | - | - | - | - | - | -322 | - | - | - | - | - | - | - | -9 | - |
Long-Term Debt Repaid | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -250 | - | - | - | - | - |
Total Debt Repaid | -150 | 4 | -70 | -490 | -291 | -932 | - | 494 | -690 | -228 | -322 | 285 | -545 | -669 | -250 | 654 | 22 | -1,460 | -9 | -18 |
Net Debt Issued (Repaid) | 1,189 | 2,399 | 3,189 | 610 | 1,209 | 985 | 2,101 | 498 | -708 | 1,955 | 1,156 | 284 | 345 | 806 | 16 | 654 | 120 | 606 | -9 | 30 |
Issuance of Common Stock | 828 | 10 | 1 | 2,198 | 8 | 1,021 | 122 | 8 | 1,008 | 93 | 8 | 187 | 8 | 69 | 6 | 166 | 5 | 150 | 1 | 353 |
Common Dividends Paid | -362 | -361 | -347 | -328 | -329 | -319 | -306 | -304 | -296 | -295 | -280 | -278 | -278 | -277 | -259 | -258 | -257 | -257 | -240 | -237 |
Other Financing Activities | 15 | 42 | -35 | 10 | 7 | 2 | -10 | -1 | - | 1 | -6 | 2 | -1 | - | -13 | -1 | 1 | 1 | -16 | 1 |
Financing Cash Flow | 1,670 | 2,090 | 2,808 | 2,490 | 895 | 1,689 | 1,907 | 201 | 4 | 1,754 | 878 | 195 | 74 | 598 | -250 | 561 | -131 | 500 | -264 | 147 |
Net Cash Flow
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 |
Net Cash Flow | 473 | 250 | 1,486 | -778 | -402 | 331 | 944 | -1,366 | -53 | 1,097 | 372 | -465 | 319 | 161 | 3 | -6 | -218 | 245 | -76 | -465 |
Free Cash Flow
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | -1,214 | -1,848 | -1,325 | -3,229 | -1,290 | -1,346 | -960 | -1,553 | -42 | -641 | -487 | -640 | 257 | -416 | 272 | -548 | -106 | -250 | 198 | -602 |
Free Cash Flow Growth (YoY) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 37.37% | - | - | - | - | - |
Free Cash Flow Margin | -29.10% | -59.25% | -32.95% | -90.68% | -32.95% | -40.95% | -24.58% | -49.78% | -1.15% | -21.17% | -13.35% | -18.59% | 7.02% | -13.77% | 6.67% | -13.52% | -2.60% | -7.30% | 5.28% | -17.94% |
Free Cash Flow Per Share | -1.92 | -2.95 | -2.12 | -5.41 | -2.17 | -2.29 | -1.66 | -2.70 | -0.07 | -1.15 | -0.88 | -1.16 | 0.47 | -0.75 | 0.49 | -1.00 | -0.19 | -0.46 | 0.36 | -1.11 |
Levered Free Cash Flow | -1,650 | -2,031 | -1,284 | -3,409 | -1,213 | -1,595 | -830.88 | -1,675 | -109.63 | -1,083 | -754.38 | -561.25 | -81.88 | -474.13 | 38.13 | -525.88 | -687.63 | -276.63 | 90 | -664.5 |
Unlevered Free Cash Flow | -1,348 | -1,755 | -1,027 | -3,157 | -972.75 | -1,377 | -623.38 | -1,476 | 94.13 | -883.63 | -572.5 | -395.63 | 86.25 | -306.63 | 196.25 | -370.88 | -535.13 | -122.25 | 223.75 | -530.75 |
Additional Metrics
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 307 | 422 | 283 | 430 | 249 | 331 | 252 | 338 | 276 | 287 | 230 | 293 | 191 | 252 | 209 | 259 | 203 | 223 | 202 | 196 |
Cash Income Tax Paid | - | - | - | - | - | - | - | - | - | - | -131 | - | 19 | 48 | 1 | - | 7 | 9 | - | - |
Change in Working Capital | -4 | -10 | 450 | -988 | 398 | -330 | -192 | -165 | 277 | -104 | -180 | -148 | 597 | 163 | 580 | -88 | -166 | -114 | 253 | -63 |