XEL Xcel Energy Inc. - Common Stock
NASDAQ · Utilities · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Apr 30, 2026XEL Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
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| Ex-date | Split | Type |
|---|---|---|
| June 2, 1998 | 2-for-1 | Forward |
| June 16, 1986 | 2-for-1 | Forward |
About Xcel Energy Inc. - Common Stock Company overview from Wikipedia
Xcel Energy Inc. is a U.S. regulated electric utility and natural gas delivery company based in Minneapolis, Minnesota, serving approximately 3.9 million electricity customers and 2.2 million natural gas customers across parts of eight states as of mid-2025. It consists of four operating subsidiaries: Northern States Power-Minnesota, Northern States Power-Wisconsin, Public Service Company of Colorado, and Southwestern Public Service Co.
In December 2018, Xcel Energy announced it would deliver 100 percent clean, carbon-free electricity by 2050, with an 80 percent carbon reduction by 2035 (from 2005 levels). This makes Xcel the first major US utility to set such a goal.
History
Xcel Energy was built on three companies: Minneapolis-based Northern States Power Company (NSP), Denver-based Public Service Company of Colorado (PSCo), and Amarillo-based Southwestern Public Service (SPS). Southwestern Public Service Co. (SPS) dates its origins to 1904 and the Pecos Valley in New Mexico when Maynard Gunsell received an electricity franchise for the city of Roswell, New Mexico and its 2,000 residents. The financial strain of creating this new enterprise soon overwhelmed him and he sold the franchise to W.H. Gillenwater, who named his utility the Roswell Electric Light Co. He later sold the company to an investment firm in Cleveland, Ohio, which already owned the Roswell Gas Co.
Northern States Power Company's timeline begins with the organization of the Washington County Light & Power Co. in 1909. When H. M. Byllesby began building his utility holding company across the Northwestern region of the US, he renamed it the Consumers Power Co. in 1910 and which was renamed the Northern States Power Co. in 1916. While the bulk of NSP's territory grew across central and southern Minnesota (starting from the Twin Cities), it acquired territory in North Dakota (centering on Fargo, Grand Forks, and Minot) and extended southwest into South Dakota (centering on Sioux Falls). NSP's system also extended east into Wisconsin, but because of utility ownership laws in that state, it was operated as an entity separate from the rest of the company.
Public Service Company of Colorado (PSCo) was formed in 1923 to provide an electric generating station for the Denver area. By 1924, it had acquired most of the electric companies in northern and central Colorado. Originally a subsidiary of Cities Service Company, it became an independent autonomous operation in November 1943. By this time, it served 80 percent of Colorado's gas and electricity needs. As demand for energy continued to grow, so did PSCo. Eventually, the company merged with SPS to form New Century Energies (NCE) in 1995.
Northern States Power and Wisconsin Energy Corporation had planned to merge into a new outfit that was to be called Primergy - but in 1997, the merger fell through because of the time it was taking to gain the required approvals from state and federal agencies. After the failed Primergy merger, NSP (both the Minnesota and Wisconsin companies) merged with New Century Energies to form Xcel Energy. In 2005, Xcel sold Cheyenne Light, Fuel and Power to Black Hills Corporation. Cheyenne Light, Fuel and Power had been a subsidiary of PSCo since the 1920s, and had become an operating company of NCE after the merger with SPS.
In December 2018, Xcel Energy became the first major US utility to pledge to go carbon-free, aiming for 80% carbon reduction by 2030, and 100% reduction by 2050.
Utility industry magazine Utility Dive awarded Xcel Energy its 2018 "Utility of the Year" award for its plans for add 12 wind farms, its project with Google to develop new ways for customers to personalize energy management, and its plan to retire 50 percent of its coal-powered capacity by 2026 (and replacing it with a combination of renewable energy, efficiency, and natural gas).
On May 20, 2019, Xcel Energy announced its intent to close all of its remaining coal-fired plants in Minnesota by 2030 while compensating by increasing solar production capacity by 1,400%. It also declared its plans to continue operating its Monticello nuclear plant near Monticello, Minnesota, until at least 2040.
In February 2026, Xcel Energy requested approval from the Colorado Public Utilities Commission for significant electric and gas rate increases of around 10% and 11% respectively to cover infrastructure investments, drawing protests from some customers who argued the utility’s profits and past investments should reduce the need for higher bills.
Xcel Energy submitted a proposal in March 2026 to change the cost of powering their operations. The "large load tariff" plan sets higher rates for big power users such as large commercial customers and data centers. At the time there were 56 data centers in Colorado, with many more under construction, which will require enormous amounts of energy.
