XCEL ENERGY INC (XEL) FY2025 Annual P&L / Income Statement

XCEL ENERGY INC (XEL) FY2025 Annual P&L / Income Statement

Income statement for 2025-01-01 through 2025-12-31. View: Product and service (4 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Total operating revenues

14,669,000,000 US dollars

Cost of revenue (calculated)

11,000,000 US dollars

Gross profit (calculated)

14,658,000,000 US dollars

Operating expenses (calculated)

12,075,000,000 US dollars

Operating income

2,583,000,000 US dollars

Other income (expense), net (calculated)

negative 810,000,000 US dollars

Income before income taxes

1,773,000,000 US dollars

Income tax benefit

negative 245,000,000 US dollars

Net income

2,018,000,000 US dollars

Retail

12,197,000,000 US dollars

Wholesale

715,000,000 US dollars

Transmission

705,000,000 US dollars

Other

243,000,000 US dollars

Undisclosed (calculated)

809,000,000 US dollars

Cost of sales — other

11,000,000 US dollars

Electric fuel and purchased power

3,961,000,000 US dollars

Cost of natural gas sold and transported

1,041,000,000 US dollars

Operating and maintenance expenses

2,732,000,000 US dollars

Conservation and demand side management expenses

406,000,000 US dollars

Depreciation and amortization

2,953,000,000 US dollars

Taxes (other than income taxes)

686,000,000 US dollars

Gain (Loss) from Litigation Settlement

0 US dollars

Workforce reduction expenses

0 US dollars

Marshall Wildfire litigation

296,000,000 US dollars

Chart connections

• Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.