— Know what they know.
/
Not Investment Advice

XEL

NASDAQ · USD
Xcel Energy Inc.
Utilities · Regulated Electric
CEO Robert C. Frenzel Employees 11,534 R&D / revenue 0.0%
Last price
$76.31+1.58%last session
Market cap
$47.7B
P/E (TTM)
20.8x
From 52w high
−9.4%
From 52w low
+11.0%
1-year return
−5.9%
RSI 14 · vs SMA200
65.9 · −2.2%
IS score
24.9/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

XEL   SPY   XLU (sector ETF) · weekly closes
90100110120Jan 26Apr 26Jul 26Oct 26SPY 116XEL 94XLU 92

Score DNA

Each bar is a 0-100 score within the scored universe
55
Profitability
48
Growth
54
Value
47
Momentum
15
Risk (safety)
42
Quality
28
Balance sheet
56
Earnings quality

Flags

Strengths
None of the computed strength flags fires.
Warnings
▲ Altman distress zone▲ Negative free cash flow▲ Share count rising
Observations
Moat model: None, Cost AdvantagePiotroski 3 / 9Altman Z 0.9Beta 0.402 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
0
No open-market sales on file
No Form 144 notices in 12 months
CONGSTOCK Act · 180 days
Congressional purchases
0
No disclosed purchases
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
+23
114 new holders, 78 closed
1,293 filers hold 96.2% · 555 added, 391 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+318
1,049 funds adding shares
731 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
59.4%
20-day avg 51.2%, 50-day avg 52.2%
Latest 8.2 pp over its 20-day average · a flow, not short interest

Key financials · FY2025

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$14.7B
Revenue growth YoY+9.1%
Gross margin24.3%
Operating income$2.9B
Operating margin19.6%
Net income$2.0B
Net margin13.8%
EPS (diluted)$3.42
Cash flow
Operating cash flow$4.1B
Capital expenditure$1.2B
Free cash flow$5.3B
FCF conversion (FCF / OCF)128.7%
Stock-based compensation$0
FCF less SBC$5.3B
Buybacks$0
Dividends$0
Balance sheet & returns
Cash & short-term investments$274.0M
Total debt$33.9B
Net debt$33.6B
Shareholders' equity$23.6B
Goodwill & intangibles$0
Debt / equity1.68
ROE (TTM)9.6%
ROIC (TTM)3.7%
Operating margin by fiscal year
16.4%FY202115.9%FY202217.5%FY202317.8%FY202419.6%FY2025
Revenue $13.4B (FY2021) to $14.7B (FY2025), a 2.2% CAGR.

Valuation

P/E (TTM)20.8x
EV / EBITDA13.2x
Price / sales3.26x
Price / FCFn/m
FCF yield-16.14%
Buyback yield0.00%
SBC / revenue0.3%
Price / book1.98x
Forward P/E FY202618.5x
Forward P/E FY202716.8x
Forward P/E FY202815.2x
Forward multiples divide today's price by Street EPS estimates. Street mean target $87.78 across 9 analysts last quarter is theirs, not ours.

XEL vs industry median

139 companies in Regulated Electric
Gross margin 48.8% 39.0% Operating margin 21.0% 19.1% Net margin 15.3% 13.0% ROIC 3.7% 5.7%
XEL (TTM)Industry median Asset turnover 0.17 vs industry 0.24 · financial leverage 3.62

Earnings delivery

Next report 2026-10-29 · consensus EPS $1.37
42%
beat rate, 5 of 12 quarters
−0.5%
median EPS surprise
2
longest beat streak
-3+2+13-5-1-7-9+16-6-0+0+18
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-10-27 to 2026-07-30. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
XEL Xcel Energy Inc. $47.7B20.8x9.6%15.3%+9.1% −5.9%
ELC Entergy Louisiana, LLC COLLA $45.8B4.6x12.6%13.7%+9.5% −13.9%
ETR Entergy Corporation $50.2B26.5x10.5%13.8%+9.5% +10.2%
EXC Exelon Corporation $44.8B15.9x9.7%6.6%+6.6% −4.8%
ED Consolidated Edison, Inc. $41.4B18.3x9.0%7.6%+9.5% +12.0%
EXCVV Exelon Corporation $41.1B3.8x9.9%11.0%+5.3% —
D Dominion Energy, Inc. $55.9B22.0x9.1%7.5%+20.3% —
PEG Public Service Enterprise Gr $35.6B17.7x11.8%13.1%+12.7% —
12-month window: SPY +15.9%, sector ETF XLU −8.1%. Past returns describe history only.

