Xcel Energy annual net debt
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2025
Xcel Energy Net Debt Growth & History (XEL)
Xcel Energy's net debt was $34.01B for fiscal 2025.
View full Xcel Energy company overviewXcel Energy annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $34.01B | $5.08B | +17.56% |
| 2024 | 2024-12-31 | $28.93B | $2.09B | +7.80% |
| 2023 | 2023-12-31 | $26.83B | $2.06B | +8.33% |
| 2022 | 2022-12-31 | $24.77B | $801.0M | +3.34% |
| 2021 | 2021-12-31 | $23.97B | $2.31B | +10.67% |
| 2020 | 2020-12-31 | $21.66B | $2.16B | +11.08% |
| 2019 | 2019-12-31 | $19.50B | $2.80B | +16.79% |
| 2018 | 2018-12-31 | $16.69B | $1.44B | +9.46% |
| 2017 | 2017-12-31 | $15.25B | $749.0M | +5.16% |
| 2016 | 2016-12-31 | $14.50B | $1.34B | +10.20% |
| 2015 | 2015-12-31 | $13.16B | $720.7M | +5.79% |
| 2014 | 2014-12-31 | $12.44B | $876.5M | +7.58% |
| 2013 | 2013-12-31 | $11.56B | $899.0M | +8.43% |
| 2012 | 2012-12-31 | $10.66B | $1.66B | +18.39% |
| 2011 | 2011-12-31 | $9.01B | −$669.3M | −6.92% |
| 2010 | 2010-12-31 | $9.68B | $900.3M | +10.26% |
| 2009 | 2009-12-31 | $8.78B | $848.7M | +10.71% |
| 2008 | 2008-12-31 | $7.93B | — | — |
Xcel Energy quarterly net debt
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Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $37.31B | $5.69B | +18.00% |
| Q1 2026 | 2026-03-31 | $35.14B | $5.04B | +16.76% |
| Q4 2025 | 2025-12-31 | $34.01B | $5.08B | +17.56% |
| Q3 2025 | 2025-09-30 | $33.20B | $6.04B | +22.25% |
| Q2 2025 | 2025-06-30 | $31.62B | $3.51B | +12.50% |
| Q1 2025 | 2025-03-31 | $30.10B | $2.53B | +9.19% |
| Q4 2024 | 2024-12-31 | $28.93B | $2.09B | +7.80% |
| Q3 2024 | 2024-09-30 | $27.16B | $1.68B | +6.59% |
| Q2 2024 | 2024-06-30 | $28.11B | $2.63B | +10.33% |
| Q1 2024 | 2024-03-31 | $27.57B | $2.54B | +10.15% |
| Q4 2023 | 2023-12-31 | $26.83B | $2.06B | +8.33% |
| Q3 2023 | 2023-09-30 | $25.48B | $919.0M | +3.74% |
| Q2 2023 | 2023-06-30 | $25.48B | $1.21B | +5.00% |
| Q1 2023 | 2023-03-31 | $25.03B | $1.29B | +5.43% |
| Q4 2022 | 2022-12-31 | $24.77B | $801.0M | +3.34% |
| Q3 2022 | 2022-09-30 | $24.56B | $1.06B | +4.50% |
| Q2 2022 | 2022-06-30 | $24.26B | $124.0M | +0.51% |
| Q1 2022 | 2022-03-31 | $23.74B | $321.0M | +1.37% |
| Q4 2021 | 2021-12-31 | $23.97B | $2.31B | +10.67% |
| Q3 2021 | 2021-09-30 | $23.50B | $2.32B | +10.96% |
| Q2 2021 | 2021-06-30 | $24.14B | $3.62B | +17.62% |
| Q1 2021 | 2021-03-31 | $23.42B | $3.58B | +18.04% |
| Q4 2020 | 2020-12-31 | $21.66B | $2.16B | +11.08% |
| Q3 2020 | 2020-09-30 | $21.18B | $2.50B | +13.38% |
| Q2 2020 | 2020-06-30 | $20.52B | $1.45B | +7.58% |
