Xcel Energy annual free cash flow
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2024
2025
Xcel Energy Free Cash Flow (FCF) History (XEL)
Xcel Energy reported −$6.83B in free cash flow for fiscal 2025, a decrease of $4.10B from the previous fiscal year, with a free cash flow margin of −46.53%.
View full Xcel Energy company overviewXcel Energy free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | −$6.83B | −$4.10B | — | −46.53% |
| 2024 | 2024-12-31 | −$2.72B | −$2.20B | — | −20.26% |
| 2023 | 2023-12-31 | −$527.0M | $179.0M | — | −3.71% |
| 2022 | 2022-12-31 | −$706.0M | $1.35B | — | −4.61% |
| 2021 | 2021-12-31 | −$2.06B | $466.0M | — | −15.30% |
| 2020 | 2020-12-31 | −$2.52B | −$1.56B | — | −21.87% |
| 2019 | 2019-12-31 | −$962.0M | −$127.0M | — | −8.34% |
| 2018 | 2018-12-31 | −$835.0M | −$717.0M | — | −7.24% |
| 2017 | 2017-12-31 | −$118.0M | $25.0M | — | −1.03% |
| 2016 | 2016-12-31 | −$143.0M | $502.0M | — | −1.29% |
| 2015 | 2015-12-31 | −$645.0M | −$104.7M | — | −5.85% |
| 2014 | 2014-12-31 | −$540.3M | $271.0M | — | −4.62% |
| 2013 | 2013-12-31 | −$811.3M | −$2.82B | — | −7.43% |
| 2012 | 2012-12-31 | $2.00B | −$400.8M | −16.66% | +19.79% |
| 2011 | 2011-12-31 | $2.41B | $1.24B | +107.11% | +22.58% |
| 2010 | 2010-12-31 | $1.16B | −$751.5M | −39.28% | +11.26% |
| 2009 | 2009-12-31 | $1.91B | $225.3M | +13.35% | +19.83% |
| 2008 | 2008-12-31 | $1.69B | $2.15B | — | +15.06% |
| 2007 | 2007-12-31 | −$465.3M | — | — | −4.64% |
Xcel Energy quarterly free cash flow
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Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | −$1.85B | −$502.0M | — | −59.25% |
| Q1 2026 | 2026-03-31 | −$1.32B | −$365.0M | — | −32.95% |
| Q4 2025 | 2025-12-31 | −$3.23B | −$1.68B | — | −90.68% |
| Q3 2025 | 2025-09-30 | −$1.29B | −$1.25B | — | −32.95% |
| Q2 2025 | 2025-06-30 | −$1.35B | −$705.0M | — | −40.95% |
| Q1 2025 | 2025-03-31 | −$960.0M | −$473.0M | — | −24.58% |
| Q4 2024 | 2024-12-31 | −$1.55B | −$913.0M | — | −49.78% |
| Q3 2024 | 2024-09-30 | −$42.0M | −$299.0M | — | −1.15% |
| Q2 2024 | 2024-06-30 | −$641.0M | −$225.0M | — | −21.17% |
| Q1 2024 | 2024-03-31 | −$487.0M | −$759.0M | — | −13.35% |
| Q4 2023 | 2023-12-31 | −$640.0M | −$92.0M | — | −18.59% |
| Q3 2023 | 2023-09-30 | $257.0M | $363.0M | — | +7.02% |
| Q2 2023 | 2023-06-30 | −$416.0M | −$166.0M | — | −13.77% |
| Q1 2023 | 2023-03-31 | $272.0M | $74.0M | +37.37% | +6.67% |
| Q4 2022 | 2022-12-31 | −$548.0M | $54.0M | — | −13.52% |
| Q3 2022 | 2022-09-30 | −$106.0M | −$131.0M | — | −2.60% |
| Q2 2022 | 2022-06-30 | −$250.0M | $68.0M | — | −7.30% |
| Q1 2022 | 2022-03-31 | $198.0M | $1.36B | — | +5.28% |
| Q4 2021 | 2021-12-31 | −$602.0M | $412.0M | — | −17.94% |
| Q3 2021 | 2021-09-30 | $25.0M | $111.0M | — | +0.72% |
| Q2 2021 | 2021-06-30 | −$318.0M | $165.0M | — | −10.37% |
| Q1 2021 | 2021-03-31 | −$1.16B | −$222.0M | — | −32.76% |
| Q4 2020 | 2020-12-31 | −$1.01B | −$513.0M | — | −34.41% |
| Q3 2020 | 2020-09-30 | −$86.0M | $20.0M | — | −2.70% |
| Q2 2020 | 2020-06-30 | −$483.0M | −$179.0M | — | −18.68% |
