Xcel Energy Inc. (XEL) 10-Year Financial Performance & Capital Metrics

XEL • • Utilities

UtilitiesElectric UtilitiesMulti-Utility CompaniesDual Electric & Gas Utilities

AboutXcel Energy Inc., through its subsidiaries, generates, purchases, transmits, distributes, and sells electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through coal, nuclear, natural gas, hydroelectric, solar, biomass, oil, wood/refuse, and wind energy sources. 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, 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 sells electricity to approximately 3.7 million customers; and natural gas to approximately 2.1 million customers. Xcel Energy Inc. was incorporated in 1909 and is headquartered in Minneapolis, Minnesota.Show more

Revenue $13.44B -5.4%
EBITDA $5.26B +4.2%
Net Income $1.94B +9.3%
Free Cash Flow -$2.72B -416.7%
EBITDA Margin 39.14% +10.2%
Net Margin 14.4% +15.5%
ROE 10.43% +0.9%
Interest Coverage 2.02 -18.3%
Debt/Equity 1.55 -0.9%
Net Debt/EBITDA 5.71 +5.2%
CapEx / Revenue 54.79% +33.0%
CapEx Coverage 0.63 -30.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓16 years of consecutive dividend growth
✓16 consecutive years of dividend growth
✓Healthy dividend yield of 2.8%

✗Weaknesses

✗High leverage: 5.7x Debt/EBITDA

Price & Volume

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Growth Metrics

Revenue CAGR

10Y1.41%

5Y3.12%

3Y0.02%

TTM26.38%

Profit (Net Income) CAGR

10Y6.6%

5Y7.13%

3Y6.63%

TTM1.81%

EPS CAGR

10Y5.42%

5Y5.44%

3Y5.14%

TTM-1.78%

ROCE

10Y Avg4.89%

5Y Avg4.3%

3Y Avg4.26%

Latest3.91%

Peer Comparison

Dual Electric & Gas Utilities

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
AQNBAlgonquin Power & Utilities Cor		25.60	170.63	-14.03%	-57.66%	-26.75%		1.09
ESEversource Energy	26.15B	69.69	30.70	-0.08%	10.22%	8.3%		1.92
PPLPPL Corporation	26.42B	35.71	29.76	1.8%	12.16%	7.58%		1.19
LNTAlliant Energy Corporation	17.24B	67.06	24.93	-1.14%	19.13%	11.19%		1.49
DDominion Energy, Inc.	51.53B	60.34	24.73	0.46%	14.77%	7.36%		1.38
PEGPublic Service Enterprise Group Incorporated	39.64B	79.41	22.43	-8.43%	17.77%	12.24%		1.42
WECWEC Energy Group, Inc.	35.18B	108.16	22.39	-3.3%	17.76%	12.1%	1.22%	1.59
XELXcel Energy Inc.	44.58B	75.36	21.91	-5.38%	11.01%	9.04%		1.55

