{ "ok": true, "cik": "72903", "ticker": "XEL", "name": "Xcel Energy Inc.", "filings": [ { "form": "8-K", "filed": "2026-08-20", "items": [ "8.01 Other Events" ], "url": "https://www.sec.gov/Archives/edgar/data/72903/000007290326000160/0000072903-26-000160-index.htm" }, { "form": "10-Q", "filed": "2026-07-30", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/72903/000007290326000154/0000072903-26-000154-index.htm" }, { "form": "8-K", "filed": "2026-07-30", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/72903/000007290326000149/0000072903-26-000149-index.htm" }, { "form": "8-K", "filed": "2026-07-29", "items": [ "5.02 Departure or Election of Directors; Appointment of Officers", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/72903/000007290326000147/0000072903-26-000147-index.htm" }, { "form": "8-K", "filed": "2026-07-14", "items": [ "8.01 Other Events" ], "url": "https://www.sec.gov/Archives/edgar/data/72903/000007290326000144/0000072903-26-000144-index.htm" }, { "form": "8-K", "filed": "2026-06-23", "items": [ "8.01 Other Events" ], "url": "https://www.sec.gov/Archives/edgar/data/72903/000007290326000109/0000072903-26-000109-index.htm" } ], "events12m": 24, "healthWatch": { "window": "last 12 months", "since": "2025-09-26", "signals": [ { "code": "5.02", "label": "Director or officer change", "count": 2, "latest": { "filed": "2026-07-29", "url": "https://www.sec.gov/Archives/edgar/data/72903/000007290326000147/0000072903-26-000147-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0000072903.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=72903" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets and no trading recommendations.", "edgar": "🫧 Edgar looked up Xcel Energy Inc. ($XEL). Last filing: 8-K (8.01 Other Events), 2026-08-20. 24 event filings (8-K) in the past twelve months.", "auditor": { "changes": [], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2018-12-31", "revenue": 11537000000, "revenueGrowth1y": 0.01166257453525077, "revenueGrowthPerYear": -0.0032058089869254625, "yearsOfData": 5, "operatingMargin": 0.17032157406604836, "operatingMarginPrior": 0.19493160294633463, "netMargin": 0.10930051139811042, "operatingCashFlow": 3122000000, "capitalSpending": 3957000000, "freeCashFlow": -835000000, "researchAndDevelopment": null, "researchShareOfRevenue": null, "cash": 147000000, "longTermDebt": 16209000000, "longTermDebtChange": 0.08225946451225208, "revenueHistory": [ { "fiscalYearEnd": "2014-12-31", "revenue": 11686135000 }, { "fiscalYearEnd": "2015-12-31", "revenue": 11024000000 }, { "fiscalYearEnd": "2016-12-31", "revenue": 11107000000 }, { "fiscalYearEnd": "2017-12-31", "revenue": 11404000000 }, { "fiscalYearEnd": "2018-12-31", "revenue": 11537000000 } ], "totalEquity": 12222000000, "totalAssets": 45987000000, "equityRatio": 0.26577076130210714, "returnOnEquity": 0.10317460317460317, "dividendsPaid": 730000000, "payoutRatio": 0.5789056304520223, "dividendPerShare": 2.28, "dividendYearsRising": 16, "dividendCut": false, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "earningsPerShare": 2.47, "sharesOutstanding": 511000000, "bookValuePerShare": 23.91780821917808, "revenuePerShare": 22.577299412915853, "range80": { "low": 10481958041.21785, "high": 12204398880.322876, "baseline": 11692401136.154114, "n": 1471, "band": "b10", "bandLabel": "$10B+", "method": "v4.1", "credibility": 0.625, "growthYears": 6, "ownVolatility": 0.0484135565306311, "classVolatility": 0.06659579566308972, "volatility": 0.05592893066173698 }, "ifPaceHeld": { "low": 10481958041.21785, "high": 12204398880.322876 } }, "edgarette": "🔖 Exposure: revenue $11.5B (FY2018), total debt $16.2B. Experience: revenue up 1.2% on the year, down 0.3% a year over 4 years; operating margin 17.0%, down from 19.5%. Soundness: equity 26.6% of assets, return on equity 10.3%, payout 