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Saturday 17 October 2026 Export XEL’s income statement to Excel — free account

Xcel Energy Inc.

XEL Utilities Utilities Regulated Electric

Xcel Energy Inc.’s revenue for fiscal 2025 (year ended December 2025) was $14.7 billion, up 9.14% from fiscal 2024. In the quarter to June 2026, revenue fell 5.11%, EPS grew 23.7%, free cash flow fell 37.3% and total debt rose 22.7%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; dividend growth for ten consecutive years.

76.36 1.24 +1.65%
Market cap
$46.9B
P/E
20.8×
Fwd P/E
19.2×
Dividend yield
3.07%
F-score
5/9
Altman Z
0.86
Beneish M
−2.50
Dividend safety
38/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Xcel Energy Inc. (XEL) Debt to equity

Alert me on Debt to equity

Xcel Energy Inc.'s debt to equity at the end of the quarter to 30 June 2026 was 1.6×, up 0.2× from fiscal 2025 (1.4×). Over the past ten years it has ranged from 1.3× (fiscal 2015) to 1.5× (fiscal 2021); the current reading is higher than 64% of that period. That is above the Utilities Regulated Electric industry median of 1.5× and above the Utilities sector median of 1.2×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 1.4× (3.76%)
FY2024 1.5× 0.08%
FY2023 1.5× 0.28%
FY2022 1.5× (0.80%)
FY2021 1.5× 5.72%
FY2020 1.4× 0.28%
FY2019 1.4× 0.12%
FY2018 1.4× 2.36%
FY2017 1.4× 2.36%
FY2016 1.3× 2.69%

Quarterly newest first

Period Debt to equity Change
Jun 2026 1.6× 5.43%
Mar 2026 1.6× 8.39%
Dec 2025 1.4× (8.89%)
Sep 2025 1.6× 2.63%
42 more quarters

Against its own ten years

Low 1.3× High 1.5×
Ten-year median 1.4×
Current reading's percentile 64

Debt to equity against peers

Company Debt to equity
ED Consolidated Edison Inc compare 1.1×
PEG Public Service Enterprise Group Incorporated compare 1.4×
AEE Ameren Corporation compare 1.5×
WEC WEC Energy Group, Inc. compare 1.6×
AEP American Electric Power Company, Inc. compare 1.6×
D Dominion Energy Inc. compare 1.6×
XEL Xcel Energy Inc. 1.6×
EXC Exelon Corporation compare 1.7×
ETR Entergy Corporation compare 1.8×
Utilities Regulated Electric industry median 1.5×
Utilities sector median 1.2×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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