Generation portfolio
Xcel Energy primarily provides energy from wind, natural gas, and coal. Carbon-free energy accounted for 50% of its total electricity generation in 2023, with wind and nuclear as the largest contributors.
It has also lowered its greenhouse gas emissions by reducing coal consumption in favor of natural gas. Xcel plans to continue this trend by converting some coal plants to natural gas and closing others. Some environmental activists argue that Xcel is not acting on plans to stop using coal plants fast enough.
Xcel Energy owns and operates three wind farms. In October 2011, Xcel Energy set a world record for electricity from wind power, with an hourly penetration of 55.6% of production from wind. At peak generation wind is the largest source of energy capacity for Xcel.
Xcel Energy owns and operates two nuclear power plants:
Monticello Nuclear Generating Plant near Monticello, Minnesota
Prairie Island Nuclear Generating Plant near Red Wing, Minnesota
and stores the spent fuel from these nuclear plants on site in independent spent fuel storage installations. (ISFSIs).
Biomass electricity comes from organic fuel sources. Xcel Energy has contracts for about 110 megawatts of electricity from biomass generators. Two in northern Minnesota are fueled by forest harvest residue, such as treetops and limbs. A third facility, brought on line in 2007 in western Minnesota, generates power using turkey litter.
Xcel Energy's Bay Front plant in Ashland, Wisconsin, is a three-unit generating station that has become a model for the creative use of fuels: coal, waste wood, railroad ties, discarded tires, natural gas, and petroleum coke. Two of the three Bay Front operating units already use biomass as their primary fuel. Xcel Energy recently proposed a plan to install biomass gasification technology at Bay Front. The waste-to-energy facilities use waste that would otherwise end up in landfills. The Wisconsin waste-to-energy plant burns wood waste in combination with refuse-derived fuel (RDF).
Transmission and Distribution
Transmission
Electric power transmission refers to the high voltage power lines for long distance transport of electric energy. Xcel Energy owns and operates approximately 111,000 miles of electric transmission lines, along with an extensive distribution network, as of 2025. Xcel has proposed significant plans for updating its transmission system with a budget of $7.4 billion from 2022-2027.
The Colorado Power Pathway, approved by regulators in 2022, gives Xcel $1.7 billion to expand transmission infrastructure in eastern Colorado. One proposal in Colorado involved nearly $3 billion in new investment. Construction is subcontracted to Quanta Infrastructure Services Group. Current timelines have most of the project being completed by 2027.
Another proposal in Colorado involved nearly $3 billion in new investment. This was more than nine times the state budget and in addition to the budget for the Colorado Power Pathway program.
Expanding the transmission infrastructure is important for adding new renewable systems to the grid. However the cost can be significant. Colorado regulators did not approve Xcel's plan to build additional transmission in Baca County which is a large potential wind energy generator. Instead, they sought proposals that involve constructing renewable energy sources connected to the existing grid.
In Minnesota, the budget for a new 465 mile transmission line doubled to $1.14 billion and Xcel cited inflationary pressures. Opponents of Colorado's Power Pathway Program highlighted that cost overruns in transmission construction will be pushed to consumers. The Federal Energy Information Administration stated in 2023 that transmission lines typically cost $1.17 million to $8.62 million per mile.
Under the Power for the Plains Initiative, Xcel Energy built hundreds of miles of transmission lines and substations totaling $3 billion in investment. The lines supply Kiowa NM, Lubbock TX, and connect other towns in the Texas panhandle.
The transmission system is operated on a non-discriminatory basis under the open access requirements of the Federal Government. This means that all wholesale buyers and sellers of electricity can use the transmission system under the same terms and conditions used to serve Xcel Energy's own retail customers.
Grid security
In 2017, Xcel Energy partnered with the Financial Services Information Sharing and Analysis Center to create a new "threat information sharing community" intended to share cyber and physical security intelligence with the energy sector. The new community is called the Energy Analytic Security Exchange (EASE). It is run by the FS-ISAC Sector Services team; FS-ISAC is an organization that gathers cyber and physical risk intelligence for the financial services industry. Additionally, the North American Electric Reliability Council (NERC) manages the Electricity Information Sharing and Analysis Center, which is another resource that the energy sector uses to gather threat intelligence.
Advanced Grid in Colorado
In 2016, Xcel Energy announced the Advanced Grid Intelligence and Security (AGIS) initiative, a long-term effort related to power reliability, distributed generation, and information sharing with customers. Through the initiative, Xcel would build an "intelligent grid" in Colorado in order to improve grid security. The company filed a request for permission with the Colorado Public Utilities Commission for the program, which would cost $500 million.
