Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085 (XELLL) Financials

XELLL

FY2025 annual

Net Income $2.0B +4.2% YoY

EPS (Diluted) $3.42 -0.6% YoY

Free Cash Flow -$6.8B -150.6% YoY

Operating Cash Flow $4.1B -12.0% YoY

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Jul 30, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Jul 30, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the XELLL SEC filings page.

This page shows Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085 (XELLL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI XELLL FY2025 2026-08-30

Capital investment increasingly outpaces internally generated cash, pushing Xcel Energy toward heavier external financing despite persistent accounting profits.

In FY2025, operating cash flow of $4.1B exceeded net income of $2.0B, showing accounting earnings convert to cash before reinvestment. Because capital expenditures reached $10.9B and free cash flow was -$6.8B, the reported investment program was not funded internally.

Capital expenditures more than doubled from FY2021 to FY2025, while operating cash flow rose only modestly; that widening gap makes financing—not reported profit—the key constraint on reinvestment. Meanwhile, return on assets slipped from 2.8% in FY2021 to 2.5% in FY2025, indicating that a larger asset base is producing slightly less earnings efficiency.

Long-term debt climbed from $21.8B in FY2021 to $31.8B in FY2025, adding balance-sheet support as investment needs expanded. Current liquidity remained below 1.0x and ended at 0.7x, meaning current liabilities exceeded current assets and near-term funding remains structurally tight.

Financial Health Signals

Financial health score not available

Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085 does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

4/7

Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085 passes 4 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass.

Earnings Quality Cash-Backed

2.02x

For every $1 of reported earnings, Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085 generates $2.02 in operating cash flow ($4.1B OCF vs $2.0B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage At Risk

1.76x

Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085 earns $1.76 in operating income for every $1 of interest expense ($2.6B vs $1.5B). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

EBITDA

$1.4B

YoY+4.5%

QoQ-10.4%

Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085's EBITDA was $1.4B in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 4.5% from the same quarter a year earlier. Against the prior quarter it is down 10.4%.

Net Income

$586.0M

YoY+32.0%

QoQ+5.4%

Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085 reported $586.0M in net income in Q2 2026. This represents an increase of 32.0% from the same quarter a year earlier. Against the prior quarter it is up 5.4%.

EPS (Diluted)

$0.93

YoY+24.0%

QoQ+4.5%

5Y CAGR+9.9%

10Y CAGR+9.1%

Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085 earned $0.93 per diluted share (EPS) in Q2 2026. This represents an increase of 24.0% from the same quarter a year earlier. Against the prior quarter it is up 4.5%.

Revenue

Not reported for Q2 2026.

Cash & Balance Sheet

Free Cash Flow

-$1.8B

YoY-37.3%

QoQ-39.5%

Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085 recorded an outflow of $1.8B in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 37.3% from the same quarter a year earlier. Against the prior quarter it is down 39.5%.

Cash & Debt

$2.0B

YoY+38.2%

QoQ+14.2%

5Y CAGR+30.2%

10Y CAGR+38.6%

Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085 held $2.0B in cash against $35.9B in long-term debt as of Q2 2026.

Dividends Per Share

$0.59

YoY+3.5%

QoQ0.0%

Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085 paid $0.59 per share in dividends in Q2 2026. This represents an increase of 3.5% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

625M

YoY+5.6%

QoQ+0.1%

5Y CAGR+3.0%

10Y CAGR+2.1%

Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085 had 625M shares outstanding in Q2 2026. This represents an increase of 5.6% from the same quarter a year earlier. Against the prior quarter it is up 0.1%.

Margins & Returns

Return on Equity

2.4%

YoY+0.3pp

QoQ+0.1pp

Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085's ROE was 2.4% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 0.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.1 percentage points.

Gross Margin

Not reported for Q2 2026.

Operating Margin

Not reported for Q2 2026.

Net Margin

Not reported for Q2 2026.

Capital Allocation

Capital Expenditures

$2.9B

YoY+21.5%

QoQ-2.4%

5Y CAGR+25.6%

10Y CAGR+15.3%

Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085 invested $2.9B in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 21.5% from the same quarter a year earlier. Against the prior quarter it is down 2.4%.

