Xcel Energy (XEL) Capital Expenditures (2009 - 2026)
Xcel Energy (XEL) reported Capital Expenditures of $2.95 billion for Q2 2026, up 21.5% from $2.43 billion a year earlier but down 2.4% from the prior quarter.
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Analysis
Xcel Energy (XEL) Capital Expenditures (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Xcel Energy's Capital Expenditures came in at $12.46 billion, up 48.2% year-over-year; for FY2025, it came in at $10.91 billion, up 48.1% from FY2024.
- Capital Expenditures has increased for four consecutive years, with a five-year compound annual growth rate of 15.2% (FY2020 to FY2025).
- By year, Capital Expenditures came in at $7.36 billion in FY2024 (+25.8%), $5.85 billion in FY2023 (+26.2%), $4.64 billion in FY2022 (+9.3%) and $4.24 billion in FY2021 (-21.0%).
- Five-year quarterly Capital Expenditures spans a low of $942 million in Q1 2022 and a high of $3.44 billion in Q4 2025.
- Year over year, Capital Expenditures has now increased in each of the last 17 quarters, with growth averaging 38.5% over the last eight quarters.
- The high point for year-over-year Capital Expenditures in five years was Q3 2025 (growth of 71.7%); the low point was Q4 2021 (a decline of 28.2%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $3.02 billion (Q1 2026), $3.44 billion (Q4 2025) and $3.06 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Nextera Energy | 162.78 Bn | 152.72 Bn | - | 2.73 Bn |
| 2 | Southern | 100.19 Bn | 91.25 Bn | 5.92 Bn | 3.70 Bn |
| 3 | Duke Energy | 91.91 Bn | 88.50 Bn | 6.74 Bn | 4.09 Bn |
| 4 | National Grid | 77.40 Bn | 49.69 Bn | - | - |
| 5 | American Electric Power | 68.36 Bn | 65.53 Bn | 3.84 Bn | 2.78 Bn |
| 6 | Dominion Energy | 54.82 Bn | 52.81 Bn | - | 2.78 Bn |
| 7 | Sempra | 53.87 Bn | 52.99 Bn | 2.89 Bn | 2.23 Bn |
| 8 | Entergy | 48.18 Bn | 37.31 Bn | - | 2.78 Bn |
| 9 | Xcel Energy | 46.63 Bn | 41.53 Bn | - | 2.95 Bn |
| 10 | Exelon | 43.40 Bn | 38.71 Bn | - | 2.20 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 |
API Access
Xcel Energy Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=XEL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "XEL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=XEL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();