Xcel Energy (XEL) Deferred Taxes (2009 - 2026)
Xcel Energy (XEL) posted Deferred Taxes of -$23.0 million for Q2 2026, down 360.0% sequentially from -$5.0 million in Q1 2026, and down 108.55% YoY from $269.0 million in Q2 2025.
Xcel Energy (XEL) Deferred Taxes (2009 - 2026) Analysis & Trends
Xcel Energy has reported Deferred Taxes for 18 years, with the latest figure at -$23.0 million in Q2 2026.
- Quarterly Deferred Taxes fell 108.55% year-over-year to -$23.0 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $104.0 million (down 53.15% YoY) and the FY2025 annual result came in at $414.0 million, up 84.0% from the prior year.
- Deferred Taxes declined to -$23.0 million in Q2 2026 per XEL's latest filing, from -$5.0 million in the prior quarter.
- Over five years, Deferred Taxes peaked at $269.0 million in Q2 2025 and troughed at -$181.0 million in Q4 2024.
- A 5-year average of $22.9 million and a median of $16.0 million in 2023 frame the typical range for Deferred Taxes.
- The widest YoY moves for Deferred Taxes: up 536.84% in 2024, down 258.77% in 2024.
- Over 5 years, Deferred Taxes stood at -$55.0 million in 2022, then jumped by 307.27% to $114.0 million in 2023, then plunged by 258.77% to -$181.0 million in 2024, then surged by 110.5% to $19.0 million in 2025, then sank by 221.05% to -$23.0 million in 2026.
- According to Business Quant data, Deferred Taxes over the past three periods registered -$23.0 million, -$5.0 million, and $19.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | National Grid | 78.90 Bn | 75.09 Bn | - | - |
| 2 | Dominion Energy | 58.67 Bn | 57.89 Bn | 3.50 Bn | 32.00 Mn |
| 3 | Xcel Energy | 47.67 Bn | 45.66 Bn | 3.12 Bn | -23.00 Mn |
| 4 | Wec Energy | 34.64 Bn | 34.59 Bn | 1.45 Bn | 162.10 Mn |
| 5 | Ameren | 29.42 Bn | 29.40 Bn | - | 71.00 Mn |
| 6 | Fortis | 28.02 Bn | 28.02 Bn | 1.60 Bn | 24.58 Mn |
| 7 | Edison International | 27.47 Bn | 27.23 Bn | 3.29 Bn | - |
| 8 | Firstenergy | 26.62 Bn | 26.43 Bn | 2.51 Bn | 79.00 Mn |
| 9 | Hydro One | 24.05 Bn | 23.66 Bn | - | 30.36 Mn |
| 10 | Cms Energy | 21.23 Bn | 20.99 Bn | 3.65 Bn | 114.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Sep 30, 2021 | 58.00 Mn |