Financial Statements — XEL
Balance Sheet
(in billions USD)| Metric | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 1.76 | 1.05 | 1.45 | 1.12 | 1.55 | 1.60 | 0.50 | 0.59 | 0.28 | 0.11 | 0.12 | 0.34 | 0.09 | 0.63 | 0.54 | 1.04 |
| Accounts Receivable | 1.35 | 1.25 | 1.13 | 1.29 | 1.19 | 1.14 | 1.22 | 1.22 | 1.11 | 1.30 | 1.20 | 1.08 | 1.19 | 1.02 | 0.95 | 0.96 |
| Inventory | 0.71 | 0.72 | 0.67 | 0.63 | 0.64 | 0.62 | 0.62 | 0.69 | 0.63 | 0.58 | 0.87 | 0.65 | 0.51 | 0.59 | 0.50 | 0.47 |
| Total Current Assets | 5.88 | 5.68 | 5.67 | 5.37 | 5.47 | 5.70 | 4.49 | 4.40 | 4.20 | 4.25 | 5.09 | 4.84 | 4.02 | 4.49 | 4.15 | 4.32 |
| Property, Plant & Equipment | 67.81 | 63.13 | 60.75 | 58.81 | 55.32 | 53.89 | 52.77 | 50.61 | 49.66 | 48.90 | 47.29 | 46.54 | 45.84 | 44.73 | 44.14 | 43.58 |
| Total Non-current Assets* | 78.95 | 73.47 | 69.67 | 67.38 | 63.82 | 62.23 | 61.10 | 58.47 | 57.46 | 56.69 | 54.89 | 54.48 | 53.96 | 53.03 | 52.63 | 52.20 |
| Total Assets | 84.83 | 79.15 | 75.34 | 72.75 | 69.29 | 67.93 | 65.58 | 62.87 | 61.66 | 60.95 | 59.98 | 59.32 | 57.99 | 57.52 | 56.78 | 56.51 |
| Accounts Payable | 2.26 | 2.33 | 2.10 | 1.94 | 1.71 | 1.55 | 1.46 | 1.45 | 1.31 | 1.34 | 1.59 | 1.59 | 1.26 | 1.32 | 1.27 | 1.21 |
| Short-term Debt | 1.48 | 1.33 | 0.82 | 0.72 | 0.10 | 0.80 | 0.46 | 0.00 | 0.54 | 1.08 | 0.16 | 0.14 | 1.00 | 1.75 | 1.75 | 1.48 |
| Total Current Liabilities | 7.64 | 7.15 | 5.89 | 6.74 | 5.86 | 5.90 | 5.21 | 5.07 | 5.23 | 5.66 | 4.90 | 4.87 | 5.35 | 5.76 | 4.95 | 4.88 |
| Long-term Debt | 35.55 | 32.03 | 31.35 | 30.50 | 28.58 | 28.57 | 26.95 | 25.96 | 25.07 | 23.72 | 23.96 | 23.86 | 22.39 | 21.60 | 21.50 | 21.49 |
| Total Non-current Liabilities* | 53.39 | 50.83 | 48.49 | 46.20 | 44.08 | 44.07 | 42.53 | 40.49 | 39.51 | 38.47 | 38.69 | 38.48 | 36.90 | 36.58 | 37.04 | 36.93 |
| Total Liabilities* | 61.02 | 57.97 | 54.38 | 52.95 | 49.93 | 49.97 | 47.74 | 45.56 | 44.74 | 44.13 | 43.59 | 43.35 | 42.25 | 42.35 | 41.99 | 41.81 |
| Retained Earnings | 9.39 | 8.99 | 8.81 | 8.71 | 8.41 | 8.04 | 8.04 | 7.74 | 7.37 | 7.37 | 7.13 | 6.75 | 6.69 | 6.51 | 6.15 | 6.08 |
| Total Stockholder Equity | 23.81 | 21.18 | 20.96 | 19.80 | 19.35 | 17.95 | 17.84 | 17.31 | 16.91 | 16.82 | 16.38 | 15.97 | 15.73 | 15.17 | 14.79 | 14.70 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Operating Income | 754.00 | 580.00 | 749.00 | 577.00 | 677.00 | 347.00 | 911.00 | 449.00 | 679.00 | 575.00 | 915.00 | 418.00 | 573.00 | 525.00 | 924.00 | 469.00 | 510.00 | 433.00 | 825.00 | 438.00 |
