v3.26.1
Segment Information (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Results from Operations by Reportable Segment
Segment information and reconciliation to Xcel Energy’s consolidated net income:
Three Months Ended June 30, 2026
(Millions of Dollars)Regulated electric utilityRegulated natural gas utilityTotal segments
Operating revenues$2,740 $365 $3,105 
Intersegment revenue1 4 5 
Total segment revenues2,741 369 3,110 
Electric fuel and purchased power678 — 678 
Cost of natural gas sold and transported— 93 93 
O&M expenses572 106 678 
Depreciation and amortization546 111 657 
Other segment expenses, net140 23 163 
Interest charges and financing costs265 35 300 
Income tax benefit(58)(6)(64)
Net income$598 $7 $605 
Total segment net income$605 
Non-segment net loss(19)
Consolidated net income$586 
Three Months Ended June 30, 2025
(Millions of Dollars)Regulated electric utilityRegulated natural gas utilityTotal segments
Operating revenues$2,878 $396 $3,274 
Intersegment revenue— 6 6 
Total segment revenues2,878 402 3,280 
Electric fuel and purchased power918 — 918 
Cost of natural gas sold and transported— 134 134 
O&M expenses554 106 660 
Depreciation and amortization617 102 719 
Other segment expenses, net156 27 183 
Interest charges and financing costs213 31 244 
Income tax benefit(48)(4)(52)
Net income$468 $6 $474 
Total segment net income$474 
Non-segment net loss(30)
Consolidated net income$444 
Six Months Ended June 30, 2026
(Millions of Dollars)Regulated electric utilityRegulated natural gas utilityTotal segments
Operating revenues$5,716 $1,395 $7,111 
Intersegment revenue1 8 9 
Total segment revenues5,717 1,403 7,120 
Electric fuel and purchased power1,697 — 1,697 
Cost of natural gas sold and transported— 613 613 
O&M expenses1,130 212 1,342 
Depreciation and amortization1,199 221 1,420 
Other segment expenses, net284 65 349 
Interest charges and financing costs515 69 584 
Income tax (benefit) expense (135)46 (89)
Net income$1,027 $177 $1,204 
Total segment net income$1,204 
Non-segment net loss(62)
Consolidated net income$1,142 
Six Months Ended June 30, 2025
(Millions of Dollars)Regulated electric utilityRegulated natural gas utilityTotal segments
Operating revenues$5,713 $1,451 $7,164 
Intersegment revenue— 11 11 
Total segment revenues5,713 1,462 7,175 
Electric fuel and purchased power1,938 — 1,938 
Cost of natural gas sold and transported— 647 647 
O&M expenses1,122 211 1,333 
Depreciation and amortization1,243 200 1,443 
Other segment expenses, net327 84 411 
Interest charges and financing costs417 61 478 
Income tax (benefit) expense (143)57 (86)
Net income$809 $202 $1,011 
Total segment net income$1,011 
Non-segment net loss(84)
Consolidated net income$927