Segment Information (Tables)

3 Months Ended

Mar. 31, 2026

Segment information and reconciliation to Xcel Energy’s consolidated net income:


	Three Months Ended March 31, 2026
(Millions of Dollars)	Regulated electric utility		Regulated natural gas utility		Total segments
Operating revenues	$	2,976	$	1,030	$	4,006
Intersegment revenue	—		4		4
Total segment revenues	2,976		1,034		4,010
Electric fuel and purchased power	1,019		—		1,019
Cost of natural gas sold and transported	—		520		520
O&M expenses	558		106		664
Depreciation and amortization	653		110		763
Other segment expenses, net	144		42		186
Interest charges and financing costs	250		34		284
Income tax (benefit) expense	(77)		52		(25)
Net income	$	429	$	170	$	599

Total segment net income					$	599
Non-segment net loss					(43)
Consolidated net income					$	556


	Three Months Ended March 31, 2025
(Millions of Dollars)	Regulated electric utility		Regulated natural gas utility		Total segments
Operating revenues	$	2,835	$	1,055	$	3,890
Intersegment revenue	—		5		5
Total segment revenues	2,835		1,060		3,895
Electric fuel and purchased power	1,020		—		1,020
Cost of natural gas sold and transported	—		513		513
O&M expenses	567		106		673


Depreciation and amortization	625		99		724
Other segment expenses, net	172		56		228
Interest charges and financing costs	204		30		234
Income tax (benefit) expense	(95)		61		(34)
Net income	$	342	$	195	$	537






Total segment net income					$	537
Non-segment net loss					(54)
Consolidated net income					$	483

XCEL ENERGY INC 10-Q