| Disaggregation of Revenue |
Revenue is classified by the type of goods/services rendered and market/customer type. Xcel Energy’s operating revenues consisted of the following: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2026 | | (Millions of Dollars) | | Electric | | Natural Gas | | All Other | | Total | | Major revenue types | | | | | | | | | | Revenue from contracts with customers: | | Residential | | $ | 803 | | | $ | 184 | | | $ | 1 | | | $ | 988 | | | C&I | | 1,324 | | | 105 | | | 6 | | | 1,435 | | | Other | | 31 | | | — | | | 2 | | | 33 | | | Total retail | | 2,158 | | | 289 | | | 9 | | | 2,456 | | | Wholesale | | 89 | | | — | | | — | | | 89 | | | Transmission | | 190 | | | — | | | — | | | 190 | | | Other | | 13 | | | 44 | | | — | | | 57 | | | Total revenue from contracts with customers | | 2,450 | | | 333 | | | 9 | | | 2,792 | | | Alternative revenue and other | | 290 | | | 32 | | | 5 | | | 327 | | | Total revenues | | $ | 2,740 | | | $ | 365 | | | $ | 14 | | | $ | 3,119 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2025 | | (Millions of Dollars) | | Electric | | Natural Gas | | All Other | | Total | | Major revenue types | | | | | | | | | | Revenue from contracts with customers: | | Residential | | $ | 881 | | | $ | 212 | | | $ | — | | | $ | 1,093 | | | C&I | | 1,474 | | | 119 | | | 7 | | | 1,600 | | | Other | | 38 | | | — | | | 2 | | | 40 | | | Total retail | | 2,393 | | | 331 | | | 9 | | | 2,733 | | | Wholesale | | 145 | | | — | | | — | | | 145 | | | Transmission | | 169 | | | — | | | — | | | 169 | | | Other | | 22 | | | 45 | | | — | | | 67 | | | Total revenue from contracts with customers | | 2,729 | | | 376 | | | 9 | | | 3,114 | | | Alternative revenue and other | | 149 | | | 20 | | | 4 | | | 173 | | | Total revenues | | $ | 2,878 | | | $ | 396 | | | $ | 13 | | | $ | 3,287 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2026 | | | (Millions of Dollars) | | Electric | | Natural Gas | | All Other | | Total | | | Major revenue types | | | | | | | | | | | Revenue from contracts with customers: | | | Residential | | $ | 1,707 | | | $ | 796 | | | $ | 2 | | | $ | 2,505 | | | | C&I | | 2,716 | | | 439 | | | 15 | | | 3,170 | | | | Other | | 66 | | | — | | | 4 | | | 70 | | | | Total retail | | 4,489 | | | 1,235 | | | 21 | | | 5,745 | | | | Wholesale | | 306 | | | — | | | — | | | 306 | | | | Transmission | | 376 | | | — | | | — | | | 376 | | | | Other | | 25 | | | 94 | | | — | | | 119 | | | | Total revenue from contracts with customers | | 5,196 | | | 1,329 | | | 21 | | | 6,546 | | | | Alternative revenue and other | | 520 | | | 66 | | | 8 | | | 594 | | | | Total revenues | | $ | 5,716 | | | $ | 1,395 | | | $ | 29 | | | $ | 7,140 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2025 | | (Millions of Dollars) | | Electric | | Natural Gas | | All Other | | Total | | Major revenue types | | | | | | | | | | Revenue from contracts with customers: | | Residential | | $ | 1,805 | | | $ | 844 | | | $ | 1 | | | $ | 2,650 | | | C&I | | 2,807 | | | 439 | | | 17 | | | 3,263 | | | Other | | 73 | | | — | | | 4 | | | 77 | | | Total retail | | 4,685 | | | 1,283 | | | 22 | | | 5,990 | | | Wholesale | | 351 | | | — | | | — | | | 351 | | | Transmission | | 341 | | | — | | | — | | | 341 | | | Other | | 39 | | | 96 | | | — | | | 135 | | | Total revenue from contracts with customers | | 5,416 | | | 1,379 | | | 22 | | | 6,817 | | | Alternative revenue and other | | 297 | | | 72 | | | 7 | | | 376 | | | Total revenues | | $ | 5,713 | | | $ | 1,451 | | | $ | 29 | | | $ | 7,193 | |
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