Xcel Energy (XEL) Operating Expenses (2009 - 2026)

Xcel Energy has disclosed Operating Expenses across 18 years of filings, most recently posting $2.4 billion for Q2 2026.

• In Q2 2026, Operating Expenses fell 10.96% year-over-year to $2.4 billion; the TTM figure through Jun 2026 stood at $11.8 billion (up 3.34% YoY), while the FY2025 annual figure was $12.1 billion, up 9.33% from the prior year.
• Operating Expenses came in at $2.4 billion for Q2 2026 at Xcel Energy, down from $3.3 billion in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $3.5 billion in Q4 2022 to a low of $2.4 billion in Q2 2026.
• Average Operating Expenses over 5 years is $3.0 billion, with a median of $3.0 billion recorded in 2022.
• Year-over-year, Operating Expenses advanced 20.74% in 2022 and retreated 18.74% in 2023.
• Over 5 years, Operating Expenses stood at $3.5 billion in 2022, then slipped by 18.74% to $2.9 billion in 2023, then retreated by 3.28% to $2.8 billion in 2024, then advanced by 7.5% to $3.0 billion in 2025, then fell by 19.05% to $2.4 billion in 2026.
• Per Business Quant data, the three most recent Operating Expenses figures were $2.4 billion in Q2 2026, $3.3 billion in Q1 2026, and $3.0 billion in Q4 2025.