R&D Spending

Not reported for Q2 2026.

Share Buybacks

Not reported for Q2 2026.

XELLL Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

XELLL quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$11.5B+1.2%	$11.4B+2.7%	$11.1B+0.8%	$11.0B-5.7%	$11.7B+7.1%	$10.9B+7.8%	$10.1B-4.9%	$10.7B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$3.9B+2.6%	$3.8B+1.0%	$3.7B	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$7.7B+0.5%	$7.6B+3.5%	$7.4B	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	$2.6B+8.3%	$2.4B-3.8%	$2.5B+2.2%	$2.4B+10.2%	$2.2B+4.1%	$2.1B+0.6%	$2.1B+7.1%	$2.0B-11.6%	$2.2B-0.8%	$2.2B+12.0%	$2.0B+2.7%	$1.9B+5.4%	$1.8B+1.4%	$1.8B+2.3%	$1.8B
EBITDA	N/A	$5.6B+7.7%	$5.2B+4.1%	$5.0B+1.8%	$4.9B+11.9%	$4.3B+6.7%	$4.1B+4.8%	$3.9B+7.3%	$3.6B-2.5%	$3.7B+4.5%	$3.6B+13.2%	$3.1B+5.3%	$3.0B+4.7%	$2.8B+3.0%	$2.8B+2.8%	$2.7B
Interest Expense	N/A	$1.5B+17.0%	$1.3B+19.0%	$1.1B+10.7%	$953.0M+13.2%	$842.0M+0.2%	$840.0M+8.7%	$773.0M+10.4%	$700.0M+5.6%	$663.0M+2.5%	$647.0M+8.7%	$595.0M+5.0%	$566.6M-1.5%	$575.2M-4.4%	$601.6M+1.8%	$591.1M
Income Tax	N/A	-$245.0M+39.1%	-$402.0M-175.3%	-$146.0M-8.1%	-$135.0M-92.9%	-$70.0M-1066.7%	-$6.0M-104.7%	$128.0M-29.3%	$181.0M-66.6%	$542.0M-6.7%	$581.0M+7.0%	$543.0M+3.7%	$523.8M+8.2%	$484.0M+7.5%	$450.2M-3.9%	$468.3M
Net Income	N/A	$2.0B+4.2%	$1.9B+9.3%	$1.8B+2.0%	$1.7B+8.7%	$1.6B+8.4%	$1.5B+7.4%	$1.4B+8.8%	$1.3B+9.8%	$1.1B+2.2%	$1.1B+14.1%	$984.0M-3.7%	$1.0B+7.7%	$948.2M+4.8%	$905.2M+7.6%	$841.2M
EPS (Basic)	N/A	$3.440.0%	$3.44+7.2%	$3.21+0.9%	$3.18+7.4%	$2.96+6.1%	$2.79+5.7%	$2.64+6.9%	$2.47+9.3%	$2.26+2.3%	$2.21+13.9%	$1.94-4.4%	$2.03+6.3%	$1.91+2.7%	$1.86+8.1%	$1.72
EPS (Diluted)	$3.65	$3.42-0.6%	$3.44+7.2%	$3.21+1.3%	$3.17+7.1%	$2.96+6.1%	$2.79+5.7%	$2.64+6.9%	$2.47+9.8%	$2.25+1.8%	$2.21+13.9%	$1.94-4.4%	$2.03+6.3%	$1.91+3.2%	$1.85+7.6%	$1.72
Diluted Shares (Avg)	N/A	589M+4.6%	563M+2.0%	552M+0.9%	547M+1.3%	540M+2.3%	528M+1.5%	520M+1.8%	511M+0.4%	509M0.0%	509M+0.2%	508M+0.8%	504M+1.5%	497M+1.7%	488M+0.6%	486M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Income	$706.0M+22.4%	$754.0M+11.4%	N/A	$749.0M-17.8%	$577.0M+28.5%	$677.0M-0.3%	N/A	$911.0M-0.4%
EBITDA	$1.4B+4.5%	$1.5B+7.8%	N/A	$1.5B-5.8%	$1.3B+12.9%	$1.4B+5.1%	N/A	$1.6B+3.8%
Interest Expense	$443.0M+26.9%	$412.0M+24.1%	N/A	$384.0M+17.8%	$349.0M+9.4%	$332.0M+14.1%	N/A	$326.0M+21.2%
Income Tax	-$60.0M0.0%	-$47.0M+23.0%	N/A	$8.0M-20.0%	-$60.0M+31.8%	-$61.0M-125.9%	N/A	$10.0M-75.0%
Net Income	$586.0M+32.0%	$556.0M+15.1%	N/A	$524.0M-23.2%	$444.0M+47.0%	$483.0M-1.0%	N/A	$682.0M+4.0%
EPS (Basic)	$0.94+23.7%	$0.89+6.0%	$0.96+18.5%	$0.88-27.3%	$0.76+40.7%	$0.84-4.5%	$0.81+9.5%	$1.21+1.7%
EPS (Diluted)	$0.93+24.0%	$0.89+6.0%	$0.95+17.3%	$0.88-27.3%	$0.75+38.9%	$0.84-4.5%	$0.81+9.5%	$1.21+1.7%
Diluted Shares (Avg)	627M+6.6%	626M+8.5%	N/A	595M+5.3%	588M+5.6%	577M+3.8%	N/A	565M+2.4%

Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses.

XELLL Balance Sheet

XELLL quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$81.4B+16.2%	$70.0B+9.3%	$64.1B+4.7%	$61.2B+5.8%	$57.9B+7.2%	$54.0B+7.0%	$50.4B+9.7%	$46.0B+6.9%	$43.0B+4.6%	$41.2B+6.0%	$38.8B+5.0%	$37.0B+9.0%	$33.9B+8.9%	$31.1B+5.6%	$29.5B
Current Assets	$5.0B+15.9%	$4.3B+6.3%	$4.1B-20.9%	$5.1B+21.3%	$4.2B+29.4%	$3.3B+5.2%	$3.1B+0.6%	$3.1B+4.1%	$3.0B+4.6%	$2.8B+2.6%	$2.8B-17.7%	$3.4B+4.5%	$3.2B+22.6%	$2.6B-12.0%	$3.0B
Cash & Equivalents	$274.0M+53.1%	$179.0M+38.8%	$129.0M+16.2%	$111.0M-33.1%	$166.0M+28.7%	$129.0M-48.0%	$248.0M+68.7%	$147.0M+77.1%	$83.0M-2.4%	$85.0M0.0%	$85.0M+6.3%	$80.0M-25.3%	$107.1M+30.2%	$82.3M+35.7%	$60.7M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$761.0M+14.3%	$666.0M-6.3%	$711.0M-11.5%	$803.0M+27.3%	$631.0M+17.9%	$535.0M-1.7%	$544.0M-0.7%	$548.0M-10.2%	$610.0M+1.0%	$604.0M-0.8%	$608.6M+1.9%	$597.2M+3.6%	$576.5M+7.6%	$535.6M-13.4%	$618.2M
Accounts Receivable	$1.3B+6.5%	$1.2B-5.0%	$1.3B-4.2%	$1.4B+34.9%	$1.0B+11.1%	$916.0M+9.4%	$837.0M-2.7%	$860.0M+7.9%	$797.0M+2.7%	$776.0M+7.1%	$724.6M-12.3%	$826.5M+11.1%	$744.2M+3.6%	$718.0M-4.7%	$753.1M
Long-Term Investments	$164.0M+5.1%	$156.0M+8.3%	$144.0M+8.3%	$133.0M-18.9%	$164.0M+6.5%	$154.0M+13.2%	$136.0M+12.4%	$121.0M+6.1%	$114.0M+16.3%	$98.0M+100.4%	$48.9M+7.2%	$45.6M+8.8%	$41.9M+12.9%	$37.1M+8.2%	$34.3M
Total Liabilities	$57.8B+14.4%	$50.5B+8.7%	$46.5B+4.4%	$44.5B+5.4%	$42.2B+7.3%	$39.4B+5.8%	$37.2B+10.2%	$33.8B+6.9%	$31.6B+4.8%	$30.1B+6.8%	$28.2B+5.5%	$26.7B+9.9%	$24.3B+9.3%	$22.3B+6.0%	$21.0B
Current Liabilities	$7.1B+9.8%	$6.5B+14.3%	$5.7B-7.0%	$6.1B+20.5%	$5.0B+19.0%	$4.2B-7.2%	$4.6B+2.4%	$4.5B+9.1%	$4.1B+25.9%	$3.2B-20.0%	$4.1B-0.2%	$4.1B+11.2%	$3.7B+24.4%	$2.9B-18.2%	$3.6B
Non-Current Liabilities	$50.7B+15.0%	$44.1B+7.9%	$40.8B+6.2%	$38.4B+3.3%	$37.2B+5.8%	$35.1B+7.7%	$32.6B+11.4%	$29.3B+6.6%	$27.5B+2.2%	$26.9B+11.3%	$24.2B+6.5%	$22.7B+9.6%	$20.7B+7.0%	$19.3B+10.9%	$17.4B
