XCEL ENERGY INC
XEL Utilities · UtilitiesEach grade is a single reported quarter's assessment, never an average — a card shows the grade at the newest quarter in view, so it follows the period and range controls above. Latest scored quarter: 2026-06-30.
▲+6 over range · as of 2026-06-30
Revenue -5.1% YoY, earnings +32.0% YoY · sector avg 73
▼−22 over range · as of 2026-06-30
18.8% net margin, 9% return on equity, -53% free-cash-flow margin, profitable in 8 of last 8 quarters · sector avg 51
▼−37 over range · as of 2026-06-30
Net debt 6.5x EBITDA, 2x interest coverage, 0.7x current ratio · sector avg 65
Latest quarter · ending 2026-06-30 · green = improving · click a row to chart it
Revenue $3.1B −22.4% Gross margin — — Operating margin 22.6% +3.9pp Net margin 18.8% +5.0pp Net income $586.0M +5.4%Filings
18-09 → 26-06 · following the period bar 7 match| Year | Q1 | Q2 | Q3 | FY |
|---|---|---|---|---|
| 2026 | 10-Q Q1 2026 | 10-Q Q2 2026 | no filing | no filing |
| 2025 | 10-Q Q1 2025 | 10-Q Q2 2025 | 10-Q Q3 2025 | 10-K FY 2025 |
| 2024 | 10-Q Q1 2024 | 10-Q Q2 2024 | 10-Q Q3 2024 | 10-K FY 2024 |
| 2023 | 10-Q Q1 2023 | 10-Q Q2 2023 | 10-Q Q3 2023 | 10-K FY 2023 |
| 2022 | 10-Q Q1 2022 | 10-Q Q2 2022 | 10-Q Q3 2022 | 10-K FY 2022 |
| 2021 | 10-Q Q1 2021 | 10-Q Q2 2021 | 10-Q Q3 2021 | 10-K FY 2021 |
| 2020 | 10-Q Q1 2020 | 10-Q Q2 2020 | 10-Q Q3 2020 | 10-K FY 2020 |
| 2019 | no filing | no filing | 10-Q Q3 2019 | 10-K FY 2019 |
All 7 filings
10-Q Q3 2019 2019-10-25 Pro →Filing-level fact detail is a Pro feature. The grades and figures above are free. See Pro plans
Trends
| Period | Period end | Revenue |
|---|---|---|
| 18-09 | 2018-09-30 | $3.0B |
| 18-12 | 2018-12-31 | $2.9B |
| 19-03 | 2019-03-31 | $3.1B |
| 19-06 | 2019-06-30 | $2.6B |
| 19-09 | 2019-09-30 | $3.0B |
| 19-12 | 2019-12-31 | $2.8B |
| 20-03 | 2020-03-31 | $2.8B |
| 20-06 | 2020-06-30 | $2.6B |
| 20-09 | 2020-09-30 | $3.2B |
| 20-12 | 2020-12-31 | $2.9B |
| 21-03 | 2021-03-31 | $3.5B |
| 21-06 | 2021-06-30 | $3.1B |
| 21-09 | 2021-09-30 | $3.5B |
| 21-12 | 2021-12-31 | $2.9B |
| 22-03 | 2022-03-31 | $3.8B |
| 22-06 | 2022-06-30 | $3.4B |
| 22-09 | 2022-09-30 | $4.1B |
| 22-12 | 2022-12-31 | $4.1B |
| 23-03 | 2023-03-31 | $4.1B |
| 23-06 | 2023-06-30 | $3.0B |
| 23-09 | 2023-09-30 | $3.7B |
| 23-12 | 2023-12-31 | $3.4B |
| 24-03 | 2024-03-31 | $3.6B |
| 24-06 | 2024-06-30 | $3.0B |
| 24-09 | 2024-09-30 | $3.6B |
| 24-12 | 2024-12-31 | $3.1B |
| 25-03 | 2025-03-31 | $3.9B |
| 25-06 | 2025-06-30 | $3.3B |
| 25-09 | 2025-09-30 | $3.9B |
| 25-12 | 2025-12-31 | $3.6B |
| 26-03 | 2026-03-31 | $4.0B |
| 26-06 | 2026-06-30 | $3.1B |
| Period | Period end | Net income |
|---|---|---|
| 18-09 | 2018-09-30 | $491.0M |
| 18-12 | 2018-12-31 | $214.0M |
| 19-03 | 2019-03-31 | $315.0M |
| 19-06 | 2019-06-30 | $238.0M |
| 19-09 | 2019-09-30 | $527.0M |
| 19-12 | 2019-12-31 | $292.0M |
| 20-03 | 2020-03-31 | $295.0M |
| 20-06 | 2020-06-30 | $287.0M |
| 20-09 | 2020-09-30 | $603.0M |
| 20-12 | 2020-12-31 | $288.0M |
| 21-03 | 2021-03-31 | $362.0M |
| 21-06 | 2021-06-30 | $311.0M |
| 21-09 | 2021-09-30 | $609.0M |
| 21-12 | 2021-12-31 | $288.0M |
| 22-03 | 2022-03-31 | $380.0M |
| 22-06 | 2022-06-30 | $328.0M |
| 22-09 | 2022-09-30 | $649.0M |
| 22-12 | 2022-12-31 | $379.0M |
| 23-03 | 2023-03-31 | $418.0M |
| 23-06 | 2023-06-30 | $288.0M |
| 23-09 | 2023-09-30 | $656.0M |
| 23-12 | 2023-12-31 | $409.0M |
