Xcel Energy (XEL)
Utilities · Regulated Electric and Natural Gas Utilities
Xcel Energy is a regulated electric and natural gas utility serving millions of customers across the upper Midwest, Colorado, and the Southwest with a focus on renewable energy transition and grid modernization.
What Xcel Energy does
Xcel Energy Inc. is a regulated utility holding company that generates, transmits, distributes and sells electricity and natural gas to retail and wholesale customers. The company operates through four primary utility subsidiaries: Northern States Power Company (Minnesota and Wisconsin), Public Service Company of Colorado, and Southwestern Public Service Company. Xcel manages integrated electric production and transmission systems across multiple states and operates regulated generation, transmission, and distribution assets serving millions of customers while managing commodity risks and pursuing renewable energy investments.
Themes: ["Regulated utility infrastructure","Renewable energy transition","Grid modernization","Nuclear power operations","Environmental compliance (CCR, PFAS, greenhouse gas)","Regional transmission operations (MISO, SPP)","Rate regulation and cost recovery","Dividend growth strategy","Energy efficiency and DSM"]
Fundamentals
- Price$79.62 as of 2026-07-08 close
- Market cap$50.5B as of 2026-07-09
- 1-year return+17.9% as of 2026-07-08 close
- P/E24.16 as of 2026-07-09
- Net margin+14.2% as of 2026-07-09
- Gross margin+40.4% as of 2026-07-09
- ROE+9.3% as of 2026-07-09
- Debt / equity1.61 as of 2026-07-09
- Revenue growth (YoY)+8.0% as of 2026-07-09
- Revenue CAGR (3y)+1.5% SEC XBRL
- Beta0.41 as of 2026-07-09
Dividend: yield +2.9%; 4-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Regulatory risk: Ability to recover costs from customers and obtain adequate rate increases depends on regulatory decisions by multiple state commissions; changes in regulation or adverse rate decisions could materially impact financial performance","Operational safety and nuclear risk: Operations of nuclear generation facilities and other utility infrastructure carry inherent safety risks; operational failures or regulatory scrutiny could impact operations and profitability","Commodity and environmental risks: Exposure to energy market volatility, fuel costs, wildfires, and increasingly stringent environmental regulations (CCR disposal, PFAS, GHG emissions) requiring significant capital investment and potential liability"]
Competitors & peers
Fundamentals: Finnhub, as of 2026-07-09. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-08.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.