Xcel Energy (XEL) EBITDA Margin (2009 - 2026)

Xcel Energy (XEL) posted EBITDA Margin of 22.64% for Q2 2026, up 20.71% sequentially from 18.75% in Q1 2026, and up 508.0% YoY from 3.72% in Q2 2025.

Xcel Energy (XEL) EBITDA Margin (2009 - 2026) Analysis & Trends

Xcel Energy has reported EBITDA Margin for 18 years, with the latest figure at 22.64% in Q2 2026.

Quarterly EBITDA Margin rose 508.0% year-over-year to 22.64% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 19.08% (up 108.0% YoY) and the FY2025 annual result came in at 17.61%, down 14.0% from the prior year.
EBITDA Margin climbed to 22.64% in Q2 2026 per XEL's latest filing, from 18.75% in the prior quarter.
Over five years, EBITDA Margin peaked at 25.0% in Q3 2024 and troughed at 11.12% in Q4 2024.
A 5-year average of 17.43% and a median of 17.02% in 2023 frame the typical range for EBITDA Margin.
The widest YoY moves for EBITDA Margin: up 517 bps in 2025, down 587 bps in 2025.
Over 5 years, EBITDA Margin stood at 12.95% in 2022, then rose by 29 bps to 16.71% in 2023, then slumped by 33 bps to 11.12% in 2024, then jumped by 46 bps to 16.29% in 2025, then soared by 39 bps to 22.64% in 2026.
According to Business Quant data, EBITDA Margin over the past three periods registered 22.64%, 18.75%, and 16.29% for Q2 2026, Q1 2026, and Q4 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	EBITDA Margin (Qtr)
1	National Grid	79.78 Bn	75.97 Bn	-	-
2	Dominion Energy	59.31 Bn	58.52 Bn	3.50 Bn	7.41%
3	Xcel Energy	49.23 Bn	47.22 Bn	3.12 Bn	22.64%
4	Wec Energy	35.31 Bn	35.26 Bn	1.45 Bn	20.99%
5	Ameren	30.14 Bn	30.13 Bn	-	21.94%
6	Edison International	28.79 Bn	28.54 Bn	3.29 Bn	25.06%
7	Fortis	28.70 Bn	28.70 Bn	1.60 Bn	48.55%
8	Firstenergy	27.31 Bn	27.12 Bn	2.51 Bn	29.93%
9	Hydro One	24.05 Bn	23.66 Bn	-	-
10	Cms Energy	21.67 Bn	21.43 Bn	3.65 Bn	16.54%

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