Long-Term Debt	$31.8B+16.5%	$27.3B+9.6%	$24.9B+9.2%	$22.8B+4.7%	$21.8B+10.9%	$19.6B+12.9%	$17.4B+10.1%	$15.8B+8.8%	$14.5B+2.3%	$14.2B+14.5%	$12.4B+7.8%	$11.5B+5.4%	$10.9B+7.6%	$10.1B+14.6%	$8.8B
Total Equity	$23.6B+20.9%	$19.5B+10.8%	$17.6B+5.6%	$16.7B+6.8%	$15.6B+7.1%	$14.6B+10.1%	$13.2B+8.3%	$12.2B+6.7%	$11.5B+3.9%	$11.0B+4.0%	$10.6B+3.8%	$10.2B+6.8%	$9.6B+7.8%	$8.9B+4.6%	$8.5B
Retained Earnings	$9.2B+7.6%	$8.6B+8.8%	$7.9B+8.6%	$7.2B+10.1%	$6.6B+10.1%	$6.0B+10.3%	$5.4B+10.6%	$4.9B+10.9%	$4.4B+10.8%	$4.0B+12.1%	$3.6B+10.3%	$3.2B+14.7%	$2.8B+16.3%	$2.4B+18.8%	$2.0B

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$87.2B+15.7%	$84.8B+16.6%	$81.4B+16.2%	$79.2B+14.2%	$75.3B+10.9%	$72.7B+10.9%	$70.0B+9.3%	$69.3B+10.2%
Current Assets	$6.1B+7.3%	$5.9B+9.6%	$5.0B+15.9%	$5.7B+3.9%	$5.7B-0.6%	$5.4B+19.6%	$4.3B+6.3%	$5.5B+24.2%
Cash & Equivalents	$2.0B+38.2%	$1.8B+56.7%	$274.0M+53.1%	$1.1B-31.9%	$1.5B-9.0%	$1.1B+124.2%	$179.0M+38.8%	$1.5B+160.1%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$745.0M+11.5%	$709.0M+13.4%	$761.0M+14.3%	$723.0M+13.3%	$668.0M+7.4%	$625.0M+0.3%	$666.0M-6.3%	$638.0M-7.3%
Accounts Receivable	$1.3B+10.8%	$1.3B+4.6%	$1.3B+6.5%	$1.2B+5.0%	$1.1B-0.4%	$1.3B+5.5%	$1.2B-5.0%	$1.2B-2.7%
Long-Term Investments	$178.0M+10.6%	$165.0M+5.8%	$164.0M+5.1%	$165.0M+3.8%	$161.0M+5.9%	$156.0M+3.3%	$156.0M+8.3%	$159.0M+17.8%
Total Liabilities	$63.1B+16.1%	$61.0B+15.3%	$57.8B+14.4%	$58.0B+16.1%	$54.4B+8.8%	$52.9B+10.9%	$50.5B+8.7%	$49.9B+9.6%
Current Liabilities	$8.7B+47.3%	$7.6B+13.3%	$7.1B+9.8%	$7.1B+22.0%	$5.9B-0.2%	$6.7B+29.4%	$6.5B+14.3%	$5.9B+15.5%
Non-Current Liabilities	$54.4B+12.3%	$53.4B+15.5%	$50.7B+15.0%	$50.8B+15.3%	$48.5B+10.0%	$46.2B+8.6%	$44.1B+7.9%	$44.1B+8.9%
Long-Term Debt	$35.9B+15.6%	$34.6B+17.5%	$31.8B+16.5%	$32.0B+16.6%	$31.1B+12.2%	$29.4B+11.4%	$27.3B+9.6%	$27.5B+10.3%
Total Equity	$24.1B+14.8%	$23.8B+20.2%	$23.6B+20.9%	$21.2B+9.5%	$21.0B+16.7%	$19.8B+11.0%	$19.5B+10.8%	$19.4B+11.8%
Retained Earnings	$9.6B+9.0%	$9.4B+7.9%	$9.2B+7.6%	$9.0B+7.0%	$8.8B+9.6%	$8.7B+8.3%	$8.6B+8.8%	$8.4B+8.6%

