v3.26.1
CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 2,010 $ 274
Accounts receivable, net 1,255 1,330
Accrued unbilled revenues 786 880
Inventories 745 761
Regulatory assets 521 529
Derivative instruments 178 165
Prepayments and other 587 1,075
Total current assets 6,082 5,014
Property, plant and equipment, net 69,497 65,639
Other assets    
Nuclear decommissioning fund and other investments 4,727 4,389
Regulatory assets 3,108 2,998
Derivative instruments 44 54
Operating lease right-of-use assets 865 893
Finance lease right-of-use assets 1,421 1,348
Other 1,421 1,036
Total other assets 11,586 10,718
Total assets 87,165 81,371
Current liabilities    
Current portion of long-term debt 999 501
Short-term debt 2,510 1,550
Accounts payable 2,323 2,307
Regulatory liabilities 846 714
Taxes accrued 416 579
Accrued interest 385 337
Dividends payable 370 355
Derivative instruments 17 31
Operating lease liabilities 107 110
Other 699 605
Total current liabilities 8,672 7,089
Deferred credits and other liabilities    
Deferred income taxes 6,012 6,004
Regulatory liabilities 6,594 6,277
Asset retirement obligations 3,293 3,888
Derivative instruments 51 67
Customer advances 123 129
Pension and employee benefit obligations 307 365
Operating lease liabilities 759 788
Finance Lease, Liability, Noncurrent 1,288 [1] 1,262
Other 61 61
Deferred Credits and Other Liabilities, Noncurrent 18,488 18,841
Commitments and contingencies
Capitalization    
Common Stock, Shares Issued, Not Disclosed true true
Long-term debt $ 35,948 $ 31,832
Common stock — 1,000,000,000 shares authorized of $2.50 par value; 624,405,747 and 623,600,715 shares outstanding at June 30, 2026 and December 31, 2025, respectively $ 1,561 $ 1,559
Common Stock, Shares Authorized 1,000,000,000 1,000,000,000
Common Stock, Par or Stated Value Per Share $ 2.50 $ 2.50
Common Stock, Shares, Outstanding 624,405,747 623,600,715
Additional paid in capital $ 12,947 $ 12,906
Retained earnings 9,607 9,207
Accumulated other comprehensive loss (58) (63)
Total common stockholders’ equity 24,057 23,609
Total liabilities and equity $ 87,165 $ 81,371
[1] Excludes certain amounts related to PSCo’s lease obligations given Xcel Energy’s 50% ownership interest in WYCO.