Tearsheet

Xcel Energy (XEL)

Market Price (1/13/2026): $73.87 | Market Cap: $43.7 Bil
Sector: Utilities | Industry: Multi-Utilities

Xcel Energy (XEL)

Market Price (1/13/2026): $73.87
Market Cap: $43.7 Bil
Sector: Utilities
Industry: Multi-Utilities

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.2%, Dividend Yield is 2.9%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.1%	Weak multi-year price returns 2Y Excs Rtn is -22%, 3Y Excs Rtn is -65%	Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 79%
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 32%, CFO LTM is 4.5 Bil		Weak revenue growth Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.8%
2	Low stock price volatility Vol 12M is 20%		Not cash flow generative FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -36%
3	Megatrend and thematic drivers Megatrends include Renewable Energy Transition. Themes include Wind Energy Development, Solar Energy Generation, and Battery Storage & Grid Modernization.		Key risks XEL key risks include [1] significant and escalating wildfire liabilities stemming from recent major incidents and [2] a heavy debt load creating potential liquidity concerns.

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.2%, Dividend Yield is 2.9%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.1%
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 32%, CFO LTM is 4.5 Bil
2	Low stock price volatility Vol 12M is 20%
3	Megatrend and thematic drivers Megatrends include Renewable Energy Transition. Themes include Wind Energy Development, Solar Energy Generation, and Battery Storage & Grid Modernization.
4	Weak multi-year price returns 2Y Excs Rtn is -22%, 3Y Excs Rtn is -65%
5	Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 79%
6	Weak revenue growth Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.8%
7	Not cash flow generative FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -36%
8	Key risks XEL key risks include [1] significant and escalating wildfire liabilities stemming from recent major incidents and [2] a heavy debt load creating potential liquidity concerns.

Valuation, Metrics & Events

	1/13/26	2025	2024	2023	2022	2021
Share Price CYE	$73.87	$73.86	$67.52	$61.91	$70.11	$67.70
Market Cap CYE ($ Bil)	43.7	43.7	38.1	34.2	38.4	36.5
Total Debt ($ Bil)	35.5	35.5	29.8	27.1	25.3	24.8
Total Cash ($ Bil)	1.1	1.1	1.5	0.6	0.1	0.6
Enterprise Value ($ Bil)	78.2	79.2	67.9	61.3	63.7	61.3
Valuation Ratios
P/S TTM	3.1	3.1	2.8	2.3	2.6	2.8
P/EBIT TTM	15.7	15.7	13.3	13.1	15.9	15.8
P/E TTM	22.8	22.8	20.2	19.6	23.0	23.2
P/FCF TTM	-8.5	-8.5	-21.0	-78.6	-50.6	-14.8
Sector Ratios
P/S TTM (Sector)	2.7	2.7	2.4	2.1	2.3	2.6
P/EBIT TTM (Sector)	10.1	10.1	10.0	10.1	12.5	12.5
P/E TTM (Sector)	18.2	18.3	18.6	17.5	20.0	20.6
P/FCF TTM (Sector)	-14.7	-14.3	-12.1	-13.6	-16.7	-16.0

	1/13/26	2025	2024
Share Price CYE	$73.87	$73.86	$67.52
Market Cap CYE ($ Bil)	43.7	43.7	38.1
Total Debt ($ Bil)	35.5	35.5	29.8
Total Cash ($ Bil)	1.1	1.1	1.5
Enterprise Value ($ Bil)	78.2	79.2	67.9
Valuation Ratios
P/S TTM	3.1	3.1	2.8
P/EBIT TTM	15.7	15.7	13.3
P/E TTM	22.8	22.8	20.2
P/FCF TTM	-8.5	-8.5	-21.0
Sector Ratios
P/S TTM (Sector)	2.7	2.7	2.4
P/EBIT TTM (Sector)	10.1	10.1	10.0
P/E TTM (Sector)	18.2	18.3	18.6
P/FCF TTM (Sector)	-14.7	-14.3	-12.1

	XEL	S&P 500
REVENUE GROWTH
Rev LTM ($ Bil)	14.2
Rev Chg Q	7.4%	7.3%
Rev Chg LTM	3.4%	6.4%
Rev Chg 3Y Avg	-0.8%	5.6%
PROFITABILITY	GOOD
Op Inc LTM ($ Bil)	2.6
CFO LTM ($ Bil)	4.5
Net Inc LTM ($ Bil)	1.9
Op Mgn LTM	18.5%	18.8%
CFO/Rev LTM	31.9%	20.5%
Net Inc Mgn	13.5%	13.1%
VALUATION	MODERATE
P/S	3.1	3.3
P/CFO	9.6	16.2
P/FCF	-8.5	21.5
P/E	22.8	24.1
STABILITY	POOR
Debt/Equity	0.81	0.20
Cash/Assets	0.01	0.07

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Metric	Value	Date	Source
Number of Electric Customers	3.9 million	10312025	Link
Number of Natural Gas Customers	2.2 million	9232025	Link
Owned Generation Capacity	21 GW	9232025	Link
Carbon Emissions Reduction from 2005 Levels	57%	7122025	Link
Market Share	6.39%	3312025	Link
Planned Renewable Generation Additions (5-year plan)	7.5 GW	10312025	Link
Planned Energy Storage Additions (5-year plan)	1.9 GW	10312025	Link
Planned Transmission Line Additions (5-year plan)	1,500 miles	10312025	Link
System Average Interruption Duration Index (SAIDI) - Minnesota	86 minutes	12312023	Link
Colorado Certified Renewable Percentage	44.2%	12312023	Link
Minnesota Certified Renewable Percentage	41.9%	12312023	Link

Recent
12/29/2025	Dividend	Amount: $0.57 Payment On: 1/20/2026
Upcoming
2/05/2026	Earnings Release	Rev: - EPS: -
4/22/2026	Earnings Release	Rev: - EPS: -

XEL Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

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For Xcel Energy (XEL), the stock experienced an approximate -8.1% movement from October 31, 2025, to January 13, 2026. The key factors contributing to this decline include:

1. Legal Challenge over Smokehouse Creek Fire: Xcel Energy faced a significant legal challenge in December 2025 when the Texas Attorney General, Ken Paxton, filed a lawsuit against the company. The lawsuit alleged negligence in the maintenance of utility poles, linking them to the Smokehouse Creek Fire, which introduced considerable legal and financial uncertainty for the company.

