# XCEL ENERGY INC (XEL) FY2025 Annual P&L / Income Statement - Company: XCEL ENERGY INC (XEL) - Period: 2025-01-01 to 2025-12-31 - Filing: FY2025 10-K, filed 2026-02-25, accession number 0000072903-26-000009 - Page: https://plicit.ai/financials/xel/fy2025-annual-income-statement - Chart image: https://plicit.ai/charts/xel-fy2025-annual-income-statement-sankey.png ## Chart details: Revenue by Product and Service (4 categories) 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. ## Chart details: Revenue by Product and Service (3 categories) - Page: https://plicit.ai/financials/xel/fy2025-annual-income-statement/revenue-by-product-and-service-3-categories - Chart image: https://plicit.ai/charts/xel-fy2025-annual-revenue-by-product-and-service-3-categories-sankey.png Income statement for 2025-01-01 through 2025-12-31. View: Product and service (3 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 - **Electric**: 12,160,000,000 US dollars - **Natural Gas**: 2,452,000,000 US dollars - **Other**: 57,000,000 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. ## Chart details: Revenue by Business Segment - Page: https://plicit.ai/financials/xel/fy2025-annual-income-statement/revenue-by-business-segment - Chart image: https://plicit.ai/charts/xel-fy2025-annual-revenue-by-business-segment-sankey.png Income statement for 2025-01-01 through 2025-12-31. View: Business segment. 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 - **Regulated Electric**: 12,160,000,000 US dollars - **Natural Gas**: 2,452,000,000 US dollars - **All Other**: 57,000,000 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. ## Chart details: Revenue by Business Segment by Product and Service - Page: https://plicit.ai/financials/xel/fy2025-annual-income-statement/revenue-by-business-segment-by-product-and-service - Chart image: https://plicit.ai/charts/xel-fy2025-annual-revenue-by-business-segment-by-product-and-service-sankey.png Income statement for 2025-01-01 through 2025-12-31. View: Segments by Product and Service. 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 - **All Other - Other**: 0 US dollars - **All Other - Retail**: 43,000,000 US dollars - **All Other - Transmission**: 0 US dollars - **All Other - Wholesale**: 0 US dollars - **Regulated Electric - Other**: 69,000,000 US dollars - **Regulated Electric - Retail**: 10,001,000,000 US dollars - **Regulated Electric - Transmission**: 705,000,000 US dollars - **Regulated Electric - Wholesale**: 715,000,000 US dollars - **Natural Gas - Other**: 174,000,000 US dollars - **Natural Gas - Retail**: 2,153,000,000 US dollars - **Natural Gas - Transmission**: 0 US dollars - **Natural Gas - Wholesale**: 0 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.