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Stocks/Utilities/Multi-Utilities

Xcel EnergyXEL

Multi-Utilities · Minneapolis, Minnesota · In the S&P 500
$79.82+0.99%After hours: $79.80 (−0.03%)At the close, 30 Oct · Prices from CNBC, may be delayed
▲ 0.2% over 1 year
Xcel Energy over 1 yearDaily close, $, to 30 Oct 2026
$70$75Nov2026MarMayJulSep$79.82$70NovMarJul$79.82
Source: Nasdaq daily closes
Market value$49.86B
Price to earnings18.6x
Forward P/E18.7x
Dividend yield2.97%
Year to date+8.1%
One year+0.2%
Next earningsNot scheduled
SectorUtilities
52-week range (closes)
$69.39$83.91

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Quality and valuation

How Xcel Energy compares with other utilities stocks. A description, not a recommendation.

Xcel Energy and 7 multi-utilities peers. Across: valuation (P/E) against the sector. Up: business quality against the sector. Hover or tap a logo for its numbers.

Business quality: weaker than mostValuation: in line with its sector

A weaker business than most utilities companies, priced about in line with them.

Xcel Energy trades at 18.7 times the next 12 months of expected earnings, against a median of 18.6x for the 33 utilities stocks we cover. The quality score blends where it ranks on revenue growth, gross margin, operating margin and free-cash-flow margin (net margin for banks and insurers) over the last 12 months, from SEC filings.

  • Revenue grew slower than the sector median: +4.5% vs +8.3%
  • Less profitable (operating margin): 21.7% vs 23.0%
  • Turns less of its sales into cash: −51.2% vs −14.5%
XEL trades at 18.7x forward earnings, above the sector medianForward p/e, Multi-Utilities peers
PCG7.8xSRE16.6xDTE16.7xD17.5xED18.4xXEL18.7xAEE19.9xNEE20.8xSector median 18.6xPCG7.8xSRE16.6xDTE16.7xD17.5xED18.4xXEL18.7xAEE19.9xNEE20.8xSector median 18.6x
Source: CNBC quotes; Mostly Markets
At 18.6x earnings, XEL is cheaper than its average since Oct 2024Price over the last 12 months of reported (GAAP) diluted EPS
P/EUsual range (±1 s.d.)
20x22x24xAverage 21.6x2025202618.6x20x25xAverage 21.6x2025202618.6x
Source: Nasdaq prices; SEC filings

Financials

From Xcel Energy's SEC filings, through the quarter ending 30 Sep 2026. Hover or tap a bar for its value.

Revenue grew 6.6% from a year earlierQuarterly revenue, $bn, latest Q3 ’26
$0bn$2bn$4bnQ4 ’24Q2 ’25Q4 ’25$4.2bnQ3 ’26$0bn$2bn$4bnQ4 ’24Q2 ’25Q4 ’25$4.2bnQ3 ’26
Source: SEC filings
Growth sped up to +6.6% last quarterRevenue growth, year on year, %
0%10%Q4 ’24Q2 ’25Q4 ’256.6%Q3 ’260%10%Q4 ’24Q2 ’25Q4 ’256.6%Q3 ’26
Source: SEC filings
Operating margin was 28.5% last quarterOperating income as a share of revenue, %
0%10%20%Q4 ’24Q2 ’25Q4 ’2528.5%Q3 ’260%10%20%Q4 ’24Q2 ’25Q4 ’2528.5%Q3 ’26
Source: SEC filings
Free cash flow was −$7.6 billion over 12 monthsQuarterly free cash flow (operating cash flow minus capex), $bn
$-3bn$-2bn$-1bn$0bnQ4 ’24Q2 ’25Q4 ’25−$1.2bnQ3 ’26$-2bn$0bnQ4 ’24Q2 ’25Q4 ’25−$1.2bnQ3 ’26
Source: SEC filings
Last 12 monthsXELSector median
Revenue growth+4.5%+8.3%
Operating margin21.7%23.0%
Free cash flow margin−51.2%−14.5%
Price to earnings18.6x21.1x

Similar companies

Multi-Utilities, by market value.

CompanyPriceTodayYTDValue
NEENextEra Energy$83.71+1.91%+4.3%$176B
DDominion Energy$66.62+2.30%+13.7%$58.59B
SRESempra$86.06+0.20%−2.5%$56.27B
EDConsolidated Edison$116.64+1.00%+17.4%$43.14B
AEEAmeren$110.54+0.30%+10.7%$30.60B
PCGPG&E$13.18−0.38%−18.0%$29.03B
DTEDTE Energy$135.49+0.72%+5.0%$28.19B
CNPCenterPoint Energy$42.44+0.54%+10.7%$28.13B