Xcel Energy Inc. (XEL) FY2026 Q1 P&L / Income Statement

Xcel Energy Inc. (XEL) FY2026 Q1 P&L / Income Statement

Income statement for 2026-01-01 through 2026-03-31. View: Product and service (4 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Total operating revenues

4,021,000,000 US dollars

Cost of revenue (calculated)

3,000,000 US dollars

Gross profit (calculated)

4,018,000,000 US dollars

Operating expenses (calculated)

3,264,000,000 US dollars

Operating income

754,000,000 US dollars

Other income (expense), net (calculated)

negative 245,000,000 US dollars

Income before income taxes

509,000,000 US dollars

Income tax benefit

negative 47,000,000 US dollars

Net income

556,000,000 US dollars

Retail

3,289,000,000 US dollars

Wholesale

217,000,000 US dollars

Transmission

186,000,000 US dollars

Other

62,000,000 US dollars

Undisclosed (calculated)

267,000,000 US dollars

Cost of sales — other

3,000,000 US dollars

Taxes, Other

183,000,000 US dollars

Conservation and demand side management expenses

121,000,000 US dollars

Cost of natural gas sold and transported

520,000,000 US dollars

Operating and maintenance expenses

675,000,000 US dollars

Electric fuel and purchased power

1,019,000,000 US dollars

Depreciation and amortization

768,000,000 US dollars

Marshall Wildfire litigation

negative 22,000,000 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.