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
DateValue
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