XCEL ENERGY INC
For the period ended Sep 30, 2025. Filed Oct 30, 2025.
View on SEC.govAbout 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.
Sep 30, 2025 · Filed Oct 30, 2025
XEL$79.67-0.9%Stored close · as of Nov 6, 2026
Contents
Consolidated Statements of Income
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
(amounts in millions, except per share data)
| Three Months Ended Sept. 30 | Nine Months Ended Sept. 30 | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Operating revenues | ||||
| Electric | $3,638 | $3,393 | $9,351 | $8,737 |
| Natural gas | 264 | 239 | 1,715 | 1,535 |
| Other | 13 | 12 | 42 | 49 |
| Total operating revenues | 3,915 | 3,644 | 11,108 | 10,321 |
| Operating expenses | ||||
| Electric fuel and purchased power | 1,098 | 1,060 | 3,036 | 2,863 |
| Cost of natural gas sold and transported | 61 | 63 | 708 | 664 |
| Cost of sales — other | 5 | 3 | 8 | 12 |
| Operating and maintenance expenses | 692 | 655 | 2,053 | 1,922 |
| Conservation and demand side management expenses | 101 | 112 | 299 | 295 |
| Depreciation and amortization | 750 | 681 | 2,200 | 2,042 |
| Taxes (other than income taxes) | 172 | 159 | 514 | 484 |
| Marshall Wildfire litigation | 287 | — | 287 | — |
| Total operating expenses | 3,166 | 2,733 | 9,105 | 8,282 |
| Operating income | 749 | 911 | 2,003 | 2,039 |
| Other income, net | 46 | 39 | 121 | 75 |
| Earnings (loss) from equity method investments | 6 | 3 | (3) | 19 |
| Allowance for funds used during construction — equity | 79 | 44 | 196 | 119 |
| Interest charges and financing costs | ||||
| Interest charges — includes other financing costs | 384 | 326 | 1,065 | 936 |
| Allowance for funds used during construction — debt | (36) | (21) | (86) | (51) |
| Total interest charges and financing costs | 348 | 305 | 979 | 885 |
| Income before income taxes | 532 | 692 | 1,338 | 1,367 |
| Income tax expense (benefit) | 8 | 10 | (113) | (105) |
| Net income | $524 | $682 | $1,451 | $1,472 |
| Weighted average common shares outstanding: | ||||
| Basic | 592 | 564 | 584 | 559 |
| Diluted | 595 | 565 | 587 | 559 |
| Earnings per average common share: | ||||
| Basic | $0.88 | $1.21 | $2.48 | $2.63 |
| Diluted | 0.88 | 1.21 | 2.47 | 2.63 |
| See Notes to Consolidated Financial Statements | ||||
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