Security
Xcel Energy Inc. Common Stock · XEL
XELNASDAQCommon stockCurrentCIK 72903Updated Oct 31, 2026
Name history
NORTHERN STATES POWER CO /MN/ · through Feb 14, 2000
XEL price & chart
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NASDAQ:XEL on TradingView ↗In the news
National Forest Foundation and Xcel Energy Launch Partnership to Reduce Wildfire Risk in Colorado ↗
Recent filings
Other Events
Items 8.01, 9.01
424B5 filing
10-Q filing
10-Q filing
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Items 5.02, 9.01
Show 5 more recent filings
Financials
FY 2025 · USDSource
Source
Source
Source
balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | Q1 2024 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | 79,154,000,000Source | 69,286,000,000Source | 87,165,000,000Source | 75,337,000,000Source | 67,927,000,000Source | 84,828,000,000Source | 72,749,000,000Source | 65,585,000,000Source | 81,371,000,000Source | 70,035,000,000Source | 64,079,000,000Source | 61,188,000,000Source |
| Property, Plant and Equipment, NetUSD | 63,131,000,000Source | 55,321,000,000Source | 69,497,000,000Source | 60,751,000,000Source | 53,890,000,000Source | 67,808,000,000Source | 58,807,000,000Source | 52,765,000,000Source | 65,639,000,000Source | 57,198,000,000Source | 51,642,000,000Source | 48,253,000,000Source |
| Current assets: | ||||||||||||
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 1,246,000,000Source | 1,187,000,000Source | 1,255,000,000Source | 1,133,000,000Source | 1,138,000,000Source | 1,346,000,000Source | 1,287,000,000Source | 1,220,000,000Source | 1,330,000,000Source | 1,249,000,000Source | 1,315,000,000Source | 1,373,000,000Source |
| Assets, CurrentUSD | 5,681,000,000Source | 5,469,000,000Source | 6,082,000,000Source | 5,667,000,000Source | 5,699,000,000Source | 5,882,000,000Source | 5,368,000,000Source | 4,489,000,000Source | 5,014,000,000Source | 4,325,000,000Source | 4,069,000,000Source | 5,144,000,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 1,142,000,000Source | 504,000,000Source | 587,000,000Source | 652,000,000Source | 541,000,000Source | 701,000,000Source | 749,000,000Source | 548,000,000Source | 1,075,000,000Source | 652,000,000Source | 294,000,000Source | 360,000,000Source |
| Operating Lease, Right-of-Use AssetUSD | 877,000,000Source | 1,096,000,000Source | 865,000,000Source | 1,131,000,000Source | 1,145,000,000Source | 868,000,000Source | 1,077,000,000Source | 1,164,000,000Source | 893,000,000Source | 1,060,000,000Source | 1,217,000,000Source | 1,204,000,000Source |
| Other Assets, NoncurrentUSD | 871,000,000Source | 596,000,000Source | 1,421,000,000Source | 801,000,000Source | 567,000,000Source | 1,417,000,000Source | 730,000,000Source | 562,000,000Source | 1,036,000,000Source | 635,000,000Source | 678,000,000Source | 389,000,000Source |
| LIABILITIES AND EQUITY | ||||||||||||
| Stockholders’ equity: | ||||||||||||
| Common Stock, Value, IssuedUSD | 1,479,000,000Source | 1,435,000,000Source | 1,561,000,000Source | 1,478,000,000Source | 1,393,000,000Source | 1,560,000,000Source | 1,441,000,000Source | 1,389,000,000Source | 1,559,000,000Source | 1,436,000,000Source | 1,387,000,000Source | 1,374,000,000Source |
| Retained Earnings (Accumulated Deficit)USD | 8,995,000,000Source | 8,406,000,000Source | 9,607,000,000Source | 8,813,000,000Source | 8,039,000,000Source | 9,391,000,000Source | 8,706,000,000Source | 8,042,000,000Source | 9,207,000,000Source | 8,553,000,000Source | 7,858,000,000Source | 7,239,000,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -65,000,000Source | -66,000,000Source | -58,000,000Source | -66,000,000Source | -67,000,000Source | -59,000,000Source | -72,000,000Source | -71,000,000Source | -63,000,000Source | -68,000,000Source | -94,000,000Source | -93,000,000Source |