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	11.02B	11.11B	11.4B	11.54B	11.53B	11.53B	13.43B	15.31B	14.21B	13.44B
Revenue Growth %	-0.06%	0.01%	0.03%	0.01%	-0%	-0%	0.17%	0.14%	-0.07%	-0.05%
Cost of Revenue	7.03B	6.79B	6.88B	7.08B	6.81B	6.56B	8.17B	9.45B	8.23B	7.29B
Gross Profit+	3.99B	4.32B	4.52B	4.45B	4.72B	4.96B	5.26B	5.86B	5.98B	6.15B
Gross Margin %	-	-	-	-	-	-	-	-	-	-
Gross Profit Growth %	0.07%	0.08%	0.05%	-0.01%	0.06%	0.05%	0.06%	0.11%	0.02%	0.03%
Operating Expenses+	1.99B	2.08B	2.3B	2.49B	2.62B	2.85B	3.06B	3.43B	3.5B	3.76B
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-
EBITDA+	3.13B	3.64B	3.78B	3.73B	3.99B	4.2B	4.46B	4.98B	5.05B	5.26B
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
EBITDA Growth %	0.05%	0.16%	0.04%	-0.01%	0.07%	0.05%	0.06%	0.12%	0.01%	0.04%
Depreciation & Amortization+	1.12B	1.42B	1.59B	1.76B	1.88B	2.08B	2.26B	2.55B	2.57B	2.88B
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income (EBIT)+	2B	2.21B	2.19B	1.97B	2.1B	2.12B	2.2B	2.43B	2.48B	2.39B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.03%	0.11%	-0.01%	-0.1%	0.07%	0.01%	0.04%	0.1%	0.02%	-0.04%
Interest Expense+	564.52M	614.02M	604M	652M	732M	805M	816M	925M	1B	1.18B
Interest Coverage	3.54x	3.61x	3.63x	3.01x	2.87x	2.63x	2.70x	2.62x	2.47x	2.02x
Interest / Revenue %	-	-	-	-	-	-	-	-	-	-
Non-Operating Income	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Pretax Income+	1.53B	1.7B	1.69B	1.44B	1.5B	1.47B	1.53B	1.6B	1.63B	1.53B
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	542.72M	581.22M	542M	181M	128M	-6M	-70M	-135M	-146M	-402M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	984.49M	1.12B	1.15B	1.26B	1.37B	1.47B	1.6B	1.74B	1.77B	1.94B
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.04%	0.14%	0.02%	0.1%	0.09%	0.07%	0.08%	0.09%	0.02%	0.09%
EPS (Diluted)+	1.94	2.21	2.25	2.47	2.64	2.79	2.96	3.17	3.21	3.44
EPS Growth %	-0.04%	0.14%	0.02%	0.1%	0.07%	0.06%	0.06%	0.07%	0.01%	0.07%
EPS (Basic)	1.94	2.21	2.26	2.47	2.64	2.80	2.96	3.17	3.21	3.44
Diluted Shares Outstanding	508.17M	509.46M	509M	511M	520M	528M	540M	547M	552M	563M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	39.05B	41.16B	43.03B	45.99B	50.45B	53.96B	57.85B	61.19B	64.08B	70.03B
Asset Growth %	0.06%	0.05%	0.05%	0.07%	0.1%	0.07%	0.07%	0.06%	0.05%	0.09%
PP&E (Net)+	31.21B	32.84B	34.33B	36.94B	41.16B	44.44B	46.75B	49.46B	52.86B	58.26B
PP&E / Total Assets %	-	-	-	-	-	-	-	-	-	-
Total Current Assets+	2.91B	2.84B	2.97B	3.09B	3.11B	3.27B	4.24B	5.14B	4.07B	4.33B