Recent 8-K filings

No 8-K filings on file.

Context

Shares outstanding624,634,000
Free float99.8%
Institutional ownership96.2%
Beta0.40
Dividend yield3.08%
Last dividend$0.59 on 2026-09-15
50 / 200-day average$74.86 / $78.07
Large-cap Utilities median P/E20.7x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (None).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where XEL sits among 45 scored companies in Regulated Electric (0 = lowest value, 100 = highest). It is a position, not a grade.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureXELIndustry medianIndustry percentileSector median
P/E (TTM) 21.3x 19.6x
73rd		 20.7x
PEG (P/E ÷ 3-yr EPS CAGR) 5.00 1.94
90th		 2.20
Price / sales 3.3x 2.4x
77th		 2.4x
Price / book 2.0x 1.8x
61st		 1.9x
Price / tangible book 2.1x 2.0x
57th		 2.1x
Price / free cash flow —
Price / operating cash flow 69.3x 9.1x
100th		 9.2x
Enterprise value $86.0B $51.2B
75th		 $25.7B
EV / sales 5.9x 3.9x
86th		 4.5x
EV / EBITDA 13.4x 11.6x
80th		 11.9x
EV / EBIT 24.7x 19.5x
95th		 19.6x
EV / free cash flow —
Earnings yield 4.7% 5.1%
27th		 4.8%
FCF yield -7.9% -1.8%
20th		 -4.2%
Operating cash flow yield 1.4% 10.7%
2nd		 10.3%
Graham number (per share) $55.45 $56.02
48th		 $48.77

Profitability (TTM)

MeasureXELIndustry medianIndustry percentileSector median
Gross margin 48.8% 43.4%
57th		 43.4%
EBITDA margin 43.8% 40.2%
68th		 38.7%
Operating margin 21.0% 22.2%
41st		 20.9%
EBIT margin 23.8% 23.8%
50th		 23.2%
Net margin 15.3% 13.5%
66th		 12.4%
NOPAT margin 23.4% 19.3%
86th		 18.1%
FCF margin -25.6% -5.6%
7th		 -7.6%
Operating cash flow margin 4.7% 29.1%
5th		 28.3%
R&D / revenue 0.0% 0.0%
0th		 0.0%
SG&A / revenue 0.0% 3.8%
0th		 4.2%
Stock comp / revenue 0.0% 0.0%
71st		 0.0%
Effective tax rate -11.5% 13.7%
5th		 18.4%

Returns on capital

MeasureXELIndustry medianIndustry percentileSector median
ROE (on average equity) 9.9% 10.5%
41st		 9.5%
ROA 2.7% 2.7%
57th		 2.6%
ROIC 5.5% 5.5%
48th		 5.5%
ROCE 4.4% 5.3%
11th		 5.1%
Return on tangible assets 4.3% 4.9%
14th		 4.7%
Cash ROIC (OCF / invested capital) 1.1% 8.6%
2nd		 8.0%
Gross profitability (GP / assets) 4.3% 9.1%
2nd		 8.6%
ROIC, 3-yr average 5.0% 4.4%
82nd		 4.2%
ROIC, 5-yr average 4.5% 4.3%
58th		 4.2%
ROE, 5-yr average 10.0% 10.7%
37th		 9.1%
Incremental ROIC 11.0% 21.9%
18th		 20.6%

