Stock research

Xcel Energy Inc. (XEL) Stock Research

Xcel Energy provides electricity and natural gas across the Midwest and Western US with growing renewables.

Xcel Energy Inc. reported net income of $2.0B for the fiscal year ended December 31, 2025. Source: SEC filing 0000072903-26-000063

SEC data as of

Ticker
XEL
Exchange
NASDAQ
Sector
Utilities
Founded
—
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About Xcel Energy

Exchange
NASDAQ: XEL
Sector
Utilities
SEC industry
Electric & Other Services Combined (SIC 4931)
Fiscal year end
December 31

XEL key financials

Reported figures from Xcel Energy Inc.'s filings, pulled directly from SEC XBRL data rather than a third-party terminal. Each row links to the filing it came from.

MetricValuePeriodSource
Net income$2.0B2025-01-01 – 2025-12-31SEC filing
Operating cash flow$4.1B2025-01-01 – 2025-12-31SEC filing
Diluted EPS$3.422025-01-01 – 2025-12-31SEC filing
Shares outstanding592MAs of 2025-10-28SEC filing

Values are as tagged by the issuer in XBRL. Revenue for banks and insurers is net of interest expense where that is the reported line. Fiscal years that do not follow the calendar are shown by their period-end date. No price, market cap, or valuation multiple is shown because Yield Theory does not republish unlicensed market data.

Diluted EPS is the earnings figure behind the price-to-earnings ratio; the P/E multiple compression calculator shows how a change in that multiple moves a share price. Shares outstanding multiplied by the share price gives market capitalization.

What investors should watch in XEL

Xcel Energy Inc. sits in Utilities. Regulated power and water — bond-like income proxies whose relevance is being reshaped by data-center and electrification demand. We have not yet written company-specific drivers for XEL; the forces that matter most for the sector are:

  • ◆Interest rates and dividend-yield competition
  • ◆Data-center and AI electricity demand
  • ◆Rate-case outcomes and regulation
  • ◆The grid buildout and energy transition

Key questions for the XEL thesis

Each question starts with what the filings show, then why it matters. None of these is a rating or a forecast.

Does XEL's reported profit turn into cash?

Operating cash flow was $4.1B, 2.02 times net income of $2.0B, for the fiscal year ended December 31, 2025.

Cash from operations exceeded reported earnings. Non-cash charges such as depreciation, amortization and stock-based compensation usually explain the gap; the cash-flow statement shows which.

Form 10-K filed February 25, 2026

Members-only research

What members are reading this month

The thesis, the numbers behind it, and what would break it. Full access is $39 a month.

Read the full research

Congressional trading in XEL

PoliticianTrade dateTypeOwnerAmountSource
Julie Johnson2025-12-18SaleJoint$1,001 - $15,000Filing #20033789
Julie Johnson2025-11-13SaleJoint$1,001 - $15,000Filing #20033611
Julie Johnson2025-09-25SaleJoint$1,001 - $15,000Filing #20032242
Julie Johnson2025-08-14SaleJoint$1,001 - $15,000Filing #20032066

All verified XEL congressional disclosures

Congressional disclosures are delayed, range-based records—not real-time signals or proof of motive. See the source-linked tracker for scope and limitations.

XEL — frequently asked questions

What does Xcel Energy Inc. do?

Xcel Energy provides electricity and natural gas across the Midwest and Western US with growing renewables.

What were XEL's latest reported annual revenue and net income?

Xcel Energy Inc. reported net income of $2.0B for the fiscal year ended December 31, 2025. The figures come from Xcel Energy Inc.'s SEC XBRL filings.

When does Xcel Energy Inc.'s fiscal year end?

The SEC lists Xcel Energy Inc.'s fiscal year end as December 31.

Do members of Congress trade XEL?

The current verified House and Senate snapshot contains 4 transaction rows for XEL, each linked to the original filing.

Is XEL a good investment?

This page does not rate XEL as a buy or sell. It sets out what Xcel Energy Inc. reports, what investors should watch and the questions a thesis has to answer, with links to the SEC filings. It is research, not investment advice.

This page is independent research and educational information, not investment advice or a recommendation to buy or sell any security. Company facts are compiled from public sources. Do your own research.

What do the XEL numbers leave unanswered?

Financials describe the business. The next question is which assumptions an investment thesis depends on. Explore the member reports below for analysis of catalysts, risks, and what would change the view. $39/month or $249/year.

$39/mo or $249/yr · cancel future renewals anytime · sources included