XEL Q4 2025 Earnings — Xcel Energy Inc. Revenue & Financial Results | Market Cap Arena

XELXcel Energy Inc.

$51B

Q4 2025 Earnings

Utilities Regulated Electric

Income Statement

Revenue

$3.6B+14.1% YoY

Gross Profit

-$1.7B-48.8% margin

Operating Income

$876M24.6% margin

Net Income

$567M15.9% margin

EPS (Diluted)

$0.95

QoQ Revenue Growth

-9.0%

Cash Flow

Operating Cash Flow

-$3.9B

Free Cash Flow

$717M

Stock-Based Comp.

-$38M

Balance Sheet

Total Assets

$84.0B

Total Liabilities

$60.3B

Stockholders' Equity

$23.6B

Cash & Equivalents

$274M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.6B	$3.1B	+14.1%
Gross Profit	-$1.7B	$1.3B	-234.9%
Operating Income	$876M	$347M	+152.4%
Net Income	$567M	$464M	+22.2%

Revenue Segments

Regulated Electric

$12.1B85%

Regulated Natural Gas

$2.1B15%