| Stockholders' Equity Attributable to ParentUSD | 21,181,000,000Source | 19,352,000,000Source | 24,057,000,000Source | 20,961,000,000Source | 17,954,000,000Source | 23,806,000,000Source | 19,804,000,000Source | 17,841,000,000Source | 23,609,000,000Source | 19,522,000,000Source | 17,616,000,000Source | 16,675,000,000Source |
| Additional Paid in Capital, Common StockUSD | 10,772,000,000Source | 9,577,000,000Source | 12,947,000,000Source | 10,736,000,000Source | 8,589,000,000Source | 12,914,000,000Source | 9,729,000,000Source | 8,481,000,000Source | 12,906,000,000Source | 9,601,000,000Source | 8,465,000,000Source | 8,155,000,000Source |
| Liabilities and EquityUSD | 79,154,000,000Source | 69,286,000,000Source | 87,165,000,000Source | 75,337,000,000Source | 67,927,000,000Source | 84,828,000,000Source | 72,749,000,000Source | 65,585,000,000Source | 81,371,000,000Source | 70,035,000,000Source | 64,079,000,000Source | 61,188,000,000Source |
| Current liabilities: | ||||||||||||
| Liabilities, CurrentUSD | 7,148,000,000Source | 5,858,000,000Source | 8,672,000,000Source | 5,886,000,000Source | 5,900,000,000Source | 7,636,000,000Source | 6,741,000,000Source | 5,210,000,000Source | 7,089,000,000Source | 6,459,000,000Source | 5,652,000,000Source | 6,078,000,000Source |
| Operating Lease, Liability, CurrentUSD | 114,000,000Source | 226,000,000Source | 107,000,000Source | 211,000,000Source | 226,000,000Source | 111,000,000Source | 219,000,000Source | 228,000,000Source | 110,000,000Source | 227,000,000Source | 226,000,000Source | 217,000,000Source |
| Accounts Payable, CurrentUSD | 2,328,000,000Source | 1,713,000,000Source | 2,323,000,000Source | 2,096,000,000Source | 1,546,000,000Source | 2,261,000,000Source | 1,942,000,000Source | 1,461,000,000Source | 2,307,000,000Source | 1,781,000,000Source | 1,668,000,000Source | 1,804,000,000Source |
| Operating Lease, Liability, NoncurrentUSD | 771,000,000Source | 908,000,000Source | 759,000,000Source | 945,000,000Source | 961,000,000Source | 761,000,000Source | 889,000,000Source | 980,000,000Source | 788,000,000Source | 867,000,000Source | 1,038,000,000Source | 1,038,000,000Source |
| Deferred Income Tax Liabilities, NetUSD | 5,927,000,000Source | 5,480,000,000Source | 6,012,000,000Source | 5,739,000,000Source | 5,280,000,000Source | 5,918,000,000Source | 5,368,000,000Source | 5,108,000,000Source | 6,004,000,000Source | 5,319,000,000Source | 4,885,000,000Source | 4,756,000,000Source |
| Other Liabilities, NoncurrentUSD | 65,000,000Source | 93,000,000Source | 61,000,000Source | 128,000,000Source | 95,000,000Source | 60,000,000Source | 132,000,000Source | 134,000,000Source | 61,000,000Source | 89,000,000Source | 148,000,000Source | 147,000,000Source |
| Additional Financial Items | ||||||||||||
| Dividends Payable, CurrentUSD | 337,000,000Source | 312,000,000Source | 370,000,000Source | 337,000,000Source | 305,000,000Source | 370,000,000Source | 328,000,000Source | 304,000,000Source | 355,000,000Source | 314,000,000Source | 289,000,000Source | 268,000,000Source |
| Long-term DebtUSD | 32,035,000,000Source | 28,575,000,000Source | 36,947,000,000Source | 31,350,000,000Source | 28,570,000,000Source | 35,553,000,000Source | 30,499,000,000Source | 26,948,000,000Source | 31,832,000,000Source | — | — | — |
| Cash and Cash Equivalents, at Carrying Value | —Source | —Source | —Source | —Source | —Source | —Source | —Source | —Source | — | — | — | — |
