Xcel Energy Inc (XEL)
Xcel Energy Inc brought in $14.6B of revenue over the twelve months to June 30, 2026, up 4.7% from a year earlier. Net income was $2.2B, a net margin of 15.3%. In fiscal 2025 capital spending exceeded operating cash flow by $6.8B. At June 30, 2026 it held $2B in cash against $36.9B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on July 30, 2026.
Key facts about Xcel Energy Inc
- Net worth
- Xcel Energy Inc has a market value (market cap) of $47.1B at the latest share price, and shareholders' equity of $24.1B on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $14.7B (+9.1% year on year), with net income of $2B. Over the 12 months to June 30, 2026: revenue $14.6B, net income $2.2B.
- Cash flow
- In fiscal 2025 operations brought in $4.1B of cash; after $10.9B of capital spending, free cash flow was -$6.8B.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on July 30, 2026 and covers the period to June 30, 2026. Open on SEC EDGAR
- Next earnings report
- Xcel Energy Inc's next report is expected around October 29, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Xcel Energy Inc declared dividends of $2.28 per share in fiscal 2025, a yield of 3.03% at the current price.
What Xcel Energy Inc does
Xcel Energy generates, transmits, and distributes electricity and natural gas. It produces electricity through wind, solar, nuclear, coal, and natural gas facilities, supplying power and heating fuel to residential, commercial, and industrial customers across eight western and midwestern US states. Its shares trade on NASDAQ under the ticker XEL.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $14.7B | $2B | $3.42 | -$6.8B |
| 2024 | $13.4B | $1.9B | $3.44 | -$2.7B |
| 2023 | $14.2B | $1.8B | $3.21 | -$527M |
| 2022 | $15.3B | $1.7B | $3.17 | -$706M |
| 2021 | $13.4B | $1.6B | $2.96 | -$2.1B |
| 2020 | $11.5B | $1.5B | $2.79 | -$2.5B |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where XEL ranks in Utilities
Dividends
Xcel Energy Inc declared $2.28 per share in fiscal 2025. At the current price that is a yield of 3.03%. It paid out $1.3B in cash dividends, 64% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $2.28 | $1.3B | 64% |
| 2024 | $2.19 | $1.2B | 61% |
| 2023 | $2.08 | $1.1B | 62% |
| 2022 | $1.95 | $1B | 58% |
| 2021 | n/a | $935M | 59% |
| 2020 | n/a | $856M | 58% |
Latest SEC filings
What Xcel Energy Inc has filed recently, newest first. Each links to the original document on SEC EDGAR.
- October 9, 2026Other event 8-K
- August 20, 2026Other event 8-K
- July 30, 2026Quarterly report 10-Q · period to June 30, 2026Revenue fell 5.1% to $3.1B versus the same quarter last year; diluted EPS $0.93 versus $0.75.