Not reported in any period shown, so not listed: Goodwill.

XELLL Cash Flow Statement

XELLL quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$4.8B	$4.1B-12.0%	$4.6B-12.9%	$5.3B+35.5%	$3.9B+79.6%	$2.2B-23.1%	$2.8B-12.7%	$3.3B+4.5%	$3.1B-0.1%	$3.1B+2.4%	$3.1B+0.5%	$3.0B+14.2%	$2.7B+2.9%	$2.6B+28.9%	$2.0B-16.7%	$2.4B
Depreciation & Amortization	N/A	$3.0B+7.2%	$2.8B+12.1%	$2.5B+1.4%	$2.4B+13.7%	$2.1B+9.4%	$2.0B+9.7%	$1.8B+7.6%	$1.7B+11.0%	$1.5B+13.3%	$1.3B+15.4%	$1.1B+10.3%	$1.0B+3.5%	$1.0B+6.2%	$943.7M+3.8%	$908.9M
Stock-Based Compensation	N/A	$46.0M+39.4%	$33.0M+32.0%	$25.0M+25.0%	$20.0M-35.5%	$31.0M-57.5%	$73.0M+25.9%	$58.0M+28.9%	$45.0M-21.1%	$57.0M+39.0%	$41.0M-8.9%	$45.0M+39.8%	$32.2M+30.8%	$24.6M-8.7%	$27.0M-40.1%	$45.0M
Capital Expenditures	$12.5B	$10.9B+48.1%	$7.4B+25.8%	$5.9B+26.2%	$4.6B+9.3%	$4.2B-21.0%	$5.4B+27.1%	$4.2B+6.8%	$4.0B+22.0%	$3.2B+1.5%	$3.2B-13.3%	$3.7B+15.1%	$3.2B-5.8%	$3.4B	$0	$0
Free Cash Flow	-$7.7B	-$6.8B-150.6%	-$2.7B-416.7%	-$527.0M+25.4%	-$706.0M+65.6%	-$2.1B+18.5%	-$2.5B-162.1%	-$962.0M-15.2%	-$835.0M-607.6%	-$118.0M+17.5%	-$143.0M+77.8%	-$645.0M-19.4%	-$540.3M+33.4%	-$811.3M-140.5%	$2.0B-16.7%	$2.4B
Investing Cash Flow	-$12.5B	-$11.0B-47.7%	-$7.4B-25.3%	-$5.9B-27.4%	-$4.7B-8.5%	-$4.3B+9.6%	-$4.7B-9.1%	-$4.3B-9.0%	-$4.0B-20.9%	-$3.3B-1.1%	-$3.3B+10.0%	-$3.6B-16.2%	-$3.1B+3.0%	-$3.2B-37.7%	-$2.3B-3.8%	-$2.2B
Financing Cash Flow	$8.3B	$7.0B+146.1%	$2.8B+359.8%	$617.0M-7.4%	$666.0M-68.8%	$2.1B+20.4%	$1.8B+50.1%	$1.2B+27.3%	$928.0M+452.4%	$168.0M-19.6%	$209.0M-64.6%	$590.0M+37.1%	$430.2M-34.2%	$654.2M+87.0%	$349.8M+270.3%	-$205.5M
Dividends Paid	$1.4B	$1.3B+9.1%	$1.2B+7.6%	$1.1B+7.9%	$1.0B+8.2%	$935.0M+9.2%	$856.0M+8.2%	$791.0M+8.4%	$730.0M+1.2%	$721.0M+5.9%	$681.0M+12.2%	$607.0M+8.1%	$561.4M+9.2%	$514.0M+5.6%	$486.8M+2.5%	$474.8M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$1.0M-66.7%	$3.0M-90.6%	$32.0M	$0	$0	$0-100.0%	$18.5M	$0

