Xcel Energy, Inc. (XEL) Financial Statements
Historical financial data — 42 statements covering FY2016–FY2025
Xcel Energy manages utilities serving 3.9 million electric customers and 2.2 million natural gas customers in eight states. Its utilities are Northern States Power, which serves customers in Minnes...
Xcel Energy, Inc.'s revenue increased 9.1% year over year, from $13.44B to $14.67B.
Net income increased 4.2% over the same period, from $1.94B to $2.02B.
Over the 9-year period from FY2016 to FY2025, revenue grew by 32% in total.
Total debt increased by 19.2% to $33.38B.
The debt-to-equity ratio stands at 1.41, indicating a elevated leverage profile.
Operating cash flow declined 12.0% to $4.08B.
Xcel Energy, Inc. maintains a healthy net profit margin of 13.8%.
Recent Financial Statements
Quarterly figures are standalone quarters, de-cumulated from YTD filings (Q4 = FY − Q3 YTD when not reported).
| Period | Revenue | Net Income | Gross Profit | EBIT | Op. Cash Flow | Total Assets | Total Debt | Equity |
|---|---|---|---|---|---|---|---|---|
| Q3 FY2024 | $3.64B+20.3% | $682.0M | $911.0M | $911.0M | $1.74B | $69.29B | $27.57B | $19.35B |
| Q4 FY2024 | $3.12B-14.4% | $464.0M | $347.0M | $347.0M | $664.0M | $70.03B | $28.01B | $19.52B |
| Q1 FY2025 | $3.91B+25.2% | $483.0M | $677.0M | $677.0M | $1.03B | $72.75B | $30.11B | $19.80B |
| Q2 FY2025 | $3.29B-15.8% | $444.0M | $577.0M | $577.0M | $1.08B | $75.34B | $31.92B | $20.96B |
| Q3 FY2025 | $3.92B+19.1% | $524.0M | $749.0M | $749.0M | $1.76B | $79.15B | $33.36B | $21.18B |
| Q4 FY2025 | $3.56B-9.0% | $567.0M | $580.0M | $580.0M | $209.0M | $81.37B | $33.38B | $23.61B |
| Q1 FY2026 | $4.02B+12.9% | $556.0M | $754.0M | $754.0M | $1.70B | $84.83B | $39.24B | $23.81B |
| Q2 FY2026 | $3.12B-22.4% | $586.0M | $706.0M | $706.0M | $1.10B | $87.17B | $41.65B | $24.06B |
Balance Sheet Summary (Q2 FY2026)
Xcel Energy, Inc. (XEL) Financial Statements & Revenue History
Xcel Energy, Inc. (XEL) is a US-listed stock operating in the Utilities sector, specifically the Electric & Other Services Combined industry trading at $76.31 with a market capitalization of $48. This page provides 42 historical financial statements for Xcel Energy, Inc., including income statement, balance sheet, and cash flow data across multiple reporting periods. Most recently, Xcel Energy, Inc. reported revenue of $14.7 billion, representing 9.1% year-over-year growth. The net profit margin of 13.8% indicates moderate profitability. The debt-to-equity ratio of 1.41 indicates elevated leverage.
XEL Income Statement, Balance Sheet & Cash Flow
The financial statements table above shows Xcel Energy, Inc.'s revenue, net income, gross profit, EBIT, operating cash flow, total assets, total debt, and shareholders' equity across the most recent reporting periods. Year-over-year growth rates help identify whether XEL is accelerating or decelerating in terms of top-line revenue and bottom-line profitability.
- Revenue trend: Track XEL's top-line growth across quarters and fiscal years to identify acceleration or deceleration in the business.
- Profitability: Net income and gross profit margins reveal how efficiently Xcel Energy, Inc. converts revenue into earnings.
- Balance sheet health: Total assets, liabilities, debt, and equity provide a snapshot of XEL's financial position and leverage.
- Cash flow: Operating cash flow shows how much cash the business generates from its core operations, which is critical for funding dividends, buybacks, and growth.
How to Use XEL Financial Data
Investors use Xcel Energy, Inc.'s financial statements to assess the company's financial health, growth trajectory, and valuation. Key metrics to focus on include:
- Revenue growth rate: Consistent double-digit revenue growth suggests a strong business; declining revenue may signal competitive pressure.
- Net profit margin: Higher margins indicate a more efficient business with pricing power. Compare XEL's margins to sector peers for context.
- Debt levels: High debt-to-equity ratios increase financial risk, especially in rising-rate environments. Low debt provides flexibility.
- Valuation multiples: See how XEL's P/E, P/S, and EV/EBITDA ratios compare to historical levels.
- Full analysis: View XEL's financial health score, earnings, and pre-market pricing.
Financial data is sourced from Xcel Energy, Inc.'s SEC filings (10-K, 10-Q) via Polygon.io and Finnhub.XEL trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.