XCEL ENERGY INC
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XEL Q1 2026 request
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| Metric | Q1 2026 | Q1 2025 | YoY |
|---|---|---|---|
| Regulated Operating Revenue Electric | 2,976 | 2,835 | +5.0% |
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| Regulated Electric Segment · Operating Segments | 2,976 | 2,835 | +5.0% |
| Regulated Operating Revenue Gas | 1,030 | 1,055 | -2.4% |
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| Regulated Natural Gas Segment · Intersegment Elimination | 4 | 5 | -20.0% |
| Regulated Natural Gas Segment · Operating Segments | 1,030 | 1,055 | -2.4% |
| Unregulated Operating Revenue | 15 | 16 | -6.2% |
| Regulated And Unregulated Operating Revenue | 4,021 | 3,906 | +2.9% |
| Electric Fueland Purchased Power | 1,019 | 1,020 | -0.1% |
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| Regulated Electric Segment · Operating Segments | 1,019 | 1,020 | -0.1% |
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| Operating Segments | 1,019 | 1,020 | -0.1% |
| Costofnatural Gas Soldand Transported | 520 | 513 | +1.4% |
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| Regulated Natural Gas Segment · Operating Segments | 520 | 513 | +1.4% |
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| Operating Segments | 520 | 513 | +1.4% |
| Other Cost Of Operating Revenue | 3 | 2 | +50.0% |
| Utilities Operating Expense Maintenance Operations And Other Costs And Expenses | 675 | 686 | -1.6% |
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| Regulated Electric Segment · Operating Segments | 558 | 567 | -1.6% |
| Regulated Natural Gas Segment · Operating Segments | 106 | 106 | 0.0% |
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| Operating Segments | 664 | 673 | -1.3% |
| Conservationand Demand Side Management Program Expenses | 121 | 110 | +10.0% |
| Utilities Operating Expense Depreciation And Amortization | 768 | 728 | +5.5% |
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| Regulated Electric Segment · Operating Segments | 653 | 625 | +4.5% |
| Regulated Natural Gas Segment · Operating Segments | 110 | 99 | +11.1% |
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| Operating Segments | 763 | 724 | +5.4% |
| Taxes Other | 183 | 170 | +7.6% |
| Gain Loss Related To Litigation Settlement | -22 | — | — |
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| Marshall Wildfire Settlement | -22 | — | — |
| Total Costs & Expenses | 3,267 | 3,229 | +1.2% |
| Operating Income | 754 | 677 | +11.4% |
| Other Non-Operating Income (Expense) | 22 | 7 | +214.3% |
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| Regulated Electric Segment · Operating Segments | 144 | 172 | -16.3% |
| Regulated Natural Gas Segment · Operating Segments | 42 | 56 | -25.0% |
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| Operating Segments | 186 | 228 | -18.4% |
| Income Loss From Equity Method Investments | 13 | -1 | +1400.0% |
| Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity | 92 | 48 | +91.7% |
| Interest Expense | 412 | 332 | +24.1% |
| Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Debt | -40 | -23 | -73.9% |
| Interest And Debt Expense | 372 | 309 | +20.4% |
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| Regulated Electric Segment · Operating Segments | 250 | 204 | +22.5% |
| Regulated Natural Gas Segment · Operating Segments | 34 | 30 | +13.3% |
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| Operating Segments | 284 | 234 | +21.4% |
| Income Before Taxes | 509 | 422 | +20.6% |
| Income Tax Expense (Benefit) | -47 | -61 | +23.0% |
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| Regulated Electric Segment · Operating Segments | -77 | -95 | +18.9% |
| Regulated Natural Gas Segment · Operating Segments | 52 | 61 | -14.8% |
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| Operating Segments | -25 | -34 | +26.5% |
| Net Income | 556 | 483 | +15.1% |
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| All Other Segments | -43 | -54 | +20.4% |
| Regulated Electric Segment · Operating Segments | 429 | 342 | +25.4% |
| Regulated Natural Gas Segment · Operating Segments | 170 | 195 | -12.8% |
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| Retained Earnings | 556 | 483 | +15.1% |
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| Operating Segments | 599 | 537 | +11.5% |
