v3.26.1
Employee Benefit Plan, Master Trust (Details) - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
NCE ESSOP    
EBP, Master Trust [Line Items]    
EBP, Interest in Master Trust, Percentage 16.10% 16.10%
EBP, Investment, Fair Value $ 657,509,575 $ 565,715,962
EBP, Investment, Plan Interest in Master Trust, Fair Value $ 657,509,575 $ 565,715,962
EBP, Nonconsolidated, Plan Interest in Master Trust, Approximate Shares 599,778 662,118
EBP, Interest in Master Trust income (in percentage) 16.10%  
EBP, Change in Net Asset Available for Benefit, Increase (Decrease) from Other Investment Income (Loss) $ 1,788,116  
EBP, Change in Net Asset Available for Benefit, Increase (Decrease) from Gain (Loss) on Investment 4,093,291  
EBP, Change in Net Asset Available for Benefit, Increase (Decrease) from Investment Income (Loss), after Investment Expense 5,881,407  
Total interest, dividend and other income, Master Trust 11,114,085  
Realized and unrealized gain in Xcel Energy Stock Fund, Master Trust 25,406,563  
Total Master Trust net income, Master Trust $ 36,520,648  
EBP, Master Trust
The Master Trust is an investment vehicle consisting of Xcel Energy Inc. common stock and a small amount of cash to ensure daily liquidity. The Master Trust pools the stock investment from all four Xcel Energy Inc. sponsored 401(k) plans to reduce administrative and investment expenses. The value of each Plan’s interest in the Master Trust is based on the beginning of the year value of the interest in the Master Trust, plus actual contributions, transfers and allocated investment income or loss, less actual distributions and allocated administrative expenses. Investment income or loss and administrative expenses related to the Master Trust are allocated to the individual plans based upon the daily valuation of the balances invested by each plan.

The net change in value from participation in the Master Trust is reported as one line item in the accompanying Statements of Changes in Net Assets Available for Benefits and each Plan’s interest in the Master Trust is reported as a single line item in the accompanying Statements of Net Assets Available for Benefits.

A summary of the Plans’ interest in Master Trust as of Dec. 31, 2025 and 2024 are summarized below:
Dec. 31, 2025
BU Savings PlanEIP Savings Plan
Interest in Master Trust (in approximate shares)599,778 355,800 
Interest in Master Trust (in percentage)16.1 %9.5 %
Dec. 31, 2024
BU Savings PlanEIP Savings Plan
Interest in Master Trust (in approximate shares)662,118 409,555 
Interest in Master Trust (in percentage)16.1 %9.9 %

A summary of the Plans’ interest in Master Trust income for the year ended Dec. 31, 2025 is below:
For the year ended Dec. 31, 2025
BU Savings PlanEIP Savings Plan
Interest in income from Master Trust (in percentage)16.1 %9.8 %

The Plans have an undivided interest in each security in the Master Trust.
A summary of the net assets of the Master Trust and the Plans’ interest in Master Trust as of Dec. 31, 2025 and 2024 are summarized below:
Dec. 31, 2025
Master Trust BalancesBU Savings Plan Interest in Master Trust BalancesEIP Savings Plan Interest in Master Trust Balances
Total net assets of Xcel Stock Fund at fair value$277,642,481 $44,641,449 $26,482,222 
Dec. 31, 2024
Master Trust BalancesBU Savings Plan Interest in Master Trust BalancesEIP Savings Plan Interest in Master Trust Balances
Total net assets of Xcel Stock Fund at fair value$278,281,843 $44,706,192 $27,653,139 

Master Trust and Plans’ interest in Master Trust income for the year ended Dec. 31, 2025 are as follows:
Dec. 31, 2025
Master Trust BalancesBU Savings Plan Interest in Master Trust BalancesEIP Savings Plan Interest in Master Trust Balances
Total interest, dividend and other income$11,114,085 $1,788,116 $1,081,833 
Realized and unrealized gain in Xcel Energy Stock Fund25,406,563 4,093,291 2,510,430 
Total net income$36,520,648 $5,881,407 $3,592,263 
  
