Xcel Energy
Xcel Energy Inc. (NASDAQ: XEL) is a major regulated electric and natural gas delivery company headquartered in Minneapolis, Minnesota, and operates through its website at www.xcelenergy.com. The company serves approximately 3.9 million electric customers and 2.2 million natural gas customers across eight states,… From the company’s description.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What Xcel Energy does
In the company’s own words
Xcel Energy Inc. (NASDAQ: XEL) is a major regulated electric and natural gas delivery company headquartered in Minneapolis, Minnesota, and operates through its website at www.xcelenergy.com. The company serves approximately 3.9 million electric customers and 2.2 million natural gas customers across eight states, including portions of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas, and Wisconsin.
Xcel Energy operates through four primary utility subsidiaries: Northern States Power Company (Minnesota), Northern States Power Company (Wisconsin), Public Service Company of Colorado, and Southwestern Public Service Company. These subsidiaries generate, purchase, transmit, and distribute electricity, while also purchasing, transporting, and distributing natural gas in their respective service territories. The company also maintains transmission-only subsidiaries including WestGas InterState and WYCO Development, which focus on natural gas pipeline and storage operations. Nonregulated subsidiaries include Eloigne, Capital Services, Venture Holdings, and Nicollet Project Holdings.
The company maintains substantial infrastructure assets totaling $81.4 billion, including approximately 20,800 megawatts of owned electric generating capacity, 115,000 conductor miles of transmission lines, and 225,000 conductor miles of distribution lines. Natural gas operations include 53.3 billion cubic feet of storage capacity, 2,100 miles of transmission lines, and 38,000 miles of distribution lines. Xcel Energy employs 11,534 full-time employees across its operations.
Electric operations represent the largest revenue segment, with residential customers accounting for 32 percent of electric revenues, commercial and industrial customers representing 49 percent, and other sources comprising 19 percent. Natural gas operations contribute additional revenues through residential, commercial and industrial, and transportation services. The company's energy generation portfolio includes wind, nuclear, hydroelectric, biomass, and solar resources, alongside natural gas and coal facilities. Xcel Energy has committed to achieving zero-carbon electricity by 2050 and net-zero greenhouse gas natural gas service by 2050, with plans to fully exit coal generation by the end of 2030.
Company details
- Sector
- Utilities
- Industry (SIC)
- Electric, Gas & Water
- Headquarters
- MINNEAPOLIS, MN
- Fiscal year end
- December
- CIK
- 72903
- SIC
- 4931
Financial performance, year by year
Fiscal 2013–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns Xcel Energy — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Largest fund holders · Xcel Energy’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
Xcel Energy’s bonds, as funds hold them
Funds report holding 73 issues of Xcel Energy’s debt, $4.69B at market value — what funds hold, not the company’s total debt. Weighted-average coupon 4.51%, maturing 2026 to 2056.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
Put this business in context.
Compare this company with peers, find it in your funds and follow its financial history with your connected AI:
- “How do Xcel Energy and its peers compare on margins and cash generation over ten years?”
- “Where did five years of Xcel Energy's earnings go — cash, debt, buybacks, reinvestment?”
- “What changed in Xcel Energy's last four quarterly filings that the numbers alone won't show?”