Growth

MeasureXELIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) 4.7% 8.0%
14th		 7.2%
Revenue growth (QoQ) -22.4% -16.9%
34th		 -16.9%
Revenue CAGR, 3 yr -1.4% 2.8%
5th		 3.0%
Revenue CAGR, 5 yr 2.8% 5.6%
10th		 6.3%
Gross profit CAGR, 3 yr -13.3% 8.0%
5th		 7.9%
Operating income CAGR, 3 yr 7.9% 10.5%
43rd		 9.4%
Net income growth (TTM YoY) 7.7% 8.5%
48th		 8.6%
Net income CAGR, 3 yr 8.8% 9.5%
45th		 8.8%
EPS growth (TTM YoY) -0.0% 2.3%
45th		 4.2%
EPS CAGR, 3 yr 4.3% 6.6%
39th		 6.6%
EPS CAGR, 5 yr 4.2% 4.1%
52nd		 4.0%
FCF growth (TTM YoY) —
FCF CAGR, 3 yr —
Operating cash flow CAGR, 3 yr -46.1% 17.7%
2nd		 12.7%
Book value CAGR, 3 yr 7.8% 4.8%
80th		 4.7%
Dividend CAGR, 3 yr -60.9% 0.3%
5th		 0.3%
Sustainable growth rate 9.6% 3.8%
91st		 3.7%

Margin history & stability

MeasureXELIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 39.2% 44.0%
34th		 42.6%
Operating margin, 3-yr average 19.3% 21.9%
36th		 20.0%
Net margin, 3-yr average 14.5% 13.0%
61st		 12.5%
FCF margin, 3-yr average -14.6% -4.3%
23rd		 -7.9%
Revenue stability (0-1) 0.28 0.75
14th		 0.75
Earnings stability (0-1) 0.97 0.43
100th		 0.51
Margin stability (0-1) 0.79 0.83
36th		 0.84

Liquidity (latest quarter)

MeasureXELIndustry medianIndustry percentileSector median
Cash & short-term investments $2.0B $241.0M
84th		 $215.5M
Net cash (− = net debt) −$38.3B −$24.6B
27th		 −$12.1B
Working capital −$2.6B −$794.4M
27th		 −$284.5M
Current ratio 0.70 0.80
27th		 0.82
Quick ratio 0.62 0.66
43rd		 0.69
Cash ratio (cash + ST investments / current liabilities) 0.23 0.07
86th		 0.08
Defensive interval (days) 2,071 days 286 days
95th		 314 days

Leverage & solvency (latest quarter)

MeasureXELIndustry medianIndustry percentileSector median
Total debt $40.3B $25.1B
73rd		 $12.5B
Debt / equity 1.68 1.68
48th		 1.61
Net debt / equity 1.59 1.67
34th		 1.60
Debt / assets 46.3% 44.6%
59th		 43.4%
Debt / capital 62.6% 62.7%
48th		 61.8%
Debt / EBITDA 6.31 5.59
84th		 5.59
Net debt / EBITDA 5.99 5.54
68th		 5.53
Interest coverage (EBIT / interest) 2.4x 2.4x
41st		 2.4x
Cash interest coverage 0.5x 3.1x
2nd		 3.0x
Debt payback (years of OCF) 58.6 yrs 7.5 yrs
100th		 7.5 yrs
Liabilities / assets 72.4% 73.0%
43rd		 70.8%
IS credit model rating B- — —
Implied credit spread (bps) 900 750
75th		 750

Efficiency

MeasureXELIndustry medianIndustry percentileSector median
Asset turnover 0.18 0.21
20th		 0.20
Fixed asset turnover 0.20 0.27
5th		 0.27
Inventory turnover 15.3 6.7
80th		 8.7
Receivables turnover 9.1 8.7
55th		 8.4
Days sales outstanding 40 days 41 days
47th		 43 days
Days inventory outstanding 24 days 54 days
21st		 42 days
Days payables outstanding 74 days 77 days
47th		 75 days
Cash conversion cycle (days) −11 days 15 days
21st		 14 days
Capex / revenue 30.3% 33.3%
40th		 35.1%
Capex / depreciation 1.52 2.35
33rd		 2.40
Operating expense ratio 30.3% 30.3%
50th		 30.7%

