Xcel Energy (XEL) Revenue & Revenue Breakdown

Overview ForecastOwnership Financials Chart Transcripts

Xcel Energy Revenue Highlights

Latest Revenue (Y)

$14.67B

Latest Revenue (Q)

$3.64B

Main Segment (Y)

Regulated Electric

Xcel Energy Revenue by Period

Xcel Energy Revenue by Year

Date	Revenue	Change
2025-12-31	$14.67B	9.14%
2024-12-31	$13.44B	-5.39%
2023-12-31	$14.21B	-7.21%
2022-12-31	$15.31B	13.99%
2021-12-31	$13.43B	16.53%
2020-12-31	$11.53B	-0.03%
2019-12-31	$11.53B	-0.07%
2018-12-31	$11.54B	1.17%
2017-12-31	$11.40B	2.67%
2016-12-31	$11.11B	0.75%
2015-12-31	$11.02B	-5.67%
2014-12-31	$11.69B	7.07%
2013-12-31	$10.91B	7.77%
2012-12-31	$10.13B	-4.94%
2011-12-31	$10.65B	3.33%
2010-12-31	$10.31B	6.91%
2009-12-31	$9.64B	-13.91%
2008-12-31	$11.20B	11.65%
2007-12-31	$10.03B	1.97%
2006-12-31	$9.84B	2.23%
2005-12-31	$9.63B	17.16%
2004-12-31	$8.22B	6.26%
2003-12-31	$7.73B	10.85%
2002-12-31	$6.97B	-20.06%
2001-12-31	$8.72B	-23.53%
2000-12-31	$11.41B	47.68%
1999-12-31	$7.73B	16.83%
1998-12-31	$6.61B	141.87%
1997-12-31	$2.73B	3.00%
1996-12-31	$2.65B	3.33%
1995-12-31	$2.57B	3.30%
1994-12-31	$2.49B	3.43%
1993-12-31	$2.40B	-

Xcel Energy generated $14.67B in revenue during NA 2025, up 9.14% compared to the previous quarter, and up 127.27% compared to the same period a year ago.

Xcel Energy Revenue by Quarter

Date	Revenue	Change
2025-09-30	$3.64B	10.68%
2025-06-30	$3.29B	-15.85%
2025-03-31	$3.91B	25.19%
2024-12-31	$3.12B	-14.38%
2024-09-30	$3.64B	20.34%
2024-06-30	$3.03B	-17.02%
2024-03-31	$3.65B	6.01%
2023-12-31	$3.44B	-6.01%
2023-09-30	$3.66B	21.18%
2023-06-30	$3.02B	-25.93%
2023-03-31	$4.08B	0.67%
2022-12-31	$4.05B	-0.71%
2022-09-30	$4.08B	19.22%
2022-06-30	$3.42B	-8.72%
2022-03-31	$3.75B	11.80%
2021-12-31	$3.35B	-3.23%
2021-09-30	$3.47B	13.01%
2021-06-30	$3.07B	-13.36%
2021-03-31	$3.54B	20.16%
2020-12-31	$2.95B	-7.39%
2020-09-30	$3.18B	23.05%
2020-06-30	$2.59B	-8.00%
2020-03-31	$2.81B	0.46%
2019-12-31	$2.80B	-7.14%
2019-09-30	$3.01B	16.92%
2019-06-30	$2.58B	-17.96%
2019-03-31	$3.14B	9.06%
2018-12-31	$2.88B	-5.51%
2018-09-30	$3.05B	14.67%
2018-06-30	$2.66B	-9.93%
2018-03-31	$2.95B	5.54%
2017-12-31	$2.80B	-7.32%
2017-09-30	$3.02B	14.06%
2017-06-30	$2.64B	-10.23%
2017-03-31	$2.95B	5.43%
2016-12-31	$2.79B	-8.08%
2016-09-30	$3.04B	21.61%
2016-06-30	$2.50B	-9.83%
2016-03-31	$2.77B	4.78%
2015-12-31	$2.65B	-8.81%
2015-09-30	$2.90B	15.35%
2015-06-30	$2.52B	-15.09%
2015-03-31	$2.96B	1.15%
2014-12-31	$2.93B	2.05%
2014-09-30	$2.87B	6.88%
2014-06-30	$2.69B	-16.16%
2014-03-31	$3.20B	17.28%
2013-12-31	$2.73B	-3.24%
2013-09-30	$2.82B	9.44%
2013-06-30	$2.58B	-7.33%
2013-03-31	$2.78B	9.08%
2012-12-31	$2.55B	-6.36%
2012-09-30	$2.72B	19.77%
2012-06-30	$2.27B	-11.77%
2012-03-31	$2.58B	0.38%
2011-12-31	$2.57B	-9.29%
2011-09-30	$2.83B	16.13%
2011-06-30	$2.44B	-13.43%
2011-03-31	$2.82B	9.72%
2010-12-31	$2.57B	-2.35%
2010-09-30	$2.63B	13.91%
2010-06-30	$2.31B	-17.80%
2010-03-31	$2.81B	7.23%
2009-12-31	$2.62B	13.11%
2009-09-30	$2.31B	14.80%
2009-06-30	$2.02B	-25.21%
2009-03-31	$2.70B	-0.44%
2008-12-31	$2.71B	-5.05%
2008-09-30	$2.85B	9.03%
2008-06-30	$2.62B	-13.63%
2008-03-31	$3.03B	16.33%
2007-12-31	$2.60B	-

Xcel Energy generated $3.64B in revenue during Q3 2025, up 10.68% compared to the previous quarter, and up 120.15% compared to the same period a year ago.

