Xcel Energy Q4 FY25: where the revenue came from and where it went
The whole income statement of Xcel Energy for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Oct 1 – Dec 31, 2025
- Reported
- Feb 25, 2026
Revenue$3.56B
+14% year over year
Operating profit$0.44B
12% margin
Net profit$0.57B
16% margin
Net profit is larger than what operations earned, because the statement adds $0.13B below it, under Tax benefit.
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 3.56 | 100% | +14% |
| Regulated electric | 2.81 | 79% | +17% |
| Regulated natural gas | 0.74 | 21% | +6% |
| All other | 0.02 | 0% | +0% |
| Operating expenses | −3.13 | 88% | |
| Interest | −0.40 | 11% | +0pp |
| Other | −2.72 | 77% | +0pp |
| Operating profit | 0.44 | 12% margin | +7pp |
| Tax benefit | 0.13 | ||
| Net profit | 0.57 | 16% margin | +1pp |
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