Cash flow & earnings quality

MeasureXELIndustry medianIndustry percentileSector median
Operating cash flow / net income 0.31 2.19
2nd		 2.20
FCF / net income −1.68 −0.32
20th		 −0.74
FCF / operating cash flow -544.5% -20.3%
0th		 -33.3%
Capex / operating cash flow 644.5% 120.3%
100th		 133.3%
Accruals ratio 1.9% -3.3%
98th		 -3.2%
Sloan accruals ratio -6.5% -3.7%
9th		 -3.7%
Earnings quality score (0-1) 0.25 1.00
0th		 1.00

Dividends & buybacks

MeasureXELIndustry medianIndustry percentileSector median
Dividend yield 3.1% 3.3%
27th		 3.3%
Dividend per share (TTM) $2.35 $2.56
45th		 $1.87
Payout ratio (dividends / net income) 3.7% 65.4%
7th		 63.9%
Dividends / FCF —
Dividend growth (YoY) -93.7% 3.9%
7th		 3.9%
Buyback yield 0.0% 0.0%
0th		 0.0%
Shareholder yield (dividends + buybacks) 0.2% 3.3%
2nd		 3.3%
Share count change (YoY) 7.7% 2.2%
98th		 2.5%
Buybacks, last 5 years $0 $0
0th		 $0

Scores & forensic checks

MeasureXELIndustry medianIndustry percentileSector median
IS score 25 42
2nd		 40
IS profitability 55 50
68th		 44
IS growth 48 49
43rd		 50
IS value 54 58
30th		 56
IS momentum 47 77
2nd		 78
IS risk (safety) 15 15
0th		 15
IS quality 42 66
2nd		 64
IS balance sheet 28 25
68th		 28
IS earnings quality 56 79
5th		 79
IS cash flow 15 35
2nd		 35
Piotroski F-score (0-9) 3 6
0th		 6
Altman Z-score 0.9 0.8
52nd		 0.9
Beneish M-score −2.35 −2.60
81st		 −2.64
Ohlson O-score −7.16 −7.06
45th		 −7.04
IS credit score 22 27
11th		 29

Per share

MeasureXELIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $3.56 $3.90
43rd		 $3.13
Book value per share $38.37 $34.68
55th		 $32.52
Tangible book per share $38.49 $34.58
64th		 $32.45
Revenue per share $23.31 $27.50
27th		 $24.86
FCF per share −$5.97 −$1.01
23rd		 −$1.64
Operating cash flow per share $1.10 $8.38
7th		 $7.00
Cash per share $3.21 $0.80
84th		 $0.83

Size (TTM)

MeasureXELIndustry medianIndustry percentileSector median
Market cap $47.7B $21.5B
84th		 $8.5B
Revenue $14.6B $12.5B
59th		 $5.4B
EBITDA $6.4B $4.3B
70th		 $2.7B
Net income $2.2B $1.3B
73rd		 $559.7M
Free cash flow −$3.7B −$189.0M
5th		 −$190.6M
Total assets $87.2B $56.2B
73rd		 $34.0B
Shareholders' equity $24.1B $12.5B
73rd		 $5.1B
Employees 11,534 9,950
59th		 5,870

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-09-28Carter Peter W
Director
 Award / grant 404——2,222
2026-09-28Burkhart Megan D
Director
 Award / grant 688——24,703
2026-09-28Kampling Patricia L
Director
 Award / grant 774——26,011
2026-09-28Pardee Charles G
Director
 Award / grant 666——34,643
2026-09-28Welsh Timothy A
Director
 Award / grant 580——18,195
2026-09-28Casey Lynn
Director
 Award / grant 580——44,520
2026-07-29Carter Peter W
Director
 Award / grant 1,819——1,819
2026-06-28Kampling Patricia L
Director
 Award / grant 608——25,158
2026-06-28Casey Lynn
Director
 Award / grant 493——43,616
2026-06-28Welsh Timothy A
Director
 Award / grant 468——17,487
2026-06-28Pardee Charles G
Director
 Award / grant 541——33,852
2026-06-28Burkhart Megan D
Director
 Award / grant 584——23,841

