10-Q quarterly report · filed Oct 30, 2025

Xcel Energy (XEL) Q3 2025 10-Q Quarterly Report

Short answer

Xcel Energy (XEL) filed its Q3 2025 10-Q quarterly report on Oct 30, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $3.9B (up 7.4% year over year) with net income of $524M.

Q3 2025 key financials · XBRL

Revenue
$3.9B
+7.4% YoY · +19.1% QoQ
Net income
$524M
−23.2% YoY · +18.0% QoQ
Operating margin
19.1%
EPS (diluted)
$0.88
−27.3% YoY · +17.3% QoQ

Source: XBRL data from the Xcel Energy (XEL) Q3 2025 10-Q on SEC EDGAR. USD.

Xcel Energy Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Rate cases filed: NSP-Minnesota seeking $63M (8.2%) gas increase for 2026; Wisconsin electric $94M (11.8%) increase for 2026
  • Proposed rate adjustments in Minnesota reduce $295M (2025) and $306M (2026) from NSP-Minnesota’s requests
  • PSCW Staff recommends 14.4% electric rate increase across 2026-27 for NSP-Wisconsin, lowering requested $151M by $36M
  • Excess liability insurance premiums increased to $135M annually in 2025 with coverage renewal
  • CPUC decisions and resource plans pending that include up to 14 GW new capacity; key regulatory rulings expected through 2026

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

Other Xcel Energy quarterly reports

Ask about this quarter

Compare quarters, check guidance or see what insiders and funds did around the report.