Regulated Electric was the largest of Xcel Energy Inc’s 3 reported lines in fiscal 2025, at $24.32B — 83% of $29.34B.
| Segment | FY 2009 | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Regulated Electric | $24.25B | $22.89B | $22.29B | $24.32B | |||||||||
| The Core Operations Of The Regulated Electric Utility Segment Consists Of The Generation, Transmission, & Distribution Of Electricity. In Addition, This Segment Includes Sales For Resale And Provides Wholesale Transmission Service To Other Entities | — | — | — | — | |||||||||
| Regulated Natural Gas | $6.16B | $5.29B | $4.46B | $4.90B | |||||||||
| The Operations Of The Regulated Natural Gas Utility Segment Consists Of The Transporting, Storing, & Distributing Natural Gas In Certain Markets Serviced By The Entity | — | — | — | — | |||||||||
| All Other | $214.00M | $230.00M | $128.00M | $114.00M | |||||||||
| Operating Revenues From External Customers | — | — | — | — | |||||||||
| Total | $30.62B | $28.41B | $26.88B | $29.34B |
In fiscal 2025, which ended December 31, 2025, the 3 segments Xcel Energy Inc reported in this breakdown added up to $29.34B. That was up 9.1% from $26.88B in fiscal 2024. Regulated Electric was the largest segment, at $24.32B or 82.9% of the total, followed by Regulated Natural Gas ($4.90B, 16.7%) and All Other ($114.00M, 0.4%). Together, the two largest segments made up 99.6% of this total.
Compared with fiscal 2024, Regulated Natural Gas grew the fastest, rising 10.0% to $4.90B. Over fiscal 2022 to 2025, revenue across these segments went from $30.62B to $29.34B, a compound annual decline of 1.4%. Regulated Electric's share of the total rose from 79.2% to 82.9% over the same years.
The table also keeps 3 segments that Xcel Energy Inc no longer reports, so earlier years can still be read on their original basis; use "Show 3 discontinued" beneath the table to see them. This breakdown covers 13 fiscal years between 2009 and 2025, as reported in Xcel Energy Inc's annual filings.
Electricity, Us Regulated was the largest of Xcel Energy Inc’s 3 reported lines in fiscal 2017, at $19.35B — 85% of $22.81B.
| Product and Service | FY 2016 | FY 2017 |
|---|---|---|
| Electricity, Us Regulated | $19.00B | $19.35B |
| Natural Gas, Us Regulated | $3.06B | $3.30B |
| Product & Service, Other | $152.00M | $156.00M |
| Total | $22.21B | $22.81B |
In fiscal 2017, which ended December 31, 2017, the 3 revenue lines Xcel Energy Inc reported in this breakdown added up to $22.81B. That was up 2.7% from $22.21B in fiscal 2016. Electricity, Us Regulated was the largest revenue line, at $19.35B or 84.8% of the total, followed by Natural Gas, Us Regulated ($3.30B, 14.5%) and Product & Service, Other ($156.00M, 0.7%). Together, the two largest revenue lines made up 99.3% of this total.
Compared with fiscal 2016, Natural Gas, Us Regulated grew the fastest, rising 7.8% to $3.30B.
This breakdown covers every fiscal year from 2016 to 2017, as reported in Xcel Energy Inc's annual filings.
Regulated Electric was the largest of Xcel Energy Inc’s 4 reported lines in fiscal 2008, at $17.37B — 78% of $22.41B.
| Segment Reporting Information, by Segment | FY 2008 |
|---|---|
| Regulated Electric | $17.37B |
| Regulated Natural Gas | $4.90B |
| All Other | $154.35M |
| Reconciling Eliminations | -$15.53M |
| Total | $22.41B |
In fiscal 2008, which ended December 31, 2008, the 4 segments Xcel Energy Inc reported in this breakdown added up to $22.41B. Regulated Electric was the largest segment, at $17.37B or 77.5% of the total, followed by Regulated Natural Gas ($4.90B, 21.9%) and All Other ($154.35M, 0.7%). Together, the two largest segments made up 99.4% of this total.
Figures are shown as reported, so the total is net of Reconciling Eliminations, which was -$15.53M in fiscal 2008. This breakdown covers every fiscal year from 2008 to 2008, as reported in Xcel Energy Inc's annual filings.
Xcel Energy Inc (XEL) breaks its revenue down by segment and revenue line. In fiscal 2025, its largest segment was Regulated Electric, with $24.32B or 82.9% of the total, followed by Regulated Natural Gas at $4.90B (16.7%).
Regulated Electric was Xcel Energy Inc's largest segment in fiscal 2025, with $24.32B in revenue, 82.9% of the $29.34B reported across its 3 segments.
Electricity, Us Regulated was Xcel Energy Inc's largest revenue line in fiscal 2017, with $19.35B in revenue, 84.8% of the $22.81B reported across its 3 revenue lines.
Of the Xcel Energy Inc segments reported in both fiscal 2024 and fiscal 2025, and making up at least 2% of the total, Regulated Natural Gas grew the fastest, rising 10.0% from $4.46B to $4.90B.
Every figure is taken from Xcel Energy Inc's annual financial filings and shown as reported: each line keeps the name the company gives it, years follow its own fiscal calendar, and lines it has stopped reporting stay in the table for the years they were reported.
The breakdown by segment covers fiscal 2009 to 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.