Xcel Energy (XEL) Operating Income (2009 - 2026)
Xcel Energy (XEL) posted Operating Income of $706.0 million for Q2 2026, down 6.37% sequentially from $754.0 million in Q1 2026, and up 22.36% YoY from $577.0 million in Q2 2025.
Xcel Energy (XEL) Operating Income (2009 - 2026) Analysis & Trends
Xcel Energy has reported Operating Income for 18 years, with the latest figure at $706.0 million in Q2 2026.
- Quarterly Operating Income rose 22.36% year-over-year to $706.0 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $2.8 billion (up 11.03% YoY) and the FY2025 annual result came in at $2.6 billion, up 8.26% from the prior year.
- Operating Income retreated to $706.0 million in Q2 2026 per XEL's latest filing, from $754.0 million in the prior quarter.
- Over five years, Operating Income peaked at $924.0 million in Q3 2022 and troughed at $347.0 million in Q4 2024.
- A 5-year average of $629.9 million and a median of $578.5 million in 2025 frame the typical range for Operating Income.
- The sharpest annual moves came in 2024 and 2025: Operating Income plunged 39.65% in 2024, then surged 67.15% in 2025.
- Over 5 years, Operating Income stood at $525.0 million in 2022, then climbed by 9.52% to $575.0 million in 2023, then slumped by 39.65% to $347.0 million in 2024, then soared by 67.15% to $580.0 million in 2025, then gained by 21.72% to $706.0 million in 2026.
- According to Business Quant data, Operating Income over the past three periods registered $706.0 million, $754.0 million, and $580.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | National Grid | 78.98 Bn | 75.17 Bn | - | - |
| 2 | Dominion Energy | 58.74 Bn | 57.96 Bn | 3.50 Bn | 329.00 Mn |
| 3 | Xcel Energy | 47.92 Bn | 45.91 Bn | 3.12 Bn | 706.00 Mn |
| 4 | Wec Energy | 34.79 Bn | 34.74 Bn | 1.45 Bn | 432.80 Mn |
| 5 | Ameren | 29.52 Bn | 29.51 Bn | - | 459.00 Mn |
| 6 | Fortis | 28.08 Bn | 28.08 Bn | 1.60 Bn | 690.39 Mn |
| 7 | Edison International | 27.55 Bn | 27.31 Bn | 3.29 Bn | 1.09 Bn |
| 8 | Firstenergy | 26.66 Bn | 26.47 Bn | 2.51 Bn | 677.00 Mn |
| 9 | Hydro One | 24.05 Bn | 23.66 Bn | - | - |
| 10 | Cms Energy | 21.31 Bn | 21.07 Bn | 3.65 Bn | 754.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 706.00 Mn |
| Mar 31, 2026 | 754.00 Mn |
| Dec 31, 2025 | 580.00 Mn |
| Sep 30, 2025 | 749.00 Mn |
| Jun 30, 2025 | 577.00 Mn |
| Mar 31, 2025 | 677.00 Mn |
| Dec 31, 2024 | 347.00 Mn |
| Sep 30, 2024 | 911.00 Mn |
| Jun 30, 2024 | 449.00 Mn |
| Mar 31, 2024 | 679.00 Mn |
| Dec 31, 2023 | 575.00 Mn |
| Sep 30, 2023 | 915.00 Mn |
| Jun 30, 2023 | 418.00 Mn |
| Mar 31, 2023 | 573.00 Mn |
| Dec 31, 2022 | 525.00 Mn |
| Sep 30, 2022 | 924.00 Mn |
| Jun 30, 2022 | 469.00 Mn |
| Mar 31, 2022 | 510.00 Mn |
| Dec 31, 2021 | 426.00 Mn |
| Sep 30, 2021 | 825.00 Mn |