Net Assets for Xcel Energy (XEL)
According to Xcel Energy's latest reported financial statements, the company's latest reported net assets is $23.61B USD. Net assets — also called stockholders' equity — equal total assets minus total liabilities. They represent the residual claim of shareholders on the company's assets and roughly track book value over time.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

XEL
Currently viewingNet AssetsSwitch metric
Latest period
$23.61B
YoY change
+20.9%
5Y CAGR
+10.1%
Peak year (2025)
$23.61B
Latest annual
$23.61B
Net Assets history chart for Xcel Energy (XEL) from 1994 to 2025
Net Assets history table for Xcel Energy (XEL) from 1994 to 2025
| Fiscal year | Period ended | Reported | Net Assets | YoY |
|---|---|---|---|---|
| 2025 | $23.61B | +20.9% | ||
| 2024 | $19.52B | +10.8% | ||
| 2023 | $17.62B | +5.6% | ||
| 2022 | $16.68B | +6.8% | ||
| 2021 | $15.61B | +7.1% | ||
| 2020 | $14.57B | +10.1% | ||
| 2019 | $13.24B | +8.3% | ||
| 2018 | $12.22B | +6.7% | ||
| 2017 | $11.46B | +3.9% | ||
| 2016 | $11.02B | +4.0% | ||
| 2015 | $10.60B | +3.8% | ||
| 2014 | $10.21B | +6.8% | ||
| 2013 | $9.57B | +7.8% | ||
| 2012 | $8.87B | +4.6% | ||
| 2011 | $8.48B | +3.6% | ||
| 2010 | $8.19B | +10.8% | ||
| 2009 | $7.39B | +4.5% | ||
| 2008 | $7.07B | +10.3% | ||
| 2007 | $6.41B | +8.2% | ||
| 2006 | $5.92B | +7.7% | ||
| 2005 | $5.50B | +3.6% | ||
| 2004 | $5.31B | +0.7% | ||
| 2003 | $5.27B | +10.5% | ||
| 2002 | $4.77B | -24.3% | ||
| 2001 | $6.30B | +11.2% | ||
| 2000 | $5.67B | +112.8% | ||
| 1999 | $2.66B | +2.9% | ||
| 1998 | $2.59B | +0.6% | ||
| 1997 | $2.57B | +8.2% | ||
| 1996 | $2.38B | +4.8% | ||
| 1995 | $2.27B | +6.1% | ||
| 1994 | $2.14B | — |
Net Assets values are taken from Xcel Energy's reported balance sheets (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 net assets stands at $23.61B (2025) – grew 20.9% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Xcel Energy net assets compounded at +10.1% per year, sustaining 23 straight years of year-over-year growth.
Across the available history, net assets reached its high of $23.61B in 2025 and its low of $2.14B in 1994.
Within Utilities, Xcel Energy (XEL) ranks 7th among 8 peers we track. The peer median for net assets is $31.38B.
Xcel Energy Net Assets by Year
Xcel Energy Net Assets 2025: $23.61B
Xcel Energy net assets in 2025 was $23.61B, grew 20.9% from 2024. This figure represents the highest annual value in the available history.
Xcel Energy Net Assets 2024: $19.52B
Xcel Energy net assets in 2024 was $19.52B, grew 10.8% from 2023.
Xcel Energy Net Assets 2023: $17.62B
Xcel Energy net assets in 2023 was $17.62B, grew 5.6% from 2022.
Xcel Energy Net Assets 2022: $16.68B
Xcel Energy net assets in 2022 was $16.68B, grew 6.8% from 2021.
Xcel Energy Net Assets 2021: $15.61B
Xcel Energy net assets in 2021 was $15.61B.
See more financial history for Xcel Energy (XEL).
Sector peers — Net Assets
Companies in the same sector as Xcel Energy, ranked by their latest net assets.
| Company | Net Assets | Sector |
|---|---|---|
| NextEra Energy, Inc. (NEE) | $54.61B | Utilities |
| Duke Energy Corporation (DUK) | $51.84B | Utilities |
| The Southern Company (SO) | $36.02B | Utilities |
| Sempra (SRE) | $31.61B | Utilities |
| American Electric Power Company, Inc. (AEP) | $31.14B | Utilities |
| Dominion Energy, Inc. (D) | $29.08B | Utilities |
| Constellation Energy Corporation (CEG) | $14.52B | Utilities |
| GE Vernova Inc. (GEV) | $11.18B | Utilities |
Frequently asked questions
What is Xcel Energy's net assets?
- Latest reported net assets for Xcel Energy (XEL) is $23.61B (period ending December 31, 2025).
How has Xcel Energy net assets changed year-over-year?
- Xcel Energy (XEL) net assets changed +20.9% year-over-year on the latest annual filing.
What is the long-term growth rate of Xcel Energy net assets?
- Xcel Energy (XEL) net assets compound annual growth rate is +10.1% over the most recent 5 years available.
When did Xcel Energy net assets hit its highest annual value?
- Xcel Energy net assets reached its highest annual value of $23.61B in 2025.
What was Xcel Energy net assets in 2024?
- Xcel Energy (XEL) net assets in 2024 was $19.52B.
What was Xcel Energy net assets in 2025?
- Xcel Energy (XEL) net assets in 2025 was $23.61B.
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