Xcel Energy Inc.

XEL ·Utilities, Utilities - Regulated Electric, United States
Financial Statements Income Statement
Annual Quarterly

Income Statement

Line Item FY2026 FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019
Revenue $13.48B $14.21B $15.31B $13.41B $11.53B $11.53B
Electric $11.05B $11.54B $11.70B $10.13B $9.40B $9.44B
Gas $2.31B $2.55B $3.45B $3.16B $2.03B $1.99B
Other $122.0M $119.0M $153.0M $114.0M $103.0M $105.0M
Cost of Revenue
Gross Profit
Gross Margin
Operating Expenses
Research & Development
SG&A Expense
Operating Income $2.58B $2.39B $2.48B $2.43B $2.20B $2.12B $2.10B
Operating Margin 17.7% 17.5% 15.9% 16.4% 18.4% 18.2%
Interest Expense $1.47B $1.26B $1.06B $953.0M $842.0M $840.0M $773.0M
Pretax Income $1.77B $1.53B $1.63B $1.60B $1.53B $1.47B $1.50B
Income Tax Expense $-245.0M $-402.0M $-146.0M $-135.0M $-70.0M $-6.0M $128.0M
Net Income $2.02B $1.94B $1.77B $1.74B $1.60B $1.47B $1.37B
Net Margin 14.4% 12.5% 11.3% 11.9% 12.8% 11.9%
EPS (Basic) $3.44 $3.44 $3.21 $3.18 $2.96 $2.79 $2.64
EPS (Diluted) $3.42 $3.44 $3.21 $3.17 $2.96 $2.79 $2.64
Shares Outstanding (Basic) 623.9M 587.0M 563.0M 552.0M 547.0M 539.0M 527.0M 519.0M
Shares Outstanding (Diluted) 623.9M 589.0M 563.0M 552.0M 547.0M 540.0M 528.0M 520.0M
Dividends Per Share $2.28 $2.19 $2.08 $1.95 $1.62
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