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
MarMayJunJulSep

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired2128,489—
—Disposed10—
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

FiledFilerShares proposedEst. proceeds
None on file.
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 6 trades (0 purchases) · Senate 0 (0 purchases)
TradedMemberChamberTypeAmountDisclosed
2025-12-18Julie JohnsonHouseSale$1,001 - $15,0002026-01-16
2025-12-18Julie JohnsonHouseSale (Full)$1,001 - $15,0002026-01-16
2025-12-17Julie JohnsonHouseSale (Full)$1,001 - $15,0002026-01-16
2025-11-13Julie JohnsonHouseSale$1,001 - $15,0002025-12-12
2022-01-21Tommy TubervilleSenateSale (Full)$15,001 - $50,0002022-02-14
2022-01-21Tommy TubervilleSenateSale (Full)$15,001 - $50,0002022-02-13
2022-01-21Thomas Hawley TubervilleSenateSale (Full)$15,001 - $50,0002022-02-13
2017-02-22Pat ToomeySenatePurchase$15,001 - $50,0002017-03-03
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
BlackRock, Inc.60,898,333$4.9B9.75%
VANGUARD CAPITAL MANAGEMENT LLC40,769,716$3.3B6.53%
STATE STREET CORP38,896,012$3.1B6.23%
VANGUARD PORTFOLIO MANAGEMENT LLC35,610,992$2.9B5.70%
BANK OF AMERICA CORP /DE/29,933,748$2.4B4.79%
Capital Research Global Investors29,301,965$2.4B4.69%
Invesco Ltd.21,381,193$1.7B3.42%
GEODE CAPITAL MANAGEMENT, LLC18,042,089$1.4B2.89%
JPMORGAN CHASE & CO17,983,745$1.5B2.88%
MASSACHUSETTS FINANCIAL SERVICES CO /MA/16,269,553$1.3B2.60%
FMR LLC11,152,597$895.6M1.79%
GQG Partners LLC11,104,441$891.7M1.78%
GOLDMAN SACHS GROUP INC10,997,965$883.1M1.76%
Aristotle Capital Management, LLC10,459,005$839.9M1.67%
Pictet Asset Management Holding SA9,038,572$725.8M1.45%

Institutional ownership by quarter

2023-092026-0696.2%
% of shares held by 13F filers
2023-092026-061,293
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-301,29396.2%11455539178
2026-03-311,27090.2%13147644688
2025-12-311,25089.2%17749936979
2025-09-301,18086.3%14848232478
2025-06-301,13082.0%115457358101
2025-03-311,13178.6%12842035787
2024-12-311,11077.7%17244630368
2024-09-301,02672.8%14238333773
2024-06-3096869.6%8538733181
2024-03-3197969.3%113330375135
2023-12-311,01269.4%17336232265
2023-09-3091868.8%91359299110

Schedule 13D / 13G filers

FiledFormFiler% of classShares
None on file.
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX0.06%$1.4B
VTSAX0.06%$1.4B
VSMPX0.06%$1.4B
VTI0.06%$1.4B
VFINX0.07%$1.2B
VFIAX0.07%$1.2B

Share structure

Shares outstanding624,634,000
Float623,347,559
Free float99.8%

Income statement

Fiscal years, USD
FY2021FY2022FY2023FY2024FY2025
Revenue$13.4B$15.3B$14.2B$13.4B$14.7B
Cost of revenue$8.2B$9.4B$8.2B$7.3B$11.1B
Gross profit$5.3B$5.9B$6.0B$6.1B$3.6B
R&D$0$0$0$0$0
SG&A$0$0$0$0$0
Operating income$2.2B$2.4B$2.5B$2.4B$2.9B
EBITDA$4.6B$5.1B$5.2B$5.6B$6.1B
Pretax income$1.5B$1.6B$1.6B$1.5B$1.8B
Income tax−$70.0M−$135.0M−$146.0M−$402.0M−$245.0M
Net income$1.6B$1.7B$1.8B$1.9B$2.0B
EPS, diluted$2.96$3.17$3.21$3.44$3.42
Diluted shares540.0M547.0M552.0M563.0M589.0M

