Xcel Energy annual capital expenditures (capex)
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Xcel Energy Capital Expenditures (CapEx) Growth & History (XEL)
Xcel Energy's capital expenditures (capex) was $10.91B for fiscal 2025.
View full Xcel Energy company overviewXcel Energy annual capital expenditures (capex) history
| Fiscal year | Period ended | Capital expenditures (CapEx) | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $10.91B | $3.54B | +48.13% |
| 2024 | 2024-12-31 | $7.36B | $1.51B | +25.79% |
| 2023 | 2023-12-31 | $5.85B | $1.22B | +26.22% |
| 2022 | 2022-12-31 | $4.64B | $394.0M | +9.28% |
| 2021 | 2021-12-31 | $4.24B | −$1.13B | −20.95% |
| 2020 | 2020-12-31 | $5.37B | $1.14B | +27.08% |
| 2019 | 2019-12-31 | $4.22B | $268.0M | +6.77% |
| 2018 | 2018-12-31 | $3.96B | $713.0M | +21.98% |
| 2017 | 2017-12-31 | $3.24B | $49.0M | +1.53% |
| 2016 | 2016-12-31 | $3.19B | −$488.0M | −13.25% |
| 2015 | 2015-12-31 | $3.68B | $483.2M | +15.10% |
| 2014 | 2014-12-31 | $3.20B | −$195.5M | −5.76% |
| 2013 | 2013-12-31 | $3.40B | $3.40B | — |
| 2012 | 2012-12-31 | $0 | $0 | — |
| 2011 | 2011-12-31 | $0 | −$732.5M | — |
| 2010 | 2010-12-31 | $732.5M | $732.5M | — |
| 2009 | 2009-12-31 | $0 | $0 | — |
| 2008 | 2008-12-31 | $0 | −$2.10B | — |
| 2007 | 2007-12-31 | $2.10B | — | — |
Xcel Energy quarterly capital expenditures (capex)
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| Fiscal quarter | Period ended | Capital expenditures (CapEx) | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $2.95B | $521.0M | +21.47% |
| Q1 2026 | 2026-03-31 | $3.02B | $1.03B | +52.01% |
| Q4 2025 | 2025-12-31 | $3.44B | $1.22B | +55.07% |
| Q3 2025 | 2025-09-30 | $3.06B | $1.28B | +71.73% |
| Q2 2025 | 2025-06-30 | $2.43B | $596.0M | +32.55% |
| Q1 2025 | 2025-03-31 | $1.99B | $451.0M | +29.34% |
| Q4 2024 | 2024-12-31 | $2.22B | $603.0M | +37.36% |
| Q3 2024 | 2024-09-30 | $1.78B | $138.0M | +8.41% |
| Q2 2024 | 2024-06-30 | $1.83B | $497.0M | +37.26% |
| Q1 2024 | 2024-03-31 | $1.54B | $272.0M | +21.50% |
| Q4 2023 | 2023-12-31 | $1.61B | $301.0M | +22.92% |
| Q3 2023 | 2023-09-30 | $1.64B | $356.0M | +27.70% |
| Q2 2023 | 2023-06-30 | $1.33B | $236.0M | +21.49% |
| Q1 2023 | 2023-03-31 | $1.26B | $323.0M | +34.29% |
| Q4 2022 | 2022-12-31 | $1.31B | $101.0M | +8.33% |
| Q3 2022 | 2022-09-30 | $1.28B | $220.0M | +20.66% |
| Q2 2022 | 2022-06-30 | $1.10B | $155.0M | +16.44% |
| Q1 2022 | 2022-03-31 | $942.0M | −$82.0M | −8.01% |
| Q4 2021 | 2021-12-31 | $1.21B | −$476.0M | −28.20% |
| Q3 2021 | 2021-09-30 | $1.06B | −$47.0M | −4.23% |
| Q2 2021 | 2021-06-30 | $943.0M | −$19.0M | −1.98% |
| Q1 2021 | 2021-03-31 | $1.02B | −$583.0M | −36.28% |
| Q4 2020 | 2020-12-31 | $1.69B | $481.0M | +39.85% |
| Q3 2020 | 2020-09-30 | $1.11B | −$217.0M | −16.33% |
| Q2 2020 | 2020-06-30 | $962.0M | $117.0M | +13.85% |
| Q1 2020 | 2020-03-31 | $1.61B | $763.0M | +90.40% |
| Q4 2019 | 2019-12-31 | $1.21B | −$69.0M | −5.41% |
| Q3 2019 | 2019-09-30 | $1.33B | $502.0M | +60.70% |
| Q2 2019 | 2019-06-30 | $845.0M | −$149.0M | −14.99% |
| Q1 2019 | 2019-03-31 | $844.0M | −$16.0M | −1.86% |
