Capital Expenditures for Xcel Energy (XEL)
According to Xcel Energy's latest reported financial statements, the company's current capital expenditures (TTM) is $10.96B USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
XEL
Currently viewingCapital ExpendituresSwitch metric
Latest period
$10.96B
YoY change
-84.1%
5Y CAGR
-26.3%
Peak year (2024)
$7.36B
Cumulative capital expenditures
$85.10B
CapEx history chart for Xcel Energy (XEL) from 1994 to 2025
CapEx history table for Xcel Energy (XEL) from 1994 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $1.17B | -84.1% | ||
| 2024 | $7.36B | +25.8% | ||
| 2023 | $5.85B | +26.2% | ||
| 2022 | $4.64B | +9.3% | ||
| 2021 | $4.24B | -21.0% | ||
| 2020 | $5.37B | +27.1% | ||
| 2019 | $4.22B | +6.8% | ||
| 2018 | $3.96B | +19.2% | ||
| 2017 | $3.32B | +1.9% | ||
| 2016 | $3.26B | -11.6% | ||
| 2015 | $3.68B | +15.1% | ||
| 2014 | $3.20B | -5.8% | ||
| 2013 | $3.40B | +32.1% | ||
| 2012 | $2.57B | +16.5% | ||
| 2011 | $2.21B | -25.2% | ||
| 2010 | $2.95B | +65.1% | ||
| 2009 | $1.79B | -15.4% | ||
| 2008 | $2.11B | +0.8% | ||
| 2007 | $2.10B | +28.8% | ||
| 2006 | $1.63B | +24.1% | ||
| 2005 | $1.31B | +2.7% | ||
| 2004 | $1.28B | +2918.5% | ||
| 2003 | $42.29M | -98.2% | ||
| 2002 | $2.41B | -55.1% | ||
| 2001 | $5.37B | +68.7% | ||
| 2000 | $3.18B | +588.4% | ||
| 1999 | $462.10M | +12.4% | ||
| 1998 | $411.10M | +3.7% | ||
| 1997 | $396.60M | -3.9% | ||
| 1996 | $412.50M | +2.9% | ||
| 1995 | $401.00M | -2.0% | ||
| 1994 | $409.30M | — |
CapEx values are taken from Xcel Energy's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
2025's annual capital expenditures for Xcel Energy (XEL) came in at $1.17B – plunged 84.1% year-over-year.
Over 2020–2025 (5 years), Xcel Energy capital expenditures expanded at a -26.3% compound annual rate, with a net decline across the window.
Xcel Energy capital expenditures plunged from $7.36B in 2024 to $1.17B in 2025, a 84.1% drawdown.
The dataset's maximum capital expenditures sits at $7.36B (2024); the minimum reading of $42.29M dates to 2003.
Xcel Energy (XEL) sits 8th of 8 Utilities peers we track on this metric, against a peer median of $9.94B.
Xcel Energy Capital Expenditures by Year
Xcel Energy Capital Expenditures 2025: $1.17B
Xcel Energy capital expenditures in 2025 was $1.17B, plunged 84.1% below 2024.
Xcel Energy Capital Expenditures 2024: $7.36B
Xcel Energy capital expenditures in 2024 was $7.36B, grew 25.8% from 2023. This figure represents the highest annual value in the available history.
Xcel Energy Capital Expenditures 2023: $5.85B
Xcel Energy capital expenditures in 2023 was $5.85B, grew 26.2% from 2022.
Xcel Energy Capital Expenditures 2022: $4.64B
Xcel Energy capital expenditures in 2022 was $4.64B, grew 9.3% from 2021.
Xcel Energy Capital Expenditures 2021: $4.24B
Xcel Energy capital expenditures in 2021 was $4.24B.
See more financial history for Xcel Energy (XEL).
Sector peers — CapEx
Companies in the same sector as Xcel Energy, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Duke Energy Corporation (DUK) | $14.02B | Utilities |
| The Southern Company (SO) | $13.39B | Utilities |
| Dominion Energy, Inc. (D) | $12.64B | Utilities |
| Sempra (SRE) | $10.61B | Utilities |
| NextEra Energy, Inc. (NEE) | $9.27B | Utilities |
| Constellation Energy Corporation (CEG) | $2.95B | Utilities |
| GE Vernova Inc. (GEV) | $1.28B | Utilities |
| American Electric Power Company, Inc. (AEP) | $130.00M | Utilities |
Frequently asked questions
What is Xcel Energy's capital expenditures?
- Latest reported capital expenditures for Xcel Energy (XEL) is $10.96B (period ending December 31, 2025).
How has Xcel Energy capital expenditures changed year-over-year?
- Xcel Energy (XEL) capital expenditures changed -84.1% year-over-year on the latest annual filing.
What is the long-term growth rate of Xcel Energy capital expenditures?
- Xcel Energy (XEL) capital expenditures compound annual growth rate is -26.3% over the most recent 5 years available.
When did Xcel Energy capital expenditures hit its highest annual value?
- Xcel Energy capital expenditures reached its highest annual value of $7.36B in 2024.
What was Xcel Energy capital expenditures in 2024?
- Xcel Energy (XEL) capital expenditures in 2024 was $7.36B.
What was Xcel Energy capital expenditures in 2025?
- Xcel Energy (XEL) capital expenditures in 2025 was $1.17B.
Metrics overview
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