Xcel Energy (XELLL) Operating Expenses (2009 - 2026)
Xcel Energy (XELLL) posted Operating Expenses of $3.3 billion for Q1 2026, up 9.59% sequentially from $3.0 billion in Q4 2025, and up 1.18% YoY from $3.2 billion in Q1 2025.
Xcel Energy (XELLL) Operating Expenses (2009 - 2026) Analysis & Trends
Xcel Energy (XELLL) has 18 years of Operating Expenses data on file, last reported at $3.3 billion in Q1 2026.
- Quarterly Operating Expenses rose 1.18% year-over-year to $3.3 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $12.1 billion (up 7.16% YoY) and the FY2025 annual result came in at $12.1 billion, up 9.33% from the prior year.
- Operating Expenses climbed to $3.3 billion in Q1 2026 per XELLL's latest filing, from $3.0 billion in the prior quarter.
- The five-year high for Operating Expenses was $3.5 billion in Q4 2022, with the low at $2.6 billion in Q2 2024.
- Average Operating Expenses over 5 years is $3.0 billion, with a median of $3.0 billion recorded in 2024.
- Year-over-year, Operating Expenses increased 20.74% in 2022 and dropped 18.74% in 2023.
- Xcel Energy's Operating Expenses stood at $3.5 billion in 2022, then fell by 18.74% to $2.9 billion in 2023, then dropped by 3.28% to $2.8 billion in 2024, then increased by 7.5% to $3.0 billion in 2025, then increased by 9.59% to $3.3 billion in 2026.
- Business Quant data shows XELLL's Operating Expenses at $3.3 billion in Q1 2026, $3.0 billion in Q4 2025, and $3.2 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Dominion Energy | 1,757.60 Bn | 1,761.80 Bn | 4.03 Bn | 3.63 Bn |
| 2 | Portland General Electric | 122.81 Bn | 122.64 Bn | 769.00 Mn | 216.00 Mn |
| 3 | Xcel Energy | 49.73 Bn | 47.83 Bn | 3.35 Bn | 3.27 Bn |
| 4 | Wec Energy | 37.85 Bn | 38.21 Bn | 2.83 Bn | 2.45 Bn |
| 5 | Wisconsin Electric Power | 35.43 Bn | 35.43 Bn | 1.04 Bn | 965.20 Mn |
| 6 | Ameren | 31.03 Bn | 31.14 Bn | 1.69 Bn | 1.64 Bn |
| 7 | Edison International | 28.30 Bn | 28.14 Bn | 3.85 Bn | 2.46 Bn |
| 8 | Firstenergy | 27.21 Bn | 28.58 Bn | 2.74 Bn | 3.37 Bn |
| 9 | Alliant Energy | 19.48 Bn | 18.92 Bn | 854.00 Mn | 867.00 Mn |
| 10 | Xcel Energy | - | - | 3.35 Bn | 3.27 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 3.27 Bn |
| Dec 31, 2025 | 2.98 Bn |
| Sep 30, 2025 | 3.17 Bn |
| Jun 30, 2025 | 2.71 Bn |
| Mar 31, 2025 | 3.23 Bn |
| Dec 31, 2024 | 2.77 Bn |
| Sep 30, 2024 | 2.73 Bn |
| Jun 30, 2024 | 2.58 Bn |
| Mar 31, 2024 | 2.97 Bn |
| Dec 31, 2023 | 2.87 Bn |
| Sep 30, 2023 | 2.75 Bn |
| Jun 30, 2023 | 2.60 Bn |
| Mar 31, 2023 | 3.51 Bn |
| Dec 31, 2022 | 3.53 Bn |
| Sep 30, 2022 | 3.16 Bn |
| Jun 30, 2022 | 2.96 Bn |
| Mar 31, 2022 | 3.24 Bn |
| Dec 31, 2021 | 2.92 Bn |
| Sep 30, 2021 | 2.64 Bn |
| Jun 30, 2021 | 2.63 Bn |