Programs
Since 1998, Xcel Energy's Windsource program has allowed customers to designate that part or all of their electricity comes from a renewable energy source. In 2015, about 96,000 people were enrolled in Windsource. In 2011, more than 2.3 million electric and 261,800 natural gas customers took part in Xcel Energy's energy efficiency programs for homes and businesses.
Xcel Energy also offers customers incentives to install solar panels. At the end of 2011, more than 10,600 photovoltaic systems had been installed, with a capacity of about 121 megawatts (DC). In early 2011, Xcel Energy suspended the solar rebate program before reaching a settlement a month later with representatives of solar power companies to restore the solar incentive program until it is fully reviewed by the Public Utilities Commission.
Controversies
On August 1, 2002, Xcel Energy Inc. was sued because of engaging in "round-trip" energy trades that provided no economic benefit for the company, and because the company lacked the necessary internal controls to adequately monitor the trading of its power. Xcel paid $80,000,000 in a settlement.
Nuclear waste, radioactive water management
The parent company to Xcel Energy, and later Xcel Energy itself have operated the Prairie Island Nuclear Power Plant since 1973. Over that time, nuclear waste produced by the power plant has been stored adjacent to the Prairie Island Indian Community. The homes of some members of the community are within 600 yards of the nuclear waste containment site. The island is very vulnerable to seasonal flooding because it is on the bank of the Mississippi River. While in 1991, the Minnesota Public Utilities Commission capped the storage of nuclear waste on the island to 17 casks, the legislature has since permitted this number to increase. Environmentalists and members of the Prairie Island Indian Community have been working since 1994 to have this nuclear waste transported away from their reservation due to the combined risk of the temporary design of the storage facility, unpredictable flooding and single evacuation road in the event nuclear waste is released from containment.
On March 16, 2023, Xcel Energy announced that a significant unplanned release of radioactive water from its Monticello nuclear power plant took place on November 21, 2022, which was reported only to state and federal authorities but was concealed from the public until then. Xcel estimated the leak to be 400 thousand gallons of contaminated water containing radioactive tritium. The leak occurred in a water pipe that runs between two buildings.
Fires
The Cabin Creek Fire occurred on October 2, 2007, at Xcel Energy's Hydropower Generation plant in Georgetown, Colorado. On June 1, 2011, Federal prosecutors opened their charges that Xcel Energy was criminally liable for the deaths of the five RPI workers. The jury found Xcel Energy not guilty. On December 19, 2011, RPI Coating plead guilty to workplace safety violations and paid $1.55 million in a cash settlement. The company took responsibility for the deaths of five workers and the injuries to three.
Xcel Energy faces nearly 300 lawsuits filed by homeowners, businesses, and local governments over the Marshall Fire as of early 2024, which started on December 30, 2021 in Boulder County and impacted the communities of Superior and Louisville. Two people died and more than 1,000 homes and commercial properties were destroyed, resulting in more than $2 billion in property damage. It was the most destructive wildfire in Colorado history. The official investigation blamed the fire on a loose wire owned by Xcel and a week-old fire started by members of the Twelve Tribes that was smoldering.