2. Underperform Rating from Morgan Stanley: In November 2025, Morgan Stanley reiterated an "underperform" rating on Xcel Energy's stock, accompanied by a price objective of $84.00. This analyst downgrade likely contributed to negative investor sentiment during the period.

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Stock Movement Drivers

Fundamental Drivers

The -8.1% change in XEL stock from 10/31/2025 to 1/12/2026 was primarily driven by a -8.1% change in the company's P/E Multiple.

	10312025	1122026	Change
Stock Price ($)	80.55	74.00	-8.13%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	14228.00	14228.00	0.00%
Net Income Margin (%)	13.46%	13.46%	0.00%
P/E Multiple	24.90	22.88	-8.13%
Shares Outstanding (Mil)	592.00	592.00	0.00%
Cumulative Contribution			-8.13%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 1/12/2026

	Return	Correlation
XEL	-8.1%
Market (SPY)	1.9%	19.1%
Sector (XLU)	-4.4%	74.9%

Fundamental Drivers

The 2.3% change in XEL stock from 7/31/2025 to 1/12/2026 was primarily driven by a 11.9% change in the company's P/E Multiple.

	7312025	1122026	Change
Stock Price ($)	72.31	74.00	2.34%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	13957.00	14228.00	1.94%
Net Income Margin (%)	14.85%	13.46%	-9.38%
P/E Multiple	20.44	22.88	11.91%
Shares Outstanding (Mil)	586.00	592.00	-1.02%
Cumulative Contribution			2.32%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2025 to 1/12/2026

	Return	Correlation
XEL	2.3%
Market (SPY)	10.3%	9.2%
Sector (XLU)	0.1%	61.1%

Fundamental Drivers

The 13.7% change in XEL stock from 1/31/2025 to 1/12/2026 was primarily driven by a 17.2% change in the company's P/E Multiple.

	1312025	1122026	Change
Stock Price ($)	65.08	74.00	13.71%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	13763.00	14228.00	3.38%
Net Income Margin (%)	13.67%	13.46%	-1.52%
P/E Multiple	19.51	22.88	17.24%
Shares Outstanding (Mil)	564.00	592.00	-4.96%
Cumulative Contribution			13.43%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2025 to 1/12/2026

	Return	Correlation
XEL	13.7%
Market (SPY)	16.5%	22.4%
Sector (XLU)	11.6%	72.0%

Fundamental Drivers

The 19.3% change in XEL stock from 1/31/2023 to 1/12/2026 was primarily driven by a 17.6% change in the company's Net Income Margin (%).

	1312023	1122026	Change
Stock Price ($)	62.01	74.00	19.33%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	14612.00	14228.00	-2.63%
Net Income Margin (%)	11.44%	13.46%	17.62%
P/E Multiple	20.32	22.88	12.55%
Shares Outstanding (Mil)	548.00	592.00	-8.03%
Cumulative Contribution			18.56%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2023 to 1/12/2026

	Return	Correlation
XEL	19.3%
Market (SPY)	77.4%	16.3%
Sector (XLU)	34.2%	70.7%

Return vs. Risk

Price Returns Compared

	2021	2022	2023	2024	2025	2026	Total [1]
Returns
XEL Return	4%	6%	-9%	12%	14%	1%	31%
Peers Return	16%	-1%	-11%	20%	16%	-0%	41%
S&P 500 Return	27%	-19%	24%	23%	16%	2%	85%
Monthly Win Rates [3]
XEL Win Rate	50%	75%	58%	58%	50%	100%
Peers Win Rate	58%	60%	53%	58%	63%	20%
S&P 500 Win Rate	75%	42%	67%	75%	67%	100%
Max Drawdowns [4]
XEL Max Drawdown	-13%	-13%	-20%	-22%	-5%	-1%
Peers Max Drawdown	-8%	-16%	-24%	-6%	-4%	-2%
S&P 500 Max Drawdown	-1%	-25%	-1%	-2%	-15%	0%

[1] Cumulative total returns since the beginning of 2021
[2] Peers: NEE, SO, DUK, AEP, D. See XEL Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 1/12/2026 (YTD)

How Low Can It Go

Unique Key	Event	XEL	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-28.9%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	40.7%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	723 days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-29.7%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	42.3%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	137 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-18.1%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	22.1%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	285 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-34.8%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	53.4%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	931 days	1,480 days

Compare to NEE, SO, DUK, AEP, D

In The Past

Xcel Energy's stock fell -28.9% during the 2022 Inflation Shock from a high on 9/12/2022. A -28.9% loss requires a 40.7% gain to breakeven.

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About Xcel Energy (XEL)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

Xcel Energy Inc., through its subsidiaries, generates, purchases, transmits, distributes, and sells electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through coal, nuclear, natural gas, hydroelectric, solar, biomass, oil, wood/refuse, and wind energy sources. It also purchases, transports, distributes, and sells natural gas to retail customers, as well as transports customer-owned natural gas. In addition, the company develops and leases natural gas pipelines, and storage and compression facilities; and invests in rental housing projects, as well as procures equipment for the construction of renewable generation facilities. It serves residential, commercial, and industrial customers in the portions of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas, and Wisconsin. The company sells electricity to approximately 3.7 million customers; and natural gas to approximately 2.1 million customers. Xcel Energy Inc. was incorporated in 1909 and is headquartered in Minneapolis, Minnesota.