| Inventory, Net | —Source | —Source | —Source | —Source | —Source | —Source | —Source | —Source | — | — | — | — |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | — | — | — | — | 11,000,000Source | 9,000,000Source | 46,000,000Source | 33,000,000Source | 25,000,000Source | 20,000,000Source |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in InventoriesUSD | — | — | — | — | — | — | -2,000,000Source | 4,000,000Source | 300,000,000Source | 140,000,000Source | 98,000,000Source | 203,000,000Source |
| Increase (Decrease) in Accounts PayableUSD | — | — | — | — | — | — | -191,000,000Source | -105,000,000Source | -50,000,000Source | 37,000,000Source | -149,000,000Source | 195,000,000Source |
| Deferred Income Tax Expense (Benefit)USD | — | — | — | — | — | — | -5,000,000Source | 13,000,000Source | 414,000,000Source | 225,000,000Source | -59,000,000Source | -140,000,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | 1,697,000,000Source | 1,028,000,000Source | 4,083,000,000Source | 4,641,000,000Source | 5,327,000,000Source | 3,932,000,000Source |
| Cash flows from investing activities: | ||||||||||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | -3,019,000,000Source | -1,991,000,000Source | -10,969,000,000Source | -7,428,000,000Source | -5,926,000,000Source | -4,653,000,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | — | — | — | — | — | — | -3,000,000Source | 2,000,000Source | 58,000,000Source | 27,000,000Source | 37,000,000Source | -20,000,000Source |
| Cash flows from financing activities: | ||||||||||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | 2,808,000,000Source | 1,907,000,000Source | 6,981,000,000Source | 2,837,000,000Source | 617,000,000Source | 666,000,000Source |
| Dividends paid | — | — | — | — | — | — | —Source | —Source | —Source | —Source | —Source | —Source |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | — | — | — | — | — | — | -35,000,000Source | -10,000,000Source | 9,000,000Source | -6,000,000Source | -12,000,000Source | -15,000,000Source |
| Repayments of Long-term DebtUSD | — | — | — | — | — | — | — | — | 1,713,000,000Source | 656,000,000Source | 1,151,000,000Source | 601,000,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | — | — | — | 1,486,000,000Source | 944,000,000Source | 95,000,000Source | 50,000,000Source | 18,000,000Source | -55,000,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 1,052,000,000Source | 1,545,000,000Source | 2,010,000,000Source | 1,454,000,000Source | 1,760,000,000Source | 1,123,000,000Source | 274,000,000Source | 179,000,000Source | 129,000,000Source | 111,000,000Source |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | — | — | 283,000,000Source | 252,000,000Source | 1,262,000,000Source | 1,131,000,000Source | 945,000,000Source | 887,000,000Source |
| Income Taxes Paid, NetUSD | — | — | — | — | — | — | — | 64,000,000Source | 641,000,000Source | -588,000,000Source | -92,000,000Source | 15,000,000Source |
| Additional Financial Items | ||||||||||||
| Share-based Payment Arrangement, ExpenseUSD | — | — | — | — | — | — | — | — | 57,000,000Source | 30,000,000Source | 27,000,000Source | 36,000,000Source |
| Asset Retirement Obligation, Accretion ExpenseUSD | — | — | — | — | — | — | — | — | 178,000,000Source | 153,000,000Source | 154,000,000Source | 148,000,000Source |
| Depreciation, Amortization and Accretion, NetUSD | — | — | — | — | — | — | 767,000,000Source | 734,000,000Source | 2,968,000,000Source | 2,769,000,000Source | 2,471,000,000Source | 2,436,000,000Source |
