Xcel Energy Operating Expenses 2012-2026 | XEL

Xcel Energy annual/quarterly operating expenses history and growth rate from 2012 to 2026. Operating expenses can be defined as the sum of all operating expenses for the given industry.
  • Xcel Energy operating expenses for the quarter ending March 31, 2026 were $3.267B, a 1.18% increase year-over-year.
  • Xcel Energy operating expenses for the twelve months ending March 31, 2026 were $12.124B, a 7.16% increase year-over-year.
  • Xcel Energy annual operating expenses for 2025 were $12.086B, a 9.33% increase from 2024.
  • Xcel Energy annual operating expenses for 2024 were $11.055B, a 5.71% decline from 2023.
  • Xcel Energy annual operating expenses for 2023 were $11.725B, a 8.98% decline from 2022.
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Xcel Energy Annual Operating Expenses
(Millions of US $)
2025 $12,086
2024 $11,055
2023 $11,725
2022 $12,882
2021 $11,228
2020 $9,410
2019 $9,425
2018 $9,572
2017 $9,181
2016 $8,867
2015 $9,024
2014 $9,738
2013 $9,067
2012 $8,306
2011 $8,873
Xcel Energy Quarterly Operating Expenses
(Millions of US $)
2026-03-31 $3,267
2025-12-31 $2,981
2025-09-30 $3,166
2025-06-30 $2,710
2025-03-31 $3,229
2024-12-31 $2,773
2024-09-30 $2,733
2024-06-30 $2,579
2024-03-31 $2,970
2023-12-31 $2,867
2023-09-30 $2,747
2023-06-30 $2,604
2023-03-31 $3,507
2022-12-31 $3,528
2022-09-30 $3,158
2022-06-30 $2,955
2022-03-31 $3,241
2021-12-31 $2,922
2021-09-30 $2,642
2021-06-30 $2,630
2021-03-31 $3,034
2020-12-31 $2,521
2020-09-30 $2,369
2020-06-30 $2,164
2020-03-31 $2,356
2019-12-31 $2,348
2019-09-30 $2,255
2019-06-30 $2,167
2019-03-31 $2,655
2018-12-31 $2,541
2018-09-30 $2,352
2018-06-30 $2,208
2018-03-31 $2,471
2017-12-31 $2,355
2017-09-30 $2,193
2017-06-30 $2,179
2017-03-31 $2,454
2016-12-31 $2,303
2016-09-30 $2,213
2016-06-30 $2,068
2016-03-31 $2,282
2015-12-31 $2,205
2015-09-30 $2,116
2015-06-30 $2,092
2015-03-31 $2,611
2014-12-31 $2,537
2014-09-30 $2,204
2014-06-30 $2,288
2014-03-31 $2,709
2013-12-31 $2,405
2013-09-30 $2,157
2013-06-30 $2,177
2013-03-31 $2,328
2012-12-31 $2,235
2012-09-30 $2,004
2012-06-30 $1,869
2012-03-31 $2,198
2011-12-31 $2,224
2011-09-30 $2,180
2011-06-30 $2,079
Sector Industry Market Cap Revenue
Utilities Utility - Electric Power Distribution $51.418B $14.669B
Xcel Energy Inc. is a holding company with subsidiaries engaged primarily in the utility business. Through its four regulated utility subsidiaries Northern States Power Company - Minnesota, NSP-Wisconsin, Public Service Company of Colorado and Southwestern Public Service Co. the company serves electricity customers and natural gas customers. Along with WYCO Development LLC and West Gas Inter State Inc., these companies comprise the regulated utility operations. Xcel Energy's operating utilities are engaged in the generation, purchase, transmission, distribution and sale of electricity in the U.S. The utilities generate electricity using coal, nuclear, hydro, wind and solar energy. Except SPS, the company's remaining utilities also purchase, transport, distribute and sell natural gas to retail customers, as well as transport customer-owned natural gas. Xcel Energy is undertaking initiatives to produce and deliver clean energy to customers.
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