| Q1 2020 | 2020-03-31 | $19.84B | $868.0M | +4.58% |
| Q4 2019 | 2019-12-31 | $19.50B | $2.80B | +16.79% |
| Q3 2019 | 2019-09-30 | $18.68B | $2.95B | +18.73% |
| Q2 2019 | 2019-06-30 | $19.08B | $3.42B | +21.81% |
| Q1 2019 | 2019-03-31 | $18.97B | $3.54B | +22.93% |
| Q4 2018 | 2018-12-31 | $16.69B | $1.44B | +9.46% |
| Q3 2018 | 2018-09-30 | $15.73B | $812.0M | +5.44% |
| Q2 2018 | 2018-06-30 | $15.66B | $846.2M | +5.71% |
| Q1 2018 | 2018-03-31 | $15.43B | $1.20B | +8.46% |
| Q4 2017 | 2017-12-31 | $15.25B | $749.0M | +5.16% |
| Q3 2017 | 2017-09-30 | $14.92B | $1.50B | +11.22% |
| Q2 2017 | 2017-06-30 | $14.81B | $1.34B | +9.94% |
| Q1 2017 | 2017-03-31 | $14.23B | $997.6M | +7.54% |
| Q4 2016 | 2016-12-31 | $14.50B | $1.34B | +10.20% |
| Q3 2016 | 2016-09-30 | $13.42B | $1.06B | +8.62% |
| Q2 2016 | 2016-06-30 | $13.48B | $1.26B | +10.35% |
| Q1 2016 | 2016-03-31 | $13.23B | $894.5M | +7.25% |
| Q4 2015 | 2015-12-31 | $13.16B | $720.7M | +5.79% |
| Q3 2015 | 2015-09-30 | $12.35B | $289.5M | +2.40% |
| Q2 2015 | 2015-06-30 | $12.21B | −$219.5M | −1.77% |
| Q1 2015 | 2015-03-31 | $12.34B | $497.4M | +4.20% |
| Q4 2014 | 2014-12-31 | $12.44B | $876.5M | +7.58% |
| Q3 2014 | 2014-09-30 | $12.06B | $946.4M | +8.52% |
| Q2 2014 | 2014-06-30 | $12.43B | $1.32B | +11.87% |
| Q1 2014 | 2014-03-31 | $11.84B | $884.0M | +8.07% |
| Q4 2013 | 2013-12-31 | $11.56B | $899.0M | +8.43% |
| Q3 2013 | 2013-09-30 | $11.11B | $1.45B | +15.02% |
| Q2 2013 | 2013-06-30 | $11.11B | $1.99B | +21.79% |
| Q1 2013 | 2013-03-31 | $10.95B | $2.12B | +23.95% |
| Q4 2012 | 2012-12-31 | $10.66B | $1.66B | +18.39% |
| Q3 2012 | 2012-09-30 | $9.66B | $356.7M | +3.83% |
| Q2 2012 | 2012-06-30 | $9.12B | −$694.1M | −7.07% |
| Q1 2012 | 2012-03-31 | $8.84B | −$863.7M | −8.90% |
| Q4 2011 | 2011-12-31 | $9.01B | −$669.3M | −6.92% |
| Q3 2011 | 2011-09-30 | $9.31B | $624.9M | +7.20% |
| Q2 2011 | 2011-06-30 | $9.82B | $1.35B | +15.99% |
| Q1 2011 | 2011-03-31 | $9.70B | $1.46B | +17.68% |
| Q4 2010 | 2010-12-31 | $9.68B | $900.3M | +10.26% |
| Q3 2010 | 2010-09-30 | $8.68B | $332.0M | +3.98% |
| Q2 2010 | 2010-06-30 | $8.46B | $418.7M | +5.20% |
| Q1 2010 | 2010-03-31 | $8.24B | — | — |
| Q4 2009 | 2009-12-31 | $8.78B | $838.1M | +10.56% |
| Q3 2009 | 2009-09-30 | $8.35B | — | — |
| Q2 2009 | 2009-06-30 | $8.05B | — | — |
| Q4 2008 | 2008-12-31 | $7.94B | — | — |
Xcel Energy net debt trends
Over the last five fiscal years, Xcel Energy's net debt increased from $21.66B to $34.01B, a change of $12.35B. The latest reported quarter, Q2 2026, shows $37.31B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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