| 24-03 | 2024-03-31 | $488.0M |
| 24-06 | 2024-06-30 | $302.0M |
| 24-09 | 2024-09-30 | $682.0M |
| 24-12 | 2024-12-31 | $464.0M |
| 25-03 | 2025-03-31 | $483.0M |
| 25-06 | 2025-06-30 | $444.0M |
| 25-09 | 2025-09-30 | $524.0M |
| 25-12 | 2025-12-31 | $567.0M |
| 26-03 | 2026-03-31 | $556.0M |
| 26-06 | 2026-06-30 | $586.0M |
| Period | Period end | Operating income |
|---|---|---|
| 18-09 | 2018-09-30 | $696.0M |
| 18-12 | 2018-12-31 | $339.0M |
| 19-03 | 2019-03-31 | $486.0M |
| 19-06 | 2019-06-30 | $410.0M |
| 19-09 | 2019-09-30 | $758.0M |
| 19-12 | 2019-12-31 | $450.0M |
| 20-03 | 2020-03-31 | $455.0M |
| 20-06 | 2020-06-30 | $422.0M |
| 20-09 | 2020-09-30 | $813.0M |
| 20-12 | 2020-12-31 | $426.0M |
| 21-03 | 2021-03-31 | $507.0M |
| 21-06 | 2021-06-30 | $438.0M |
| 21-09 | 2021-09-30 | $825.0M |
| 21-12 | 2021-12-31 | $426.0M |
| 22-03 | 2022-03-31 | $510.0M |
| 22-06 | 2022-06-30 | $469.0M |
| 22-09 | 2022-09-30 | $924.0M |
| 22-12 | 2022-12-31 | $525.0M |
| 23-03 | 2023-03-31 | $573.0M |
| 23-06 | 2023-06-30 | $418.0M |
| 23-09 | 2023-09-30 | $915.0M |
| 23-12 | 2023-12-31 | $575.0M |
| 24-03 | 2024-03-31 | $679.0M |
| 24-06 | 2024-06-30 | $449.0M |
| 24-09 | 2024-09-30 | $911.0M |
| 24-12 | 2024-12-31 | $347.0M |
| 25-03 | 2025-03-31 | $677.0M |
| 25-06 | 2025-06-30 | $577.0M |
| 25-09 | 2025-09-30 | $749.0M |
| 25-12 | 2025-12-31 | $580.0M |
| 26-03 | 2026-03-31 | $754.0M |
| 26-06 | 2026-06-30 | $706.0M |
Grade history
Point-in-time: each period shows the grade of the quarter it ends at — grades are never summed or averaged across a window.
Hover to read every grade at a period · shared with the trends chart · axis fixed 0–100
| Period | Period end | Growth | Quality | Safety |
|---|---|---|---|---|
| 18-09 | 2018-09-30 | not scored | not scored | not scored |
| 18-12 | 2018-12-31 | not scored | not scored | not scored |
| 19-03 | 2019-03-31 | not scored | not scored | not scored |
| 19-06 | 2019-06-30 | not scored | not scored | not scored |
| 19-09 | 2019-09-30 | not scored | not scored | not scored |
| 19-12 | 2019-12-31 | not scored | not scored | not scored |
| 20-03 | 2020-03-31 | not scored | not scored | not scored |
| 20-06 | 2020-06-30 | not scored | not scored | not scored |
| 20-09 | 2020-09-30 | not scored | not scored | not scored |
| 20-12 | 2020-12-31 | not scored | not scored | not scored |
| 21-03 | 2021-03-31 | not scored | not scored | not scored |
| 21-06 | 2021-06-30 | not scored | not scored | not scored |
| 21-09 | 2021-09-30 | not scored | not scored | not scored |
| 21-12 | 2021-12-31 | not scored | not scored | not scored |
| 22-03 | 2022-03-31 | not scored | not scored | not scored |
| 22-06 | 2022-06-30 | not scored | not scored | not scored |
| 22-09 | 2022-09-30 | not scored | not scored | not scored |
| 22-12 | 2022-12-31 | not scored | not scored | not scored |
| 23-03 | 2023-03-31 | not scored | not scored | not scored |
| 23-06 | 2023-06-30 | not scored | not scored | not scored |
| 23-09 | 2023-09-30 | 37 | 66 | 63 |
| 23-12 | 2023-12-31 | 33 | 60 | 57 |
| 24-03 | 2024-03-31 | 46 | 56 | 54 |
| 24-06 | 2024-06-30 | 39 | 51 | 48 |
| 24-09 | 2024-09-30 | 31 | 54 | 62 |
| 24-12 | 2024-12-31 | 26 | 53 | 35 |
| 25-03 | 2025-03-31 | 26 | 41 | 33 |
| 25-06 | 2025-06-30 | 64 | 45 | 44 |
| 25-09 | 2025-09-30 | 20 | 34 | 25 |
| 25-12 | 2025-12-31 | 71 | 42 | 29 |
| 26-03 | 2026-03-31 | 37 | 32 | 31 |
| 26-06 | 2026-06-30 | 43 | 44 | 26 |