Following the Smokehouse Creek Fire in the Texas Panhandle, which began February 26, 2024, Xcel Energy acknowledged that its facilities played a role in the ignition of the fire. The fire became the largest wildfire in Texas history, burning more than one million acres, resulting in at least two confirmed deaths and significant agricultural and livestock damage. An investigation by the Texas A&M Forest Service found that power lines ignited the fire. In February 2026, a Texas judge ordered Xcel to replace damaged wooden electric distribution poles and inspect at least 35,000 poles per year; the injunction is temporary as the court considers a state lawsuit set to begin trial in April 2027.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | XEL | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E | 20.95Y avg ≈21.1 | ≈21.1 | 22.9 | Fair value | |
| P/S | 3.85Y avg ≈3.4 | ≈3.4 | 2.8 | Overvalued | |
| P/B (MRQ) | 1.95Y avg ≈2.1 | ≈2.1 | 2.1 | Fair value | |
| Price / FCF (TTM) | -6.25Y avg ≈-31.7 | ≈-31.7 | · | · | |
| Price / Cash Flow (TTM) | 9.45Y avg ≈10.5 | ≈10.5 | 7.4 | Overvalued | |
| Price / Tangible Book | 1.95Y avg ≈2.1 | ≈2.1 | · | · | |
| PEG Ratio | ≈5.0 | · | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | XEL | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| ROA | 2.7%5Y avg ≈2.8% | ≈2.8% | 2.6% | In line | |
| ROE | 9.4%5Y avg ≈10.3% | ≈10.3% | 9.9% | Weak | |
| ROIC | 11.7%5Y avg ≈14.0% | ≈14.0% | 6.5% | Top tier |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | XEL | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Debt / Equity (MRQ) | 0.15Y avg ≈0.1 | ≈0.1 | 1.7 | Low debt | |
| Current Ratio (MRQ) | 0.85Y avg ≈0.8 | ≈0.8 | 0.8 | In line | |
| Quick Ratio | 0.25Y avg ≈0.2 | ≈0.2 | 0.3 | Strong liquidity | |
| Interest Coverage | 1.85Y avg ≈2.2 | ≈2.2 | 2.0 | Low liquidity |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | XEL | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| EPS YoY | -0.58%5Y avg ≈4.2% | ≈4.2% | · | · | |
| Net Income YoY | 4.2%5Y avg ≈6.5% | ≈6.5% | · | · | |
| EPS CAGR 3Y | 2.6%5Y avg ≈4.2% | ≈4.2% | · | · | |
| EPS CAGR 5Y | 4.2% | · | · | · | |
| Net Income CAGR 3Y | 5.1%5Y avg ≈6.0% | ≈6.0% | · | · | |
| Net Income CAGR 5Y | 6.5% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Not enough fundamentals data to compute this ratio group yet.
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Sep 15, 2026 | $0.59 | USD | ≈3.2% |
| Jun 15, 2026 | $0.59 | USD | ≈2.9% |
| Mar 13, 2026 | $0.59 | USD | ≈2.8% |
| Dec 29, 2025 | $0.57 | USD | ≈3.1% |
| Sep 15, 2025 | $0.57 | USD | ≈3.1% |
| Jun 13, 2025 | $0.57 | USD | ≈3.3% |
| Mar 14, 2025 | $0.57 | USD | ≈3.2% |
| Jan 6, 2025 | $0.55 | USD | ≈3.4% |
| Sep 13, 2024 | $0.55 | USD | ≈3.4% |
| Jun 14, 2024 | $0.55 | USD | ≈4.0% |
| Mar 14, 2024 | $0.55 | USD | ≈4.1% |
| Dec 27, 2023 | $0.52 | USD | ≈3.4% |
| Sep 14, 2023 | $0.52 | USD | ≈3.5% |
| Jun 14, 2023 | $0.52 | USD | ≈3.2% |
| Mar 14, 2023 | $0.52 | USD | ≈3.0% |
| Dec 28, 2022 | $0.49 | USD | ≈2.8% |
| Sep 14, 2022 | $0.49 | USD | ≈2.6% |
| Jun 14, 2022 | $0.49 | USD | ≈2.9% |
| Mar 14, 2022 | $0.49 | USD | ≈2.7% |
| Dec 21, 2021 | $0.46 | USD | ≈2.8% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Jul 29, 2026 | $0.93 | $0.79 | 17.8% |
| March 31, 2026 | $0.91 | $0.91 | -0.18% | |
