Latest period
$13.10B
YoY change
-84.1%
5Y CAGR
-26.3%
Peak year (2024)
$7.36B
Cumulative CapEx
$88.12B
CapEx history chart for Xcel Energy (XEL) from 1994 to 2025
Latest: $1.17B
CapEx growth chart for Xcel Energy (XEL) from 1994 to 2025
Latest: -84.1%
CapEx history table for Xcel Energy (XEL) from 1994 to 2025
| 2025 | $1.17B | -84.1% | −$6.19B | ||
| 2024 | $7.36B | +25.8% | +$1.51B | ||
| 2023 | $5.85B | +26.2% | +$1.22B | ||
| 2022 | $4.64B | +9.3% | +$394.00M | ||
| 2021 | $4.24B | -21.0% | −$1.13B | ||
| 2020 | $5.37B | +27.1% | +$1.14B | ||
| 2019 | $4.22B | +6.8% | +$268.00M | ||
| 2018 | $3.96B | +19.2% | +$638.00M | ||
| 2017 | $3.32B | +1.9% | +$63.45M | ||
| 2016 | $3.26B | -11.6% | −$427.81M | ||
| 2015 | $3.68B | +15.1% | +$483.57M | ||
| 2014 | $3.20B | -5.8% | −$195.53M | ||
| 2013 | $3.40B | +32.1% | +$825.12M | ||
| 2012 | $2.57B | +16.5% | +$364.64M | ||
| 2011 | $2.21B | -25.2% | −$744.25M | ||
| 2010 | $2.95B | +65.1% | +$1.16B | ||
| 2009 | $1.79B | -15.4% | −$326.34M | ||
| 2008 | $2.11B | +0.8% | +$16.39M | ||
| 2007 | $2.10B | +28.8% | +$469.24M | ||
| 2006 | $1.63B | +24.1% | +$316.18M | ||
| 2005 | $1.31B | +2.7% | +$34.99M | ||
| 2004 | $1.28B | +2918.5% | +$1.23B | ||
| 2003 | $42.29M | -98.2% | −$2.37B | ||
| 2002 | $2.41B | -55.1% | −$2.96B | ||
| 2001 | $5.37B | +68.7% | +$2.18B | ||
| 2000 | $3.18B | +588.4% | +$2.72B | ||
| 1999 | $462.10M | +12.4% | +$51.00M | ||
| 1998 | $411.10M | +3.7% | +$14.50M | ||
| 1997 | $396.60M | -3.9% | −$15.90M | ||
| 1996 | $412.50M | +2.9% | +$11.50M | ||
| 1995 | $401.00M | -2.0% | −$8.30M | ||
| 1994 | $409.30M | — | — |
- 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 (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About CapEx at Xcel Energy (XEL)
According to Xcel Energy's latest reported financial statements, the company's current CapEx (TTM) is $13.10B. 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 .
2025's annual CapEx for Xcel Energy (XEL) came in at $1.17B – plunged 84.1% year-over-year.
Over 2020–2025 (5 years), Xcel Energy CapEx expanded at a -26.3% compound annual rate, with a net decline across the window.
Xcel Energy CapEx plunged from $7.36B in 2024 to $1.17B in 2025, a 84.1% drawdown.
The record annual CapEx stands at $7.36B, reached in 2024; the historical low of $42.29M was recorded in 2003.
Xcel Energy Capital Expenditures by Year
Xcel Energy Capital Expenditures 2025: $1.17B
Xcel Energy CapEx in 2025 was $1.17B, plunged 84.1% below 2024.
Xcel Energy Capital Expenditures 2024: $7.36B
2024's CapEx for Xcel Energy came in at $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 posted CapEx of $5.85B in 2023, grew 26.2% from 2022.
Xcel Energy Capital Expenditures 2022: $4.64B
In 2022, Xcel Energy reported CapEx of $4.64B, grew 9.3% from 2021.
Xcel Energy Capital Expenditures 2021: $4.24B
Xcel Energy CapEx in 2021 was $4.24B.
See more financial history for Xcel Energy (XEL).
Sector peers by CapEx
Utilities peers of Xcel Energy (XEL), ranked by their latest CapEx
| $14.02B | |
| $12.74B | |
| $12.64B | |
| $10.61B | |
| $9.27B | |
| $2.95B | |
| $1.28B | |
| $130.00M |
- $14.02B
- $12.74B
- $12.64B
- $10.61B
- $9.27B
- $1.28B
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