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It's like AT&T or Comcast, but for electricity and natural gas.

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Electricity Service: Xcel Energy generates, transmits, and distributes electricity to residential, commercial, and industrial customers.
Natural Gas Service: The company distributes natural gas to residential, commercial, and industrial customers for heating and other uses.

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Xcel Energy (XEL) is a public utility company that primarily sells electricity and natural gas directly to end-users within its service territories. Therefore, its major customers are categorized rather than being other companies.

Xcel Energy serves the following primary categories of customers:

Residential Customers: This category includes individual households and families who use electricity and natural gas for their homes. These customers represent a significant portion of Xcel Energy's customer base and energy sales.
Commercial Customers: This category encompasses various businesses, including small and medium-sized enterprises, retail stores, office buildings, restaurants, and other service-oriented establishments. These customers typically have higher energy demands than residential users.
Industrial Customers: This category includes large manufacturing plants, industrial facilities, data centers, and other heavy energy consumers. Industrial customers often have the highest individual energy consumption among Xcel Energy's customer types.

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Bob Frenzel, Chairman, President and Chief Executive Officer

Bob Frenzel assumed the role of Chairman, President, and CEO of Xcel Energy in August 2021. He previously served as President and Chief Operating Officer (COO) of Xcel Energy. Prior to his role as COO, Frenzel joined Xcel Energy in 2016 as Chief Financial Officer. Before joining Xcel Energy, he was a managing director in the investment banking division of Goldman Sachs. He also held various leadership positions at Public Service Enterprise Group (PSEG).

Brian Van Abel, Executive Vice President and Chief Financial Officer

Brian Van Abel is the Executive Vice President and Chief Financial Officer of Xcel Energy. He previously held the position of Senior Vice President, Utility Operations. Van Abel joined Xcel Energy in 2003 and has served in various financial leadership roles, including Vice President, Controller and Chief Accounting Officer. Before joining Xcel Energy, he worked as an auditor for Arthur Andersen and Deloitte & Touche.

Frank Prager, Executive Vice President, Group President — Utilities

Frank Prager serves as the Executive Vice President, Group President — Utilities. His career at Xcel Energy includes roles such as Senior Vice President, Strategy, Planning and External Affairs; Vice President, Environmental; and Regional Vice President, Rates and Regulatory Affairs.

Brett Carter, Executive Vice President, Group President — Utilities and Chief Customer Officer

Brett Carter is the Executive Vice President, Group President — Utilities and Chief Customer Officer. He joined Xcel Energy in 2012 as Senior Vice President and Chief Information Officer. Prior to Xcel Energy, he held leadership positions at Duke Energy and was a management consultant at Ernst & Young.

Amanda R. Rome, Executive Vice President, Group President — Utilities and Chief Legal Officer

Amanda R. Rome is the Executive Vice President, Group President — Utilities and Chief Legal Officer. She joined Xcel Energy in 2007. Her previous roles at Xcel Energy include Executive Vice President, General Counsel and Corporate Secretary, and Vice President and Deputy General Counsel. Before joining Xcel Energy, she was a partner at a law firm.

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The key risks to Xcel Energy (XEL) are:

Operational Risks and Wildfire Liabilities: Xcel Energy's natural gas and electric generation, transmission, and distribution operations inherently involve numerous risks, including the potential for accidents, property damage, environmental pollution, and substantial financial losses. Recent incidents, such as the 2021 Marshall Fire in Colorado, which resulted in a $640 million settlement, and a lawsuit from the Texas Attorney General regarding the 2024 Smokehouse Creek Fire, highlight significant and escalating wildfire liabilities. These events pose direct financial costs through settlements and litigation, alongside indirect costs from regulatory scrutiny and reputational damage.
High Debt Levels: Xcel Energy carries a significant amount of debt on its balance sheet, with net debt to EBITDA ratios indicating a heavy debt load. The company's liabilities also outweigh its cash and near-term receivables, which is a concern given its market capitalization. This high level of leverage and potential liquidity issues, as suggested by a low current ratio and Altman Z-Score, could impact Xcel Energy's ability to fund its operations, invest in necessary infrastructure, or obtain financing on favorable terms.
Regulatory Risk and Cost Recovery: The profitability of Xcel Energy is heavily dependent on the ability of its utility subsidiaries to recover their costs from customers. Changes in regulation or an inability to secure timely and adequate rate adjustments can impair this cost recovery. The utility sector is increasingly exposed to regulatory and operational risks driven by climate-related disasters, which can lead to heightened scrutiny and potential disallowance of costs related to mitigation or disaster response.

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The primary clear emerging threat for Xcel Energy is the accelerating adoption and increasing economic viability of distributed energy resources (DERs), primarily rooftop solar combined with behind-the-meter battery storage.

This trend empowers customers to generate and store their own electricity, significantly reducing their reliance on grid-supplied power. As the cost of DER technologies continues to decline and their efficiency improves, a growing segment of Xcel Energy's customer base may substantially decrease their electricity purchases from the grid, and in some cases, approach grid independence. This erodes the utility's traditional sales volumes, particularly during valuable peak demand periods, and challenges its regulated business model which relies on predictable sales to recover the fixed costs of extensive generation, transmission, and distribution infrastructure.

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Xcel Energy (XEL) primarily offers electricity and natural gas distribution as its main products and services. The company serves approximately 3.9 million electricity customers and 2.2 million natural gas customers across parts of eight U.S. states: Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas, and Wisconsin.

The addressable markets for Xcel Energy's main products and services are sized for the entire United States, given that their operations span multiple states within the U.S.

