Xcel Energy revenue and financials
$72.73Change from previous close: +1.73%Absolute change: +$1.24
In the fiscal year ended December 2025, Xcel Energy reported revenue of $14.67B (+9.14% year over year). Net income was $2.02B, a net margin of 13.8%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +9.14%
- 2025 vs 2024
- Net income growth
- +4.24%
- 2025 vs 2024
- Net margin
- 13.8%
- 2024: 14.4%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 1,100 | 1,697 | 209 | 1,765 | 1,081 | 1,028 | 664 | 1,737 | 1,190 | 1,050 | 974 | 1,898 |
| Depreciation and amortization | 689 | 794 | 779 | 787 | 753 | — | — | — | — | — | — | — |
| Capital expenditure | -2,948 | -3,022 | -3,438 | -3,055 | -2,427 | -1,988 | -2,217 | -1,779 | -1,831 | -1,537 | -1,614 | -1,641 |
| Investing cash flow | -2,940 | -3,019 | -3,477 | -3,062 | -2,439 | -1,991 | -2,231 | -1,794 | -1,847 | -1,556 | -1,634 | -1,653 |
| Financing cash flow | 2,090 | 2,808 | 2,490 | 895 | 1,689 | 1,907 | 201 | 4.0 | 1,754 | 878 | 195 | 74.0 |
| Dividends paid | -361 | -347 | -328 | -329 | -319 | -306 | -304 | -296 | -295 | -280 | -278 | -278 |
| Debt issued | 2,395 | 3,259 | 1,100 | 1,500 | 1,917 | 2,101 | 4.0 | -18.0 | 2,183 | 1,478 | -1.0 | 890 |
| Debt repaid | 4.0 | -70.0 | -490 | -291 | -932 | — | 494 | -690 | -228 | -322 | 285 | -545 |
| Net change in cash | 250 | 1,486 | -778 | -402 | 331 | 944 | -1,366 | -53.0 | 1,097 | 372 | -465 | 319 |
| Free cash flow | -1,848 | -1,325 | -3,229 | -1,290 | -1,346 | -960 | -1,553 | -42.0 | -641 | -487 | -640 | 257 |
| Levered free cash flow | -2,031 | -1,284 | -3,409 | -1,213 | -1,595 | -831 | -1,675 | -110 | -1,083 | -754 | -561 | -81.9 |