Xcel Energy (XEL) Capital Expenditures (2009 - 2026)
Xcel Energy (XEL) posted Capital Expenditures of $2.9 billion for Q2 2026, down 2.45% sequentially from $3.0 billion in Q1 2026, and up 21.47% YoY from $2.4 billion in Q2 2025.
Xcel Energy (XEL) Capital Expenditures (2009 - 2026) Analysis & Trends
Xcel Energy has reported Capital Expenditures for 18 years, with the latest figure at $2.9 billion in Q2 2026.
- Quarterly Capital Expenditures rose 21.47% year-over-year to $2.9 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $12.5 billion (up 48.18% YoY) and the FY2025 annual result came in at $10.9 billion, up 48.13% from the prior year.
- Capital Expenditures eased to $2.9 billion in Q2 2026 per XEL's latest filing, from $3.0 billion in the prior quarter.
- Over five years, Capital Expenditures peaked at $3.4 billion in Q4 2025 and troughed at $942.0 million in Q1 2022.
- A 5-year average of $1.9 billion and a median of $1.7 billion in 2023 frame the typical range for Capital Expenditures.
- The sharpest annual moves came in 2022 and 2025: Capital Expenditures decreased 8.01% in 2022, then surged 71.73% in 2025.
- Over 5 years, Capital Expenditures stood at $1.3 billion in 2022, then grew by 22.92% to $1.6 billion in 2023, then soared by 37.36% to $2.2 billion in 2024, then jumped by 55.07% to $3.4 billion in 2025, then slipped by 14.25% to $2.9 billion in 2026.
- According to Business Quant data, Capital Expenditures over the past three periods registered $2.9 billion, $3.0 billion, and $3.4 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | National Grid | 78.91 Bn | 75.10 Bn | - | - |
| 2 | Dominion Energy | 58.65 Bn | 57.86 Bn | 3.50 Bn | 87.00 Mn |
| 3 | Xcel Energy | 47.76 Bn | 45.75 Bn | 3.12 Bn | 2.95 Bn |
| 4 | Wec Energy | 34.66 Bn | 34.61 Bn | 1.45 Bn | 1.26 Bn |
| 5 | Ameren | 29.39 Bn | 29.38 Bn | - | 1.08 Bn |
| 6 | Fortis | 28.02 Bn | 28.02 Bn | 1.60 Bn | 1.16 Bn |
| 7 | Edison International | 27.49 Bn | 27.25 Bn | 3.29 Bn | - |
| 8 | Firstenergy | 26.59 Bn | 26.40 Bn | 2.51 Bn | 1.35 Bn |
| 9 | Hydro One | 24.05 Bn | 23.66 Bn | - | - |
| 10 | Cms Energy | 21.23 Bn | 20.99 Bn | 3.65 Bn | 2.01 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 2.95 Bn |
| Jun 30, 2026 | 2.95 Bn |
| Mar 31, 2026 | 1.32 Bn |
| Mar 31, 2026 | 1.32 Bn |
| Dec 31, 2025 | 3.44 Bn |
| Dec 31, 2025 | 3.44 Bn |
| Sep 30, 2025 | 6.39 Bn |
| Sep 30, 2025 | 6.39 Bn |
| Jun 30, 2025 | -907.00 Mn |
| Jun 30, 2025 | -907.00 Mn |
| Mar 31, 2025 | 1.99 Bn |
| Mar 31, 2025 | 1.99 Bn |
| Dec 31, 2024 | 223.00 Mn |
| Dec 31, 2024 | 223.00 Mn |
| Sep 30, 2024 | 221.00 Mn |
| Sep 30, 2024 | 221.00 Mn |
| Jun 30, 2024 | -1.02 Bn |
| Jun 30, 2024 | -1.02 Bn |
| Mar 31, 2024 | 1.54 Bn |
| Mar 31, 2024 | 1.54 Bn |