For Electricity Distribution, the U.S. power market size was valued at approximately USD 363.74 billion in 2024 and is anticipated to reach USD 380.33 billion in 2025. Another source indicates the U.S. electricity sector earned $491 billion in revenue in 2023.
For Natural Gas Distribution, the U.S. natural gas market was valued at USD 454.5 billion in 2024 and is projected to increase to USD 577.9 billion by 2032.

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Xcel Energy (XEL) is poised for future revenue growth over the next two to three years, driven by several key factors:

Significant Capital Investments and Infrastructure Modernization: Xcel Energy plans substantial capital expenditures, including an updated five-year infrastructure investment plan totaling $60 billion, which covers 7.5 GW of new renewable generation, 3 GW of gas generation, 1.9 GW of energy storage, and 1,500 miles of high-voltage transmission. These investments are critical for modernizing its grid, enhancing reliability, and meeting future energy demands. The ability to earn a regulated return on these growing assets directly contributes to revenue.
Accelerated Growth from Data Centers: A major driver of increased energy demand is the rapid expansion of data centers. Xcel Energy has identified a 3 GW pipeline of contracted or "high probability" data center projects, with the potential for its data center queue to exceed 20 GW if earlier-stage prospects materialize. This robust demand from energy-intensive data centers is expected to drive significant load growth.
General Customer and Electrification Load Growth: Beyond data centers, Xcel Energy anticipates revenue growth from broader electrification trends. This includes the electrification of the oil and gas sector, particularly in the Permian Basin, and general residential load growth across its service territories. The company also reported 2.7% growth in electric customer volume in the first half of 2025.
Strategic Rate Increases and Favorable Regulatory Recoveries: To support its extensive capital plans and operational costs, Xcel Energy strategically pursues rate adjustments. For instance, it intends to file for a 13.2% rate increase with Minnesota regulators, with a 9.6% increase in 2025 followed by 3.6% in 2026. Successful regulatory outcomes and the ability to recover these infrastructure investments through regulated rates are crucial for driving future revenue growth.

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Share Repurchases

Xcel Energy's buyback yield for fiscal years ending December 2020 to 2024 averaged -1.6%, indicating net share issuance rather than significant repurchases.

Share Issuance

Xcel Energy closed a registered underwritten offering of approximately 18.3 million shares of common stock in November 2024, expected to generate around $1.18 billion in net proceeds.
For the nine months ended September 30, 2025, Xcel Energy raised $1.151 billion from common stock issuances as part of its financing activities.
In August 2025, Xcel Energy announced an equity distribution agreement allowing for the sale of up to $4 billion of its common stock.

Capital Expenditures

Xcel Energy has announced a $60 billion capital spending plan for the five-year period from approximately 2026 through 2030.
This plan includes significant investments in 7.5 GW of new renewable generation, 3 GW of new natural gas generation, 1.9 GW of energy storage, 1,500 miles of high-voltage transmission, and $5 billion allocated for wildfire mitigation.
For the nine months ended September 30, 2025, Xcel Energy's capital expenditures totaled $7.470 billion.

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		Best Bets In Utilities Sector
	XEL	CWEN	LNT	VST	NEE	OTTR	NFG	UGI	MGEE	SWX	PEG
What You Pay
P/E	22.9	14.0	20.5	50.7	25.8	12.7	13.7	11.8	21.4	12.7	18.8
P/EBIT	15.8	18.1	14.1	26.5	22.3	9.6	8.4	7.2	15.4	9.7	12.3
What You Get
Rev Chg Q	7.4%	-11.7%	11.9%	-20.9%	5.3%	-3.7%	25.3%	-3.6%	4.3%	-11.8%	22.1%
Rev Chg LTM	3.4%	0.8%	7.8%	5.7%	0.2%	-3.2%	17.1%	1.1%	8.3%	31.9%	12.3%
Rev Chg 3Y Avg	-0.8%	3.5%	1.7%	9.5%	11.4%	-4.4%	2.0%	-9.9%	2.0%	10.8%	7.4%
FCF/Rev 3Y Avg	-17.4%	33.2%	23.8%	14.4%	9.3%	8.6%	8.5%	4.1%	-0.0%	-0.3%	-1.3%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 9.3%, alpha of -0.5%, and sharpe of 0.48

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	Xcel Energy Earnings Notes
2	Xcel Energy Earnings Notes
3	Xcel Energy Earnings Notes
4	Xcel Energy Earnings Notes
5	Xcel Energy Earnings Notes
6	Would You Still Hold Xcel Energy Stock If It Fell Another 30%?	Return
7	XEL's One-Day Rally Offers a Chance to Reevaluate D	Counter-Intuitive Comparisons
8	Xcel Energy vs Southern: Which Is A Better Investment?	Counter-Intuitive Comparisons
9	Xcel Energy vs Dominion Energy: Which Is A Better Investment?	Counter-Intuitive Comparisons
10	How Does Xcel Energy Stock Stack Up Against Its Peers?	Peer Comparison

	Title
0	ARTICLES

Trade Ideas

Select ideas related to XEL. For more, see Trefis Trade Ideas.