Balance sheet

FY2021FY2022FY2023FY2024FY2025
Cash & short-term investments$166.0M$111.0M$129.0M$179.0M$274.0M
Receivables$1.9B$2.5B$2.2B$2.1B$2.2B
Inventory$631.0M$803.0M$711.0M$666.0M$761.0M
Total current assets$4.2B$5.1B$4.1B$4.3B$5.0B
PP&E, net$46.7B$49.5B$52.9B$58.3B$67.9B
Goodwill & intangibles$0$0$0$0$0
Total assets$57.9B$61.2B$64.1B$70.0B$81.4B
Accounts payable$1.4B$1.8B$1.7B$1.8B$2.3B
Total current liabilities$5.0B$6.1B$5.7B$6.5B$7.1B
Long-term debt$21.8B$22.8B$24.9B$27.3B$31.8B
Total liabilities$42.2B$44.5B$46.5B$50.5B$57.8B
Shareholders' equity$15.6B$16.7B$17.6B$19.5B$23.6B

Cash flow statement

Outflows are negative
FY2021FY2022FY2023FY2024FY2025
Net income$1.6B$1.7B$1.8B$1.9B$235.0M
Depreciation & amortization$2.3B$2.6B$2.6B$2.9B$3.0B
Stock-based compensation$31.0M$20.0M$25.0M$33.0M$0
Change in working capital−$1.4B−$115.0M$1.2B−$172.0M$0
Operating cash flow$2.2B$3.9B$5.3B$4.6B$4.1B
Capital expenditure−$4.2B−$4.6B−$5.9B−$7.4B$1.2B
Free cash flow−$2.1B−$706.0M−$527.0M−$2.7B$5.3B
Investing cash flow−$4.3B−$4.7B−$5.9B−$7.4B−$11.0B
Net debt issued / repaid$2.7B$1.4B$1.5B$2.9B$0
Buybacks$0$0$0$0$0
Dividends paid−$935.0M−$1.0B−$1.1B−$1.2B$0

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2021FY2022FY2023FY2024FY2025
Gross margin39.1%38.3%42.1%45.7%24.3%
Operating margin16.4%15.9%17.5%17.8%19.6%
Net margin11.9%11.3%12.5%14.4%13.8%
FCF margin-15.3%-4.6%-3.7%-20.3%0.0%
ROE10.6%10.8%10.3%10.4%9.4%
ROIC5.7%6.2%6.0%6.1%5.6%
ROA2.9%2.9%2.8%2.9%2.7%
Debt / equity1.581.561.561.551.47
Interest coverage2.8x2.7x2.6x2.3x2.3x
Current ratio0.840.850.720.670.71
Revenue growth+16.5%+14.0%−7.2%−5.4%+9.1%
EPS growth+6.4%+7.3%+1.1%+5.1%+0.6%
P/E at year end20.3x20.1x18.2x19.4x21.9x
EV / EBITDA at year end12.5x12.1x11.4x12.1x13.0x
FCF yield at year end-6.34%-2.02%-1.64%-7.23%0.00%
Dividend payout58.5%58.3%61.7%60.7%0.0%

Revenue by segment

FY2021FY2022FY2023FY2024FY2025
Regulated Electric$11.2B$12.1B$11.4B$22.3B$24.3B
Electric———$11.1B$12.2B
Regulated Natural Gas$2.1B$3.1B$2.6B$4.5B$4.9B
Natural Gas———$2.2B$2.5B
Other Segments$94.0M$107.0M$115.0M——
Other———$64.0M$57.0M

