# Xcel Energy Inc. (XEL) FY2026 Q1 P&L / Income Statement - Company: Xcel Energy Inc. (XEL) - Period: 2026-01-01 to 2026-03-31 - Filing: Q1 FY2026 10-Q, filed 2026-04-30, accession number 0000072903-26-000073 - Page: https://plicit.ai/financials/xel/fy2026-q1-income-statement - Chart image: https://plicit.ai/charts/xel-fy2026-q1-income-statement-sankey.png ## Chart details: Revenue by Product and Service (4 categories) 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. ## Chart details: Revenue by Product and Service (3 categories) - Page: https://plicit.ai/financials/xel/fy2026-q1-income-statement/revenue-by-product-and-service-3-categories - Chart image: https://plicit.ai/charts/xel-fy2026-q1-revenue-by-product-and-service-3-categories-sankey.png Income statement for 2026-01-01 through 2026-03-31. View: Product and service (3 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 - **Electric**: 2,976,000,000 US dollars - **Natural gas**: 1,030,000,000 US dollars - **Other**: 15,000,000 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. ## Chart details: Revenue by Business Segment - Page: https://plicit.ai/financials/xel/fy2026-q1-income-statement/revenue-by-business-segment - Chart image: https://plicit.ai/charts/xel-fy2026-q1-revenue-by-business-segment-sankey.png Income statement for 2026-01-01 through 2026-03-31. View: Business segment. 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 - **Regulated Electric**: 2,976,000,000 US dollars - **Regulated Natural Gas**: 1,030,000,000 US dollars - **All Other**: 15,000,000 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. ## Chart details: Revenue by Business Segment by Product and Service - Page: https://plicit.ai/financials/xel/fy2026-q1-income-statement/revenue-by-business-segment-by-product-and-service - Chart image: https://plicit.ai/charts/xel-fy2026-q1-revenue-by-business-segment-by-product-and-service-sankey.png Income statement for 2026-01-01 through 2026-03-31. View: Segments by Product and Service. 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 - **All Other - Other**: 0 US dollars - **All Other - Retail**: 12,000,000 US dollars - **All Other - Transmission**: 0 US dollars - **All Other - Wholesale**: 0 US dollars - **Regulated Electric - Other**: 12,000,000 US dollars - **Regulated Electric - Retail**: 2,331,000,000 US dollars - **Regulated Electric - Transmission**: 186,000,000 US dollars - **Regulated Electric - Wholesale**: 217,000,000 US dollars - **Regulated Natural Gas - Other**: 50,000,000 US dollars - **Regulated Natural Gas - Retail**: 946,000,000 US dollars - **Regulated Natural Gas - Transmission**: 0 US dollars - **Regulated Natural Gas - Wholesale**: 0 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.