Unique Key

Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
DAWN	Day One Biopharmaceuticals	1.2	26.7%	21.6%
ZBIO	Zenas BioPharma	0.8	23.0%	-45.5%
BEAM	Beam Therapeutics	3.5	22.3%	21.5%
HYMC	Hycroft Mining	1.4	21.6%	38.8%
CDNA	CareDx	1.1	20.1%	9.2%
IMSR	Terrestrial Energy	1.0	19.1%	82.7%
SGML	Sigma Lithium	1.7	15.9%	18.7%
ADPT	Adaptive Biotechnologies	2.8	15.9%	12.4%
BLLN	BillionToOne	4.4	15.4%	21.2%
MBX	MBX Biosciences	1.2	15.2%	15.6%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
LXEO	Lexeo Therapeutics	0.5	-23.0%	-18.2%
ATEC	Alphatec	2.7	-22.3%	-16.4%
NUVB	Nuvation Bio	2.2	-19.7%	-27.9%
ANF	Abercrombie & Fitch	4.8	-17.7%	-18.3%
APLS	Apellis Pharmaceuticals	2.9	-15.0%	-7.6%
FBYD	Falcons Beyond Global	0.4	-14.0%	-34.8%
SMMT	Summit Therapeutics	12.7	-13.4%	-2.6%
SPRY	ARS Pharmaceuticals	1.1	-12.9%	-2.3%
SIBN	SI-BONE	0.8	-12.6%	-9.4%
BBNX	Beta Bionics	0.8	-12.4%	-42.1%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
ALMS	Alumis	2.2	153.8%	116.1%
ERAS	Erasca	1.8	78.5%	67.5%
VTYX	Ventyx Biosciences	1.0	77.0%	53.3%
GLUE	Monte Rosa Therapeutics	2.0	64.7%	51.3%
ELVN	Enliven Therapeutics	1.6	64.6%	62.5%
MLTX	MoonLake Immunotherapeutics	1.1	61.7%	37.3%
IMSR	Terrestrial Energy	1.0	59.7%	82.7%
RVMD	Revolution Medicines	22.2	49.6%	47.1%
AEVA	Aeva Technologies	1.1	45.9%	43.8%
SNDK	SanDisk	56.8	42.0%	64.0%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
ELME	Elme Communities	0.3	-83.6%	-83.5%
AQST	Aquestive Therapeutics	0.4	-43.7%	-45.7%
CRMD	Cormedix	0.5	-41.3%	-38.5%
BBNX	Beta Bionics	0.8	-40.3%	-42.1%
FBYD	Falcons Beyond Global	0.4	-28.9%	-34.8%
LVWR	LiveWire	0.6	-28.6%	-31.2%
NUVB	Nuvation Bio	2.2	-24.8%	-27.9%
ANGO	AngioDynamics	0.4	-23.1%	-20.7%
CSIQ	Canadian Solar	1.4	-19.6%	-14.8%
ANF	Abercrombie & Fitch	4.8	-17.3%	-18.3%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
HYMC	Hycroft Mining	1.4	183.0%	38.8%
SOC	Sable Offshore	1.1	100.2%	18.3%
PL	Planet Labs PBC	7.9	96.6%	29.0%
ERAS	Erasca	1.8	91.1%	67.5%
ALMS	Alumis	2.2	74.2%	116.1%
FEIM	Frequency Electronics	0.6	71.5%	11.1%
SNDK	SanDisk	56.8	67.2%	64.0%
LUNR	Intuitive Machines	2.3	62.3%	18.3%
KRMN	Karman	14.2	59.8%	46.9%
VTYX	Ventyx Biosciences	1.0	59.3%	53.3%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
ELME	Elme Communities	0.3	-83.3%	-83.5%
CORT	Corcept Therapeutics	3.9	-56.2%	7.4%
ZBIO	Zenas BioPharma	0.8	-49.4%	-45.5%
AQST	Aquestive Therapeutics	0.4	-43.7%	-45.7%
FBYD	Falcons Beyond Global	0.4	-42.2%	-34.8%
BBNX	Beta Bionics	0.8	-39.5%	-42.1%
CRMD	Cormedix	0.5	-37.7%	-38.5%
LVWR	LiveWire	0.6	-33.3%	-31.2%
NKTR	Nektar Therapeutics	0.7	-32.9%	-8.3%
FRMI	Fermi	6.1	-32.6%	29.6%

Peer Comparisons for Xcel Energy

Peers to compare with:

Financials

	XEL	NEE	SO	DUK	AEP	D	Median
Name	Xcel Ene.	NextEra .	Southern	Duke Ene.	American.	Dominion.
Mkt Price	74.00	81.12	86.74	116.71	116.57	58.39	83.93
Mkt Cap	43.8	167.5	95.6	90.8	62.3	49.8	76.6
Rev LTM	14,228	26,298	28,912	31,659	21,257	15,227	23,778
Op Inc LTM	2,637	7,404	7,426	8,583	5,300	4,528	6,352
FCF LTM	-5,149	3,073	-1,823	-921	-1,736	-8,071	-1,779
FCF 3Y Avg	-2,465	2,421	-1,031	-2,122	-1,932	-5,691	-2,027
CFO LTM	4,538	11,967	9,378	12,049	6,858	4,609	8,118
CFO 3Y Avg	4,869	11,847	8,610	10,539	5,834	5,677	7,222

Growth & Margins

	XEL	NEE	SO	DUK	AEP	D	Median
Name	Xcel Ene.	NextEra .	Southern	Duke Ene.	American.	Dominion.
Rev Chg LTM	3.4%	0.2%	9.4%	4.8%	8.4%	5.3%	5.0%
Rev Chg 3Y Avg	-0.8%	11.4%	1.3%	5.2%	4.2%	7.5%	4.7%
Rev Chg Q	7.4%	5.3%	7.5%	4.8%	10.9%	9.3%	7.5%
QoQ Delta Rev Chg LTM	1.9%	1.5%	1.9%	1.2%	2.9%	2.2%	1.9%
Op Mgn LTM	18.5%	28.2%	25.7%	27.1%	24.9%	29.7%	26.4%
Op Mgn 3Y Avg	18.2%	31.5%	23.7%	25.1%	21.6%	27.0%	24.4%
QoQ Delta Op Mgn LTM	0.5%	-1.4%	0.3%	0.3%	0.1%	1.2%	0.3%
CFO/Rev LTM	31.9%	45.5%	32.4%	38.1%	32.3%	30.3%	32.3%
CFO/Rev 3Y Avg	34.1%	44.6%	31.6%	34.6%	29.0%	38.4%	34.4%
FCF/Rev LTM	-36.2%	11.7%	-6.3%	-2.9%	-8.2%	-53.0%	-7.2%
FCF/Rev 3Y Avg	-17.4%	9.3%	-3.7%	-7.1%	-9.7%	-38.2%	-8.4%