| Dec. 31, 2025 | $0.95 | $0.97 | -2.2% | |
| Sept. 30, 2025 | $1.24 | $1.33 | -7.0% | |
| June 30, 2025 | $0.75 | $0.65 | 14.7% | |
| March 31, 2025 | $0.84 | $0.93 | -9.6% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | · | · | · | · | · | · | · | $11.54B | $11.40B | $11.11B | $11.02B | $11.69B | |
| Cost of Revenue | · | · | · | · | · | · | · | $3.85B | $3.76B | $3.72B | · | · | |
| Operating Expenses | $12.09B | $11.05B | $11.72B | $12.88B | $11.23B | $9.41B | $9.43B | $9.57B | $9.18B | $8.87B | $9.02B | $9.74B | |
| Operating Income | $2.58B | $2.39B | $2.48B | $2.43B | $2.20B | $2.12B | $2.10B | $1.97B | $2.22B | $2.24B | $2.00B | $1.95B | |
| Interest Expense | $1.47B | $1.25B | $1.05B | $953M | $842M | $840M | $773M | $700M | $663M | $647M | $595M | $567M | |
| Other Non-op | $235M | $143M | $22M | $-13M | $5M | $-6M | $16M | $-14M | $-10M | $-18M | $6M | $5M | |
| Pretax Income | $1.77B | $1.53B | $1.62B | $1.60B | $1.53B | $1.47B | $1.50B | $1.44B | $1.69B | $1.70B | $1.53B | $1.55B | |
| Income Tax | $-245M | $-402M | $-146M | $-135M | $-70M | $-6M | $128M | $181M | $542M | $581M | $543M | $524M | |
| Net Income | $2.02B | $1.94B | $1.77B | $1.74B | $1.60B | $1.47B | $1.37B | $1.26B | $1.15B | $1.12B | $984M | $1.02B | |
| EPS (Basic) | $3.44 | $3.44 | $3.21 | $3.18 | $2.96 | $2.79 | $2.64 | $2.47 | $2.26 | $2.21 | $1.94 | $2.03 | |
| EPS (Diluted) | $3.42 | $3.44 | $3.21 | $3.17 | $2.96 | $2.79 | $2.64 | $2.47 | $2.25 | $2.21 | $1.94 | $2.03 | |
| Shares (Basic) | 587,000,000 | 563,000,000 | 552,000,000 | 547,000,000 | 539,000,000 | 527,000,000 | 519,000,000 | 511,000,000 | 509,000,000 | 509,000,000 | 508,000,000 | 503,847,000 | |
| Shares (Diluted) | 589,000,000 | 563,000,000 | 552,000,000 | 547,000,000 | 540,000,000 | 528,000,000 | 520,000,000 | 511,000,000 | 509,000,000 | 509,000,000 | 508,200,000 | 504,117,000 | |
| EBITDA | $5.55B | $5.16B | $4.95B | $4.86B | $4.35B | $4.08B | $3.89B | $3.62B | $3.69B | $3.53B | $3.14B | $2.98B |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $274M | $179M | $129M | $111M | $166M | $129M | $248M | $147M | $83M | $85M | $85M | $80M | |
| Receivables | $1.33B | $1.25B | $1.31B | $1.37B | $1.02B | $916M | $837M | $860M | $797M | $776M | $725M | $827M | |
| Inventory | $761M | $666M | $711M | $803M | $631M | $535M | $544M | $548M | $610M | $604M | $609M | $597M | |
| Prepaid Expense | $1.07B | $724M | $294M | $360M | $289M | $250M | $185M | $154M | $183M | $138M | $156M | $171M | |
| Current Assets | $5.01B | $4.33B | $4.07B | $5.14B | $4.24B | $3.27B | $3.11B | $3.09B | $2.97B | $2.84B | $2.77B | $3.36B | |
| PP&E (Net) | $65.64B | $57.20B | $51.64B | $48.25B | $45.46B | $42.95B | $39.48B | $36.94B | $34.33B | $32.84B | $31.21B | $28.76B | |
| PP&E (Gross) | $85.88B | $76.65B | $69.69B | $65.46B | $62.21B | $59.30B | $55.84B | $52.25B | $48.93B | $46.83B | $44.41B | $41.54B | |
| Accum. Depreciation | $20.71B | $19.85B | $18.40B | $17.50B | $17.06B | $16.66B | $16.73B | $15.66B | $15.00B | $14.38B | $13.59B | $13.17B | |
| Other Non-current Assets | $1.04B | $524M | $678M | $389M | $431M | $379M | $492M | $272M | $278M | $248M | $33M | $176M | |
| Total Assets | $81.37B | $70.03B | $64.08B | $61.19B | $57.85B | $53.96B | $50.45B | $45.99B | $43.03B | $41.16B | $38.82B | $36.96B | |