Cash & Equivalents	84.94M	84.48M	83M	147M	248M	129M	166M	111M	129M	179M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Inventory	608.58M	604.23M	610M	548M	544M	535M	631M	803M	711M	666M
Other Current Assets	534.21M	540M	651M	705M	728M	939M	1.52B	1.7B	1.01B	1.33B
Long-Term Investments	1.9B	2.09B	2.4B	2.32B	2.73B	3.1B	3.63B	3.23B	3.6B	3.9B
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Other Assets	2.94B	3.38B	3.33B	3.63B	3.45B	3.15B	3.24B	3.35B	3.55B	3.56B
Total Liabilities	28.45B	30.13B	31.57B	33.77B	37.21B	39.38B	42.24B	44.51B	46.46B	50.51B
Total Debt+	13.9B	14.84B	15.79B	17.25B	20.45B	22.21B	24.74B	26.03B	27.51B	30.21B
Net Debt	13.82B	14.76B	15.71B	17.1B	20.2B	22.08B	24.57B	25.92B	27.39B	30.03B
Long-Term Debt	12.4B	14.2B	14.52B	15.8B	17.41B	19.64B	21.78B	22.81B	24.91B	27.32B
Short-Term Borrowings	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Capital Lease Obligations	0	77.34M	0	71M	1.55B	1.56B	1.35B	1.25B	1.26B	1.09B
Total Current Liabilities+	4.06B	3.25B	4.09B	4.46B	4.57B	4.24B	5.05B	6.08B	5.65B	6.46B
Accounts Payable	960.98M	1.04B	1.24B	1.24B	1.29B	1.24B	1.41B	1.8B	1.67B	1.78B
Accrued Expenses	166.83M	173M	174M	174M	192M	203M	209M	217M	251M	280M
Deferred Revenue	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	826.87M	753M	769M	960M	913M	771M	799M	1.04B	1.32B	1.52B
Deferred Taxes	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Liabilities	5.31B	5.65B	8.87B	9.08B	8.92B	9.17B	9.13B	9.6B	9.75B	10.37B
Total Equity+	10.6B	11.02B	11.46B	12.22B	13.24B	14.57B	15.61B	16.68B	17.62B	19.52B
Equity Growth %	0.04%	0.04%	0.04%	0.07%	0.08%	0.1%	0.07%	0.07%	0.06%	0.11%
Shareholders Equity	10.6B	11.02B	11.46B	12.22B	13.24B	14.57B	15.61B	16.68B	17.62B	19.52B
Minority Interest	0	0	0	0	0	0	0	0	0	0
Common Stock	1.27B	1.27B	1.27B	1.28B	1.31B	1.34B	1.36B	1.37B	1.39B	1.44B
Additional Paid-in Capital	5.89B	5.88B	5.9B	6.17B	6.66B	7.4B	7.8B	8.15B	8.46B	9.6B
Retained Earnings	3.55B	3.98B	4.41B	4.89B	5.41B	5.97B	6.57B	7.24B	7.86B	8.55B
Accumulated OCI	-109.75M	-110.35M	-125M	-124M	-141M	-141M	-123M	-93M	-94M	-68M
Return on Assets (ROA)	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%
Return on Equity (ROE)	0.09%	0.1%	0.1%	0.11%	0.11%	0.11%	0.11%	0.11%	0.1%	0.1%
Debt / Equity	1.31x	1.35x	1.38x	1.41x	1.54x	1.52x	1.58x	1.56x	1.56x	1.55x
Debt / Assets	0.36%	0.36%	0.37%	0.38%	0.41%	0.41%	0.43%	0.43%	0.43%	0.43%
Net Debt / EBITDA	4.42x	4.06x	4.15x	4.59x	5.06x	5.26x	5.51x	5.20x	5.42x	5.71x
Book Value per Share	20.86	21.63	22.5	23.92	25.46	27.6	28.91	30.48	31.91	34.67

