Xcel Energy (XEL) Non-Current Deferred Tax Liability (2009 - 2026)
Xcel Energy (XEL) reported Non-Current Deferred Tax Liability of $6.01 billion for Q2 2026, up 4.8% from $5.74 billion a year earlier and up 1.6% from the prior quarter.
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Analysis
Xcel Energy (XEL) Non-Current Deferred Tax Liability (2009 - 2026) Analysis & Trends
At the end of FY2025, Xcel Energy posted Non-Current Deferred Tax Liability of $6 billion, up 12.9% from FY2024.
- Non-Current Deferred Tax Liability has increased for three consecutive years, with a five-year compound annual growth rate of 4.8% (FY2020 to FY2025).
- By year, Non-Current Deferred Tax Liability came in at $5.32 billion in FY2024 (+8.9%), $4.89 billion in FY2023 (+2.7%), $4.76 billion in FY2022 (-2.8%) and $4.89 billion in FY2021 (+3.1%).
- The Q2 2026 figure ranks as the highest quarterly Non-Current Deferred Tax Liability since Q3 2017.
- Year over year, Non-Current Deferred Tax Liability has now increased in each of the last 11 quarters, with growth averaging 9.4% over the last eight quarters.
- The high point for year-over-year Non-Current Deferred Tax Liability in five years was Q3 2024 (growth of 16.5%); the low point was Q3 2022 (a decline of 3.1%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $5.92 billion (Q1 2026), $6 billion (Q4 2025) and $5.93 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Nextera Energy | 162.78 Bn | 152.72 Bn | - |
| 2 | Southern | 100.19 Bn | 91.25 Bn | 5.92 Bn |
| 3 | Duke Energy | 91.91 Bn | 88.50 Bn | 6.74 Bn |
| 4 | National Grid | 77.40 Bn | 49.69 Bn | - |
| 5 | American Electric Power | 68.36 Bn | 65.53 Bn | 3.84 Bn |
| 6 | Dominion Energy | 54.82 Bn | 52.81 Bn | - |
| 7 | Sempra | 53.87 Bn | 52.99 Bn | 2.89 Bn |
| 8 | Entergy | 48.18 Bn | 37.31 Bn | - |
| 9 | Xcel Energy | 46.63 Bn | 41.53 Bn | - |
| 10 | Exelon | 43.40 Bn | 38.71 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 6.01 Bn |
| Mar 31, 2026 | 5.92 Bn |
| Dec 31, 2025 | 6.00 Bn |
| Sep 30, 2025 | 5.93 Bn |
| Jun 30, 2025 | 5.74 Bn |
| Mar 31, 2025 | 5.37 Bn |
| Dec 31, 2024 | 5.32 Bn |
| Sep 30, 2024 | 5.48 Bn |
| Jun 30, 2024 | 5.28 Bn |
| Mar 31, 2024 | 5.11 Bn |
| Dec 31, 2023 | 4.89 Bn |
| Sep 30, 2023 | 4.70 Bn |
| Jun 30, 2023 | 4.66 Bn |
| Mar 31, 2023 | 4.73 Bn |
| Dec 31, 2022 | 4.76 Bn |
| Sep 30, 2022 | 4.76 Bn |
| Jun 30, 2022 | 4.71 Bn |
| Mar 31, 2022 | 4.82 Bn |
| Dec 31, 2021 | 4.89 Bn |
| Sep 30, 2021 | 4.91 Bn |
API Access
Xcel Energy Non-Current Deferred Tax Liability 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-deferred-tax-liability&ticker=XEL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "non-current-deferred-tax-liability", "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-deferred-tax-liability&ticker=XEL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();