| Interest Expense | 412.00 | 403.00 | 384.00 | 349.00 | 332.00 | 319.00 | 326.00 | 319.00 | 291.00 | 265.00 | 269.00 | 268.00 | 253.00 | 248.00 | 244.00 | 247.00 | 214.00 | 214.00 | 211.00 | 212.00 |
| Pretax Income | 509.00 | 435.00 | 532.00 | 384.00 | 422.00 | 167.00 | 692.00 | 214.00 | 461.00 | 364.00 | 696.00 | 200.00 | 365.00 | 324.00 | 693.00 | 254.00 | 330.00 | 262.00 | 652.00 | 273.00 |
| Tax Provision | (47.00) | (132.00) | 8.00 | (60.00) | (61.00) | (297.00) | 10.00 | (88.00) | (27.00) | (45.00) | 40.00 | (88.00) | (53.00) | (55.00) | 44.00 | (74.00) | (50.00) | (53.00) | 43.00 | (38.00) |
| Net Income | 556.00 | 567.00 | 524.00 | 444.00 | 483.00 | 464.00 | 682.00 | 302.00 | 488.00 | 409.00 | 656.00 | 288.00 | 418.00 | 379.00 | 649.00 | 328.00 | 380.00 | 315.00 | 609.00 | 311.00 |
| Basic EPS | 0.89 | 0.96 | 0.88 | 0.76 | 0.84 | 0.81 | 1.21 | 0.54 | 0.88 | 0.74 | 1.19 | 0.52 | 0.76 | 0.69 | 1.19 | 0.60 | 0.70 | 0.58 | 1.13 | 0.58 |
| Diluted EPS | 0.89 | 0.95 | 0.88 | 0.75 | 0.84 | 0.81 | 1.21 | 0.54 | 0.88 | 0.74 | 1.19 | 0.52 | 0.76 | 0.69 | 1.18 | 0.60 | 0.70 | 0.58 | 1.13 | 0.58 |
Cash Flow Statement
(in billions USD)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Operating Cash Flow | 1.70 | 0.21 | 1.77 | 1.08 | 1.03 | 0.66 | 1.74 | 1.19 | 1.05 | 0.97 | 1.90 | 0.92 | 1.54 | 0.77 | 1.18 | 0.85 | 1.14 | 0.61 | 1.09 | 0.63 |
| Capital Expenditures | 3.02 | 3.44 | 3.06 | 2.43 | 1.99 | 2.22 | 1.78 | 1.83 | 1.54 | 1.61 | 1.64 | 1.33 | 1.26 | 1.31 | 1.29 | 1.10 | 0.94 | 1.21 | 1.07 | 0.94 |
| Free Cash Flow* | (1.32) | (3.23) | (1.29) | (1.35) | (0.96) | (1.55) | (0.04) | (0.64) | (0.49) | (0.64) | 0.26 | (0.42) | 0.27 | (0.55) | (0.11) | (0.25) | 0.20 | (0.60) | 0.03 | (0.32) |
| Investing Cash Flow | (3.02) | (3.48) | (3.06) | (2.44) | (1.99) | (2.23) | (1.79) | (1.85) | (1.56) | (1.63) | (1.65) | (1.35) | (1.28) | (1.33) | (1.27) | (1.10) | (0.95) | (1.22) | (0.86) | (1.17) |
| Financing Cash Flow | 2.81 | 2.49 | 0.90 | 1.69 | 1.91 | 0.20 | 0.00 | 1.75 | 0.88 | 0.20 | 0.07 | 0.60 | (0.25) | 0.56 | (0.13) | 0.50 | (0.26) | 0.15 | (0.13) | 0.04 |
* Derived from reported values
Dividends Per Share
(USD)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2019 | Q1
2019 | Q4
2018 | Q3
2018 | Q2
2018 | Q1
2018 | Q4
2017 | Q3
2017 | Q2
2017 | Q1
2017 | Q4
2016 | Q3
2016 | Q2
2016 |
|---|
| Dividends Per Share | 0.59 | 0.57 | 0.57 | 0.55 | 0.57 | 0.52 | 0.52 | 0.41 | 0.41 | 0.38 | 0.38 | 0.38 | 0.38 | 0.36 | 0.36 | 0.36 | 0.36 | 0.34 | 0.34 | 0.34 |
