Xcel Energy (XEL) Deferred Taxes (2009 - 2026)
Xcel Energy (XEL) recorded Deferred Taxes of $430 million in Q3 2026, up 280.5% from $113 million a year earlier.
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Analysis
Xcel Energy (XEL) Deferred Taxes (2009 - 2026) Analysis & Trends
On a TTM basis, Xcel Energy's Deferred Taxes came in at $421 million as of Sep 30, 2026, up 96.7% year-over-year; for FY2025, it came in at $414 million, up 84.0% from FY2024.
- Across earlier years, Deferred Taxes came in at $225 million in FY2024, -$59 million in FY2023, -$140 million in FY2022 and -$79 million in FY2021.
- The Q3 2026 figure is the highest quarterly Deferred Taxes in data going back to Q1 2009.
- On a year-over-year basis, Deferred Taxes rose in two of the last four quarters, with growth averaging 71.9%.
- Per Business Quant, the preceding three quarters came in at -$23 million (Q2 2026), -$5 million (Q1 2026) and $19 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Wisconsin Electric Power | 99,216.00 Bn | 99,215.99 Bn | 911.30 Mn | 71.50 Mn |
| 2 | Enel Chile | 301.57 Bn | 301.57 Bn | 1.33 Bn | - |
| 3 | Nextera Energy | 180.93 Bn | 179.04 Bn | - | 1.08 Bn |
| 4 | Southern | 109.04 Bn | 101.70 Bn | 7.31 Bn | 150.00 Mn |
| 5 | Duke Energy | 100.59 Bn | 99.24 Bn | 6.37 Bn | 507.00 Mn |
| 6 | National Grid | 86.94 Bn | 59.27 Bn | - | - |
| 7 | American Electric Power | 69.61 Bn | 68.67 Bn | 4.75 Bn | 183.00 Mn |
| 8 | Entergy | 53.37 Bn | 42.94 Bn | - | 500.81 Mn |
| 9 | Sempra | 51.29 Bn | 84.11 Bn | - | -123.00 Mn |
| 10 | Xcel Energy | 50.89 Bn | 44.36 Bn | - | 430.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 430.00 Mn |
| Jun 30, 2026 | -23.00 Mn |
| Mar 31, 2026 | -5.00 Mn |
| Dec 31, 2025 | 19.00 Mn |
| Sep 30, 2025 | 113.00 Mn |
| Jun 30, 2025 | 269.00 Mn |
| Mar 31, 2025 | 13.00 Mn |
| Dec 31, 2024 | -181.00 Mn |
| Sep 30, 2024 | 121.00 Mn |
| Jun 30, 2024 | 131.00 Mn |
| Mar 31, 2024 | 154.00 Mn |
| Dec 31, 2023 | 114.00 Mn |
| Sep 30, 2023 | 19.00 Mn |
| Jun 30, 2023 | -119.00 Mn |
| Mar 31, 2023 | -73.00 Mn |
| Dec 31, 2022 | -55.00 Mn |
| Sep 30, 2022 | 50.00 Mn |
| Jun 30, 2022 | -80.00 Mn |
| Mar 31, 2022 | -55.00 Mn |
| Dec 31, 2021 | -70.00 Mn |
API Access
Xcel Energy Deferred Taxes 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=deferred-taxes&ticker=XEL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "deferred-taxes", "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=deferred-taxes&ticker=XEL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();