Xcel Energy (XEL) Operations and Maintenance (2009 - 2026)
Xcel Energy's Operations and Maintenance came in at $759 million for Q3 2026, up 9.7% from $692 million a year earlier and up 9.8% from the prior quarter.
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Analysis
Xcel Energy (XEL) Operations and Maintenance (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Xcel Energy reported Operations and Maintenance of $2.8 billion, up 5.0% year-over-year; for FY2025, it was $2.73 billion, up 7.6% from FY2024.
- Operations and Maintenance carries a five-year compound annual growth rate of 3.3% (FY2020 to FY2025).
- Going back by year, Operations and Maintenance was $2.54 billion in FY2024 (+3.9%), $2.44 billion in FY2023 (-1.9%), $2.49 billion in FY2022 (+7.3%) and $2.32 billion in FY2021 (-0.1%).
- The Q3 2026 figure represents the highest quarterly Operations and Maintenance in data going back to Q2 2010.
- Year-over-year, Operations and Maintenance increased in seven of the last eight quarters, with growth averaging 6.0%.
- The fastest year-over-year change in Operations and Maintenance over five years came in Q4 2022 (growth of 16.7%), and the weakest in Q4 2023 (a decline of 12.7%).
- Business Quant data shows XEL's Operations and Maintenance at $691 million (Q2 2026), $675 million (Q1 2026) and $679 million (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | O&M (Qtr) |
|---|---|---|---|---|---|
| 1 | Wisconsin Electric Power | 99,216.00 Bn | 99,215.99 Bn | 911.30 Mn | - |
| 2 | Enel Chile | 301.57 Bn | 301.57 Bn | 1.33 Bn | - |
| 3 | Nextera Energy | 180.93 Bn | 179.04 Bn | - | 1.43 Bn |
| 4 | Southern | 109.04 Bn | 101.70 Bn | 7.31 Bn | 1.85 Bn |
| 5 | Duke Energy | 100.59 Bn | 99.24 Bn | 6.37 Bn | 1.37 Bn |
| 6 | National Grid | 86.94 Bn | 59.27 Bn | - | - |
| 7 | American Electric Power | 69.61 Bn | 68.67 Bn | 4.75 Bn | 35.25 Bn |
| 8 | Entergy | 53.37 Bn | 42.94 Bn | - | 832.88 Mn |
| 9 | Sempra | 51.29 Bn | 84.11 Bn | - | -1.22 Bn |
| 10 | Xcel Energy | 50.89 Bn | 44.36 Bn | - | 759.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 759.00 Mn |
| Jun 30, 2026 | 691.00 Mn |
| Mar 31, 2026 | 675.00 Mn |
| Dec 31, 2025 | 679.00 Mn |
| Sep 30, 2025 | 692.00 Mn |
| Jun 30, 2025 | 675.00 Mn |
| Mar 31, 2025 | 686.00 Mn |
| Dec 31, 2024 | 618.00 Mn |
| Sep 30, 2024 | 655.00 Mn |
| Jun 30, 2024 | 662.00 Mn |
| Mar 31, 2024 | 605.00 Mn |
| Dec 31, 2023 | 580.00 Mn |
| Sep 30, 2023 | 586.00 Mn |
| Jun 30, 2023 | 628.00 Mn |
| Mar 31, 2023 | 650.00 Mn |
| Dec 31, 2022 | 664.00 Mn |
| Sep 30, 2022 | 611.00 Mn |
| Jun 30, 2022 | 614.00 Mn |
| Mar 31, 2022 | 602.00 Mn |
| Dec 31, 2021 | 569.00 Mn |
API Access
Xcel Energy Operations and Maintenance 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=operations-and-maintenance&ticker=XEL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operations-and-maintenance", "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=operations-and-maintenance&ticker=XEL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();