Xcel Energy (XEL) Capital Expenditures (2009 - 2026)
Xcel Energy's (XEL) quarterly Capital Expenditures came in at $2.9 billion in Q2 2026, up 21.47% year-over-year from $2.4 billion in Q2 2025, and down 2.45% quarter-over-quarter from $3.0 billion in Q1 2026.
Analysis
Xcel Energy (XEL) Capital Expenditures (2009 - 2026) Analysis & Trends
Xcel Energy has disclosed Capital Expenditures across 18 years of filings, most recently posting $2.9 billion for Q2 2026.
- In Q2 2026, Capital Expenditures rose 21.47% year-over-year to $2.9 billion; the TTM figure through Jun 2026 stood at $12.5 billion (up 48.18% YoY), while the FY2025 annual figure was $10.9 billion, up 48.13% from the prior year.
- Capital Expenditures came in at $2.9 billion for Q2 2026 at Xcel Energy, down from $3.0 billion in the prior quarter.
- In the past five years, Capital Expenditures ranged from a high of $3.4 billion in Q4 2025 to a low of $942.0 million in Q1 2022.
- Average Capital Expenditures over 5 years is $1.9 billion, with a median of $1.7 billion recorded in 2023.
- Year-over-year, Capital Expenditures retreated 8.01% in 2022 and jumped 71.73% in 2025.
- Over 5 years, Capital Expenditures stood at $1.3 billion in 2022, then advanced by 22.92% to $1.6 billion in 2023, then jumped by 37.36% to $2.2 billion in 2024, then surged by 55.07% to $3.4 billion in 2025, then retreated by 14.25% to $2.9 billion in 2026.
- Per Business Quant data, the three most recent Capital Expenditures figures were $2.9 billion in Q2 2026, $3.0 billion in Q1 2026, and $3.4 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capital Expenditures (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 290.50 Bn | 290.50 Bn | 890.00 Mn | - |
| 2 | Dominion Energy | 55.93 Bn | 59.84 Bn | 3.50 Bn | 87.00 Mn |
| 3 | Xcel Energy | 45.14 Bn | 43.13 Bn | 3.12 Bn | 2.95 Bn |
| 4 | Wec Energy | 33.62 Bn | 33.98 Bn | 1.45 Bn | 1.26 Bn |
| 5 | Ameren | 28.30 Bn | 28.41 Bn | - | 1.08 Bn |
| 6 | Fortis | 27.45 Bn | 28.74 Bn | 1.60 Bn | -1.16 Bn |
| 7 | Firstenergy | 26.18 Bn | 27.48 Bn | 2.51 Bn | 1.35 Bn |
| 8 | Hydro One | 22.32 Bn | 21.93 Bn | - | 812.00 Mn |
| 9 | Edison International | 21.27 Bn | 21.03 Bn | 3.29 Bn | - |
| 10 | Cms Energy | 20.49 Bn | 20.87 Bn | 3.65 Bn | 2.01 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.95 Bn |
| Mar 31, 2026 | 3.02 Bn |
| Dec 31, 2025 | 3.44 Bn |
| Sep 30, 2025 | 3.06 Bn |
| Jun 30, 2025 | 2.43 Bn |
| Mar 31, 2025 | 1.99 Bn |
| Dec 31, 2024 | 2.22 Bn |
| Sep 30, 2024 | 1.78 Bn |
| Jun 30, 2024 | 1.83 Bn |
| Mar 31, 2024 | 1.54 Bn |
| Dec 31, 2023 | 1.61 Bn |
| Sep 30, 2023 | 1.64 Bn |
| Jun 30, 2023 | 1.33 Bn |
| Mar 31, 2023 | 1.27 Bn |
| Dec 31, 2022 | 1.31 Bn |
| Sep 30, 2022 | 1.29 Bn |
| Jun 30, 2022 | 1.10 Bn |
| Mar 31, 2022 | 942.00 Mn |
| Dec 31, 2021 | 1.21 Bn |
| Sep 30, 2021 | 1.07 Bn |