OverviewSuggest Edit

Xcel Energy is a company engaged in the generation, purchase, transmission, distribution, and sale of electricity. It generates electricity through coal, nuclear, natural gas, hydroelectric, solar, biomass, oil and refuse, and wind energy sources. The company also purchases, transports, distributes, and sells natural gas.
HQMinneapolis, MN, US
Employee Ratings3.8
Overall CultureC-

Latest Updates

Employees (est.) (Dec 2021)11,321
Job Openings232
Revenue (FY, 2020)$11.5 B
Share Price (May 2022)$74.5(+2%)
Cybersecurity ratingBMore
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Key People/Management at Xcel Energy

Robert Frenzel

Robert Frenzel

Chairman, President and CEO
Brett C. Carter

Brett C. Carter

Executive Vice President and Group President, Utilities and Chief Customer Officer
Timothy O'Connor

Timothy O'Connor

Executive Vice President and Chief Operations Officer
Brian Van Abel

Brian Van Abel

Executive Vice President and Chief Financial Officer
Amanda Rome

Amanda Rome

Executive Vice President and Chief Legal and Compliance Officer
Alice K. Jackson

Alice K. Jackson

President, Xcel Energy - Colorado
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Xcel Energy Office Locations

Xcel Energy has offices in Minneapolis, Becker, Carlsbad, Denver and in 28 other locations
Minneapolis, MN, US (HQ)
414 Nicollet Mall
Becker, MN, US
13999 Industrial Blvd
Carlsbad, NM, US
1601 Commerce Dr
Denver, CO, US
1800 Larimer St
Eau Claire, WI, US
1414 W Hamilton Ave
Fargo, ND, US
2302 Great Northern Dr
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Xcel Energy Financials and Metrics

Xcel Energy Revenue

Xcel Energy's revenue was reported to be $11.53 b in FY, 2020

Revenue (Q1, 2022)


Net income (Q1, 2022)


EBIT (Q1, 2022)


Market capitalization (13-May-2022)


Closing stock price (13-May-2022)


Cash (31-Mar-2022)

Xcel Energy's current market capitalization is $40.1 b.
USDFY, 2017FY, 2018FY, 2019FY, 2020



Revenue growth, %


Cost of goods sold


Gross profit

USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q1, 2022



Cost of goods sold


Gross profit


Gross profit Margin, %

USDFY, 2017FY, 2018FY, 2019FY, 2020FY, 2021



Accounts Receivable


Prepaid Expenses



USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022



Accounts Receivable


Prepaid Expenses



USDFY, 2017FY, 2018FY, 2019FY, 2020FY, 2021

Net Income


Depreciation and Amortization




Accounts Payable

USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Net Income


Depreciation and Amortization




Accounts Payable

USDFY, 2017




1.4 x


0.4 x

Financial Leverage

3.8 x
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Xcel Energy Operating Metrics

FY, 2017FY, 2018FY, 2019

Customers (Electric)

3.59 m3.63 m3.66 m

Electricity Sold, GWh

107.06 k115.78 k116.32 k

Natural Gas Deliveries, MMBtu

363.96 m418.58 m463.19 k

System Peak Demand (NSP System), MW

8.55 k8.93 k8.77 k
Show all operating metrics

Xcel Energy Acquisitions / Subsidiaries

Company NameDateDeal Size
Nicollet Holdings Company, LLC
Nicollet Project Holdings, LLC
Northern States Power Company (a Minnesota corporation)
Northern States Power Company (a Wisconsin corporation)
Public Service Company of Colorado
Southwestern Public Service Company
WestGas InterState, Inc.
Xcel Energy Communications Group Inc. 
Xcel Energy International Inc.
Xcel Energy Markets Holdings Inc.
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Xcel Energy Revenue Breakdown

Embed Graph

Xcel Energy revenue breakdown by business segment: 16.2% from Regulated Natural Gas, 83.0% from Regulated Electric and 0.7% from Other

Xcel Energy Cybersecurity Score

Cybersecurity ratingPremium dataset



SecurityScorecard logo

Xcel Energy Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset


out of 100

CSRHub logo

Xcel Energy Online and Social Media Presence

Embed Graph

Xcel Energy Company Culture

  • Overall Culture



  • CEO Rating



  • Compensation



  • Diversity



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Xcel Energy News and Updates

Xcel Energy CEO Fowke to retire from role, after 10 years as CEO

Xcel Energy Inc. said Thursday that Chief Executive Ben Fowke will retire from that role, effective Aug. 18, after 10 years as CEO. The Minnesota-based electricity generator and distributor said Fowke continue in his role as executive chairman during a transition period. The company said Chief Oper…

True Home Matches Xcel Energy Credits for Water Heaters

DENVER, April 22, 2021 /PRNewswire/ -- As part of its commitment to promote green and environmentally responsible technologies, True Home has announced that it will match credits offered by Xcel Energy on new hot water heaters. The match, announced by True Home, partnered with that of...