| Dividends Payable, CurrentUSD | — | — | 337,000,000Source | 312,000,000Source | 370,000,000Source | 337,000,000Source | 370,000,000Source | 328,000,000Source | 355,000,000Source | 314,000,000Source | 289,000,000Source | 268,000,000Source |
| Gain (Loss) Related to Litigation SettlementUSD | — | — | -287,000,000Source | 0Source | -3,000,000Source | 0Source | 22,000,000Source | 0Source | 0Source | 0Source | -35,000,000Source | — |
| Income (Loss) from Equity Method InvestmentsUSD | — | — | 6,000,000Source | 3,000,000Source | 76,000,000Source | -8,000,000Source | 13,000,000Source | -1,000,000Source | 17,000,000Source | 19,000,000Source | 35,000,000Source | 36,000,000Source |
| Income Tax Expense (Benefit)USD | — | — | 8,000,000Source | 10,000,000Source | -60,000,000Source | -60,000,000Source | -47,000,000Source | -61,000,000Source | -245,000,000Source | -402,000,000Source | -146,000,000Source | -135,000,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 524,000,000Source | 682,000,000Source | 586,000,000Source | 444,000,000Source | 556,000,000Source | 483,000,000Source | 2,018,000,000Source | 1,936,000,000Source | 1,771,000,000Source | 1,736,000,000Source |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of TaxUSD | — | — | — | — | — | — | — | — | — | — | — | 5,000,000Source |
| Other Nonoperating Income (Expense)USD | — | — | 46,000,000Source | 39,000,000Source | 37,000,000Source | 68,000,000Source | 22,000,000Source | 7,000,000Source | 235,000,000Source | 143,000,000Source | 22,000,000Source | -13,000,000Source |
| Payments to Acquire InvestmentsUSD | — | — | — | — | — | — | 763,000,000Source | 241,000,000Source | 1,200,000,000Source | 998,000,000Source | 994,000,000Source | 1,332,000,000Source |
| Proceeds from Issuance of Common StockUSD | — | — | — | — | — | — | 1,000,000Source | 122,000,000Source | 3,349,000,000Source | 1,117,000,000Source | 270,000,000Source | 322,000,000Source |
| Proceeds from Issuance of Long-term DebtUSD | — | — | — | — | — | — | 3,259,000,000Source | 2,077,000,000Source | 5,763,000,000Source | 3,647,000,000Source | 2,630,000,000Source | 2,164,000,000Source |
| Public Utilities, Allowance for Funds Used During Construction, Capitalized Cost of EquityUSD | — | — | 79,000,000Source | 44,000,000Source | 105,000,000Source | 69,000,000Source | 92,000,000Source | 48,000,000Source | 281,000,000Source | 168,000,000Source | 91,000,000Source | 75,000,000Source |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement | — | — | — | —Source | — | — | — | — | — | — | — | — |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Income (Loss)USD | — | — | 749,000,000Source | 911,000,000Source | 706,000,000Source | 577,000,000Source | 754,000,000Source | 677,000,000Source | 2,583,000,000Source | 2,386,000,000Source | 2,481,000,000Source | 2,428,000,000Source |
| Other Nonoperating Income (Expense)USD | — | — | 46,000,000Source | 39,000,000Source | 37,000,000Source | 68,000,000Source | 22,000,000Source | 7,000,000Source | 235,000,000Source | 143,000,000Source | 22,000,000Source | -13,000,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | 532,000,000Source | 692,000,000Source | 526,000,000Source | 384,000,000Source | 509,000,000Source | 422,000,000Source | 1,773,000,000Source | 1,534,000,000Source | 1,625,000,000Source | 1,601,000,000Source |
| Income Tax Expense (Benefit)USD | — | — | 8,000,000Source | 10,000,000Source | -60,000,000Source | -60,000,000Source | -47,000,000Source | -61,000,000Source | -245,000,000Source | -402,000,000Source | -146,000,000Source | -135,000,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 524,000,000Source | 682,000,000Source | 586,000,000Source | 444,000,000Source | 556,000,000Source | 483,000,000Source | 2,018,000,000Source | 1,936,000,000Source | 1,771,000,000Source | 1,736,000,000Source |