NCE ESSOP | EBP, Employer, Common Stock Fund    
EBP, Master Trust [Line Items]    
EBP, Investment, Fair Value $ 277,642,481 $ 278,281,843
EBP, Investment, Plan Interest in Master Trust, Fair Value $ 44,641,449 $ 44,706,192
NCE EIP    
EBP, Master Trust [Line Items]    
EBP, Interest in Master Trust, Percentage 9.50% 9.90%
EBP, Investment, Fair Value $ 200,400,524 $ 169,236,365
EBP, Investment, Plan Interest in Master Trust, Fair Value $ 200,400,524 $ 169,236,365
EBP, Nonconsolidated, Plan Interest in Master Trust, Approximate Shares 355,800 409,555
EBP, Interest in Master Trust income (in percentage) 9.80%  
EBP, Change in Net Asset Available for Benefit, Increase (Decrease) from Other Investment Income (Loss) $ 1,081,833  
EBP, Change in Net Asset Available for Benefit, Increase (Decrease) from Gain (Loss) on Investment 2,510,430  
EBP, Change in Net Asset Available for Benefit, Increase (Decrease) from Investment Income (Loss), after Investment Expense 3,592,263  
Total interest, dividend and other income, Master Trust 11,114,085  
Realized and unrealized gain in Xcel Energy Stock Fund, Master Trust 25,406,563  
Total Master Trust net income, Master Trust $ 36,520,648  
EBP, Master Trust
The Master Trust is an investment vehicle consisting of Xcel Energy Inc. common stock and a small amount of cash to ensure daily liquidity. The Master Trust pools the stock investment from all four Xcel Energy Inc. sponsored 401(k) plans to reduce administrative and investment expenses. The value of each Plan’s interest in the Master Trust is based on the beginning of the year value of the interest in the Master Trust, plus actual contributions, transfers and allocated investment income or loss, less actual distributions and allocated administrative expenses. Investment income or loss and administrative expenses related to the Master Trust are allocated to the individual plans based upon the daily valuation of the balances invested by each plan.

The net change in value from participation in the Master Trust is reported as one line item in the accompanying Statements of Changes in Net Assets Available for Benefits and each Plan’s interest in the Master Trust is reported as a single line item in the accompanying Statements of Net Assets Available for Benefits.

A summary of the Plans’ interest in Master Trust as of Dec. 31, 2025 and 2024 are summarized below:
Dec. 31, 2025
BU Savings PlanEIP Savings Plan
Interest in Master Trust (in approximate shares)599,778 355,800 
Interest in Master Trust (in percentage)16.1 %9.5 %
Dec. 31, 2024
BU Savings PlanEIP Savings Plan
Interest in Master Trust (in approximate shares)662,118 409,555 
Interest in Master Trust (in percentage)16.1 %9.9 %

A summary of the Plans’ interest in Master Trust income for the year ended Dec. 31, 2025 is below:
For the year ended Dec. 31, 2025
BU Savings PlanEIP Savings Plan
Interest in income from Master Trust (in percentage)16.1 %9.8 %

The Plans have an undivided interest in each security in the Master Trust.
A summary of the net assets of the Master Trust and the Plans’ interest in Master Trust as of Dec. 31, 2025 and 2024 are summarized below:
Dec. 31, 2025
Master Trust BalancesBU Savings Plan Interest in Master Trust BalancesEIP Savings Plan Interest in Master Trust Balances
Total net assets of Xcel Stock Fund at fair value$277,642,481 $44,641,449 $26,482,222 
Dec. 31, 2024
Master Trust BalancesBU Savings Plan Interest in Master Trust BalancesEIP Savings Plan Interest in Master Trust Balances
Total net assets of Xcel Stock Fund at fair value$278,281,843 $44,706,192 $27,653,139 

Master Trust and Plans’ interest in Master Trust income for the year ended Dec. 31, 2025 are as follows:
Dec. 31, 2025
Master Trust BalancesBU Savings Plan Interest in Master Trust BalancesEIP Savings Plan Interest in Master Trust Balances
Total interest, dividend and other income$11,114,085 $1,788,116 $1,081,833 
Realized and unrealized gain in Xcel Energy Stock Fund25,406,563 4,093,291 2,510,430 
Total net income$36,520,648 $5,881,407 $3,592,263 
  
NCE EIP | EBP, Employer, Common Stock Fund    
EBP, Master Trust [Line Items]    
EBP, Investment, Fair Value $ 277,642,481 $ 278,281,843
EBP, Investment, Plan Interest in Master Trust, Fair Value $ 26,482,222 $ 27,653,139