EBITDA for Xcel Energy (XEL)
According to Xcel Energy's latest reported financial statements, the company's current EBITDA (TTM) is $6.06B USD. EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a common proxy for operating cash generation that strips out non-cash charges (depreciation and amortization) and capital structure effects (interest, taxes). Useful for comparing companies with different leverage and asset bases — see operating income and net income for fully GAAP figures.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .

XEL
Currently viewingEBITDASwitch metric
TTM (last 4 quarters)
$6.06B
YoY change
+8.5%
5Y CAGR
+7.0%
Peak year (2025)
$6.07B
Cumulative EBITDA
$111.10B
EBITDA history chart for Xcel Energy (XEL) from 1985 to 2025
EBITDA history table for Xcel Energy (XEL) from 1985 to 2025
| Fiscal year | Period ended | Reported | EBITDA | YoY |
|---|---|---|---|---|
| 2025 | $6.07B | +8.5% | ||
| 2024 | $5.59B | +7.6% | ||
| 2023 | $5.20B | +2.3% | ||
| 2022 | $5.08B | +10.4% | ||
| 2021 | $4.60B | +6.5% | ||
| 2020 | $4.32B | +5.0% | ||
| 2019 | $4.11B | +6.2% | ||
| 2018 | $3.88B | -0.7% | ||
| 2017 | $3.90B | +4.5% | ||
| 2016 | $3.73B | +12.5% | ||
| 2015 | $3.32B | +3.7% | ||
| 2014 | $3.20B | +5.4% | ||
| 2013 | $3.04B | +3.2% | ||
| 2012 | $2.94B | +3.0% | ||
| 2011 | $2.86B | +6.1% | ||
| 2010 | $2.69B | +8.0% | ||
| 2009 | $2.49B | +3.7% | ||
| 2008 | $2.41B | +6.8% | ||
| 2007 | $2.25B | +8.7% | ||
| 2006 | $2.07B | +8.6% | ||
| 2005 | $1.91B | +3.4% | ||
| 2004 | $1.85B | -4.9% | ||
| 2003 | $1.94B | -3.0% | ||
| 2002 | $2.00B | -8.7% | ||
| 2001 | $2.19B | -2.9% | ||
| 2000 | $2.26B | +22.3% | ||
| 1999 | $1.85B | +6.3% | ||
| 1998 | $1.74B | +98.2% | ||
| 1997 | $876.60M | -3.5% | ||
| 1996 | $908.80M | +5.0% | ||
| 1995 | $865.20M | +9.9% | ||
| 1994 | $787.60M | -67.2% | ||
| 1993 | $2.40B | +11.3% | ||
| 1992 | $2.16B | -1.9% | ||
| 1991 | $2.20B | +6.6% | ||
| 1990 | $2.06B | +3.8% | ||
| 1989 | $1.99B | -0.8% | ||
| 1988 | $2.01B | +13.3% | ||
| 1987 | $1.77B | -0.6% | ||
| 1986 | $1.78B | -0.4% | ||
| 1985 | $1.79B | — |
EBITDA values are taken from Xcel Energy's reported income 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
Xcel Energy (XEL) most recent annual EBITDA stands at $6.07B (2025) – grew 8.5% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Xcel Energy EBITDA compounded at +7.0% per year, sustaining 7 straight years of year-over-year growth.
Across the available history, EBITDA reached its high of $6.07B in 2025 and its low of $787.60M in 1994.
Xcel Energy (XEL) sits 7th of 8 Utilities peers we track on this metric, against a peer median of $8.40B.
Xcel Energy EBITDA by Year
Xcel Energy EBITDA 2025: $6.07B
Xcel Energy EBITDA in 2025 was $6.07B, grew 8.5% from 2024. This figure represents the highest annual value in the available history.
Xcel Energy EBITDA 2024: $5.59B
Xcel Energy EBITDA in 2024 was $5.59B, grew 7.6% from 2023.
Xcel Energy EBITDA 2023: $5.20B
Xcel Energy EBITDA in 2023 was $5.20B, edged up 2.3% from 2022.
Xcel Energy EBITDA 2022: $5.08B
Xcel Energy EBITDA in 2022 was $5.08B, grew 10.4% from 2021.
Xcel Energy EBITDA 2021: $4.60B
Xcel Energy EBITDA in 2021 was $4.60B.
See more financial history for Xcel Energy (XEL).
Sector peers — EBITDA
Companies in the same sector as Xcel Energy, ranked by their latest EBITDA.
| Company | EBITDA | Sector |
|---|---|---|
| NextEra Energy, Inc. (NEE) | $16.16B | Utilities |
| Duke Energy Corporation (DUK) | $15.67B | Utilities |
| The Southern Company (SO) | $14.33B | Utilities |
| American Electric Power Company, Inc. (AEP) | $8.79B | Utilities |
| Dominion Energy, Inc. (D) | $8.02B | Utilities |
| Sempra (SRE) | $6.87B | Utilities |
| Constellation Energy Corporation (CEG) | $5.01B | Utilities |
| GE Vernova Inc. (GEV) | $3.68B | Utilities |
Frequently asked questions
What is Xcel Energy's EBITDA?
- Latest reported EBITDA for Xcel Energy (XEL) is $6.06B (period ending December 31, 2025).
How has Xcel Energy EBITDA changed year-over-year?
- Xcel Energy (XEL) EBITDA changed +8.5% year-over-year on the latest annual filing.
What is the long-term growth rate of Xcel Energy EBITDA?
- Xcel Energy (XEL) EBITDA compound annual growth rate is +7.0% over the most recent 5 years available.
When did Xcel Energy EBITDA hit its highest annual value?
- Xcel Energy EBITDA reached its highest annual value of $6.07B in 2025.
What was Xcel Energy EBITDA in 2024?
- Xcel Energy (XEL) EBITDA in 2024 was $5.59B.
What was Xcel Energy EBITDA in 2025?
- Xcel Energy (XEL) EBITDA in 2025 was $6.07B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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