Here are the 10-K annual reports from Xcel Energy, Inc. (XEL) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow XEL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full XEL filings page.
Xcel Energy Inc. presents an overview of its regulated electric and natural gas business, serving 3.9 million electric and 2.2 million natural gas customers across eight states with total assets of $81.4 billion.
The company highlights a five-year capital plan of $60 billion focused on transmission, distribution, reliability and clean energy, including about 11,000 MW of wind capacity and major solar projects like Sherco Solar. Through 2025, carbon emissions from generation are down an estimated 58% from 2005, and Xcel remains committed to zero-carbon electricity and net‑zero natural gas service by 2050.
Xcel notes a long record of meeting or exceeding ongoing EPS guidance for 21 consecutive years and delivering 23 straight years of dividend growth, while detailing extensive ESG initiatives, wildfire mitigation efforts, workforce diversity data and a broad set of operational, financial, regulatory, climate and cybersecurity risks that could affect future performance.