Street estimates by fiscal year

Next report 2026-10-29 · consensus EPS $1.37 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$15.6B$15.2B – $16.0B$4.13$4.10 – $4.191018.5x
2027$17.2B$16.7B – $17.6B$4.55$4.45 – $4.651216.8x
2028$18.6B$17.6B – $19.6B$5.04$4.81 – $5.18615.2x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-07-30$0.79$0.93+17.7%$3.5B$3.1B−12.0%
2026-04-30$0.91$0.91+0.3%$4.2B$4.0B−4.5%
2026-02-05$0.96$0.96−0.2%$3.6B$3.6B−1.8%
2025-10-30$1.32$1.24−6.1%$3.9B$3.9B+0.6%
2025-07-31$0.65$0.75+16.3%$3.2B$3.3B+2.4%
2025-04-24$0.92$0.84−8.8%$3.9B$3.9B−0.7%
2025-02-06$0.88$0.81−7.4%$3.8B$3.1B−17.3%
2024-10-31$1.26$1.25−0.8%$3.9B$3.6B−7.2%
2024-08-01$0.57$0.54−5.3%$3.3B$3.0B−7.9%
2024-04-25$0.78$0.88+12.8%$4.1B$3.6B−11.5%
2024-01-25$0.85$0.87+2.4%$4.0B$3.4B−14.1%
2023-10-27$1.27$1.23−3.1%$4.0B$3.7B−8.4%
2023-07-27$0.57$0.52−8.8%$3.4B$3.0B−10.7%
2023-04-27$0.74$0.76+2.7%$3.8B$4.1B+8.4%
2023-01-26$0.68$0.69+1.5%$3.1B$4.1B+32.8%
2022-10-27$1.22$1.18−3.3%$3.8B$4.1B+6.3%
2022-07-28$0.60$0.600.0%$3.1B$3.4B+10.5%
2022-04-28$0.68$0.70+2.9%$3.4B$3.8B+9.7%
2022-01-27$0.58$0.580.0%$3.4B$3.4B−2.7%
2021-10-28$1.18$1.13−4.2%$3.5B$3.5B+0.3%
2021-07-29$0.56$0.58+3.6%$2.7B$3.1B+13.9%
2021-04-29$0.61$0.67+9.8%$3.2B$3.5B+10.9%
2021-01-28$0.54$0.540.0%$3.0B$2.9B−1.8%
2020-10-29$1.06$1.14+7.5%$3.0B$3.2B+7.5%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
0.406-150.406-220.406-290.407-060.507-130.307-200.507-270.508-030.308-100.508-170.408-240.408-31
Week ofNotionalSharesTrades
2026-08-31$414.2M5,472,145111,560
2026-08-24$442.4M5,739,459109,074
2026-08-17$511.2M6,486,805118,495
2026-08-10$308.6M3,950,78579,737
2026-08-03$451.2M5,832,169102,571
2026-07-27$514.8M6,481,867124,533

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1559.4%
DateShort shareShort volumeTotal volume
2026-10-1559.4%1,087,6301,832,071
2026-10-1453.5%717,8111,341,405
2026-10-1334.3%338,211984,804
2026-10-1238.5%581,0971,510,309
2026-10-0943.4%748,2761,723,988
2026-10-0846.3%662,3171,430,298
2026-10-0759.0%830,1021,406,458
2026-10-0651.2%1,486,3412,903,828
2026-10-0555.8%685,9761,229,271
2026-10-0259.8%735,0781,229,459
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
+0.8Jan-1.0Feb+3.8Mar+2.0Apr-0.6May-0.4Jun+2.7Jul-0.0Aug+0.3Sep+2.1Oct+1.8Nov+1.0Dec
MonthAvg returnUp yearsYears
Jan+0.8%50%20
Feb−1.0%45%20
Mar+3.8%81%21
Apr+2.0%80%20
May−0.6%55%20
Jun−0.4%45%20
Jul+2.7%70%20
Aug−0.0%60%20
Sep+0.3%55%20
Oct+2.1%75%20
Nov+1.8%60%20
Dec+1.0%65%20
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1465.9
MFI89.0
ADX27.1
Stochastic %K / %D92.4 / 94.4
Williams %R-3.0
CCI154
TSI / signal6.7 / -12.5
Chaikin money flow0.23
ATR$1.27
Bollinger width11.2%
Volume vs 20-day avg1.14x
SupertrendUp

Moving averages and bands

level (price vs level)
SMA 20$72.29 (+5.6%)
SMA 50$74.74 (+2.1%)
SMA 200$77.99 (−2.2%)
EMA 21$73.55 (+3.8%)
EMA 50$74.54 (+2.4%)
EMA 200$76.58 (−0.4%)
Bollinger upper$76.33 (−0.0%)
Bollinger lower$68.25 (+11.8%)
Parabolic SAR$73.65 (+3.6%)
Open the live chart, 110+ indicators

About Xcel Energy Inc.