Xcel Energy raises dividend, to boost implied yield to 3%

Xcel Energy Inc. said Wednesday that it raised its quarterly dividend by 6.4%, to 45.75 cents a share from 43.00 cents. The electric and natural-gas company's new dividend is payable April 20 to shareholders of record on March 15. The stock rose 0.9% in afternoon trading. Based on current stock pri…

Xcel issues Energy Alert, saying conserving power is 'urgently needed'

Xcel Energy is again asking customers to reduce their electricity usage during the winter weather impacting the High Plains Monday - saying there could be consequences if we do not.

Xcel Energy one of first U.S. energy providers to reach 10,000-megawatt wind power milestone

At the end of 2020, Xcel Energy became one of the first energy providers in the United States to reach 10,000 megawatts of wind energy capacity online for customers in the states it serves.

Xcel Energy honored again as a best place to work for LGBTQ equality

For the fifth year in a row Xcel Energy has been honored as a best place to work for lesbian, gay, bisexual, transgender and queer (LGBTQ) equality.
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Xcel Energy Blogs

How to help the monarchs now

The monarchs have made it! The first wave of butterfly species are in Mexico with more on the way.  Each year the creatures migrate 2,000 miles from their breeding grounds in the Midwest to their wintering site in central Mexico. But just because the cold has settled in for those of us stuck in the …

Right-sizing the future of Denver

It’s a story that’s being heard again and again. Buildings constructed in the 1970s and 80s reach a decision point. While the exteriors may be ready for more years of service, the HVAC infrastructures are not. The choice becomes, replace or retrofit. A classic opportunity for innovative HVAC solutio…

Goats Versus Invasive Species

When you look around the world, new energy technology is offering us amazing options: • New software technology is helping wind turbines run more efficiently. • Electric cars are going further on a charge, making them promising as a driving option. • Advanced materials are making solar roofs look ju…

Drones Rise to the Challenge

This is not a post about the potential of drone technology. It is a real-life account of how drones are making a significant difference today. What’s more, it’s happening within the highly secure and carefully monitored environment of a nuclear power plant. Recently our Prairie Island Nuclear Plant …

Made in Minnesota

A new advertising campaign has launched in Minnesota with a focus on two simple words, thank you. Read on to find out more about the local ties during filming and why we’re thanking customers. Minnesota products featured Those boots are from Red Wing Shoes which have been making work boots by hand f…

Minnesota Governor Recognizes St. Croix River Day

Photo Courtesy: Craig Blacklock Today marks 50 years since the Wild and Scenic Rivers Act was signed into law, creating the St. Croix National Scenic Riverway. Minnesota Governor Mark Dayton signed a proclamation recognizing the occasion and declaring October 2 “Saint Croix River Day”. The proclamat…
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Xcel Energy Frequently Asked Questions

  • When was Xcel Energy founded?

    Xcel Energy was founded in 1909.

  • Who are Xcel Energy key executives?

    Xcel Energy's key executives are Robert Frenzel, Brett C. Carter and Timothy O'Connor.

  • How many employees does Xcel Energy have?

    Xcel Energy has 11,321 employees.

  • What is Xcel Energy revenue?

    Latest Xcel Energy annual revenue is $11.5 b.

  • What is Xcel Energy revenue per employee?

    Latest Xcel Energy revenue per employee is $1 m.

  • Who are Xcel Energy competitors?

    Competitors of Xcel Energy include NLC India, Mingyang Smart Energy and Sempra Energy.

  • Where is Xcel Energy headquarters?

    Xcel Energy headquarters is located at 414 Nicollet Mall, Minneapolis.

  • Where are Xcel Energy offices?

    Xcel Energy has offices in Minneapolis, Becker, Carlsbad, Denver and in 28 other locations.

  • How many offices does Xcel Energy have?

    Xcel Energy has 33 offices.