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	3.03B	3.05B	3.13B	3.12B	3.26B	2.85B	2.19B	3.93B	5.33B	4.64B
Operating CF Growth %	0.14%	0.01%	0.02%	-0%	0.05%	-0.13%	-0.23%	0.8%	0.35%	-0.13%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	984.49M	1.12B	1.15B	1.26B	1.37B	1.47B	1.6B	1.74B	1.77B	1.94B
Depreciation & Amortization	1.25B	1.44B	1.61B	1.78B	1.9B	2.08B	2.26B	2.55B	2.57B	2.88B
Deferred Taxes	530.59M	581.45M	635M	218M	143M	-8M	-79M	-140M	-59M	225M
Other Non-Cash Items	141.16M	-6.64M	-24M	-113M	51M	-217M	-173M	-123M	-169M	-256M
Working Capital Changes	75.29M	-122.8M	-299M	-70M	-265M	-555M	-1.44B	-115M	1.19B	-172M
Capital Expenditures+	-3.68B	-3.26B	-3.32B	-3.96B	-4.22B	-5.37B	-4.24B	-4.64B	-5.85B	-7.36B
CapEx / Revenue %	-	-	-	-	-	-	-	-	-	-
CapEx / D&A	-	-	-	-	-	-	-	-	-	-
CapEx Coverage (OCF/CapEx)	-	-	-	-	-	-	-	-	-	-
Cash from Investing+	-3.62B	-3.26B	-3.3B	-3.99B	-4.34B	-4.74B	-4.29B	-4.65B	-5.93B	-7.43B
Acquisitions	-1.39M	-3.96M	-17M	3.96B	4.22B	684M	4.24B	0	0	0
Purchase of Investments	-1.26B	-546.61M	-1.7B	-853M	-995M	-1.4B	-757M	-1.33B	-994M	-998M
Sale of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Investing	83.03M	65.84M	68M	-3.97B	-4.32B	-35M	-4.27B	20M	-37M	-27M
Cash from Financing+	602.27M	208.65M	168M	928M	1.18B	1.77B	2.13B	666M	617M	2.84B
Dividends Paid	-606.57M	-680.52M	-721M	-730M	-791M	-856M	-935M	-1.01B	-1.09B	-1.18B
Dividend Payout Ratio %	0.62%	0.61%	0.63%	0.58%	0.58%	0.58%	0.59%	0.58%	0.62%	0.61%
Debt Issuance (Net)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Stock Issued	7.01M	0	31M	230M	458M	727M	366M	322M	270M	1.12B
Share Repurchases	0	-32.21M	-3M	-1M	0	0	0	0	0	0
Other Financing	-11M	-12.35M	401M	-20M	-14M	-26M	-10M	-15M	-12M	-6M
Net Change in Cash+	5.33M	-464K	-2M	64M	101M	-119M	37M	-55M	18M	50M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	79.61M	84.94M	85M	83M	147M	248M	129M	166M	111M	129M
Cash at End	84.94M	84.48M	83M	147M	248M	129M	166M	111M	129M	179M
Free Cash Flow+	-657.52M	-203.25M	-193M	-835M	-962M	-2.52B	-2.06B	-706M	-527M	-2.72B
FCF Growth %	-0.19%	0.69%	0.05%	-3.33%	-0.15%	-1.62%	0.18%	0.66%	0.25%	-4.17%
FCF Margin %	-	-	-	-	-	-	-	-	-	-
FCF / Net Income %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	9.46%	10.39%	10.22%	10.65%	10.78%	10.59%	10.58%	10.75%	10.33%	10.43%
EBITDA Margin	28.35%	32.75%	33.17%	32.32%	34.59%	36.42%	33.21%	32.54%	35.53%	39.14%
Net Debt / EBITDA	4.42x	4.06x	4.15x	4.59x	5.06x	5.26x	5.51x	5.20x	5.42x	5.71x
Interest Coverage	3.54x	3.61x	3.63x	3.01x	2.87x	2.63x	2.70x	2.62x	2.47x	2.02x
CapEx / Revenue	33.41%	29.31%	29.1%	34.3%	36.65%	46.58%	31.6%	30.29%	41.21%	54.79%
Dividend Payout Ratio	61.61%	60.58%	62.8%	57.89%	57.65%	58.11%	58.55%	58.29%	61.66%	60.69%
Debt / Equity	1.31x	1.35x	1.38x	1.41x	1.54x	1.52x	1.58x	1.56x	1.56x	1.55x
EPS Growth	-4.43%	13.92%	1.81%	9.78%	6.88%	5.68%	6.09%	7.09%	1.26%	7.17%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Regulated Electric	9.28B	9.5B	9.68B	9.72B	9.58B	9.8B	11.21B	12.13B	11.45B	22.3B
Regulated Electric Growth	-	2.41%	1.86%	0.43%	-1.48%	2.38%	14.31%	8.19%	-5.58%	94.76%
Regulated Natural Gas	1.67B	1.53B	1.65B	1.74B	1.87B	1.64B	2.13B	3.08B	2.65B	4.48B
Regulated Natural Gas Growth	-	-8.41%	7.73%	5.45%	7.41%	-12.46%	30.36%	44.42%	-14.08%	69.26%
Others	76.42M	75.73M	78M	79M	86M	88M	94M	107M	115M	-
Others Growth	-	-0.91%	3.00%	1.28%	8.86%	2.33%	6.82%	13.83%	7.48%	-

Frequently Asked Questions

Valuation & Price

Xcel Energy Inc. (XEL) has a price-to-earnings (P/E) ratio of 21.9x. This is roughly in line with market averages.

Growth & Financials

Xcel Energy Inc. (XEL) reported $17.39B in revenue for fiscal year 2024. This represents a 63% increase from $10.65B in 2011.

Xcel Energy Inc. (XEL) saw revenue decline by 5.4% over the past year.

Yes, Xcel Energy Inc. (XEL) is profitable, generating $1.92B in net income for fiscal year 2024 (14.4% net margin).

Dividend & Returns

Yes, Xcel Energy Inc. (XEL) pays a dividend with a yield of 2.77%. This makes it attractive for income-focused investors.

Xcel Energy Inc. (XEL) has a return on equity (ROE) of 10.4%. This is reasonable for most industries.

Xcel Energy Inc. (XEL) had negative free cash flow of $5.15B in fiscal year 2024, likely due to heavy capital investments.

Industry Metrics

Xcel Energy Inc. (XEL) has a dividend payout ratio of 61%. This suggests the dividend is well-covered and sustainable.

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