The financials
Xcel Energy by the numbers
Xcel Energy (XEL) reported revenue of $3.12B in Q2 2026 (quarter ended June 30, 2026), down 5.1% from the same quarter a year earlier. That came with a gross margin of 100% and net income of $586M (19% of revenue). For the full year FY2025, revenue was $14.7B (+9.1% year on year) and net income $2.02B. Its largest product in 2026-Q2 was Retail Distribution at $803M, 73% of the disclosed total, just ahead of Transmission Services at 17%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $3.12B | $3.29B | −5.1% |
| Gross profit | $3.12B | $3.29B | −5.1% |
| Operating income | $706M | $577M | +22% |
| Net income | $586M | $444M | +32% |
| Diluted EPS | $0.93 | $0.75 | +24% |
| Product | Revenue | Share |
|---|---|---|
| Retail Distribution | $803M | 73% |
| Transmission Services | $190M | 17% |
| Wholesale Distribution | $89M | 8.1% |
| Other Services | $13M | 1.2% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q2 2026Total $1.09B (-17%)
Transmission Services grew +12% year on yearOther Services -41% year on year
Segment Latestquarter on quarteryear on year
- Retail Distribution$803.0M$803.0MQoQ -11%year on year -8.9%-11%-8.9%
- Transmission Services$190.0M$190.0MQoQ +2.2%year on year +12%+2.2%+12%
- Wholesale Distribution$89.0M$89.0MQoQ -59%year on year -39%-59%-39%
- Other Services$13.0M$13.0MQoQ +8.3%year on year -41%+8.3%-41%
Utilities - Regulated Electric
Ranks #33 of 37 by Smart Score