XCEL ENERGY INC

For the period ended Mar 31, 2025. Filed Apr 24, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2025 · Filed Apr 24, 2025

XEL$80.12-0.1%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Income

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)

(amounts in millions, except per share data)

	Three Months Ended March 31
	2025	2024
Operating revenues
Electric	$2,835	$2,685
Natural gas	1,055	941
Other	16	23
Total operating revenues	3,906	3,649
Operating expenses
Electric fuel and purchased power	1,020	948
Cost of natural gas sold and transported	513	483
Cost of sales — other	2	8
Operating and maintenance expenses	686	605
Conservation and demand side management expenses	110	97
Depreciation and amortization	728	658
Taxes (other than income taxes)	170	171
Total operating expenses	3,229	2,970
Operating income	677	679
Other income, net	7	14
(Loss) earnings from equity method investments	(1)	8
Allowance for funds used during construction — equity	48	37
Interest charges and financing costs
Interest charges — includes other financing costs	332	291
Allowance for funds used during construction — debt	(23)	(14)
Total interest charges and financing costs	309	277
Income before income taxes	422	461
Income tax benefit	(61)	(27)
Net income	$483	$488
Weighted average common shares outstanding:
Basic	575	556
Diluted	577	556
Earnings per average common share:
Basic	$0.84	$0.88
Diluted	0.84	0.88
See Notes to Consolidated Financial Statements

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.