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

Xcel Energy (XEL) has 18 years of Operating Expenses data on file, last reported at $3.3 billion in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses rose 1.18% year-over-year to $3.3 billion; the trailing twelve-month figure through Mar 2026 stood at $12.1 billion (up 7.16% YoY), and the FY2025 full-year result was $12.1 billion, up 9.33% from the prior year.
• Operating Expenses climbed to $3.3 billion in Q1 2026, from $3.0 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 $2.6 billion in Q2 2024.
• A 5-year average of $3.0 billion and a median of $3.0 billion in 2024 frame the typical range for Operating Expenses.
• Across the five-year window, Operating Expenses gained 20.74% in 2022 and fell 18.74% in 2023, its largest moves.
• Tracing XEL's Operating Expenses over 5 years: stood at $3.5 billion in 2022, then decreased by 18.74% to $2.9 billion in 2023, then fell by 3.28% to $2.8 billion in 2024, then gained by 7.5% to $3.0 billion in 2025, then gained by 9.59% to $3.3 billion in 2026.
• Business Quant data shows XEL's Operating Expenses at $3.3 billion in Q1 2026, $3.0 billion in Q4 2025, and $3.2 billion in Q3 2025.