Xcel Energy (XEL) Non-Current Debt (2009 - 2026)
Xcel Energy's Non-Current Debt was $35.95 billion in Q2 2026, up 15.6% from $31.1 billion a year earlier and up 4.0% from the prior quarter.
Powered by 
Analysis
Xcel Energy (XEL) Non-Current Debt (2009 - 2026) Analysis & Trends
At the end of FY2025, Non-Current Debt at Xcel Energy came in at $31.83 billion, up 16.5% from FY2024.
- Non-Current Debt has now increased for 14 consecutive years, with a five-year compound annual growth rate of 10.1% (FY2020 to FY2025).
- In earlier years, Non-Current Debt was $27.32 billion in FY2024 (+9.6%), $24.91 billion in FY2023 (+9.2%), $22.81 billion in FY2022 (+4.7%) and $21.78 billion in FY2021 (+10.9%).
- The Q2 2026 figure marks the highest quarterly Non-Current Debt in data going back to Q2 2009.
- Compared with a year earlier, Non-Current Debt has increased for 56 straight quarters, with growth averaging 13.7% over the last eight quarters.
- Over the past five years, the year-over-year growth in Non-Current Debt ranged from 0.3% (Q1 2022) to 17.5% (Q1 2026).
- Per Business Quant data, XEL's Non-Current Debt in the three quarters before Q2 2026 was $34.55 billion (Q1 2026), $31.83 billion (Q4 2025) and $32.03 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non-Current Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 293.96 Bn | 293.96 Bn | 890.00 Mn | - |
| 2 | National Grid | 77.93 Bn | 59.46 Bn | - | -5.26 Bn |
| 3 | Dominion Energy | 53.37 Bn | 56.05 Bn | - | 46.72 Bn |
| 4 | Xcel Energy | 44.14 Bn | 39.04 Bn | - | 35.95 Bn |
| 5 | Wec Energy | 33.42 Bn | 33.65 Bn | 1.51 Bn | 19.22 Bn |
| 6 | Ameren | 27.75 Bn | 27.83 Bn | - | 19.06 Bn |
| 7 | Fortis | 26.92 Bn | 27.40 Bn | 1.60 Bn | 23.53 Bn |
| 8 | Atmos Energy | 26.63 Bn | 25.40 Bn | 870.85 Mn | 9.75 Bn |
| 9 | American Water Works Company | 25.79 Bn | 25.20 Bn | - | 14.05 Bn |
| 10 | Dte Energy | 25.46 Bn | 24.94 Bn | - | 25.90 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 35.95 Bn |
| Mar 31, 2026 | 34.55 Bn |
| Dec 31, 2025 | 31.83 Bn |
| Sep 30, 2025 | 32.03 Bn |
| Jun 30, 2025 | 31.10 Bn |
| Mar 31, 2025 | 29.40 Bn |
| Dec 31, 2024 | 27.32 Bn |
| Sep 30, 2024 | 27.47 Bn |
| Jun 30, 2024 | 27.72 Bn |
| Mar 31, 2024 | 26.40 Bn |
| Dec 31, 2023 | 24.91 Bn |
| Sep 30, 2023 | 24.91 Bn |
| Jun 30, 2023 | 24.02 Bn |
| Mar 31, 2023 | 22.82 Bn |
| Dec 31, 2022 | 22.81 Bn |
| Sep 30, 2022 | 23.31 Bn |
| Jun 30, 2022 | 23.21 Bn |
| Mar 31, 2022 | 21.53 Bn |
| Dec 31, 2021 | 21.78 Bn |
| Sep 30, 2021 | 20.98 Bn |
API Access
Xcel Energy Non-Current Debt 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=non-current-debt&ticker=XEL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "non-current-debt", "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=non-current-debt&ticker=XEL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();