| Accounts Payable | $2.31B | $1.78B | $1.67B | $1.80B | $1.41B | $1.24B | $1.29B | $1.24B | $1.24B | $1.04B | $961M | $1.17B | |
| Short-term Debt | $1.55B | $695M | $785M | $813M | $1.00B | $584M | $595M | $1.04B | $814M | $392M | $846M | $1.02B | |
| Current Liabilities | $7.09B | $6.46B | $5.65B | $6.08B | $5.05B | $4.24B | $4.57B | $4.46B | $4.09B | $3.25B | $4.06B | $4.06B | |
| Capital Leases | $788M | $867M | $1.04B | $1.04B | $1.15B | $1.34B | $1.55B | $0 | · | · | · | · | |
| Deferred Tax | $6.00B | $5.32B | $4.88B | $4.76B | $4.89B | $4.75B | $4.51B | $4.17B | $3.85B | $6.78B | $6.15B | $5.85B | |
| Other Non-current Liabilities | $61M | $69M | $148M | $147M | $158M | $183M | $186M | $206M | $145M | $225M | $262M | $265M | |
| Long-term Debt | $32.33B | $27.32B | $25.46B | $23.96B | $22.38B | $20.07B | $18.11B | $16.21B | · | · | · | · | |
| Total Debt | $1.55B | $695M | $785M | $813M | $1.00B | $584M | $595M | $1.04B | $814M | $642M | $1.30B | $1.02B | |
| Common Stock | $1.56B | $1.44B | $1.39B | $1.37B | $1.36B | $1.34B | $1.31B | $1.28B | $1.27B | $1.27B | $1.27B | $1.26B | |
| Retained Earnings | $9.21B | $8.55B | $7.86B | $7.24B | $6.57B | $5.97B | $5.41B | $4.89B | $4.41B | $3.98B | $3.55B | $3.22B | |
| AOCI | $-63M | $-68M | $-94M | $-93M | $-123M | $-141M | $-141M | $-124M | $-125M | $-110M | $-110M | $-108M | |
| Stockholders' Equity | $23.61B | $19.52B | $17.62B | $16.68B | $15.61B | $14.57B | $13.24B | $12.22B | $11.46B | $11.02B | $10.60B | $10.21B | |
| Liabilities + Equity | $81.37B | $70.03B | $64.08B | $61.19B | $57.85B | $53.96B | $50.45B | $45.99B | $43.03B | $41.16B | $38.82B | $36.96B | |
| Shares Outstanding | 623,600,715 | 574,365,598 | 554,941,703 | 549,578,018 | 544,025,269 | 537,438,394 | 524,539,000 | 514,036,787 | 507,763,000 | 507,223,000 | 507,536,000 | 505,733,000 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $2.97B | $2.77B | $2.47B | $2.44B | $2.14B | $1.96B | $1.78B | $1.66B | $1.50B | $1.32B | $1.14B | $1.04B | |
| Stock-based Comp | $46M | $33M | $25M | $20M | $31M | $73M | $58M | $45M | $57M | $41M | $45M | $32M | |
| Deferred Tax | $414M | $225M | $-59M | $-140M | $-79M | $-8M | $143M | $218M | $640M | $587M | $536M | $569M | |
| Other Non-cash | $-1.36B | $-322M | $1.12B | $-120M | $-1.50B | $-649M | $-95M | $-61M | $-214M | $-18M | $318M | $-11M | |
| Operating Cash Flow | $4.08B | $4.64B | $5.33B | $3.93B | $2.19B | $2.85B | $3.26B | $3.12B | $3.13B | $3.05B | $3.04B | $2.66B | |
| CapEx | $10.91B | $7.36B | $5.85B | $4.64B | $4.24B | $5.37B | $4.22B | $3.96B | $3.24B | $3.19B | $3.68B | $3.20B | |
| Investing Cash Flow | $-10.97B | $-7.43B | $-5.93B | $-4.65B | $-4.29B | $-4.74B | $-4.34B | $-3.99B | $-3.30B | $-3.26B | $-3.62B | $-3.12B | |
| Debt Issued | $5.76B | $3.65B | $2.63B | $2.16B | $2.71B | $2.94B | $2.92B | $1.68B | $1.52B | $2.42B | $1.63B | $838M | |
| Net Debt Issued | $4.05B | $2.99B | $1.48B | $1.56B | $2.29B | $1.94B | $1.97B | $1.22B | $488M | $1.39B | $1.38B | $562M | |
| Stock Issued | $3.35B | $1.12B | $270M | $322M | $366M | $727M | $458M | $230M | $0 | $0 | $7M | $181M | |
| Stock Repurchased | · | · | · | · | · | · | · | $1M | $3M | $32M | $0 | $0 | |
| Net Stock Activity | $3.35B | $1.12B | $270M | $322M | $366M | $727M | $458M | $229M | $-3M | $-32M | $7M | $181M | |