| Earnings Per Share, BasicUSD per share | — | — | 0.88Source | 1.21Source | 0.94Source | 0.76Source | 0.89Source | 0.84Source | 3.44Source | 3.44Source | 3.21Source | 3.18Source |
| Earnings Per Share, DilutedUSD per share | — | — | 0.88Source | 1.21Source | 0.93Source | 0.75Source | 0.89Source | 0.84Source | 3.42Source | 3.44Source | 3.21Source | 3.17Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 592,000,000Source | 564,000,000Source | 625,000,000Source | 586,000,000Source | 624,000,000Source | 575,000,000Source | 587,000,000Source | 563,000,000Source | 552,000,000Source | 547,000,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 595,000,000Source | 565,000,000Source | 627,000,000Source | 588,000,000Source | 626,000,000Source | 577,000,000Source | 589,000,000Source | 563,000,000Source | 552,000,000Source | 547,000,000Source |
| Additional Financial Items | ||||||||||||
| Common Stock, Dividends, Per Share, DeclaredUSD per share | — | — | 0.57Source | 0.55Source | 0.59Source | 0.57Source | 0.59Source | 0.57Source | 2.28Source | 2.19Source | — | — |
| Costs and ExpensesUSD | — | — | 3,166,000,000Source | 2,733,000,000Source | 2,413,000,000Source | 2,710,000,000Source | 3,267,000,000Source | 3,229,000,000Source | 12,086,000,000Source | 11,055,000,000Source | 11,725,000,000Source | 12,882,000,000Source |
| Gain (Loss) Related to Litigation SettlementUSD | — | — | -287,000,000Source | 0Source | -3,000,000Source | 0Source | 22,000,000Source | 0Source | 0Source | 0Source | -35,000,000Source | — |
| Income (Loss) from Equity Method InvestmentsUSD | — | — | 6,000,000Source | 3,000,000Source | 76,000,000Source | -8,000,000Source | 13,000,000Source | -1,000,000Source | 17,000,000Source | 19,000,000Source | 35,000,000Source | 36,000,000Source |
| Interest ExpenseUSD | — | — | 384,000,000Source | 326,000,000Source | 443,000,000Source | 349,000,000Source | 412,000,000Source | 332,000,000Source | 1,468,000,000Source | 1,255,000,000Source | 1,055,000,000Source | 953,000,000Source |
| Other Cost of Operating RevenueUSD | — | — | 5,000,000Source | 3,000,000Source | 2,000,000Source | 1,000,000Source | 3,000,000Source | 2,000,000Source | 11,000,000Source | 14,000,000Source | 49,000,000Source | 44,000,000Source |
| Public Utilities, Allowance for Funds Used During Construction, Capitalized Cost of EquityUSD | — | — | 79,000,000Source | 44,000,000Source | 105,000,000Source | 69,000,000Source | 92,000,000Source | 48,000,000Source | 281,000,000Source | 168,000,000Source | 91,000,000Source | 75,000,000Source |
| Utilities Operating Expense, Maintenance, Operations, and Other Costs and ExpensesUSD | — | — | 692,000,000Source | 655,000,000Source | 691,000,000Source | 675,000,000Source | 675,000,000Source | 686,000,000Source | 2,732,000,000Source | 2,540,000,000Source | 2,444,000,000Source | 2,491,000,000Source |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement | — | — | — | —Source | — | — | — | — | — | — | — | — |
Offerings
Registration 333-293825
Filing attachments
d119444dex401.htm · 8-K · 2026-03-03
Exhibit 4.01 SUPPLEMENTAL INDENTURE NO. 2 FROM XCEL ENERGY INC. (a Minnesota corporation) TO U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION Trustee 5.75% FIXED-TO-FIXED RESET RATE JUNIOR SUBORDINATED NOTES, SERIES DUE 2056 DATED AS OF MARCH 3, 2026 SUPPLEMENTAL TO JUNIOR SUBORDINATED INDENTURE DATED AS OF OCTOBER 1, 2025 TABLE OF CONTENTS …
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