XCEL ENERGY INC XEL

Utilities SIC 4931 - Electric & Other Services Combined NAICS Utilities › Electric Power Generation, Transmission and Distribution derived Nasdaq

Last close 78.05 2026-10-23

Market cap $48.75B 2026-06-30 share count

52-week range 68.72 - 84.23

Valuation FY2025 figures against the last close

P/S—

P/E22.8x

P/FCF—

EV/EBITDA14.7x

Dividend yield2.6%

Diluted EPS3.42

Annual financial statements

Income statement

Fiscal year	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Revenue	—	—	—	—	—	—	—	$11.54B	$11.40B	$11.11B
Cost of revenue	—	—	—	—	—	—	—	$3.85B	$3.76B	$3.72B
Gross profit	—	—	—	—	—	—	—	$7.68B	$7.65B	$7.39B
Total operating expenses	$12.09B	$11.05B	$11.72B	$12.88B	$11.23B	$9.41B	$9.43B	$9.57B	$9.18B	$8.87B
Operating income	$2.58B	$2.39B	$2.48B	$2.43B	$2.20B	$2.12B	$2.10B	$1.97B	$2.22B	$2.24B
Interest expense	$1.47B	$1.25B	$1.05B	$953.0M	$842.0M	$840.0M	$773.0M	$700.0M	$663.0M	$647.0M
Pre-tax income	$1.77B	$1.53B	$1.62B	$1.60B	$1.53B	$1.47B	$1.50B	$1.44B	$1.69B	$1.70B
Income tax	$245.0M	$402.0M	$146.0M	$135.0M	$70.0M	$6.0M	$128.0M	$181.0M	$542.0M	$581.0M
Net income	$2.02B	$1.94B	$1.77B	$1.74B	$1.60B	$1.47B	$1.37B	$1.26B	$1.15B	$1.12B
EPS, basic	3.44	3.44	3.21	3.18	2.96	2.79	2.64	2.47	2.26	2.21
EPS, diluted	3.42	3.44	3.21	3.17	2.96	2.79	2.64	2.47	2.25	2.21
Shares, diluted (wtd. avg.)	589.0M	563.0M	552.0M	547.0M	540.0M	528.0M	520.0M	511.0M	509.0M	509.0M

Balance sheet

Fiscal year	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Cash and equivalents	$274.0M	$179.0M	$129.0M	$111.0M	$166.0M	$129.0M	$248.0M	$147.0M	$83.0M	$85.0M
Receivables	$1.33B	$1.25B	$1.31B	$1.37B	$1.02B	$916.0M	$837.0M	$860.0M	$797.0M	$776.0M
Inventory	—	—	—	—	—	—	—	—	$610.0M	$604.0M
Total current assets	$5.01B	$4.33B	$4.07B	$5.14B	$4.24B	$3.27B	$3.11B	$3.09B	$2.97B	$2.84B
Property, plant and equipment	$65.64B	$57.20B	$51.64B	$48.25B	$45.46B	$42.95B	$39.48B	$36.94B	$34.33B	$32.84B
Total assets	$81.37B	$70.03B	$64.08B	$61.19B	$57.85B	$53.96B	$50.45B	$45.99B	$43.03B	$41.16B
Accounts payable	$2.31B	$1.78B	$1.67B	$1.80B	$1.41B	$1.24B	$1.29B	$1.24B	$1.24B	$1.04B
Short-term debt	$1.55B	$695.0M	$785.0M	$813.0M	$1.00B	$584.0M	$595.0M	$1.04B	$814.0M	$392.0M
Total current liabilities	$7.09B	$6.46B	$5.65B	$6.08B	$5.05B	$4.24B	$4.57B	$4.46B	$4.09B	$3.25B
Long-term debt	$31.83B	$27.32B	—	—	—	—	—	—	—	—
Retained earnings	$9.21B	$8.55B	$7.86B	$7.24B	$6.57B	$5.97B	$5.41B	$4.89B	$4.41B	$3.98B
Total equity	$23.61B	$19.52B	$17.62B	$16.68B	$15.61B	$14.57B	$13.24B	$12.22B	$11.46B	$11.02B

Cash flow

Fiscal year	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Operating cash flow	$4.08B	$4.64B	$5.33B	$3.93B	$2.19B	$2.85B	$3.26B	$3.12B	$3.13B	$3.05B
Depreciation and amortisation	$2.97B	$2.77B	$2.47B	$2.44B	$2.14B	$1.96B	$1.78B	$1.66B	$1.50B	$1.32B
Stock-based compensation	$46.0M	$33.0M	$25.0M	$20.0M	$31.0M	$73.0M	$58.0M	$45.0M	$57.0M	$41.0M
Capital expenditure	$10.91B	$7.36B	$5.85B	$4.64B	$4.24B	$5.37B	$4.22B	$3.96B	$3.24B	$3.19B
Investing cash flow	-$10.97B	-$7.43B	-$5.93B	-$4.65B	-$4.29B	-$4.74B	-$4.34B	-$3.99B	-$3.30B	-$3.26B
Financing cash flow	$6.98B	$2.84B	$617.0M	$666.0M	$2.13B	$1.77B	$1.18B	$928.0M	$168.0M	$209.0M
Dividends paid	$1.28B	$1.18B	$1.09B	$1.01B	$935.0M	$856.0M	$791.0M	$730.0M	$721.0M	$681.0M
Buybacks	—	—	—	—	—	—	—	$1.0M	$3.0M	$32.0M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000072903-26-000063.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)

Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity

Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks

Revenue
Gross profit
Net income

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$11.11B	$11.40B	$11.54B	—	—	—	—	—	—	—
Gross profit	$7.39B	$7.65B	$7.68B	—	—	—	—	—	—	—
Net income	$1.12B	$1.15B	$1.26B	$1.37B	$1.47B	$1.60B	$1.74B	$1.77B	$1.94B	$2.02B

Recent filings and events

2026-08-20 Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
2026-07-30 Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
2026-07-29 Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
2026-07-14 Other event Item 8.01
2026-06-23 Other event Item 8.01
2026-06-22 Other event Item 8.01
2026-06-09 Other event Item 8.01
2026-06-03 Other event Item 8.01
2026-05-22 Shareholder vote The results of the annual meeting or a special vote. Item 5.07
2026-05-11 Other event Item 8.01
2026-05-05 Other event Item 8.01
2026-05-01 Other event Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 4931

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WEC	WEC ENERGY GROUP, INC.	$36.20B	23.1x	14.0%
PEG	PUBLIC SERVICE ENTERPRISE GROUP INC	$35.90B	17.1x	22.8%
PCG	PG&E Corp	$33.85B	10.7x	2.1%
AEE	AMEREN CORP	$29.91B	20.2x	15.4%
NI	NISOURCE INC.	$20.76B	22.2x	23.5%