Xcel Energy (XEL) Total Debt (2009 - 2026)
Xcel Energy's Total Debt came in at $39.46 billion for Q2 2026, up 22.7% from $32.17 billion a year earlier and up 6.5% from the prior quarter.
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Analysis
Xcel Energy (XEL) Total Debt (2009 - 2026) Analysis & Trends
At the end of FY2025, Xcel Energy's Total Debt was $33.88 billion, up 16.4% from FY2024.
- Total Debt has increased in each of the last 16 years, with a five-year compound annual growth rate of 10.4% (FY2020 to FY2025).
- Going back by year, Total Debt was $29.11 billion in FY2024 (+10.9%), $26.25 billion in FY2023 (+5.9%), $24.78 billion in FY2022 (+6.0%) and $23.39 billion in FY2021 (+13.2%).
- The Q2 2026 figure represents the highest quarterly Total Debt in data going back to Q2 2009.
- Year-over-year, Total Debt has increased for 65 consecutive quarters, with growth averaging 14.8% over the last eight quarters.
- Over the past five years, the year-over-year growth in Total Debt ranged from 1.8% (Q1 2022) to 22.7% (Q2 2026).
- Business Quant data shows XEL's Total Debt at $37.03 billion (Q1 2026), $33.88 billion (Q4 2025) and $33.37 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 293.96 Bn | 293.96 Bn | 890.00 Mn | - |
| 2 | National Grid | 77.93 Bn | 59.46 Bn | - | -6.27 Bn |
| 3 | Dominion Energy | 53.37 Bn | 56.05 Bn | - | 53.22 Bn |
| 4 | Xcel Energy | 44.14 Bn | 39.04 Bn | - | 39.46 Bn |
| 5 | Wec Energy | 33.42 Bn | 33.65 Bn | 1.51 Bn | 22.56 Bn |
| 6 | Ameren | 27.75 Bn | 27.83 Bn | - | 21.81 Bn |
| 7 | Fortis | 26.92 Bn | 27.40 Bn | 1.60 Bn | 26.01 Bn |
| 8 | Atmos Energy | 26.63 Bn | 25.40 Bn | 870.85 Mn | 10.25 Bn |
| 9 | American Water Works Company | 25.79 Bn | 25.20 Bn | - | 15.99 Bn |
| 10 | Dte Energy | 25.46 Bn | 24.94 Bn | - | 27.58 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 39.46 Bn |
| Mar 31, 2026 | 37.03 Bn |
| Dec 31, 2025 | 33.88 Bn |
| Sep 30, 2025 | 33.37 Bn |
| Jun 30, 2025 | 32.17 Bn |
| Mar 31, 2025 | 31.22 Bn |
| Dec 31, 2024 | 29.11 Bn |
| Sep 30, 2024 | 28.67 Bn |
| Jun 30, 2024 | 29.37 Bn |
| Mar 31, 2024 | 27.41 Bn |
| Dec 31, 2023 | 26.25 Bn |
| Sep 30, 2023 | 25.96 Bn |
| Jun 30, 2023 | 25.61 Bn |
| Mar 31, 2023 | 24.80 Bn |
| Dec 31, 2022 | 24.78 Bn |
| Sep 30, 2022 | 24.12 Bn |
| Jun 30, 2022 | 23.99 Bn |
| Mar 31, 2022 | 23.38 Bn |
| Dec 31, 2021 | 23.39 Bn |
| Sep 30, 2021 | 23.35 Bn |
API Access
Xcel Energy Total Debt 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=total-debt&ticker=XEL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-debt", "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=total-debt&ticker=XEL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();