Xcel Energy (XEL) Debt to Equity (2009 - 2026)

Xcel Energy has disclosed Debt to Equity across 18 years of filings, most recently posting $1.51 for Q1 2026.

• Debt to Equity for Q1 2026 came in at $1.51, up 100.16% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.51 (up 100.16% YoY), and the FY2025 annual result was $1.37, up 100.76% from the prior year.
• Debt to Equity came in at $1.51 for Q1 2026 at Xcel Energy, up from $1.37 in the prior quarter.
• In the past five years, Debt to Equity ranged from a high of $1.58 in Q3 2025 to a low of -$950.6 in Q2 2024.
• The 5-year median for Debt to Equity is -$412.02 (2023), against an average of -$425.22.
• Across the five-year window, Debt to Equity slumped 210.98% in 2024 and soared 100.76% in 2025, its largest moves.
• Xcel Energy's Debt to Equity stood at -$254.04 in 2022, then sank by 90.86% to -$484.87 in 2023, then soared by 62.81% to -$180.31 in 2024, then surged by 100.76% to $1.37 in 2025, then advanced by 10.52% to $1.51 in 2026.
• The last three Debt to Equity figures came in at $1.51 (Q1 2026), $1.37 (Q4 2025), and $1.58 (Q3 2025), per Business Quant data.