Xcel Energy (XEL) Tax Provisions (2009 - 2026)

Xcel Energy (XEL) reported Tax Provisions of -$47.0 million for Q1 2026, up 22.95% on a YoY basis from -$38.2 million in Q1 2025, and up 64.39% sequentially from -$132.0 million in Q4 2025.

Xcel Energy (XEL) Tax Provisions (2009 - 2026) Analysis & Trends

Xcel Energy (XEL) has 18 years of Tax Provisions data on file, last reported at -$47.0 million in Q1 2026.

  • For the quarter ending Q1 2026, Tax Provisions rose 22.95% year-over-year to -$47.0 million; the trailing twelve-month figure through Mar 2026 stood at -$231.0 million (up 47.02% YoY), and the FY2025 full-year result was -$245.0 million, up 39.05% from the prior year.
  • Tax Provisions climbed to -$47.0 million in Q1 2026, from -$132.0 million in the prior quarter.
  • In the past five years, Tax Provisions ranged from a high of $44.0 million in Q3 2022 to a low of -$297.0 million in Q4 2024.
  • A 5-year average of -$57.4 million and a median of -$53.0 million in 2023 frame the typical range for Tax Provisions.
  • Across the five-year window, Tax Provisions slumped 560.0% in 2024 and surged 55.56% in 2025, its largest moves.
  • Tracing XEL's Tax Provisions over 5 years: stood at -$55.0 million in 2022, then gained by 18.18% to -$45.0 million in 2023, then tumbled by 560.0% to -$297.0 million in 2024, then surged by 55.56% to -$132.0 million in 2025, then surged by 64.39% to -$47.0 million in 2026.
  • Business Quant data shows XEL's Tax Provisions at -$47.0 million in Q1 2026, -$132.0 million in Q4 2025, and $8.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Taxes (Qtr)
1 Fortis 462,782.01 Bn 462,783.29 Bn 1.70 Bn 81.67 Mn
2 Dominion Energy 62.80 Bn 67.01 Bn - 175.00 Mn
3 Xcel Energy 50.41 Bn 48.65 Bn 4.02 Bn -47.00 Mn
4 Wec Energy 37.36 Bn 37.32 Bn 2.04 Bn 53.10 Mn
5 Energy Co Of Parana 34.84 Bn 34.18 Bn - -
6 Ameren 31.32 Bn 31.43 Bn - 60.00 Mn
7 Edison International 30.65 Bn 30.49 Bn - 682.00 Mn
8 Firstenergy 28.61 Bn 29.98 Bn 2.74 Bn 138.00 Mn
9 Hydro One 25.14 Bn 25.13 Bn - 29.90 Mn
10 Cms Energy 22.72 Bn 23.22 Bn 2.28 Bn 85.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -47.00 Mn
Dec 31, 2025 -132.00 Mn
Sep 30, 2025 8.00 Mn
Jun 30, 2025 -60.00 Mn
Mar 31, 2025 -61.00 Mn
Dec 31, 2024 -297.00 Mn
Sep 30, 2024 10.00 Mn
Jun 30, 2024 -88.00 Mn
Mar 31, 2024 -27.00 Mn
Dec 31, 2023 -45.00 Mn
Sep 30, 2023 40.00 Mn
Jun 30, 2023 -88.00 Mn
Mar 31, 2023 -53.00 Mn
Dec 31, 2022 -55.00 Mn
Sep 30, 2022 44.00 Mn
Jun 30, 2022 -74.00 Mn
Mar 31, 2022 -50.00 Mn
Dec 31, 2021 -53.00 Mn
Sep 30, 2021 43.00 Mn
Jun 30, 2021 -38.00 Mn