# XCEL ENERGY INC (XEL) · Edgar & Edgarette company card

> 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.

SEC CIK 72903 · fiscal year ended 2018-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/XEL) · [JSON](https://www.pops4.com/boards/company/XEL.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $11.5B |
| Revenue growth, 1 year | 1.2% |
| Revenue growth per year | -0.3% |
| Operating margin | 17.0% (prior year 19.5%) |
| Net margin | 10.9% |
| Operating cash flow | $3.1B |
| Capital spending | $4.0B |
| Free cash flow | −$835M |
| Cash | $147M |
| Long-term debt | $16.2B |
| Total assets | $46.0B |
| Total equity | $12.2B |
| Equity ÷ assets | 26.6% |
| Return on equity | 10.3% |
| Dividend per share | $2.28 |
| Dividend years rising | 16 |

## Readings, computed from those figures

- Piotroski F: 5 of 9 (middling)
- Health Harbor boat: New ship · no warning signs

## Edgarette's reading

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; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). 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%.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 2, latest 2026-07-29 ([filing](https://www.sec.gov/Archives/edgar/data/72903/000007290326000147/0000072903-26-000147-index.htm))

## Recent filings

- 8-K · filed 2026-11-05 · 2.03 Creation of a Direct Financial Obligation; 3.02 Unregistered Sales of Equity Securities; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/72903/000119312526449951/0001193125-26-449951-index.htm)
- 8-K · filed 2026-11-03 · 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/72903/000119312526444394/0001193125-26-444394-index.htm)
- 8-K · filed 2026-11-02 · 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/72903/000119312526442653/0001193125-26-442653-index.htm)
- 8-K · filed 2026-10-30 · 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/72903/000119312526441768/0001193125-26-441768-index.htm)
- 10-Q · filed 2026-10-29 · [filing](https://www.sec.gov/Archives/edgar/data/72903/000007290326000181/0000072903-26-000181-index.htm)
- 8-K · filed 2026-10-29 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/72903/000007290326000178/0000072903-26-000178-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0000072903.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=72903

## Cite

POPS4, Edgar & Edgarette: XCEL ENERGY INC (XEL) company card, from the company's own SEC filings, accessed 2026-11-11, https://www.pops4.com/boards/company/XEL. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Its latest audited year is FY2025, which reports no revenue; the revenue figures and the range here are from FY2018, its last year with revenue on record. 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.