Short answer
Xcel Energy (XEL) filed its fiscal 2025 10-K annual report with the SEC on Feb 25, 2026. It reported revenue of $14.7B (+9.1% year over year) and net income of $2.0B.
- Top risk flagged: PHMSA pipeline safety regulations create ongoing compliance cost exposure; Marshall Wildfire settlement in 2025 confirms insurance limits exceeded by extreme events
FY2025 key financial metrics · XBRL
- Revenue
- $14.7B
- +9.1% YoY
- Net income
- $2.0B
- +4.2% YoY
- Operating margin
- 17.6%
- −0.1 pp YoY
- EPS (diluted)
- $3.42
- −0.6% YoY
- ROE
- 8.5%
- −1.4 pp YoY
- Operating cash flow
- $4.1B
- −12.0% YoY
Source: XBRL data from the Xcel Energy (XEL) FY2025 10-K on SEC EDGAR. USD.
Xcel Energy FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Section 'business' was empty or not found.
Management Discussion & Analysis
- Section 'mda' was empty or not found.
Risk Factors
- PHMSA pipeline safety regulations create ongoing compliance cost exposure; Marshall Wildfire settlement in 2025 confirms insurance limits exceeded by extreme events
- Global supply chain dependency for critical components creates project delay and cancellation risk with no alternative supplier fallback identified
- Wildfire liability risk: Marshall Wildfire 2025 settlement exceeded insurance coverage, signaling structural underinsurance against escalating climate events
- Oil and gas sector largest C&I customer base, creating revenue concentration risk tied to volatile commodity price cycles
- Credit rating downgrade risk triggered by cost disallowances, historic test years, or unfavorable litigation could raise borrowing costs and force collateral posting
Generated from the filing text; verify against the original. How to read a 10-K
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