Total Debt for Xcel Energy (XEL)
According to Xcel Energy's latest reported financial statements, the company's latest reported total debt is $34.78B USD. Total debt is the sum of short-term and long-term interest-bearing borrowings on the balance sheet (notes, bonds, term loans, lease liabilities). Useful for leverage and refinancing risk — combine with cash on hand for net debt, and see total liabilities for the broader obligations picture.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
XEL
Currently viewingTotal DebtSwitch metric
Latest period
$34.78B
YoY change
+15.1%
5Y CAGR
+9.4%
Peak year (2025)
$34.78B
Latest annual
$34.78B
Total Debt history chart for Xcel Energy (XEL) from 1994 to 2025
Total Debt history table for Xcel Energy (XEL) from 1994 to 2025
| Fiscal year | Period ended | Reported | Total Debt | YoY |
|---|---|---|---|---|
| 2025 | $34.78B | +15.1% | ||
| 2024 | $30.21B | +9.8% | ||
| 2023 | $27.51B | +5.7% | ||
| 2022 | $26.03B | +5.2% | ||
| 2021 | $24.74B | +11.4% | ||
| 2020 | $22.21B | +8.6% | ||
| 2019 | $20.45B | +18.6% | ||
| 2018 | $17.25B | +9.2% | ||
| 2017 | $15.79B | +6.4% | ||
| 2016 | $14.84B | +6.8% | ||
| 2015 | $13.90B | +8.8% | ||
| 2014 | $12.78B | +6.9% | ||
| 2013 | $11.95B | +8.6% | ||
| 2012 | $11.00B | +8.7% | ||
| 2011 | $10.13B | +3.5% | ||
| 2010 | $9.78B | +10.0% | ||
| 2009 | $8.89B | +1.7% | ||
| 2008 | $8.75B | +8.4% | ||
| 2007 | $8.07B | +8.8% | ||
| 2006 | $7.41B | -0.9% | ||
| 2005 | $7.48B | +6.4% | ||
| 2004 | $7.03B | +4.7% | ||
| 2003 | $6.71B | +5.2% | ||
| 2002 | $6.38B | -56.1% | ||
| 2001 | $14.53B | +50.4% | ||
| 2000 | $9.66B | +25.6% | ||
| 1999 | $7.69B | +212.6% | ||
| 1998 | $2.46B | +6.8% | ||
| 1997 | $2.30B | +3.7% | ||
| 1996 | $2.22B | +15.4% | ||
| 1995 | $1.93B | +3.6% | ||
| 1994 | $1.86B | — |
Total Debt 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
The 2025 reading of Xcel Energy (XEL) total debt is $34.78B – grew 15.1% year-over-year.
Across 2020–2025 (5 years), Xcel Energy total debt produced a CAGR of +9.4% – with the latest reading among the more recent periods of the dataset.
Across the available history, total debt reached its high of $34.78B in 2025 and its low of $1.86B in 1994.
Xcel Energy (XEL) sits 7th of 8 Utilities peers we track on this metric, against a peer median of $49.59B.
Xcel Energy Total Debt by Year
Xcel Energy Total Debt 2025: $34.78B
Xcel Energy total debt in 2025 was $34.78B, grew 15.1% from 2024. This figure represents the highest annual value in the available history.
Xcel Energy Total Debt 2024: $30.21B
Xcel Energy total debt in 2024 was $30.21B, grew 9.8% from 2023.
Xcel Energy Total Debt 2023: $27.51B
Xcel Energy total debt in 2023 was $27.51B, grew 5.7% from 2022.
Xcel Energy Total Debt 2022: $26.03B
Xcel Energy total debt in 2022 was $26.03B, grew 5.2% from 2021.
Xcel Energy Total Debt 2021: $24.74B
Xcel Energy total debt in 2021 was $24.74B.
See more financial history for Xcel Energy (XEL).
Sector peers — Total Debt
Companies in the same sector as Xcel Energy, ranked by their latest total debt.
| Company | Total Debt | Sector |
|---|---|---|
| NextEra Energy, Inc. (NEE) | $95.62B | Utilities |
| Duke Energy Corporation (DUK) | $90.87B | Utilities |
| The Southern Company (SO) | $65.82B | Utilities |
| American Electric Power Company, Inc. (AEP) | $50.24B | Utilities |
| Dominion Energy, Inc. (D) | $48.94B | Utilities |
| Sempra (SRE) | $36.29B | Utilities |
| Constellation Energy Corporation (CEG) | $8.99B | Utilities |
| GE Vernova Inc. (GEV) | $0 | Utilities |
Frequently asked questions
What is Xcel Energy's total debt?
- Latest reported total debt for Xcel Energy (XEL) is $34.78B (period ending December 31, 2025).
How has Xcel Energy total debt changed year-over-year?
- Xcel Energy (XEL) total debt changed +15.1% year-over-year on the latest annual filing.
What is the long-term growth rate of Xcel Energy total debt?
- Xcel Energy (XEL) total debt compound annual growth rate is +9.4% over the most recent 5 years available.
When did Xcel Energy total debt hit its highest annual value?
- Xcel Energy total debt reached its highest annual value of $34.78B in 2025.
What was Xcel Energy total debt in 2024?
- Xcel Energy (XEL) total debt in 2024 was $30.21B.
What was Xcel Energy total debt in 2025?
- Xcel Energy (XEL) total debt in 2025 was $34.78B.
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