Xcel Energy Inc. (XEL)
NASDAQ: XEL · Real-Time Price · USD
80.67
+1.91 (2.42%)
Nov 4, 2026, 1:35 PM EST - Market open
Xcel Energy Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 | 14,817 | 14,612 | 13,377 | 14,091 | 15,203 | 13,337 |
Other Revenue | 56 | 57 | 64 | 115 | 107 | 94 |
| 14,873 | 14,669 | 13,441 | 14,206 | 15,310 | 13,431 | |
Revenue Growth | 4.53% | 9.14% | -5.38% | -7.21% | 13.99% | 16.53% |
Fuel & Purchased Power | 3,564 | 3,769 | 3,560 | 4,037 | 4,764 | 4,482 |
Operations & Maintenance | 2,758 | 2,686 | 2,507 | 2,419 | 2,471 | 2,296 |
Selling, General & Admin | 125 | 192 | 228 | 241 | 241 | 251 |
Depreciation & Amortization | 2,974 | 2,953 | 2,744 | 2,448 | 2,413 | 2,121 |
Other Operating Expenses | 2,231 | 2,171 | 1,995 | 2,448 | 2,962 | 2,076 |
Total Operating Expenses | 11,652 | 11,771 | 11,034 | 11,593 | 12,851 | 11,226 |
Operating Income | 3,221 | 2,898 | 2,407 | 2,613 | 2,459 | 2,205 |
Interest Expense | -1,742 | -1,468 | -1,255 | -1,055 | -953 | -842 |
Net Interest Expense | -1,742 | -1,468 | -1,255 | -1,055 | -953 | -842 |
Income (Loss) on Equity Investments | 186 | 17 | 19 | 35 | 36 | 62 |
Allowance for Equity Funds for Construction | 413 | 281 | 168 | 91 | 75 | 73 |
Allowance for Borrowed Funds for Construction | 176 | 125 | 73 | 51 | 28 | 26 |
Other Non-Operating Income (Expenses) | 236 | 216 | 189 | -3 | 27 | 62 |
EBT Excluding Unusual Items | 2,490 | 2,069 | 1,601 | 1,732 | 1,672 | 1,586 |
Restructuring Charges | - | - | - | -72 | - | - |
Legal Settlements | 9 | -296 | - | -35 | - | - |
Other Unusual Items | - | - | -67 | - | -71 | -59 |
Pretax Income | 2,499 | 1,773 | 1,534 | 1,625 | 1,601 | 1,527 |
Income Tax Expense | -170 | -245 | -402 | -146 | -135 | -70 |
Net Income | 2,669 | 2,018 | 1,936 | 1,771 | 1,736 | 1,597 |
Net Income to Common | 2,669 | 2,018 | 1,936 | 1,771 | 1,736 | 1,597 |
Net Income Growth | 39.37% | 4.24% | 9.32% | 2.02% | 8.70% | 8.42% |
Shares Outstanding (Basic) | 619 | 587 | 563 | 552 | 547 | 539 |
Shares Outstanding (Diluted) | 621 | 589 | 563 | 552 | 547 | 540 |
Shares Change | 6.66% | 4.62% | 1.99% | 0.91% | 1.30% | 2.27% |
EPS (Basic) | 4.32 | 3.44 | 3.44 | 3.21 | 3.17 | 2.96 |
EPS (Diluted) | 4.30 | 3.42 | 3.44 | 3.21 | 3.17 | 2.96 |
EPS Growth | 31.47% | -0.54% | 7.18% | 1.21% | 7.09% | 6.09% |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Free Cash Flow | -7,616 | -6,825 | -2,723 | -527 | -706 | -2,055 |
Free Cash Flow Per Share | -12.27 | -11.59 | -4.84 | -0.95 | -1.29 | -3.81 |
Dividend Per Share | 2.348 | 2.280 | 2.190 | 2.080 | 1.950 | 1.830 |
Dividend Growth | 3.87% | 4.11% | 5.29% | 6.67% | 6.56% | 6.40% |
Profit Margin | 17.95% | 13.76% | 14.40% | 12.47% | 11.34% | 11.89% |
Free Cash Flow Margin | -51.21% | -46.53% | -20.26% | -3.71% | -4.61% | -15.30% |
EBITDA | 6,335 | 5,980 | 5,282 | 5,180 | 5,013 | 4,462 |
EBITDA Margin | 42.59% | 40.77% | 39.30% | 36.46% | 32.74% | 33.22% |
D&A For EBITDA | 3,114 | 3,082 | 2,875 | 2,567 | 2,554 | 2,257 |
EBIT | 3,221 | 2,898 | 2,407 | 2,613 | 2,459 | 2,205 |
EBIT Margin | 21.66% | 19.76% | 17.91% | 18.39% | 16.06% | 16.42% |
Revenue as Reported | 14,873 | 14,669 | 13,441 | 14,206 | 15,310 | 13,431 |