- July 30, 2026
- July 29, 2026
- July 14, 2026Other event 8-K
- June 25, 2026
- June 25, 2026
- June 25, 2026
- June 23, 2026Other event 8-K
Insider trades
What the people running Xcel Energy Inc did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider bought or sold shares on the open market in the last 90 days. The 7 reported changes were pay in shares, option exercises, shares withheld for tax or gifts.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| September 28, 2026 | Casey LynnDirector | Received as pay | 580 | - |
| September 28, 2026 | Welsh Timothy ADirector | Received as pay | 580 | - |
| September 28, 2026 | Pardee Charles GDirector | Received as pay | 666 | - |
| September 28, 2026 | Kampling Patricia LDirector | Received as pay | 774 | - |
| September 28, 2026 | Burkhart Megan DDirector | Received as pay | 688 | - |
| September 28, 2026 | Carter Peter WDirector | Received as pay | 404 | - |
| July 29, 2026 | Carter Peter WDirector | Received as pay | 1,819 | - |
| June 28, 2026 | Burkhart Megan DDirector | Received as pay | 584 | - |
Who owns XEL
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Vanguard Capital Management13G, passive | 7.33% | April 29, 2026 |
| Vanguard Portfolio Management13G, passive | 5.58% | April 29, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 1,285 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 60,898,333 | +6,986,926 |
| Vanguard Capital Management LLC | 40,769,716 | +1,280,554 |
| State Street Corp | 38,896,012 | +1,770,356 |
| Vanguard Portfolio Management LLC | 35,610,992 | +834,517 |
| Bank of America Corp | 29,933,748 | +491,937 |
| Capital Research Global Investors | 29,301,965 | +2,043,441 |
| Jpmorgan Chase & Co | 21,741,661 | -6,957,306 |
| Invesco Ltd. | 21,381,193 | +212,731 |
| Geode Capital Management, LLC | 18,042,089 | +1,047,557 |
| Massachusetts Financial Services Co | 16,269,553 | -1,809,087 |
| Fmr LLC | 11,152,597 | +4,433,391 |
| GQG Partners LLC | 11,104,441 | -88,721 |
| Goldman Sachs Group Inc | 10,997,965 | +3,986,326 |
| Aristotle Capital Management, LLC | 10,459,005 | -647,316 |
| Pictet Asset Management Holding SA | 9,038,572 | +166,709 |
| Barrow Hanley Mewhinney & Strauss LLC | 8,818,013 | +3,245,355 |
| Morgan Stanley | 7,894,693 | +724,974 |
| Franklin Resources Inc | 7,869,605 | +102,463 |
| Legal & General Group Plc | 6,270,777 | +69,742 |
| Deutsche Bank AG\ | 5,403,828 | +1,386,744 |
Insiders
18 insiders reported holding 1,007,114 shares in total, about $75.9M at the last price.
| Holder | Shares |
|---|---|
| Frenzel RobertChairman, President and CEO, Director | 512,597 |
| Van Abel Brian JEVP, Chief Financial Officer | 110,697 |
| Rome Amanda JEVP, Group President, Utilitie | 55,819 |
| Casey LynnDirector | 44,520 |
| Lamb Michael G.EVP, Chief Delivery Officer | 40,46323,808 held indirectly |
| Pardee Charles GDirector | 34,643 |
| Sharp ScottEVP, Chief Generation Officer | 30,274 |
| Kampling Patricia LDirector | 26,011 |
| Correa PatriciaSVP, Chief Human Resources Off | 25,081 |
| Burkhart Megan DDirector | 24,703 |
Questions about XEL
What does Xcel Energy Inc do?
Xcel Energy generates, transmits, and distributes electricity and natural gas. It produces electricity through wind, solar, nuclear, coal, and natural gas facilities, supplying power and heating fuel to residential, commercial, and industrial customers across eight western and midwestern US states. Its shares trade on NASDAQ under the ticker XEL.
What is Xcel Energy Inc's net worth?
Xcel Energy Inc has a market value (market cap) of $47.1B at the latest share price, and shareholders' equity of $24.1B on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Xcel Energy Inc profitable?
Yes. Over the twelve months to June 30, 2026 it reported net income of $2.2B on revenue of $14.6B, a net margin of 15.3%.
How much revenue does Xcel Energy Inc make?
Over the twelve months to June 30, 2026 Xcel Energy Inc reported revenue of $14.6B. That is 4.7% more than a year earlier.
When did Xcel Energy Inc last report?
Its most recent periodic report is the quarterly report (10-Q) filed on July 30, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the other event from October 9, 2026.
When is Xcel Energy Inc's next earnings report?
Xcel Energy Inc's next report is expected around October 29, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
Does Xcel Energy Inc pay a dividend?
Yes. Xcel Energy Inc declared dividends of $2.28 per share in fiscal 2025, a yield of 3.03% at the current price.
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Where the numbers come from
Financial figures are the values Xcel Energy Inc tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.