| Wtd Avg Shares (Basic) | 624 | 575 | +8.5% |
| Wtd Avg Shares (Diluted) | 626 | 577 | +8.5% |
| EPS (Basic) | 0.89 | 0.84 | +6.0% |
| EPS (Diluted) | 0.89 | 0.84 | +6.0% |
| Revenue (Q) | — | — | — |
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| Other | 62 | 68 | -8.8% |
| Other · Regulated Electric | 12 | 17 | -29.4% |
| Other · Regulated Natural Gas | 50 | 51 | -2.0% |
| Product | 3,754 | 3,703 | +1.4% |
| Product · All Other Segments | 12 | 13 | -7.7% |
| Product · Regulated Electric | 2,746 | 2,687 | +2.2% |
| Product · Regulated Natural Gas | 996 | 1,003 | -0.7% |
| Retail | 3,289 | 3,257 | +1.0% |
| Retail · All Other Segments | 9 | 10 | -10.0% |
| Retail · All Other Segments | 2 | 2 | 0.0% |
| Retail · All Other Segments | 1 | 1 | 0.0% |
| Retail · All Other Segments | 12 | 13 | -7.7% |
| Retail · C&I | 1,735 | 1,663 | +4.3% |
| Retail · Other | 37 | 37 | 0.0% |
| Retail · Regulated Electric | 1,392 | 1,333 | +4.4% |
| Retail · Regulated Electric | 35 | 35 | 0.0% |
| Retail · Regulated Electric | 904 | 924 | -2.2% |
| Retail · Regulated Electric | 2,331 | 2,292 | +1.7% |
| Retail · Regulated Natural Gas | 334 | 320 | +4.4% |
| Retail · Regulated Natural Gas | 612 | 632 | -3.2% |
| Retail · Regulated Natural Gas | 946 | 952 | -0.6% |
| Retail · Residential | 1,517 | 1,557 | -2.6% |
| Transmission | 186 | 172 | +8.1% |
| Transmission · Regulated Electric | 186 | 172 | +8.1% |
| Wholesale | 217 | 206 | +5.3% |
| Wholesale · Regulated Electric | 217 | 206 | +5.3% |
| Revenue (Q) | — | — | — |
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| All Other Segments · Operating Segments | 15 | 16 | -6.2% |
| Regulated Electric · Operating Segments | 2,976 | 2,835 | +5.0% |
| Regulated Natural Gas · Operating Segments | 1,030 | 1,055 | -2.4% |
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| Operating Segments | 4,021 | 3,906 | +2.9% |
| Other Revenue (Q) | — | — | — |
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| Alternative revenue and other | 267 | 203 | +31.5% |
| Alternative revenue and other · All Other Segments | 3 | 3 | 0.0% |
| Alternative revenue and other · Regulated Electric | 230 | 148 | +55.4% |
| Alternative revenue and other · Regulated Natural Gas | 34 | 52 | -34.6% |
| Comprehensive Income | 560 | 479 | +16.9% |
| Other Comprehensive Income | 4 | -4 | +200.0% |
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| Accumulated Other Comprehensive Income | 4 | -4 | +200.0% |
Balance Sheet
| Metric | Q1 2026 | Q1 2025 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 1,760 | 1,123 | +56.7% |
| Accounts Receivable | 1,346 | 1,287 | +4.6% |
| Accrued Unbilled Revenues | 746 | 769 | -3.0% |
| Inventory | 709 | 625 | +13.4% |
| Regulatory Assets Current | 482 | 627 | -23.1% |
| Derivative Instruments And Hedges | 138 | 113 | +22.1% |
| Prepaid Expenses & Other Current Assets | 701 | 749 | -6.4% |
| Total Current Assets | 5,882 | 5,368 | +9.6% |
| Non-Current Assets | |||
| Property, Plant & Equipment | 67,808 | 58,807 | +15.3% |
| Investments And Other Noncurrent Assets | 4,336 | 3,888 | +11.5% |
| Regulatory Assets Noncurrent | 3,020 | 2,806 | +7.6% |
| Derivative Instruments And Hedges Noncurrent | 66 | 73 | -9.6% |
| Operating Lease Right-of-Use Assets | 868 | 1,077 | -19.4% |
| Finance Lease Right Of Use Asset | 1,431 | — | — |
| Other Non-Current Assets | 1,417 | 730 | +94.1% |
| Other Assets Excluding Property Plant And Equipment | 11,138 | 8,574 | +29.9% |
| Total Assets | 84,828 | 72,749 | +16.6% |
| Current Liabilities | |||
| Long Term Debt And Capital Lease Obligations Current | 1,001 | 1,103 | -9.2% |
| Short Term Borrowings | 1,480 | 719 | +105.8% |
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| Bilateral Credit Agreement [Member] · NSP-Minnesota | 69 | 72 | -4.2% |
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| Commercial Paper | 1,480 | 719 | +105.8% |
| Letter Of Credit | 92 | 41 | +124.4% |
| Accounts Payable | 2,261 | 1,942 | +16.4% |
| Regulatory Liability Current | 701 | 815 | -14.0% |
| Taxes Payable Current | 697 | 631 | +10.5% |
| Interest Payable Current | 419 | 330 | +27.0% |
| Dividends Payable Current | 370 | 328 | +12.8% |
| Derivative Instruments And Hedges Liabilities | 20 | 37 | -45.9% |
| Operating Lease Liability Current | 111 | 219 | -49.3% |
| Other Liabilities Current | 576 | 617 | -6.6% |