| Q4 2018 | 2018-12-31 | $1.28B | $288.0M | +29.15% |
| Q3 2018 | 2018-09-30 | $827.0M | $45.0M | +5.75% |
| Q2 2018 | 2018-06-30 | $994.0M | $269.0M | +37.10% |
| Q1 2018 | 2018-03-31 | $860.0M | $111.0M | +14.82% |
| Q4 2017 | 2017-12-31 | $988.0M | −$20.5M | −2.03% |
| Q3 2017 | 2017-09-30 | $782.0M | $8.6M | +1.12% |
| Q2 2017 | 2017-06-30 | $725.0M | $12.2M | +1.71% |
| Q1 2017 | 2017-03-31 | $749.0M | $48.7M | +6.95% |
| Q4 2016 | 2016-12-31 | $1.01B | −$488.1M | −32.61% |
| Q3 2016 | 2016-09-30 | $773.4M | $64.9M | +9.17% |
| Q2 2016 | 2016-06-30 | $712.8M | $5.5M | +0.77% |
| Q1 2016 | 2016-03-31 | $700.3M | −$70.3M | −9.12% |
| Q4 2015 | 2015-12-31 | $1.50B | $598.2M | +66.58% |
| Q3 2015 | 2015-09-30 | $708.4M | −$17.2M | −2.37% |
| Q2 2015 | 2015-06-30 | $707.4M | −$45.8M | −6.08% |
| Q1 2015 | 2015-03-31 | $770.6M | −$52.0M | −6.32% |
| Q4 2014 | 2014-12-31 | $898.5M | −$42.7M | −4.53% |
| Q3 2014 | 2014-09-30 | $725.6M | −$131.8M | −15.38% |
| Q2 2014 | 2014-06-30 | $753.1M | −$91.4M | −10.82% |
| Q1 2014 | 2014-03-31 | $822.6M | $70.4M | +9.36% |
| Q4 2013 | 2013-12-31 | $941.1M | −$864.7M | −47.88% |
| Q3 2013 | 2013-09-30 | $857.4M | $155.1M | +22.09% |
| Q2 2013 | 2013-06-30 | $844.5M | $238.2M | +39.28% |
| Q1 2013 | 2013-03-31 | $752.3M | $255.0M | +51.29% |
| Q4 2012 | 2012-12-31 | $1.81B | $201.6M | +12.57% |
| Q3 2012 | 2012-09-30 | $702.3M | $220.3M | +45.72% |
| Q2 2012 | 2012-06-30 | $606.3M | $24.4M | +4.20% |
| Q1 2012 | 2012-03-31 | $497.2M | −$43.1M | −7.98% |
| Q4 2011 | 2011-12-31 | $1.60B | $774.7M | +93.40% |
| Q3 2011 | 2011-09-30 | $481.9M | −$112.7M | −18.96% |
| Q2 2011 | 2011-06-30 | $581.9M | $95.8M | +19.72% |
| Q1 2011 | 2011-03-31 | $540.3M | $59.1M | +12.28% |
| Q4 2010 | 2010-12-31 | $829.5M | −$481.2M | −36.71% |
| Q3 2010 | 2010-09-30 | $594.7M | $231.4M | +63.72% |
| Q2 2010 | 2010-06-30 | $486.1M | $16.5M | +3.50% |
| Q1 2010 | 2010-03-31 | $481.2M | $3.4M | +0.71% |
| Q4 2009 | 2009-12-31 | $1.31B | — | — |
| Q3 2009 | 2009-09-30 | $363.2M | −$119.8M | −24.81% |
| Q2 2009 | 2009-06-30 | $469.6M | — | — |
| Q1 2009 | 2009-03-31 | $477.8M | — | — |
| Q3 2008 | 2008-09-30 | $483.0M | — | — |
Xcel Energy capital expenditures (capex) trends
Over the last five fiscal years, Xcel Energy's capital expenditures (capex) increased from $5.37B to $10.91B, a change of $5.54B. The latest reported quarter, Q2 2026, shows $2.95B.
About the metric
What capital expenditures (CapEx) mean
Capital expenditures, commonly called CapEx, are cash investments in long-lived assets such as property, plants, equipment, infrastructure, and productive software. CapEx can support future growth or maintain existing operations, but it reduces current-period free cash flow.
Calculation and source
SEC-reported capital expenditures
TickerStat standardizes cash payments for property, plant, equipment, and other productive assets reported in company SEC filings. When a filer reports separate qualifying CapEx components instead of a total, those components are combined for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Xcel Energy source filings ↗