Valuation

	XEL	NEE	SO	DUK	AEP	D	Median
Name	Xcel Ene.	NextEra .	Southern	Duke Ene.	American.	Dominion.
Mkt Cap	43.8	167.5	95.6	90.8	62.3	49.8	76.6
P/S	3.1	6.4	3.3	2.9	2.9	3.3	3.2
P/EBIT	15.8	22.3	11.4	9.8	11.0	9.7	11.2
P/E	22.9	25.8	21.4	18.2	17.0	21.8	21.6
P/CFO	9.7	14.0	10.2	7.5	9.1	10.8	9.9
Total Yield	7.2%	6.6%	7.8%	6.4%	9.1%	9.1%	7.5%
Dividend Yield	2.9%	2.7%	3.1%	0.9%	3.2%	4.5%	3.0%
FCF Yield 3Y Avg	-5.9%	1.5%	-1.2%	-2.7%	-4.1%	-12.5%	-3.4%
D/E	0.8	0.6	0.8	1.0	0.8	0.9	0.8
Net D/E	0.8	0.5	0.7	1.0	0.7	0.9	0.8

Returns

	XEL	NEE	SO	DUK	AEP	D	Median
Name	Xcel Ene.	NextEra .	Southern	Duke Ene.	American.	Dominion.
1M Rtn	-0.8%	-0.6%	2.7%	1.2%	2.1%	-1.6%	0.3%
3M Rtn	-7.0%	-3.1%	-10.8%	-6.6%	0.6%	-3.7%	-5.2%
6M Rtn	8.7%	9.7%	-4.9%	0.7%	12.8%	4.4%	6.5%
12M Rtn	20.6%	24.1%	10.2%	14.2%	29.0%	14.6%	17.6%
3Y Rtn	15.3%	4.5%	39.0%	25.2%	37.8%	7.8%	20.2%
1M Excs Rtn	-1.4%	-1.5%	1.8%	1.1%	0.8%	-0.7%	0.0%
3M Excs Rtn	-14.3%	-8.5%	-17.5%	-13.8%	-6.1%	-9.6%	-11.7%
6M Excs Rtn	-2.7%	-1.6%	-16.2%	-10.6%	1.5%	-6.9%	-4.8%
12M Excs Rtn	-2.8%	0.5%	-9.9%	-6.2%	12.9%	-5.9%	-4.3%
3Y Excs Rtn	-64.7%	-76.1%	-44.3%	-56.0%	-43.9%	-72.9%	-60.3%

Comparison Analyses

	Title
0	How Does Xcel Energy Stock Stack Up Against Its Peers?
1	XEL or FE - With 21% Return Forecast, FE Probably Deserves Your Money
2	Why PPL With 21% Upside May Beat XEL?
3	Why XEL With 2.4% Upside May Beat ETR?
4	AEP Could Deliver 12% Returns And Outperform XEL
5	Why EIX With 19% Upside May Beat XEL?
6	Xcel Energy vs. Snap: Similar Market Cap, But Snap Is A Better Bet
7	Xcel Energy vs. Global Payments: Similar Market Cap, But Global Payments Is A Better Bet
8	Xcel Energy vs. Aptiv: Similar Market Cap, But Xcel Energy Is A Better Bet
9	Xcel Energy vs Old Dominion Freight Line: Similar Market Cap, But Xcel Energy Is A Better Bet

FDIC Bank Data

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End	9/30/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date	10/30/2025	2/27/2025	2/21/2024	2/23/2023	2/23/2022	2/17/2021	2/21/2020
Key Financials
Total Revenue	14,228	13,441	14,206	15,310	13,431	11,526	11,529
EBITDA	5,819	5,591	5,196	5,080	4,600	4,319	4,114
Operating Income	2,637	2,386	2,588	2,428	2,203	2,116	2,104
Net Income	1,915	1,936	1,771	1,736	1,597	1,473	1,372
EPS	3.29	3.44	3.21	3.18	2.96	2.79	2.64
Growth Rates
Total Revenue Growth	3.4%	-5.4%	-7.2%	14.0%	16.5%	-0.0%	-0.1%
EBITDA Growth	2.7%	7.6%	2.3%	10.4%	6.5%	5.0%	6.2%
Operating Income Growth	-1.9%	-7.8%	6.6%	10.2%	4.1%	0.6%	7.1%
Net Income Growth	1.8%	9.3%	2.0%	8.7%	8.4%	7.4%	8.8%
Margins
EBITDA Margin	40.9%	41.6%	36.6%	33.2%	34.2%	37.5%	35.7%
Operating Income Margin	18.5%	17.8%	18.2%	15.9%	16.4%	18.4%	18.2%
Net Income Margin	13.5%	14.4%	12.5%	11.3%	11.9%	12.8%	11.9%
Cash & Debt
Total Cash	1,052	179	129	111	166	129	248
Total Debt	35,522	30,208	27,514	26,032	24,736	22,208	20,447
Net Debt / (Cash)	34,470	30,029	27,385	25,921	24,570	22,079	20,199
Cash Flows
Net Cash from Operations	4,538	4,641	5,327	3,932	2,189	2,848	3,263
Free Cash from Operations	-5,149	-2,723	-527	-706	-2,055	-2,521	-962
Returns to Shareholders
Dividends	1,258	1,175	1,092	1,012	935	856	791
Share Repurchases	-0	-0	-0	-0	-0	-0	-0

