v3.26.3
CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Sep. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 2,483 $ 274
Accounts receivable, net 1,391 1,330
Accrued unbilled revenues 753 880
Inventories 827 761
Regulatory assets 566 529
Derivative instruments 148 165
Prepayments and other 576 1,075
Total current assets 6,744 5,014
Property, plant and equipment, net 72,181 65,639
Other assets    
Nuclear decommissioning fund and other investments 4,725 4,389
Regulatory assets 3,253 2,998
Derivative instruments 43 54
Operating lease right-of-use assets 839 893
Finance lease right-of-use assets 1,409 1,348
Other 1,523 1,036
Total other assets 11,792 10,718
Total assets 90,717 81,371
Current liabilities    
Current portion of long-term debt 999 501
Short-term debt 3,060 1,550
Accounts payable 2,666 2,307
Regulatory liabilities 691 714
Taxes accrued 591 579
Accrued interest 501 337
Dividends payable 376 355
Derivative instruments 27 31
Operating lease liabilities 100 110
Other 726 605
Total current liabilities 9,737 7,089
Deferred credits and other liabilities    
Deferred income taxes 6,504 6,004
Regulatory liabilities 6,560 6,277
Asset retirement obligations 3,330 3,888
Derivative instruments 52 67
Customer advances 114 129
Pension and employee benefit obligations 305 365
Operating lease liabilities 738 788
Finance Lease, Liability, Noncurrent 1,277 [1] 1,262
Other 60 61
Deferred Credits and Other Liabilities, Noncurrent 18,940 18,841
Commitments and contingencies
Capitalization    
Common Stock, Shares Issued, Not Disclosed true true
Long-term debt $ 36,539 $ 31,832
Common stock — 1,000,000,000 shares authorized of $2.50 par value; 635,114,662 and 623,600,715 shares outstanding at Sept. 30, 2026 and December 31, 2025, respectively $ 1,588 $ 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 635,114,662 623,600,715
Additional paid in capital $ 13,774 $ 12,906
Retained earnings 10,189 9,207
Accumulated other comprehensive loss (50) (63)
Total common stockholders’ equity 25,501 23,609
Total liabilities and equity $ 90,717 $ 81,371
[1] Excludes certain amounts related to PSCo’s lease obligations given Xcel Energy’s 50% ownership interest in WYCO.