Xcel Energy (XELLL) Operating Expenses (2009 - 2026)

Xcel Energy has disclosed Operating Expenses across 18 years of filings, most recently posting $3.3 billion for Q1 2026.

• Operating Expenses for Q1 2026 came in at $3.3 billion, up 1.18% year-over-year; the trailing twelve-month figure through Mar 2026 was $12.1 billion (up 7.16% YoY), and the FY2025 annual result was $12.1 billion, up 9.33% from the prior year.
• Operating Expenses came in at $3.3 billion for Q1 2026 at Xcel Energy, up from $3.0 billion in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $3.5 billion in Q4 2022 to a low of $2.6 billion in Q2 2024.
• The 5-year median for Operating Expenses is $3.0 billion (2024), against an average of $3.0 billion.
• Across the five-year window, Operating Expenses gained 20.74% in 2022 and fell 18.74% in 2023, its largest moves.
• Xcel Energy's Operating Expenses stood at $3.5 billion in 2022, then slipped by 18.74% to $2.9 billion in 2023, then retreated by 3.28% to $2.8 billion in 2024, then advanced by 7.5% to $3.0 billion in 2025, then advanced by 9.59% to $3.3 billion in 2026.
• The last three Operating Expenses figures came in at $3.3 billion (Q1 2026), $3.0 billion (Q4 2025), and $3.2 billion (Q3 2025), per Business Quant data.