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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

DateRevenueChange
2023-12-31$14.21B-7.21%
2022-12-31$15.31B13.99%
2021-12-31$13.43B16.53%
2020-12-31$11.53B-0.03%
2019-12-31$11.53B-0.07%
2018-12-31$11.54B1.17%
2017-12-31$11.40B2.67%
2016-12-31$11.11B0.75%
2015-12-31$11.02B-5.66%
2014-12-31$11.69B7.07%
2013-12-31$10.91B7.77%
2012-12-31$10.13B-4.94%
2011-12-31$10.65B3.33%
2010-12-31$10.31B6.93%
2009-12-31$9.64B-13.93%
2008-12-31$11.20B11.65%
2007-12-31$10.03B1.97%
2006-12-31$9.84B2.23%
2005-12-31$9.63B15.34%
2004-12-31$8.35B5.14%
2003-12-31$7.94B-16.66%
2002-12-31$9.52B-35.69%
2001-12-31$14.81B29.82%
2000-12-31$11.41B297.67%
1999-12-31$2.87B1.77%
1998-12-31$2.82B3.12%
1997-12-31$2.73B3.00%
1996-12-31$2.65B3.33%
1995-12-31$2.57B3.30%
1994-12-31$2.49B3.43%
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

DateRevenueChange
2024-09-30$3.64B19.79%
2024-06-30$3.04B-16.82%
2024-03-31$3.66B6.25%
2023-12-31$3.44B-6.01%
2023-09-30$3.66B21.18%
2023-06-30$3.02B-25.93%
2023-03-31$4.08B0.67%
2022-12-31$4.05B-0.71%
2022-09-30$4.08B19.22%
2022-06-30$3.42B-8.72%
2022-03-31$3.75B11.80%
2021-12-31$3.35B-3.23%
2021-09-30$3.47B13.01%
2021-06-30$3.07B-13.36%
2021-03-31$3.54B20.16%
2020-12-31$2.95B-7.39%
2020-09-30$3.18B23.05%
2020-06-30$2.59B-8.00%
2020-03-31$2.81B0.46%
2019-12-31$2.80B-7.14%
2019-09-30$3.01B16.92%
2019-06-30$2.58B-17.96%
2019-03-31$3.14B9.06%
2018-12-31$2.88B-5.51%
2018-09-30$3.05B14.67%
2018-06-30$2.66B-9.93%
2018-03-31$2.95B5.54%
2017-12-31$2.80B-7.32%
2017-09-30$3.02B14.06%
2017-06-30$2.64B-10.23%
2017-03-31$2.95B5.43%
2016-12-31$2.79B-8.08%
2016-09-30$3.04B21.61%
2016-06-30$2.50B-9.83%
2016-03-31$2.77B4.78%
2015-12-31$2.65B-8.81%
2015-09-30$2.90B15.35%
2015-06-30$2.52B-15.09%
2015-03-31$2.96B1.15%
2014-12-31$2.93B2.05%
2014-09-30$2.87B6.88%
2014-06-30$2.69B-16.16%
2014-03-31$3.20B17.28%
2013-12-31$2.73B-3.24%
2013-09-30$2.82B9.44%
2013-06-30$2.58B-7.33%
2013-03-31$2.78B9.08%
2012-12-31$2.55B-6.36%
2012-09-30$2.72B19.77%
2012-06-30$2.27B-11.77%
2012-03-31$2.58B0.38%
2011-12-31$2.57B-9.29%
2011-09-30$2.83B16.13%
2011-06-30$2.44B-13.43%
2011-03-31$2.82B9.72%
2010-12-31$2.57B-2.35%
2010-09-30$2.63B13.91%
2010-06-30$2.31B-17.80%
2010-03-31$2.81B7.23%
2009-12-31$2.62B13.11%
2009-09-30$2.31B14.80%
2009-06-30$2.02B-25.21%
2009-03-31$2.70B-0.44%
2008-12-31$2.71B-5.05%
2008-09-30$2.85B9.03%
2008-06-30$2.62B-13.63%
2008-03-31$3.03B16.33%
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/ServiceDec 23Dec 22Dec 21Dec 20Dec 19
Product$13.59B----
Wholesale Distribution$815.00M----
Transmission Services$649.00M----
Regulated Electric$11.45B----
Other Segments$115.00M$107.00M$94.00M$88.00M$86.00M
Regulated Natural Gas$2.65B----
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-
Natural Gas, US Regulated----$1.87B
Electricity, US Regulated----$9.58B

Xcel Energy's latest annual revenue breakdown by segment (product or service), as of Dec 23: Product (32.35%), Retail Distribution (28.35%), Regulated Electric (27.25%), Regulated Natural Gas (6.30%), Wholesale Distribution (1.94%), Transmission Services (1.54%), Alternative and Other (1.46%), Other Services (0.52%), and Other Segments (0.27%).

Quarterly Revenue by Product

Product/ServiceSep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19
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-----
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------
Alternative and Other---$428.00M$187.00M---------------
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---------------
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-
Natural Gas, US Regulated----------------$219.00M$281.00M$583.00M-
Electricity, US Regulated----------------$2.94B$2.29B$2.20B-

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

TickerCompanyLast Year RevenueLast Quarter Revenue
SOSouthern$25.25B$7.27B
AEPAmerican Electric Power$18.98B$5.42B
XELXcel Energy$14.21B$3.64B
FEFirstEnergy$12.87B$3.73B
DTEDTE Energy$12.74B$2.91B
ETREntergy$12.15B$3.39B
CNPCenterPoint Energy$8.70B$1.86B
AEEAmeren$7.50B$2.17B
CMSCMS Energy$7.46B$1.74B
EVRGEvergy$5.49B$1.45B
PNWPinnacle West Capital$4.70B$1.77B
LNTAlliant Energy$4.03B$1.01B
MGEEMGE 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, Wholesale Distribution, Transmission Services, Regulated Electric, Other Segments, Regulated Natural Gas, Alternative and Other, Retail Distribution, and Other Services. Product generated $13.59B in revenue, accounting 32.35% of the company's total revenue Wholesale Distribution generated $815M in revenue, accounting 1.94% of the company's total revenue Transmission Services generated $649M in revenue, accounting 1.54% of the company's total revenue Regulated Electric generated $11.45B in revenue, accounting 27.25% of the company's total revenue Other Segments generated $115M in revenue, accounting 0.27% of the company's total revenue, up 7.48% year-over-year. Regulated Natural Gas generated $2.65B in revenue, accounting 6.30% of the company's total revenue Alternative and Other generated $615M in revenue, accounting 1.46% of the company's total revenue Retail Distribution generated $11.91B in revenue, accounting 28.35% of the company's total revenue Other Services generated $219M in revenue, accounting 0.52% 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 32.35% of the company's total revenue.