Xcel Energy (XEL) Revenue & Revenue Breakdown

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Xcel Energy Revenue Highlights

Latest Revenue (Y)

$14.21B

Latest Revenue (Q)

$3.64B

Main Segment (Y)

Product

Xcel Energy Revenue by Period

Xcel Energy Revenue by Year

Date	Revenue	Change
2023-12-31	$14.21B	-7.21%
2022-12-31	$15.31B	13.99%
2021-12-31	$13.43B	16.53%
2020-12-31	$11.53B	-0.03%
2019-12-31	$11.53B	-0.07%
2018-12-31	$11.54B	1.17%
2017-12-31	$11.40B	2.67%
2016-12-31	$11.11B	0.75%
2015-12-31	$11.02B	-5.66%
2014-12-31	$11.69B	7.07%
2013-12-31	$10.91B	7.77%
2012-12-31	$10.13B	-4.94%
2011-12-31	$10.65B	3.33%
2010-12-31	$10.31B	6.93%
2009-12-31	$9.64B	-13.93%
2008-12-31	$11.20B	11.65%
2007-12-31	$10.03B	1.97%
2006-12-31	$9.84B	2.23%
2005-12-31	$9.63B	15.34%
2004-12-31	$8.35B	5.14%
2003-12-31	$7.94B	-16.66%
2002-12-31	$9.52B	-35.69%
2001-12-31	$14.81B	29.82%
2000-12-31	$11.41B	297.67%
1999-12-31	$2.87B	1.77%
1998-12-31	$2.82B	3.12%
1997-12-31	$2.73B	3.00%
1996-12-31	$2.65B	3.33%
1995-12-31	$2.57B	3.30%
1994-12-31	$2.49B	3.43%
1993-12-31	$2.40B	-

Xcel Energy generated $14.21B in revenue during NA 2023, up -7.21% compared to the previous quarter, and up 123.13% compared to the same period a year ago.

Xcel Energy Revenue by Quarter

Date	Revenue	Change
2024-09-30	$3.64B	19.79%
2024-06-30	$3.04B	-16.82%
2024-03-31	$3.66B	6.25%
2023-12-31	$3.44B	-6.01%
2023-09-30	$3.66B	21.18%
2023-06-30	$3.02B	-25.93%
2023-03-31	$4.08B	0.67%
2022-12-31	$4.05B	-0.71%
2022-09-30	$4.08B	19.22%
2022-06-30	$3.42B	-8.72%
2022-03-31	$3.75B	11.80%
2021-12-31	$3.35B	-3.23%
2021-09-30	$3.47B	13.01%
2021-06-30	$3.07B	-13.36%
2021-03-31	$3.54B	20.16%
2020-12-31	$2.95B	-7.39%
2020-09-30	$3.18B	23.05%
2020-06-30	$2.59B	-8.00%
2020-03-31	$2.81B	0.46%
2019-12-31	$2.80B	-7.14%
2019-09-30	$3.01B	16.92%
2019-06-30	$2.58B	-17.96%
2019-03-31	$3.14B	9.06%
2018-12-31	$2.88B	-5.51%
2018-09-30	$3.05B	14.67%
2018-06-30	$2.66B	-9.93%
2018-03-31	$2.95B	5.54%
2017-12-31	$2.80B	-7.32%
2017-09-30	$3.02B	14.06%
2017-06-30	$2.64B	-10.23%
2017-03-31	$2.95B	5.43%
2016-12-31	$2.79B	-8.08%
2016-09-30	$3.04B	21.61%
2016-06-30	$2.50B	-9.83%
2016-03-31	$2.77B	4.78%
2015-12-31	$2.65B	-8.81%
2015-09-30	$2.90B	15.35%
2015-06-30	$2.52B	-15.09%
2015-03-31	$2.96B	1.15%
2014-12-31	$2.93B	2.05%
2014-09-30	$2.87B	6.88%
2014-06-30	$2.69B	-16.16%
2014-03-31	$3.20B	17.28%
2013-12-31	$2.73B	-3.24%
2013-09-30	$2.82B	9.44%
2013-06-30	$2.58B	-7.33%
2013-03-31	$2.78B	9.08%
2012-12-31	$2.55B	-6.36%
2012-09-30	$2.72B	19.77%
2012-06-30	$2.27B	-11.77%
2012-03-31	$2.58B	0.38%
2011-12-31	$2.57B	-9.29%
2011-09-30	$2.83B	16.13%
2011-06-30	$2.44B	-13.43%
2011-03-31	$2.82B	9.72%
2010-12-31	$2.57B	-2.35%
2010-09-30	$2.63B	13.91%
2010-06-30	$2.31B	-17.80%
2010-03-31	$2.81B	7.23%
2009-12-31	$2.62B	13.11%
2009-09-30	$2.31B	14.80%
2009-06-30	$2.02B	-25.21%
2009-03-31	$2.70B	-0.44%
2008-12-31	$2.71B	-5.05%
2008-09-30	$2.85B	9.03%
2008-06-30	$2.62B	-13.63%
2008-03-31	$3.03B	16.33%
2007-12-31	$2.60B	-

Xcel Energy generated $3.64B in revenue during Q3 2024, up 19.79% compared to the previous quarter, and up 120.58% compared to the same period a year ago.