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$1.1B+1.8%	$1.7B+65.1%	$209.0M-68.5%	$1.8B+1.6%	$1.1B-9.2%	$1.0B-2.1%	$664.0M-31.8%	$1.7B-8.5%
Depreciation & Amortization	$657.0M-9.6%	$767.0M+4.5%	$752.0M+5.3%	$755.0M+10.2%	$727.0M+3.0%	$734.0M+10.5%	$714.0M+10.4%	$685.0M+10.1%
Stock-Based Compensation	N/A	$11.0M+22.2%	N/A	N/A	N/A	$9.0M+50.0%	N/A	N/A
Capital Expenditures	$2.9B+21.5%	$3.0B+52.0%	$3.4B+55.1%	$3.1B+71.7%	$2.4B+32.6%	$2.0B+29.3%	$2.2B+37.4%	$1.8B+8.4%
Free Cash Flow	-$1.8B-37.3%	-$1.3B-38.0%	-$3.2B-107.9%	-$1.3B-2971.4%	-$1.3B-110.0%	-$960.0M-97.1%	-$1.6B-142.7%	-$42.0M-116.3%
Investing Cash Flow	-$2.9B-20.5%	-$3.0B-51.6%	-$3.5B-55.8%	-$3.1B-70.7%	-$2.4B-32.1%	-$2.0B-28.0%	-$2.2B-36.5%	-$1.8B-8.5%
Financing Cash Flow	$2.1B+23.7%	$2.8B+47.2%	$2.5B+1138.8%	$895.0M+22275.0%	$1.7B-3.7%	$1.9B+117.2%	$201.0M+3.1%	$4.0M-94.6%
Dividends Paid	$361.0M+13.2%	$347.0M+13.4%	$328.0M+7.9%	$329.0M+11.1%	$319.0M+8.1%	$306.0M+9.3%	$304.0M+9.4%	$296.0M+6.5%

Not reported in any period shown, so not listed: Share Buybacks.