| Dividends Paid | $1.28B | $1.18B | $1.09B | $1.01B | $935M | $856M | $791M | $730M | $721M | $681M | $607M | $561M | |
| Financing Cash Flow | $6.98B | $2.84B | $617M | $666M | $2.13B | $1.77B | $1.18B | $928M | $168M | $209M | $590M | $430M | |
| Net Change in Cash | $95M | $50M | $18M | $-55M | $37M | $-119M | $101M | $64M | $-2M | $0 | $5M | $-28M | |
| Taxes Paid | $641M | $588M | $92M | $15M | $4M | $-12M | $-53M | $-27M | $-44M | $-62M | $-58M | $5M | |
| Free Cash Flow | $-6.83B | $-2.72B | $-527M | $-706M | $-2.06B | $-2.52B | $-962M | $-835M | $-193M | $-203M | $-658M | $-552M | |
| Levered FCF | $-8.50B | $-4.31B | $-1.68B | $-1.74B | $-2.94B | $-3.36B | $-1.67B | $-1.45B | $-643M | $-630M | $-1.04B | $-926M |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | · | · | · | · | · | · | · | 17.0% | 19.2% | 19.9% | 18.1% | 16.7% | |
| Net Margin | · | · | · | · | · | · | · | 10.9% | 10.1% | 10.1% | 8.9% | 8.7% | |
| Pretax Margin | · | · | · | · | · | · | · | 12.5% | 14.8% | 15.3% | 13.9% | 13.2% | |
| EBITDA Margin | · | · | · | · | · | · | · | 31.4% | 32.3% | 31.8% | 28.5% | 25.5% | |
| ROA | 2.7% | 2.9% | 2.8% | 2.9% | 2.9% | 2.8% | 2.9% | 2.8% | 2.7% | 2.8% | 2.6% | 2.9% | |
| ROE | 9.4% | 10.4% | 10.3% | 10.8% | 10.6% | 10.6% | 10.8% | 10.7% | 10.2% | 10.4% | 9.5% | 10.3% | |
| ROIC | 11.7% | 14.9% | 14.7% | 15.0% | 13.9% | 14.0% | 13.9% | 13.0% | 12.1% | 12.5% | 10.8% | 11.5% |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.7 | 0.7 | 0.7 | 0.8 | 0.8 | 0.8 | 0.7 | 0.7 | 0.7 | 0.9 | 0.7 | 0.8 | |
| Quick Ratio | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 | 0.2 | 0.2 | |
| Debt / Equity | 0.1 | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | |
| Interest Coverage | 1.8 | 1.9 | 2.4 | 2.5 | 2.6 | 2.5 | 2.7 | 2.8 | 3.3 | 3.4 | 3.4 | 3.4 |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | · | · | · | · | · | · | · | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | |
| Receivables Turnover | · | · | · | · | · | · | · | 13.9 | 14.5 | 14.8 | 14.2 | 14.9 |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $37.86 | $33.99 | $31.74 | $30.34 | $28.70 | $27.12 | $25.24 | $23.78 | $22.56 | $21.73 | $20.89 | $20.20 | |
| Revenue / Share | · | · | · | · | · | · | · | $22.58 | $22.40 | $21.80 | $21.69 | $23.18 | |
| Cash Flow / Share | $6.93 | $8.24 | $9.65 | $7.19 | $4.05 | $5.39 | $6.28 | $6.11 | $6.14 | $5.99 | $5.95 | $5.25 | |
| Cash / Share | · | · | · | · | · | $0.24 | $0.47 | $0.29 | $0.16 | $0.17 | $0.17 | $0.16 | |
| Dividend / Share | $2.28 | $2.19 | $2.08 | $1.95 | $1.83 | $1.72 | $1.62 | $1.52 | $1.44 | $1.36 | $1.28 | $1.20 | |
| EPS (TTM) | $3.42 | $3.44 | $3.21 | $3.17 | $2.96 | $2.79 | $2.64 | $2.47 | $2.25 | $2.21 | $1.94 | $2.03 |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EPS YoY | -0.58% | 7.2% | 1.3% | 7.1% | 6.1% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | 2.6% | 5.1% | 4.8% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 4.2% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 4.2% | 9.3% | 2.0% | 8.7% | 8.4% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 5.1% | 6.6% | 6.3% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 6.5% | · | · | · | · | · | · | · | · | · | · | · | |
| Dividends Paid CAGR 5Y | 8.4% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $11.61B | $11.61B | $11.61B | $11.61B | $11.61B | $11.61B | $11.61B | $11.54B | $11.40B | $11.11B | $11.02B | $11.69B | |