$ Mil \| FY: 12/31	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4
Period End	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022
Filing Date	10/30/2025	7/31/2025	4/24/2025	2/27/2025	10/31/2024	8/1/2024	4/25/2024	2/21/2024	10/27/2023	7/27/2023	4/27/2023	2/23/2023
Key Financials Quarterly
Total Revenue	3,915	3,287	3,906	3,120	3,644	3,028	3,649	3,442	3,662	3,022	4,080	4,053
Ebitda	1,667	1,459	1,494	1,199	1,714	1,256	1,422	1,273	1,604	1,051	1,268	1,229
Operating Income	1,036	577	677	347	911	449	679	648	949	418	573	525
Net Income	524	444	483	464	682	302	488	409	656	288	418	379
EPS	0.88	0.76	0.84	0.81	1.21	0.54	0.88	0.74	1.19	0.52	0.76	0.69
Key Financials TTM
Total Revenue TTM	14,228	13,957	13,698	13,441	13,763	13,781	13,775	14,206	14,817	15,237	15,639	15,310
Ebitda TTM	5,819	5,866	5,663	5,591	5,665	5,555	5,350	5,196	5,152	5,111	5,228	5,096
Operating Income TTM	2,637	2,512	2,384	2,386	2,687	2,725	2,694	2,588	2,465	2,440	2,491	2,428
Net Income TTM	1,915	2,073	1,931	1,936	1,881	1,855	1,841	1,771	1,741	1,734	1,774	1,736
Growth Rates Quarterly
Total Revenue Growth	7.4%	8.6%	7.0%	-9.4%	-0.5%	0.2%	-10.6%	-15.1%	-10.3%	-11.7%	8.8%	20.8%
EBITDA Growth	-2.7%	16.2%	5.1%	-5.8%	6.9%	19.5%	12.1%	3.6%	2.6%	-10.0%	11.6%	17.9%
Operating Income Growth	13.7%	28.5%	-0.3%	-46.5%	-4.0%	7.4%	18.5%	23.4%	2.7%	-10.9%	12.4%	21.2%
Net Income Growth	-23.2%	47.0%	-1.0%	13.4%	4.0%	4.9%	16.7%	7.9%	1.1%	-12.2%	10.0%	20.3%
Margins Quarterly
EBITDA Margin	42.6%	44.4%	38.2%	38.4%	47.0%	41.5%	39.0%	37.0%	43.8%	34.8%	31.1%	30.3%
Operating Income Margin	26.5%	17.6%	17.3%	11.1%	25.0%	14.8%	18.6%	18.8%	25.9%	13.8%	14.0%	13.0%
Net Income Margin	13.4%	13.5%	12.4%	14.9%	18.7%	10.0%	13.4%	11.9%	17.9%	9.5%	10.2%	9.4%
Cash & Debt
Total Cash	1,052	1,454	1,123	179	1,545	1,598	501	129	594	275	114	111
Total Debt	35,522	33,326	32,326	30,208	29,804	30,559	28,619	27,514	27,122	26,802	26,042	26,032
Net Debt / (Cash)	34,470	31,872	31,203	30,029	28,259	28,961	28,118	27,385	26,528	26,527	25,928	25,921
Cash Flows Quarterly
FCF from Operations	1,765	1,081	1,028	664	1,737	1,190	1,050	974	1,898	918	1,537	765
Cash Flows TTM
FCF from Operations TTM	4,538	4,510	4,619	4,641	4,951	5,112	4,840	5,327	5,118	4,399	4,329	3,932
Returns to Shareholders Quarterly
Dividends	329	319	306	304	296	295	280	278	278	277	259	258
Share Repurchases	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	8.7%	5.2%	6.4%	3.4%	9.2%	4.6%	7.2%	7.0%	9.9%	4.6%	6.5%	5.9%
Return on Invested Capital (ROIC) TTM
ROIC TTM	5.7%	5.7%	5.6%	5.8%	6.9%	7.0%	7.1%	7.0%	6.8%	6.8%	7.0%	6.9%

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
Regulated Electric utility	11,448	12,125	11,205	9,802	9,575
Regulated Natural Gas utility	2,648	3,082	2,132	1,636	1,868
Non-segment revenues	115
Intersegment revenue	-5	-4
Other		107	94	88	86
Total	14,206	15,310	13,431	11,526	11,529

Net Income by Segment

$ Mil	2024	2023	2022	2021	2020
Regulated Electric utility	1,686	1,631	1,478	1,407	1,288
Regulated Natural Gas utility	219	264	231	190	195
Other		-159	-112	-124	-111
Total	1,905	1,736	1,597	1,473	1,372

Price Behavior

Price Behavior

Market Price	$74.00
Market Cap ($ Bil)	43.8
First Trading Date	09/24/1985
Distance from 52W High	-9.2%
	50 Days	200 Days
DMA Price	$76.92	$72.52
DMA Trend	up	down
Distance from DMA	-3.8%	2.0%
	3M	1YR
Volatility	15.4%	19.8%
Downside Capture	44.53	10.21
Upside Capture	-3.47	26.67
Correlation (SPY)	7.8%	22.2%

XEL Betas & Captures as of 12/31/2025

	1M	2M	3M	6M	1Y	3Y
Beta	0.35	0.21	0.07	0.12	0.22	0.24
Up Beta	1.17	0.39	0.25	0.16	0.17	0.26
Down Beta	0.12	-0.03	0.02	0.10	0.34	0.31
Up Capture	-72%	-15%	-16%	20%	16%	5%
Bmk +ve Days	11	23	37	72	143	431
Stock +ve Days	10	21	31	68	139	389
Down Capture	137%	58%	26%	1%	20%	38%
Bmk -ve Days	11	18	27	55	108	320
Stock -ve Days	12	20	32	58	111	357