XELLL Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

XELLL quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	66.6%-0.5pp	67.1%+0.5pp	66.5%	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	17.0%-2.5pp	19.5%-0.7pp	20.2%+2.0pp	18.1%+1.5pp	16.7%-0.3pp	16.9%-1.1pp	18.0%+1.3pp	16.7%
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	10.9%+0.9pp	10.1%0.0pp	10.1%+1.2pp	8.9%+0.2pp	8.7%+0.1pp	8.7%-0.2pp	8.9%+1.0pp	7.9%
Return on Equity	8.6%-1.4pp	9.9%-0.1pp	10.1%-0.4pp	10.4%+0.2pp	10.2%+0.1pp	10.1%-0.3pp	10.4%0.0pp	10.3%+0.3pp	10.0%-0.2pp	10.2%+0.9pp	9.3%-0.7pp	10.0%+0.1pp	9.9%-0.3pp	10.2%+0.3pp	9.9%
Return on Assets	2.5%-0.3pp	2.8%0.0pp	2.8%-0.1pp	2.8%+0.1pp	2.8%0.0pp	2.7%0.0pp	2.7%0.0pp	2.7%+0.1pp	2.7%-0.1pp	2.7%+0.2pp	2.5%-0.2pp	2.8%0.0pp	2.8%-0.1pp	2.9%+0.1pp	2.9%
Current Ratio	0.710.0x	0.67-0.1x	0.72-0.1x	0.850.0x	0.84+0.1x	0.77+0.1x	0.680.0x	0.690.0x	0.73-0.1x	0.88+0.2x	0.68-0.1x	0.83-0.1x	0.880.0x	0.89+0.1x	0.83
Debt-to-Equity	1.35-0.1x	1.400.0x	1.410.0x	1.370.0x	1.400.0x	1.350.0x	1.310.0x	1.290.0x	1.270.0x	1.29+0.1x	1.170.0x	1.130.0x	1.140.0x	1.14+0.1x	1.04
Asset Turnover	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0.250.0x	0.270.0x	0.270.0x	0.280.0x	0.320.0x	0.320.0x	0.330.0x	0.36
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-7.2%-6.2pp	-1.0%+0.3pp	-1.3%+4.6pp	-5.9%-1.2pp	-4.6%+2.8pp	-7.4%-27.2pp	19.8%-2.8pp	22.6%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Return on Equity	2.4%+0.3pp	2.3%-0.1pp	N/A	2.5%-1.1pp	2.1%+0.4pp	2.4%-0.3pp	N/A	3.5%-0.3pp
Return on Assets	0.7%+0.1pp	0.7%0.0pp	N/A	0.7%-0.3pp	0.6%+0.1pp	0.7%-0.1pp	N/A	1.0%-0.1pp
Current Ratio	0.70-0.3x	0.770.0x	0.710.0x	0.79-0.1x	0.960.0x	0.80-0.1x	0.67-0.1x	0.93+0.1x
Debt-to-Equity	1.490.0x	1.450.0x	1.35-0.1x	1.51+0.1x	1.48-0.1x	1.480.0x	1.400.0x	1.420.0x

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Asset Turnover, FCF Margin.

Note: The current ratio is below 1.0 (0.71), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Where Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085 Ranks

Frequently Asked Questions

Is Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085 profitable?

Yes, Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085 (XELLL) reported a net income of $2.0B in fiscal year 2025.

What is Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085's earnings per share (EPS)?

Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085 (XELLL) reported diluted earnings per share of $3.42 for fiscal year 2025. This represents a -0.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085's EBITDA?

Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085 (XELLL) had EBITDA of $5.6B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085 have?

As of fiscal year 2025, Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085 (XELLL) had $274.0M in cash and equivalents against $31.8B in long-term debt.

Does Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085 pay dividends?

Yes, Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085 (XELLL) paid $2.28 per share in dividends during fiscal year 2025.

What is Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085's return on equity (ROE)?

Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085 (XELLL) has a return on equity of 8.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085's free cash flow?

Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085 (XELLL) recorded an outflow of $6.8B in free cash flow during fiscal year 2025. This represents a -150.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085's operating cash flow?

Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085 (XELLL) generated $4.1B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085's total assets?

Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085 (XELLL) had $81.4B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085's capital expenditures?

Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085 (XELLL) invested $10.9B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085 have outstanding?

Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085 (XELLL) had 624M shares outstanding as of fiscal year 2025.

What is Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085's current ratio?

Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085 (XELLL) had a current ratio of 0.71 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085's debt-to-equity ratio?

Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085 (XELLL) had a debt-to-equity ratio of 1.35 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085's return on assets (ROA)?

Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085 (XELLL) had a return on assets of 2.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085's Piotroski F-Score?

Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085 (XELLL) has a Piotroski F-Score of 4 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085's earnings high quality?

Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085 (XELLL) has an earnings quality ratio of 2.02x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085 cover its interest payments?

Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085 (XELLL) has an interest coverage ratio of 1.76x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.