| Q1 2020 | 2020-03-31 | −$938.0M | −$887.0M | — | −33.37% |
| Q4 2019 | 2019-12-31 | −$501.0M | $146.0M | — | −17.91% |
| Q3 2019 | 2019-09-30 | −$106.0M | −$335.0M | — | −3.52% |
| Q2 2019 | 2019-06-30 | −$304.0M | $140.0M | — | −11.80% |
| Q1 2019 | 2019-03-31 | −$51.0M | −$78.0M | — | −1.62% |
| Q4 2018 | 2018-12-31 | −$647.0M | −$418.0M | — | −21.62% |
| Q3 2018 | 2018-09-30 | $229.0M | −$64.0M | −21.84% | +7.51% |
| Q2 2018 | 2018-06-30 | −$444.0M | −$293.0M | — | −17.45% |
| Q1 2018 | 2018-03-31 | $27.0M | $58.0M | — | +0.91% |
| Q4 2017 | 2017-12-31 | −$229.0M | $152.9M | — | −7.53% |
| Q3 2017 | 2017-09-30 | $293.0M | $66.0M | +29.10% | +9.71% |
| Q2 2017 | 2017-06-30 | −$151.0M | −$60.7M | — | −5.94% |
| Q1 2017 | 2017-03-31 | −$31.0M | −$133.2M | — | −1.11% |
| Q4 2016 | 2016-12-31 | −$381.9M | $566.7M | — | −13.66% |
| Q3 2016 | 2016-09-30 | $227.0M | −$45.5M | −16.70% | +7.47% |
| Q2 2016 | 2016-06-30 | −$90.3M | $93.4M | — | −3.61% |
| Q1 2016 | 2016-03-31 | $102.2M | −$112.6M | −52.40% | +3.69% |
| Q4 2015 | 2015-12-31 | −$948.6M | −$705.2M | — | −35.86% |
| Q3 2015 | 2015-09-30 | $272.5M | $33.2M | +13.89% | +9.39% |
| Q2 2015 | 2015-06-30 | −$183.7M | $122.6M | — | −7.30% |
| Q1 2015 | 2015-03-31 | $214.8M | $444.8M | — | +7.25% |
| Q4 2014 | 2014-12-31 | −$243.3M | $116.7M | — | −8.31% |
| Q3 2014 | 2014-09-30 | $239.2M | $168.0M | +235.71% | +8.34% |
| Q2 2014 | 2014-06-30 | −$306.3M | $106.4M | — | −11.41% |
| Q1 2014 | 2014-03-31 | −$230.0M | −$120.1M | — | −7.18% |
| Q4 2013 | 2013-12-31 | −$360.0M | $1.01B | — | −13.18% |
| Q3 2013 | 2013-09-30 | $71.3M | $66.9M | +1540.49% | +2.52% |
| Q2 2013 | 2013-06-30 | −$412.6M | −$194.1M | — | −16.00% |
| Q1 2013 | 2013-03-31 | −$109.9M | −$90.2M | — | −3.95% |
| Q4 2012 | 2012-12-31 | −$1.37B | −$250.2M | — | −53.82% |
| Q3 2012 | 2012-09-30 | $4.3M | −$314.7M | −98.64% | +0.16% |
| Q2 2012 | 2012-06-30 | −$218.5M | −$100.3M | — | −9.61% |
| Q1 2012 | 2012-03-31 | −$19.7M | −$138.8M | — | −0.77% |
| Q4 2011 | 2011-12-31 | −$1.12B | −$660.9M | — | −43.72% |
| Q3 2011 | 2011-09-30 | $319.1M | $300.6M | +1629.16% | +11.27% |
| Q2 2011 | 2011-06-30 | −$118.3M | $6.2M | — | −4.85% |
| Q1 2011 | 2011-03-31 | $119.1M | $48.8M | +69.34% | +4.23% |
| Q4 2010 | 2010-12-31 | −$461.9M | $564.7M | — | −17.99% |
| Q3 2010 | 2010-09-30 | $18.5M | −$121.4M | −86.80% | +0.70% |
| Q2 2010 | 2010-06-30 | −$124.5M | $32.0M | — | −5.39% |
| Q1 2010 | 2010-03-31 | $70.3M | −$264.4M | −78.99% | +2.51% |
| Q4 2009 | 2009-12-31 | −$1.03B | −$951.8M | — | −39.21% |
| Q3 2009 | 2009-09-30 | $139.8M | — | — | +6.04% |
| Q2 2009 | 2009-06-30 | −$156.4M | — | — | −7.76% |
| Q1 2009 | 2009-03-31 | $334.7M | — | — | +12.42% |
| Q3 2008 | 2008-09-30 | −$74.8M | — | — | −2.62% |
Xcel Energy free cash flow growth trends
Over the last five reported fiscal years, free cash flow declined from −$2.52B to −$6.83B, a net decrease of $4.30B. Xcel Energy's latest reported quarter, Q2 2026, generated −$1.85B in free cash flow, a decrease of $502.0M year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Xcel Energy filings at SEC.gov ↗