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Xcel Energy Inc.

Xcel Energy Inc.

NASDAQ•XEL
CEO: Mr. Robert C. Frenzel
Sector: Utilities
Industry: Regulated Electric
Listing Date: 2001-03-13
Xcel Energy Inc., through its subsidiaries, engages in the generation, purchasing, transmission, distribution, and sale of electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through wind, nuclear, hydroelectric, biomass, and solar energy sources, as well as coal, natural gas, oil, wood, and refuse-derived fuels. It also purchases, transports, distributes, and sells natural gas to retail customers, as well as transports customer-owned natural gas. In addition, the company develops and leases natural gas pipelines, and storage and compression facilities; and invests in rental housing projects and nonregulated assets, as well as procures equipment for the construction of renewable generation facilities. It serves residential, commercial, and industrial customers in the portions of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas, and Wisconsin. The company was incorporated in 1909 and is headquartered in Minneapolis, Minnesota.
Contact Information
414 Nicollet Mall, Minneapolis, MN, 55401, United States
612-330-5500
mn.my.xcelenergy.com/s
Market Cap
$44.01B
P/E (TTM)
30.9
18.3
Dividend Yield
3.0%
52W High
$83.01
52W Low
$62.58
52W Range
58%
Rank39Top 29.7%
4.6
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.6 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$3.92B+7.44%
4-Quarter Trend

EPS

$0.90-25.62%
4-Quarter Trend

FCF

-$1.29B+2971.43%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Revenue Rises Significantly Total operating revenues reached $11.11B for nine months 2025, increasing from $10.32B in 2024, driven by regulated utility sales growth.
Underlying EPS Improves Ongoing diluted EPS was $2.84 for nine months 2025, showing growth versus $2.69 reported in the prior year period, excluding non-recurring items.
Capital Spending Accelerates Cash used in investing activities totaled $7.49B for nine months 2025, reflecting increased system investment in renewable and transmission projects.
Financing Activity Strong Net cash provided by financing activities increased $1.86B to $4.49B, largely related to additional debt issuance to fund capital investment plans.

Risk Factors

Marshall Fire Litigation Costs PSCo recognized a non-recurring $287M charge in Q3 2025 related to Marshall Wildfire litigation settlements, impacting GAAP earnings results.
Supply Chain Constraints Impact Large global demand strains equipment supply chains, extending delivery dates and increasing costs for critical infrastructure components like turbines.
Regulatory Uncertainty Remains Ongoing proceedings, like the NSP-Minnesota electric rate case, present uncertainty regarding final rate treatment and allowed returns on equity.
Commodity Trading Risk Exposure A 10% price move in commodity trading contracts would impact pretax income by approximately $2M for continuing operations as of Sept 30, 2025.

Outlook

2025 Ongoing EPS Guidance 2025 ongoing earnings guidance set at $3.75 to $3.85 per share, assuming constructive regulatory outcomes and normal weather patterns.
2026 Earnings Growth Projected 2026 ongoing EPS guidance projects $4.04 to $4.16 per share, anticipating capital rider revenue increases of $550M to $560M.
Long-Term EPS Growth Target Target long-term annual EPS growth of 6% to 8+% based on $3.80 per share midpoint of 2025 ongoing earnings guidance.
Capital Funding Strategy Future capital expenditures through 2030 are planned to be funded approximately 40% equity and 60% debt, totaling $60B.

Peer Comparison

Revenue (TTM)

PG&E CorporationPCG
$24.76B
-0.3%
Exelon CorporationEXC
$24.32B
+6.1%
American Electric Power Company, Inc.AEP
$21.44B
+7.7%

Gross Margin (Latest Quarter)

DTE Energy CompanyDTE
83.5%
+46.5pp
Consolidated Edison, Inc.ED
79.1%
+13.0pp
WEC Energy Group, Inc.WEC
71.1%
+29.5pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
AEP$61.91B16.912.8%43.4%
D$50.55B21.68.3%0.0%
EXC$44.02B15.610.2%43.6%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
7.9%
Steady Growth
4Q Net Income CAGR
4.1%
Profitability Slowly Improving
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Feb 5, 2026
|
EPS:$0.97
|
Revenue:-
Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Oct 30, 2025|
    Revenue: $3.92B+7.4%
    |
    EPS: $0.90-25.6%
    Miss

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Jul 31, 2025|
    Revenue: $3.29B+8.6%
    |
    EPS: $0.76+40.7%
    Beat

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: Apr 24, 2025|
    Revenue: $3.91B+7.0%
    |
    EPS: $0.84-4.5%
    Miss

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 27, 2025|
    Revenue: $13.44B-5.4%
    |
    EPS: $3.44+7.2%
    Miss

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Oct 31, 2024|
    Revenue: $3.64B-0.5%
    |
    EPS: $1.21+1.7%
    Miss

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 1, 2024|
    Revenue: $3.03B+0.2%
    |
    EPS: $0.54+3.8%
    Miss

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: Apr 25, 2024|
    Revenue: $3.65B-10.6%
    |
    EPS: $0.88+15.8%
    Meet

  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 21, 2024|
    Revenue: $14.21B-7.2%
    |
    EPS: $3.21+1.3%
    Miss