Xcel Energy Inc (XEL)

Xcel Energy Inc., through its subsidiaries, operates as an electric and natural gas delivery company in the United States. It operates through Regulated Electric Utility and Regulated Natural Gas Utility segments. The company generates, purchases, transmits, distributes, and sells electricity through its energy portfolio, including wind, nuclear, hydroelectric, biomass, and solar power from both owned generation facilities and PPAs, as well as its fossil fuel energy portfolio, such as coal and natural gas; sale and resale of wholesale transmission service; and engages in wholesale commodity and trading operations. It also purchases, transports, stores, distributes, and sells natural gas; develops and leases natural gas pipelines and storage facilities; operates interstate natural gas pipeline; and invests in rental housing projects, energy technology companies, and community solar garden nonregulated assets. It serves electric and natural gas customers in portions of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas, and Wisconsin. The company was formerly known as Northern States Power company. Xcel Energy Inc. was incorporated in 1909 and is headquartered in Minneapolis, Minnesota.

Symbol: XEL
Exchange: Nasdaq
Sector: Utilities
Industry: Utilities - Regulated Electric
Market cap: $44.58B
52 week range: 68.72 - 84.23

Valuation

Share price: $71.40 (close of 2026-10-02)
P/E (TTM): 19.46x
Price to book: 1.85x
Price to free cash flow: -5.80x
Enterprise value: $82.90B
Book value per share: $38.53

Price performance

Period	Change
1 day	+1.20%
5 days	+2.29%
1 month	-5.44%
3 months	-12.88%
6 months	-11.57%
Year to date	-3.33%
1 year	-10.30%
3 years	+29.75%
5 years	+14.26%
10 years	+73.55%
All time	+884.83%

Members of Congress who disclosed XEL trades

Julie Johnson

Super investors holding XEL

Ken Griffin (Citadel) · George Soros (Soros Fund Mgmt) · Mairs & Power (Mairs & Power Inc) · Ray Dalio (Bridgewater Associates)

Profitability and growth

Return on equity: 8.55%
Return on invested capital: 4.44%
Return on assets: 2.48%
Return on capital employed: 3.48%
Net income growth: 4.24%
Free cash flow growth: -150.64%

Cash flow and balance sheet

Free cash flow yield (TTM): -17.25%
Current ratio: 0.70x
Net debt to EBITDA: 5.86x

Latest reported year

Period end: 2025-12-31
Fiscal year: 2025
EBITDA: $5.55B
Net income: $2.02B
Earnings per share: $3.44
Interest expense: $1.47B
Shares outstanding: 587.00M

Income statement by year

Period end	Revenue	Gross profit	Net income	EPS
2025-12-31	-	-	$2.02B	$3.44
2024-12-31	-	-	$1.94B	$3.44
2023-12-31	-	-	$1.77B	$3.21
2022-12-31	-	-	$1.74B	$3.18
2021-12-31	-	-	$1.60B	$2.96
2020-12-31	-	-	$1.47B	$2.79
2019-12-31	-	-	$1.37B	$2.64
2018-12-31	$11.54B	$7.68B	$1.26B	$2.47
2017-12-31	$11.40B	$7.65B	$1.15B	$2.26
2016-12-31	$11.11B	$7.39B	$1.12B	$2.21

Margins and returns by year

Period end	Gross margin	Net margin	Return on equity	Return on capital
2025-12-31	-	-	8.55%	4.44%
2024-12-31	-	-	9.92%	4.82%
2023-12-31	-	-	10.05%	5.51%
2022-12-31	-	-	10.41%	5.70%
2021-12-31	-	-	10.23%	12.33%
2020-12-31	-	-	10.11%	12.70%
2019-12-31	-	-	10.36%	12.82%
2018-12-31	66.59%	10.93%	10.32%	13.60%
2017-12-31	67.06%	10.07%	10.02%	13.79%
2016-12-31	66.53%	10.11%	10.19%	14.83%

Cash and debt by year

Period end	Cash	Debt
2025-12-31	$274.00M	$31.83B
2024-12-31	$179.00M	$27.32B
2023-12-31	$129.00M	-
2022-12-31	$111.00M	-
2021-12-31	$166.00M	-
2020-12-31	$129.00M	-
2019-12-31	$248.00M	-
2018-12-31	$147.00M	-
2017-12-31	$83.00M	-
2016-12-31	$85.00M	-

Free cash flow by year

Period end	Free cash flow	Stock-based compensation
2025-12-31	-$6.83B	$46.00M
2024-12-31	-$2.72B	$33.00M
2023-12-31	-$527.00M	$25.00M
2022-12-31	-$706.00M	$20.00M
2021-12-31	-$2.06B	$31.00M
2020-12-31	-$2.52B	$73.00M
2019-12-31	-$962.00M	$58.00M
2018-12-31	-$835.00M	$45.00M
2017-12-31	-$118.00M	$57.00M
2016-12-31	-$143.00M	$41.00M

Dividend history

Most recent payment: 2026-09-15
Paid in the last twelve months: $2.35

Payment date	Dividend per share
2026-09-15	$0.59
2026-06-15	$0.59
2026-03-13	$0.59
2025-12-29	$0.57
2025-09-15	$0.57
2025-06-13	$0.57
2025-03-14	$0.57
2025-01-06	$0.55

Investor relations

Next earnings report

Next confirmed report: 2026-10-29
Consensus EPS estimate: $1.31

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-07-30	Jun/2026	$0.79
2026-04-30	Mar/2026	$0.91
2026-02-05	Dec/2025	$0.97
2025-10-30	Sep/2025	$1.31
2025-07-31	Jun/2025	$0.63
2025-04-24	Mar/2025	$0.93
2025-02-06	Dec/2024	$0.87
2024-10-31	Sep/2024	$1.29

Filings and sources

Company website: my.xcelenergy.com
SEC filings: 10-K, 10-Q and 8-K on EDGAR
Earnings calendar: All upcoming reports

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