v3.26.3
Segment Information (Tables)
 9 Months Ended
Sep. 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 Sept. 30, 2026
(Millions of Dollars)Regulated electric utilityRegulated natural gas utilityTotal segments
Operating revenues$3,888 $272 $4,160 
Intersegment revenue— 6 6 
Total segment revenues3,888 278 4,166 
Electric fuel and purchased power1,067 — 1,067 
Cost of natural gas sold and transported— 58 58 
O&M expenses635 111 746 
Depreciation and amortization673 113 786 
Other segment expenses, net159 15 174 
Interest charges and financing costs285 34 319 
Income tax expense (benefit)107 (24)83 
Net income (loss)$962 $(29)$933 
Total segment net income$933 
Non-segment net income27 
Consolidated net income$960 
Three Months Ended Sept. 30, 2025
(Millions of Dollars)Regulated electric utilityRegulated natural gas utilityTotal segments
Operating revenues$3,638 $264 $3,902 
Intersegment revenue— 8 8 
Total segment revenues3,638 272 3,910 
Electric fuel and purchased power1,098 — 1,098 
Cost of natural gas sold and transported— 61 61 
O&M expenses582 105 687 
Depreciation and amortization640 106 746 
Other segment expenses, net443 28 471 
Interest charges and financing costs228 31 259 
Income tax expense (benefit)55 (20)35 
Net income (loss)$592 $(39)$553 
Total segment net income$553 
Non-segment net loss(29)
Consolidated net income$524 
Nine Months Ended Sept. 30, 2026
(Millions of Dollars)Regulated electric utilityRegulated natural gas utilityTotal segments
Operating revenues$9,604 $1,667 $11,271 
Intersegment revenue1 14 15 
Total segment revenues9,605 1,681 11,286 
Electric fuel and purchased power2,764 — 2,764 
Cost of natural gas sold and transported— 671 671 
O&M expenses1,765 323 2,088 
Depreciation and amortization1,872 334 2,206 
Other segment expenses, net443 80 523 
Interest charges and financing costs800 103 903 
Income tax (benefit) expense (28)22 (6)
Net income$1,989 $148 $2,137 
Total segment net income$2,137 
Non-segment net loss(35)
Consolidated net income$2,102 
Nine Months Ended Sept. 30, 2025
(Millions of Dollars)Regulated electric utilityRegulated natural gas utilityTotal segments
Operating revenues$9,351 $1,715 $11,066 
Intersegment revenue— 19 19 
Total segment revenues9,351 1,734 11,085 
Electric fuel and purchased power3,036 — 3,036 
Cost of natural gas sold and transported— 708 708 
O&M expenses1,704 316 2,020 
Depreciation and amortization1,883 306 2,189 
Other segment expenses, net770 112 882 
Interest charges and financing costs645 92 737 
Income tax (benefit) expense (88)37 (51)
Net income$1,401 $163 $1,564 
Total segment net income$1,564 
Non-segment net loss(113)
Consolidated net income$1,451