Xcel Energy

What the company does

Xcel Energy is in the Multi-Utilities industry, part of the utilities sector. The SEC files it under Electric & Other Services Combined.

Xcel Energy reports 2 segments: Regulated Electric and Regulated Natural Gas.

Its fiscal year ends in December; the latest, FY2025, ended Dec 31, 2025.

Source: 10-K, Item 1 Business

Risks common in this industry

These are general risks for companies in the Multi-Utilities industry. They are not a summary of Xcel Energy’s own risk factors; for those, read Item 1A of its latest 10-K, linked below.

1. Rates and regulatorsRegulators set much of what it can charge, so decisions can limit earnings.
2. Capital spendingBuilding and upgrading networks needs large investment financed with debt.
3. Weather and operationsStorms, wildfires and outages can cause costs and liability.
4. Fuel and power costsFuel and purchased-power costs can change faster than rates.
5. Interest ratesHigher borrowing costs raise the cost of funding projects.

Source: 10-K, Item 1A Risk Factors (the company's own list, in the company's words)

Three years of key numbers

Every number links to its filing; hover for the XBRL tag. A dash means the number isn't cleanly available, and we don't estimate it.

• Revenue: Total revenue for the fiscal year, as the company reports it on its income statement.
• Net income: Net income attributable to the company's shareholders, after all costs, interest and taxes.
• Operating cash flow: Cash the business brought in from its day-to-day operations during the year (cash flow statement).
• Cash & equivalents: Cash and short-term investments that count as cash equivalents on the balance sheet. Excludes longer-dated marketable securities.
• Total debt: Short-term borrowings plus long-term debt, at carrying value, including the part of long-term debt due within one year.
• Diluted shares: Weighted average shares outstanding for the year, including the effect of options and stock awards.

Learn more: How to read an income statement · Earnings per share, basic and diluted · Free cash flow · How to read a balance sheet · Growth rate calculator · P/E calculator · Market cap calculator · Free cash flow calculator · Return on equity and assets calculator

Recent filings

Learn more: 10-K vs. 10-Q vs. 8-K · Form 4 insider filings · Fiscal years and quarters

Tracked funds that report owning Xcel Energy

• GQG Partners: 11,104,441 shares, reported value $891.7M at Jun 30, 2026 (−0.8% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 12, 2026.
• Point72 Asset Management: 1,400,937 shares, reported value $112.5M at Jun 30, 2026 (+37.0% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
• Millennium Management: 1,093,607 shares, reported value $87.8M at Jun 30, 2026 (−18.9% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
• Citadel Advisors: 710,776 shares, reported value $57.1M at Jun 30, 2026 (+1.4% in shares since the filing for Mar 31, 2026). Form 13F filed Sep 2, 2026.
• Soros Fund Management: 533,324 shares, reported value $42.8M at Jun 30, 2026 (+4.9% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
• Renaissance Technologies: 203,074 shares, reported value $16.3M at Jun 30, 2026 (−62.6% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 13, 2026.
• Bridgewater Associates: 144,263 shares, reported value $11.6M at Jun 30, 2026 (new in this filing). Form 13F filed Aug 14, 2026.
• Two Sigma Investments: 79,583 shares, reported value $6.4M at Jun 30, 2026 (−88.2% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.

From each fund’s latest Form 13F, which is filed up to 45 days after quarter end and lists long positions in US-listed stocks only. A listing here is a fact about a filing, not a view on the stock. What a 13F does and doesn’t show.