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Based On 1-Year Data

		XEL vs. Other Asset Classes (Last 1Y)
	XEL	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	16.4%	14.4%	19.1%	72.6%	7.3%	6.5%	-6.3%
Annualized Volatility	20.2%	16.1%	19.3%	20.0%	15.5%	16.9%	34.3%
Sharpe Ratio	0.64	0.65	0.78	2.62	0.25	0.20	-0.04
Correlation With Other Assets		68.1%	22.1%	10.9%	-3.0%	50.7%	6.7%

ETFs used for asset classes: Sector ETF = XLU, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 5-Year Data

		XEL vs. Other Asset Classes (Last 5Y)
	XEL	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	5.7%	10.0%	15.0%	18.3%	12.0%	5.6%	23.2%
Annualized Volatility	20.8%	17.2%	17.1%	15.7%	18.8%	18.8%	48.3%
Sharpe Ratio	0.21	0.44	0.71	0.94	0.52	0.20	0.49
Correlation With Other Assets		78.7%	28.9%	14.7%	2.9%	49.3%	8.6%

Based On 10-Year Data

		XEL vs. Other Asset Classes (Last 10Y)
	XEL	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	10.9%	10.4%	15.1%	15.2%	7.2%	5.4%	70.7%
Annualized Volatility	21.5%	19.2%	18.0%	14.8%	17.6%	20.8%	55.7%
Sharpe Ratio	0.47	0.47	0.72	0.85	0.33	0.23	0.91
Correlation With Other Assets		85.9%	41.6%	15.6%	7.3%	60.2%	8.0%

Short Interest

Short Interest: As Of Date	12312025
Short Interest: Shares Quantity	25,245,915
Short Interest: % Change Since 12152025	-22.1%
Average Daily Volume	6,808,550
Days-to-Cover Short Interest	3.71
Basic Shares Quantity	592,000,000
Short % of Basic Shares	4.3%

Returns Analyses

	Title
0	Would You Still Hold Xcel Energy Stock If It Fell Another 30%?
1	XEL YTD Stock Return Of -4.0% Underperforms D by -0.8% and Underperforms D by -0.8%
2	Xcel Energy Stock Return Comparison
3	Xcel Energy Total Shareholder Return (TSR): 6.3% in 2022 and 6.0% 3-yr returns (below peer average)

SEC Filings

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Report Date	Filing Date	Filing
09/30/2025	10/30/2025	10-Q (09/30/2025)
06/30/2025	07/31/2025	10-Q (06/30/2025)
03/31/2025	04/24/2025	10-Q (03/31/2025)
12/31/2024	02/27/2025	10-K (12/31/2024)
09/30/2024	10/31/2024	10-Q (09/30/2024)
06/30/2024	08/01/2024	10-Q (06/30/2024)
03/31/2024	04/25/2024	10-Q (03/31/2024)
12/31/2023	02/21/2024	10-K (12/31/2023)
09/30/2023	10/27/2023	10-Q (09/30/2023)
06/30/2023	07/27/2023	10-Q (06/30/2023)
03/31/2023	04/27/2023	10-Q (03/31/2023)
12/31/2022	02/23/2023	10-K (12/31/2022)
09/30/2022	10/27/2022	10-Q (09/30/2022)
06/30/2022	07/28/2022	10-Q (06/30/2022)
03/31/2022	04/28/2022	10-Q (03/31/2022)
12/31/2021	02/23/2022	10-K (12/31/2021)

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Xcel Energy (XEL)

Market Price (1/13/2026): $73.87 | Market Cap: $43.7 BilSector: Utilities | Industry: Multi-Utilities

Xcel Energy (XEL)

Market Price (1/13/2026): $73.87Market Cap: $43.7 BilSector: UtilitiesIndustry: Multi-Utilities

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Valuation, Metrics & Events

XEL Stock

Why The Stock Moved

Qualitative Assessment

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About Xcel Energy (XEL)

Interactive Breakdown

Better Bets than Xcel Energy (XEL)

INDUSTRY: Multi-Utilities

Higher Rev Chg 3Y Avg | Lower P/S (Values for XEL: -0.8% | 3.1x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for XEL: -0.8% | 16.6x)

Higher Rev Chg LTM (Value for XEL: 3.4%)

Higher Rev Chg 3Y Avg (Value for XEL: -0.8%)

Higher Op Mgn LTM (Value for XEL: 18.5%)

Higher CFO/Rev LTM (Value for XEL: 31.9%)

Higher FCF/Rev LTM (Value for XEL: -36.2%)

Higher Total Yield (Value for XEL: 7.2%)

SECTOR: Utilities

Higher Rev Chg 3Y Avg | Lower P/S (Values for XEL: -0.8% | 3.1x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for XEL: -0.8% | 16.6x)

Higher Rev Chg LTM (Value for XEL: 3.4%)

Higher Rev Chg 3Y Avg (Value for XEL: -0.8%)

Higher Op Mgn LTM (Value for XEL: 18.5%)

Higher CFO/Rev LTM (Value for XEL: 31.9%)

Higher FCF/Rev LTM (Value for XEL: -36.2%)

Higher Total Yield (Value for XEL: 7.2%)

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for XEL: -0.8% | 3.1x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for XEL: -0.8% | 16.6x)

Higher Rev Chg LTM (Value for XEL: 3.4%)

Higher Rev Chg 3Y Avg (Value for XEL: -0.8%)

Higher Op Mgn LTM (Value for XEL: 18.5%)

Higher CFO/Rev LTM (Value for XEL: 31.9%)

Higher FCF/Rev LTM (Value for XEL: -36.2%)

Higher Total Yield (Value for XEL: 7.2%)

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Market Price (1/13/2026): $73.87 | Market Cap: $43.7 Bil
Sector: Utilities | Industry: Multi-Utilities

Market Price (1/13/2026): $73.87
Market Cap: $43.7 Bil
Sector: Utilities
Industry: Multi-Utilities