Xcel Energy Inc., through its various operating units, functions as a multifaceted energy company involved in the complete cycle of electricity – from its production and procurement to its transmission, delivery, and eventual sale. Its business is organized into three main divisions: Regulated Electric Utility, Regulated Natural Gas Utility, and a final "All Other" segment. The company employs a diverse range of energy sources for electricity generation, including traditional options like coal, nuclear power, natural gas, and oil, as well as a strong focus on renewables such as hydroelectric, solar, biomass, wood/refuse, and wind. In addition to its electric services, Xcel Energy is active in the natural gas sector, managing the acquisition, pipeline transport, distribution, and retail sales of natural gas. It also offers transportation services for natural gas owned by its customers. The firm's operations also encompass the creation and leasing of critical natural gas infrastructure, including pipelines, storage depots, and compression facilities. Furthermore, Xcel Energy diversifies its investments into rental housing ventures and is responsible for sourcing necessary equipment for the construction of new renewable power facilities. Serving a broad customer base that includes residential households, commercial enterprises, and industrial clients, the company's service area covers specific geographic regions in Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas, and Wisconsin. Xcel Energy provides electricity to approximately 3.7 million customers and supplies natural gas to around 2.1 million consumers. The company, founded in 1909, maintains its headquarters in Minneapolis, Minnesota.

https://my.xcelenergy.com/s

Key executives

NameTitlePayBorn
Robert C. FrenzelPresident, Chief Executive Officer & Chairman$4.6M1971
Brian J. Van AbelExecutive Vice President & Chief Financial Officer$1.9M1982
Amanda J. RomeExecutive Vice President, Group President of Utilities & Chief Customer Officer$1.8M1981
Patricia CorreaSenior VP of Human Resources & Employee Services and Chief Human Resources Officer$1.4M1974
Ryan LongExecutive Vice President, Chief Legal & Compliance Officer & General Counsel$1.2M1985
Michael LambExecutive VP & Chief Delivery Officer$1.1M1965
Rob CainSenior Vice President & Chief Technology Officer——
Rob ClarkSenior Vice President, Chief Communications Officer & Chief of Staff——

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
Bob Frenzel Chairman, President and CEO2025$1.4M$11.2M$3.0M$16.0M
Brian Van Abel EVP, Chief Financial Officer2025$840,000$2.4M$1.0M$4.5M
Amanda Rome EVP, Group President, Utilities and Chief Customer Officer2025$775,000$1.9M$947,020$3.8M
Tim O'Connor Former EVP, Chief Operations Officer2025$513,333$1.7M$624,036$3.2M
Michael Lamb EVP, Chief Delivery Officer2025$556,667$1.2M$508,718$2.6M
Ryan Long EVP, Chief Legal and Compliance Officer2025$556,458$1.3M$646,920$2.6M

Employees

11k201811k20195k202011k202112k202211k202311k202412k2025

Dividends

Ex-dateAmountPaid
2026-09-15$0.59252026-10-20
2026-06-15$0.59252026-07-20
2026-03-13$0.59252026-04-20
2025-12-29$0.572026-01-20
2025-09-15$0.572025-10-20
2025-06-13$0.572025-07-20
2025-03-14$0.572025-04-20
2025-01-06$0.54752025-01-20

Moat model

None · Cost Advantage · 2026-06-30
Cost advantage49
Intangibles25
Switching costs39
Network effect22
Efficient scale42
Our component scores (0-100) and overall 35.4; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

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