Xcel Energy Revenue Breakdown

Xcel Energy Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 25	Dec 24	Dec 23	Dec 22	Dec 21
Regulated Natural Gas	$4.90B	$4.48B	$2.65B	-	-
Regulated Electric	$24.32B	$22.30B	$11.45B	-	-
Wholesale Distribution	-	-	$815.00M	-	-
Other Segments	-	-	$115.00M	$107.00M	$94.00M
Alternative and Other	-	-	$615.00M	-	-
Retail Distribution	-	-	$11.91B	-	-
Other Services	-	-	$219.00M	-	-
Product	-	-	$13.59B	-	-
Transmission Services	-	-	$649.00M	-	-
Regulated Electric Segment	-	-	-	$12.13B	$11.21B
Regulated Natural Gas Segment	-	-	-	$3.08B	$2.13B

Xcel Energy's latest annual revenue breakdown by segment (product or service), as of Dec 25: Regulated Electric (83.22%), and Regulated Natural Gas (16.78%).

Quarterly Revenue by Product

Product/Service	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21
Regulated Electric	$12.13B	$3.64B	$2.88B	$5.67B	$5.53B	$8.74B	$5.34B	$2.69B	$2.60B	$2.76B	$2.87B	$3.70B	$2.92B	$2.63B	$2.56B	$3.18B	$2.60B	$2.87B	-	-
Regulated Natural Gas	$2.13B	$264.00M	$396.00M	$2.11B	$2.00B	$239.00M	$1.30B	$942.00M	$393.00M	$1.29B	$1.16B	$358.00M	$477.00M	$1.09B	$768.00M	$269.00M	$1.10B	$647.00M	-	-
Alternative and Other	-	-	-	-	-	-	-	-	$428.00M	$187.00M	-	-	-	-	-	-	-	-	-	-
Retail Distribution	-	-	-	-	-	-	-	-	$8.90B	$3.01B	-	-	-	-	-	-	-	-	-	-
Other Services	-	-	-	-	-	-	-	-	$177.00M	$42.00M	-	-	-	-	-	-	-	-	-	-
Product	-	-	-	-	-	-	-	-	$10.12B	$3.48B	-	-	-	-	-	-	-	-	-	-
Transmission Services	-	-	-	-	-	-	-	-	$471.00M	$178.00M	-	-	-	-	-	-	-	-	-	-
Wholesale Distribution	-	-	-	-	-	-	-	-	$571.00M	$244.00M	-	-	-	-	-	-	-	-	-	-
Other Segments	-	-	-	-	-	-	-	-	-	-	$28.00M	$29.00M	$28.00M	$26.00M	$25.00M	$28.00M	$25.00M	$23.00M	$22.00M	$24.00M

Xcel Energy's latest quarterly revenue breakdown by segment (product or service), as of Dec 25: Regulated Electric (85.04%), and Regulated Natural Gas (14.96%).

Xcel Energy Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
EXC	Exelon	$24.26B	$6.71B
AEP	American Electric Power	$21.88B	$6.01T
ED	Consolidated Edison	$16.92B	$4.53B
D	Dominion Energy	$16.51B	$4.53B
DTE	DTE Energy	$15.81B	$3.53B
XEL	Xcel Energy	$14.67B	$3.64B
ETR	Entergy	$12.95B	$3.81B
PEG	Public Service Enterprise Group	$12.17B	$3.23B
WEC	WEC Energy Group	$9.80B	$2.10B
PCG	Pacific Gas & Electric	-	$6.25B

XEL Revenue FAQ

What is Xcel Energy’s yearly revenue?

Xcel Energy's yearly revenue for 2025 was $14.67B, representing an increase of 9.14% compared to 2024. The company's yearly revenue for 2024 was $13.44B, representing a decrease of -5.39% compared to 2023. XEL's yearly revenue for 2023 was $14.21B, representing a decrease of -7.21% compared to 2022.

What is Xcel Energy’s quarterly revenue?

Xcel Energy's quarterly revenue for Q3 2025 was $3.64B, a 10.68% increase from the previous quarter (Q2 2025), and a -0.16% decrease year-over-year (Q3 2024). The company's quarterly revenue for Q2 2025 was $3.29B, a -15.85% decrease from the previous quarter (Q1 2025), and a 8.55% increase year-over-year (Q2 2024). XEL's quarterly revenue for Q1 2025 was $3.91B, a 25.19% increase from the previous quarter (Q4 2024), and a 7.04% increase year-over-year (Q1 2024).

What is Xcel Energy’s revenue growth rate?

Xcel Energy's revenue growth rate for the last 3 years (2023-2025) was 3.26%, and for the last 5 years (2021-2025) was 9.22%.

What are Xcel Energy’s revenue streams?

Xcel Energy's revenue streams in c 25 are Regulated Natural Gas, and Regulated Electric. Regulated Natural Gas generated $4.9B in revenue, accounting 16.78% of the company's total revenue, up 9.42% year-over-year. Regulated Electric generated $24.32B in revenue, accounting 83.22% of the company's total revenue, up 9.08% year-over-year.

What is Xcel Energy’s main source of revenue?

For the fiscal year ending Dec 25, the largest source of revenue of Xcel Energy was Regulated Electric. This segment made a revenue of $24.32B, representing 83.22% of the company's total revenue.