57.9% of profit, dividend per share up 16 years running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $10.5B and $12.2B next year (method v4.1: its own 6-year record of growth weighed at 63% against $10B+ filers; on a year the method never saw, 83.4% landed inside). In a shock year the stress range is $9.8B to $13.0B. A statistical range, not company guidance. Against peers (18 filers, $50M+ revenue, electric & other services combined): operating margin 17.0% against a 20.2% median; growth 1.2% against 13.8%.", "peers": { "sic": 4931, "sicDescription": "Electric & Other Services Combined", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "4931", "growth": [ 0.1379, 18 ], "opMargin": [ 0.2023, 18 ], "equityRatio": [ 0.2856, 15 ], "returnOnEquity": [ 0.0823, 13 ], "payoutRatio": [ 0.5996, 11 ] }, "summary": "Xcel Energy (XEL) grew revenue 1.2% in FY2018 to $11.5 billion, operating margin 17.0% against a 20.2% median for electric & other services combined, equity 26.6% of assets, and dividend per share up 16 years running. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
Xcel Energy Inc. against its own record and its peers
Operating marginPeer median 20.2%17.0%Revenue, on the yearPeer median 13.8%1.2%Equity of assetsPeer median 28.6%26.6%Return on equityPeer median 8.2%10.3%Payout of profitPeer median 60.0%57.9%Gold tick: the median of 11–15 peers with $50M+ revenue in electric & other services combined
", "chartHorizon": "
Handed back now, or kept to compound
Of each dollar of profit57.9% paid out42.1% keptHanded back per share$2.28up 16 years runningGrowth its own profit can fund4.3%retained x return on equityRevenue growth it managed1.2%last year, for comparison

Gold is paid out to shareholders; navy is kept in the business. Retained profit times return on equity is the pace a company can fund from itself. Facts from the filings, not a recommendation.

", "backtest": { "tests": 8, "hits": 7, "rate": 0.875, "method": "v4", "byYear": { "2011": [ 1, 1 ], "2012": [ 1, 1 ], "2013": [ 0, 1 ], "2014": [ 1, 1 ], "2015": [ 1, 1 ], "2016": [ 1, 1 ], "2017": [ 1, 1 ], "2018": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Xcel Energy (XEL) grew revenue 1.2% in FY2018 to $11.5 billion, operating margin 17.0% against a 20.2% median for electric & other services combined, equity 26.6% of assets, and dividend per share up 16 years running. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2018-12-31", "revenue": 11537000000, "totalDebt": 16209000000, "cash": 147000000 }, "experience": { "revenueGrowth1y": 0.01166257453525077, "revenueGrowthPerYear": -0.0032058089869254625, "operatingMargin": 0.17032157406604836, "operatingMarginPrior": 0.19493160294633463, "netMargin": 0.10930051139811042, "freeCashFlow": -835000000 }, "soundness": { "equityRatio": 0.26577076130210714, "returnOnEquity": 0.10317460317460317, "payoutRatio": 0.5789056304520223, "dividendPerShare": 2.28, "dividendYearsRising": 16, "dividendCut": false, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 4931, "sicDescription": "Electric & Other Services Combined", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "4931", "growth": [ 0.1379, 18 ], "opMargin": [ 0.2023, 18 ], "equityRatio": [ 0.2856, 15 ], "returnOnEquity": [ 0.0823, 13 ], "payoutRatio": [ 0.5996, 11 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": null }, "healthWatch": { "window": "last 12 months", "since": "2025-09-26", "signals": [ { "code": "5.02", "label": "Director or officer change", "count": 2, "latest": { "filed": "2026-07-29", "url": "https://www.sec.gov/Archives/edgar/data/72903/000007290326000147/0000072903-26-000147-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "range": { "low": 10481958041.21785, "high": 12204398880.322876, "baseline": 11692401136.154114, "coverage": 0.8, "method": "v4.1", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); width = the company's own volatility of yearly growth, credibility-weighted against its size class (Buhlmann), scaled to the 80% target on 2023 and tested on 2024", "calibratedOn": { "companyYears": 1471, "sizeBand": "$10B+", "fitYears": [ 2018, 2022 ], "tuneYear": 2023, "testYear": 2024, "coverageOnTestYear": 0.8341 }, "credibility": { "weightOnOwnRecord": 0.625, "growthYears": 6, "ownVolatility": 0.0484135565306311, "classVolatility": 0.06659579566308972, "pricedVolatility": 0.05592893066173698, "k": 3 }, "stress": { "low": 9804309411.240631, "high": 12971587373.04116, "basis": "the same range with widths set to hold 80% across 2018-2023, pandemic years included" }, "kind": "a statistical range, not company guidance; no view on the share price", "track": { "backtest": { "tests": 8, "hits": 7, "rate": 0.875, "method": "v4", "byYear": { "2011": [ 1, 1 ], "2012": [ 1, 1 ], "2013": [ 0, 1 ], "2014": [ 1, 1 ], "2015": [ 1, 1 ], "2016": [ 1, 1 ], "2017": [ 1, 1 ], "2018": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": null, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0000072903.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=72903" }, "speedCash": null, "harbor": { "signs": [], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 0, "name": "New ship", "plain": "no warning signs" }, "cashFlow": { "fiscalYearEnd": "2018-12-31", "operating": 3122000000, "investing": -3986000000, "financing": 928000000, "capitalSpending": 3957000000, "free": -835000000, "trend": [ { "fiscalYearEnd": "2014-12-31", "operating": 2659486000, "free": -540305000 }, { "fiscalYearEnd": "2015-12-31", "operating": 3038000000, "free": -645000000 }, { "fiscalYearEnd": "2016-12-31", "operating": 3052000000, "free": -143000000 }, { "fiscalYearEnd": "2017-12-31", "operating": 3126000000, "free": -118000000 }, { "fiscalYearEnd": "2018-12-31", "operating": 3122000000, "free": -835000000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2018-12-31", "cash": 147000000, "shortTerm": 10000000, "longTerm": 426000000, "equityHoldings": null, "totalAssets": 45987000000, "ladder": { "within1y": 10000000, "y1to5": 107000000, "y5to10": 211000000, "y10plus": 108000000, "noSingleDate": null }, "currentRatio": 0.69, "unrealizedGain": null, "unrealizedLoss": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same range method applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so.", "healthWatch": "Distress-type events the company filed in the last 12 months (late-filing notices; 8-K items 1.03, 3.01, 2.04, 4.02, 4.01, 2.05, 2.06, 1.05, 5.02), each with its count and newest filing. Display only: they do not change the range or its receipt." }, "speedCash": null, "harbor": { "signs": [], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 0, "name": "New ship", "plain": "no warning signs" }, "cashFlow": { "fiscalYearEnd": "2018-12-31", "operating": 3122000000, "investing": -3986000000, "financing": 928000000, "capitalSpending": 3957000000, "free": -835000000, "trend": [ { "fiscalYearEnd": "2014-12-31", "operating": 2659486000, "free": -540305000 }, { "fiscalYearEnd": "2015-12-31", "operating": 3038000000, "free": -645000000 }, { "fiscalYearEnd": "2016-12-31", "operating": 3052000000, "free": -143000000 }, { "fiscalYearEnd": "2017-12-31", "operating": 3126000000, "free": -118000000 }, { "fiscalYearEnd": "2018-12-31", "operating": 3122000000, "free": -835000000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2018-12-31", "cash": 147000000, "shortTerm": 10000000, "longTerm": 426000000, "equityHoldings": null, "totalAssets": 45987000000, "ladder": { "within1y": 10000000, "y1to5": 107000000, "y5to10": 211000000, "y10plus": 108000000, "noSingleDate": null }, "currentRatio": 0.69, "unrealizedGain": null, "unrealizedLoss": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }