Xcel Energy Inc
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of Xcel Energy Inc (XEL). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | Q1 2025 | Q2 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|
| Regulated Electric | $2.84B 72.6% | $2.88B 87.6% | $2.98B 74.0% | $2.74B 87.8% |
| Regulated Natural Gas | $1.06B 27.0% | $396.0M 12.0% | $1.03B 25.6% | $365.0M 11.7% |
| All Other | $16.0M 0.4% | $13.0M 0.4% | $15.0M 0.4% | $14.0M 0.4% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Revenue by product line
| Segment | Q1 2025 | Q2 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|
| Total revenue from contracts with customers | $3.70B 50.0% | $3.11B 50.0% | $3.75B 50.0% | $2.79B 50.0% |
| Retail | $3.26B 44.0% | $2.73B 43.9% | $3.29B 43.8% | $2.46B 44.0% |
| Transmission | $172.0M 2.3% | $169.0M 2.7% | $186.0M 2.5% | $190.0M 3.4% |
| Wholesale | $206.0M 2.8% | $145.0M 2.3% | $217.0M 2.9% | $89.0M 1.6% |
| Other | $68.0M 0.9% | $67.0M 1.1% | $62.0M 0.8% | $57.0M 1.0% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 7, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.