Xcel Energy Revenue Breakdown

Xcel Energy Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Product	$13.59B	-	-	-	-
Transmission Services	$649.00M	-	-	-	-
Wholesale Distribution	$815.00M	-	-	-	-
Alternative and Other	$615.00M	-	-	-	-
Retail Distribution	$11.91B	-	-	-	-
Other Services	$219.00M	-	-	-	-
Regulated Electric Segment	-	$12.13B	$11.21B	$9.80B	-
Regulated Natural Gas Segment	-	$3.08B	$2.13B	$1.64B	-
Other Segments	-	$107.00M	$94.00M	$88.00M	$86.00M
Electricity, US Regulated	-	-	-	-	$9.58B
Natural Gas, US Regulated	-	-	-	-	$1.87B

Xcel Energy's latest annual revenue breakdown by segment (product or service), as of Dec 23: Product (48.89%), Retail Distribution (42.84%), Wholesale Distribution (2.93%), Transmission Services (2.33%), Alternative and Other (2.21%), and Other Services (0.79%).

Quarterly Revenue by Product

Product/Service	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19
Regulated Natural Gas	$239.00M	$1.30B	$942.00M	$393.00M	$1.29B	$1.16B	$358.00M	$477.00M	$1.09B	$768.00M	$269.00M	$1.10B	$647.00M	$554.00M	-	-	-	-	-	-
Regulated Electric	$8.74B	$5.34B	$2.69B	$2.60B	$2.76B	$2.87B	$3.70B	$2.92B	$2.63B	$2.56B	$3.18B	$2.60B	$2.87B	$2.37B	$189.00M	-	-	-	-	-
Retail Distribution	-	-	-	$8.90B	$3.01B	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Services	-	-	-	$177.00M	$42.00M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Product	-	-	-	$10.12B	$3.48B	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transmission Services	-	-	-	$471.00M	$178.00M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Wholesale Distribution	-	-	-	$571.00M	$244.00M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Alternative and Other	-	-	-	$428.00M	$187.00M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Segments	-	-	-	-	-	$28.00M	$29.00M	$28.00M	$26.00M	$25.00M	$28.00M	$25.00M	$23.00M	$22.00M	$24.00M	$21.00M	$22.00M	$20.00M	$25.00M	-
Electricity, US Regulated	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$2.94B	$2.29B	$2.20B	-
Natural Gas, US Regulated	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$219.00M	$281.00M	$583.00M	-

Xcel Energy's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Regulated Electric (97.34%), and Regulated Natural Gas (2.66%).

Xcel Energy Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
SO	Southern Company	$25.25B	$7.27B
AEP	American Electric Power Company	$18.98B	$5.42B
XEL	Xcel Energy	$14.21B	$3.64B
FE	FirstEnergy	$12.87B	$3.73B
DTE	DTE Energy Company	$12.74B	$2.91B
ETR	Entergy	$12.15B	$3.39B
CNP	CenterPoint Energy	$8.70B	$1.86B
AEE	Ameren	$7.50B	$2.17B
CMS	CMS Energy	$7.46B	$1.74B
EVRG	Evergy	$5.49B	$1.45B
PNW	Pinnacle West Capital	$4.70B	$1.77B
LNT	Alliant Energy	$4.03B	$1.01B
MGEE	MGE Energy	$690.43M	$145.71M

XEL Revenue FAQ

What is Xcel Energy’s yearly revenue?

Xcel Energy's yearly revenue for 2023 was $14.21B, representing a decrease of -7.21% compared to 2022. The company's yearly revenue for 2022 was $15.31B, representing an increase of 13.99% compared to 2021. XEL's yearly revenue for 2021 was $13.43B, representing an increase of 16.53% compared to 2020.

What is Xcel Energy’s quarterly revenue?

Xcel Energy's quarterly revenue for Q3 2024 was $3.64B, a 19.79% increase from the previous quarter (Q2 2024), and a -0.49% decrease year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $3.04B, a -16.82% decrease from the previous quarter (Q1 2024), and a 0.66% increase year-over-year (Q2 2023). XEL's quarterly revenue for Q1 2024 was $3.66B, a 6.25% increase from the previous quarter (Q4 2023), and a -10.37% decrease year-over-year (Q1 2023).

What is Xcel Energy’s revenue growth rate?

Xcel Energy's revenue growth rate for the last 3 years (2021-2023) was 5.77%, and for the last 5 years (2019-2023) was 23.22%.

What are Xcel Energy’s revenue streams?

Xcel Energy's revenue streams in c 23 are Product, Transmission Services, Wholesale Distribution, Alternative and Other, Retail Distribution, and Other Services. Product generated $13.59B in revenue, accounting 48.89% of the company's total revenue Transmission Services generated $649M in revenue, accounting 2.33% of the company's total revenue Wholesale Distribution generated $815M in revenue, accounting 2.93% of the company's total revenue Alternative and Other generated $615M in revenue, accounting 2.21% of the company's total revenue Retail Distribution generated $11.91B in revenue, accounting 42.84% of the company's total revenue Other Services generated $219M in revenue, accounting 0.79% of the company's total revenue

What is Xcel Energy’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Xcel Energy was Product. This segment made a revenue of $13.59B, representing 48.89% of the company's total revenue.