| Total Current Liabilities | 7,636 | 6,741 | +13.3% |
| Non-Current Liabilities | |||
| Deferred Tax Liabilities | 5,918 | 5,368 | +10.2% |
| Regulatory Liability Noncurrent | 6,387 | 6,100 | +4.7% |
| Asset Retirement Obligations Noncurrent | 3,937 | 3,756 | +4.8% |
| Derivative Instruments And Hedges Liabilities Noncurrent | 56 | 72 | -22.2% |
| Contract With Customer Liability Noncurrent | 128 | 139 | -7.9% |
| Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent | 289 | 352 | -17.9% |
| Operating Lease Liabilities | 761 | 889 | -14.4% |
| Finance Lease Liability Noncurrent | 1,298 | — | — |
| Other Non-Current Liabilities | 60 | 132 | -54.5% |
| Deferred Credits And Other Liabilities Noncurrent | 18,834 | — | — |
| Long-Term Debt | 35,553 | 30,499 | +16.6% |
| Stockholders' Equity | |||
| Long Term Debt And Capital Lease Obligations | 34,552 | 29,396 | +17.5% |
| Common Stock | 1,560 | 1,441 | +8.3% |
| Common Stock Shares Authorized | 1,000,000,000 | 1,000,000,000 | 0.0% |
| Common Stock Par Or Stated Value Per Share | 2.5 | 2.5 | 0.0% |
| Common Stock Shares Outstanding | 624,162,780 | 576,547,051 | +8.3% |
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| Common Stock | 624,162,780 | 576,547,051 | +8.3% |
| Additional Paid In Capital Common Stock | 12,914 | 9,729 | +32.7% |
| Retained Earnings | 9,391 | 8,706 | +7.9% |
| Accumulated Other Comprehensive Income | -59 | -72 | +18.1% |
| Total Stockholders' Equity | 23,806 | 19,804 | +20.2% |
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| Accumulated Defined Benefit Plans Adjustment | -38 | -39 | +2.6% |
| Accumulated Gain Loss Net Cash Flow Hedge Parent | -21 | -33 | +36.4% |
| Accumulated Other Comprehensive Income | -59 | -72 | +18.1% |
| Total Liabilities & Equity | 84,828 | 72,749 | +16.6% |
Cash Flow Statement
| Metric | YTD Q1 2026 | YTD Q1 2025 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Depreciation Amortization And Accretion Net | 767 | 734 | +4.5% |
| Nuclear Fuel Amortization | 27 | 29 | -6.9% |
| Deferred Income Taxes | -5 | 13 | -138.5% |
| Equity Method Investment Dividends Or Distributions | 7 | 8 | -12.5% |
| Provision For Bad Debts | 13 | 19 | -31.6% |
| Stock-Based Compensation | 11 | 9 | +22.2% |
| Increase Decrease In Accounts And Other Receivables | -30 | -58 | +48.3% |
| Increase Decreasein Accrued Unbilled Revenues | 134 | 63 | +112.7% |
| Change in Inventory | 2 | -4 | +150.0% |
| Increase Decrease In Other Current Assets | 415 | -18 | +2405.6% |
| Change in Accounts Payable | -191 | -105 | -81.9% |
| Increase Decrease In Regulatory Assets And Liabilities | 87 | 25 | +248.0% |
| Increase Decrease In Other Current Liabilities | 110 | 29 | +279.3% |
| Increase Decrease In Employee Related Liabilities | -77 | -124 | +37.9% |
| Other Operating Activities Cash Flow Statement | -24 | -28 | +14.3% |
| Net Cash from Operations | 1,697 | 1,028 | +65.1% |
| Investing Activities | |||
| Payments To Acquire Productive Assets | -3,022 | -1,988 | -52.0% |
| Payments To Acquire Investments | -763 | -241 | -216.6% |
| Proceeds From Sale And Maturity Of Other Investments | 763 | 240 | +217.9% |
| Other Investing Activities | 3 | -2 | +250.0% |
| Net Cash from Investing | -3,019 | -1,991 | -51.6% |
| Inventorytransferstoplantpropertyandequipment | 59 | 61 | -3.3% |
| Right Of Use Asset Obtained In Exchange For Operating Lease Liability | 48 | 55 | -12.7% |
| Allowance For Funds Used During Construction Investing Activities | 92 | 48 | +91.7% |
| Stock Issued1 | 18 | 18 | 0.0% |
| Financing Activities | |||
| Proceeds From Repayments Of Short Term Debt | -70 | 24 | -391.7% |
| Proceeds From Issuance Of Long Term Debt | 3,259 | 2,077 | +56.9% |
| Proceeds From Issuance Of Common Stock | 1 | 122 | -99.2% |
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| Dividend Reinvestment Program | 45 | 30 | +50.0% |
| Payments Of Dividends | -347 | -306 | -13.4% |
| Proceeds From Payments For Other Financing Activities | -35 | -10 | -250.0% |
| Net Cash from Financing | 2,808 | 1,907 | +47.2% |
| Supplemental | |||
| Interest Paid | -283 | -252 | -12.3% |
| Unpaid Capital Expenditures | 1,315 | 891 | +47.6% |
| Other Cash Flow | |||
| Net Change in Cash | 1,486 | 944 | +57.4% |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 1,760 | 1,123 | +56.7% |
Values in millions USD. Source: SEC EDGAR 10-Q filing.