Xcel Energy Inc.

XEL ·Utilities, Utilities - Regulated Electric, United States

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Profit Margins

Gross Margin Operating Margin Net Margin

Period	Gross Margin	Operating Margin	Net Margin
Jun 2008	—	9.9%	4.0%
Sep 2008	—	15.7%	7.8%
Mar 2009	—	13.8%	6.5%
Jun 2009	—	13.9%	5.8%
Sep 2009	—	20.1%	9.5%
Dec 2009	—	13.5%	6.5%
Mar 2010	—	14.4%	6.0%
Jun 2010	—	14.1%	6.1%
Sep 2010	—	21.6%	11.9%
Dec 2010	—	12.6%	5.3%
Mar 2011	—	15.1%	7.2%
Jun 2011	—	14.7%	6.5%
Sep 2011	—	23.0%	11.9%
Dec 2011	—	13.4%	5.5%
Mar 2012	—	14.7%	7.1%
Jun 2012	—	17.8%	8.0%
Sep 2012	—	26.4%	14.6%
Dec 2012	—	12.4%	5.5%
Mar 2013	—	16.3%	8.5%
Jun 2013	—	15.6%	7.6%
Sep 2013	—	23.6%	12.9%
Dec 2013	—	11.9%	5.5%
Mar 2014	—	15.4%	8.2%
Jun 2014	—	14.8%	7.3%
Sep 2014	—	23.2%	12.8%
Dec 2014	—	13.4%	6.7%
Mar 2015	—	11.8%	5.1%
Jun 2015	—	16.8%	7.8%
Sep 2015	—	27.1%	14.7%
Dec 2015	—	16.7%	7.9%
Mar 2016	—	17.7%	8.7%
Jun 2016	—	17.3%	7.9%
Sep 2016	—	27.2%	15.1%
Dec 2016	—	16.6%	8.1%
Mar 2017	—	16.7%	8.1%
Jun 2017	—	17.6%	8.6%
Sep 2017	—	27.3%	16.3%
Dec 2017	—	15.7%	6.8%
Mar 2018	—	16.3%	9.9%
Jun 2018	—	16.9%	10.0%
Sep 2018	—	22.8%	16.1%
Dec 2018	—	11.8%	7.4%
Mar 2019	—	15.5%	10.0%
Jun 2019	—	15.9%	9.2%
Sep 2019	—	25.2%	17.5%