Xcel Energy (XEL) FY2024 results: revenue $13.4 billion, down 5.4% on the year
Xcel Energy Inc. (XEL) reported revenue of $13.4 billion for fiscal 2024, the year ended 31 December 2024, down 5.4% on the year before. Net income was $1.9 billion, up 9.3%, and diluted earnings per share $3.44. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2025.
Revenue
$13.4 billion
-5.4% on the year
FY2017FY2024
Operating margin
17.8%
17.5% a year earlier
FY2017FY2024
Net income
$1.9 billion
+9.3% on the year
FY2017FY2024
Diluted EPS
$3.44
+7.2% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
4,641
5,327
3,932
-12.9%
Capital expenditure
7,364
5,854
4,638
+25.8%
Free cash flow
-2,723
-527
-706
Free cash flow margin
-20.3%
-3.7%
-4.6%
Cash from investing
-7,428
-5,926
-4,653
Cash from financing
2,837
617
666
+359.8%
Depreciation and amortisation
2,769
2,471
2,436
+12.1%
Share-based compensation
33.0
25.0
20.0
+32.0%
Dividends paid
1,175
1,092
1,012
+7.6%
Dividend per share
$2.19
$2.08
$1.95
+5.3%
Diluted shares, weighted
563m
552m
547m
+2.0%
Shares outstanding at period end
574m
555m
550m
+3.5%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
19,522
17,616
16,675
+10.8%
Debt
29,114
26,250
24,777
+10.9%
Operating lease liabilities
867
1,038
1,038
-16.5%
Finance lease liabilities
60.0
62.0
64.0
-3.2%
Other liabilities
20,472
19,113
18,634
+7.1%
Total liabilities and equity
70,035
64,079
61,188
+9.3%
Fixed assets
57,198
51,642
48,253
+10.8%
Cash and equivalents
179
129
111
+38.8%
Receivables
1,249
1,315
1,373
-5.0%
Inventory
666
711
803
-6.3%
Other assets
10,743
10,282
10,648
+4.5%
Total assets
70,035
64,079
61,188
+9.3%
10-K for the year ended 31 December 2024, filed 27 February 2025: the filing.