| Net Income TTM | $2.02B | $1.94B | $1.77B | $1.74B | $1.60B | $1.47B | $1.37B | $1.26B | $1.15B | $1.12B | $984M | $1.02B | |
| Market Cap | $46.06B | $38.78B | $34.36B | $38.53B | $36.83B | $35.83B | $33.30B | $25.33B | $24.43B | $20.64B | $18.23B | $18.17B | |
| Enterprise Value | · | · | · | · | · | $36.29B | $33.65B | $26.22B | $25.16B | $21.20B | $19.44B | $19.11B | |
| P/E | 21.6 | 19.6 | 19.3 | 22.1 | 22.9 | 23.9 | 24.0 | 19.9 | 21.4 | 18.4 | 18.5 | 17.7 | |
| P/S | 4.0 | 3.3 | 3.0 | 3.3 | 3.2 | 3.1 | 2.9 | 2.2 | 2.1 | 1.9 | 1.7 | 1.6 | |
| P/B | 2.0 | 2.0 | 2.0 | 2.3 | 2.4 | 2.5 | 2.5 | 2.1 | 2.1 | 1.9 | 1.7 | 1.8 | |
| P / Tangible Book | 2.0 | 2.0 | 2.0 | 2.3 | 2.4 | 2.5 | · | · | · | · | · | · | |
| P / Cash Flow | 11.3 | 8.4 | 6.4 | 9.8 | 16.8 | 12.6 | 10.2 | 8.1 | 7.8 | 6.8 | 6.0 | 6.9 | |
| P / FCF | -6.7 | -14.2 | -65.2 | -54.6 | -17.9 | -14.2 | -34.6 | -30.3 | -126.6 | -101.6 | -27.7 | -32.9 | |
| EV / EBITDA | · | · | · | · | · | 8.9 | 8.7 | 7.2 | 6.8 | 6.0 | 6.2 | 6.4 | |
| EV / FCF | · | · | · | · | · | -14.4 | -35.0 | -31.4 | -130.4 | -104.3 | -29.6 | -34.6 | |
| EV / Revenue | · | · | · | · | · | 3.1 | 2.9 | 2.3 | 2.2 | 1.9 | 1.8 | 1.6 | |
| Dividend Yield | 2.8% | 3.0% | 3.2% | 2.6% | 2.5% | 2.4% | 2.4% | 2.9% | 2.9% | 3.3% | 3.3% | 3.1% | |
| Earnings Yield | 4.6% | 5.1% | 5.2% | 4.5% | 4.4% | 4.2% | 4.2% | 5.0% | 4.7% | 5.4% | 5.4% | 5.7% | |
| Payout Ratio | 63.5% | 60.7% | 61.7% | 58.3% | 58.6% | 58.1% | 57.6% | 57.9% | 62.8% | 60.6% | 61.6% | 55.0% | |
| Annual Payout | $1.28B | $1.18B | $1.09B | $1.01B | $935M | $856M | $791M | $730M | $721M | $681M | $607M | $561M |
Income Statement
| Metric | Trend | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Expenses | $3.27B | $2.98B | $3.17B | $2.71B | $3.23B | $2.77B | $2.73B | $2.58B | $2.97B | $2.87B | $2.75B | $2.60B | $3.51B | $3.53B | $3.16B | $2.96B | |
| Operating Income | $754M | $580M | $749M | $577M | $677M | $347M | $911M | $449M | $679M | $575M | $915M | $418M | $573M | $525M | $924M | $469M | |
| Interest Expense | $412M | $403M | $384M | $349M | $332M | $319M | $326M | $319M | $291M | $265M | $269M | $268M | $253M | $248M | $244M | $247M | |
| Other Non-op | $22M | $114M | $46M | $68M | $7M | $68M | $39M | $22M | $14M | $3M | $3M | $11M | $5M | $7M | $-15M | $-6M | |
| Pretax Income | $509M | $435M | $532M | $384M | $422M | $167M | $692M | $214M | $461M | $364M | $696M | $200M | $365M | $324M | $693M | $254M | |
| Income Tax | $-47M | $-132M | $8M | $-60M | $-61M | $-297M | $10M | $-88M | $-27M | $-45M | $40M | $-88M | $-53M | $-55M | $44M | $-74M | |
| Net Income | $556M | $567M | $524M | $444M | $483M | $464M | $682M | $302M | $488M | $409M | $656M | $288M | $418M | $379M | $649M | $328M | |
| EPS (Basic) | $0.89 | $0.96 | $0.88 | $0.76 | $0.84 | $0.81 | $1.21 | $0.54 | $0.88 | $0.74 | $1.19 | $0.52 | $0.76 | $0.69 | $1.19 | $0.60 | |
| EPS (Diluted) | $0.89 | $0.95 | $0.88 | $0.75 | $0.84 | $0.81 | $1.21 | $0.54 | $0.88 | $0.74 | $1.19 | $0.52 | $0.76 | $0.69 | $1.18 | $0.60 | |
| Shares (Basic) | 624,000,000 | · | 592,000,000 | 586,000,000 | 575,000,000 | · | 564,000,000 | 557,000,000 | 556,000,000 | · | 552,000,000 | 551,000,000 | 551,000,000 | · | 548,000,000 | 546,000,000 | |
| Shares (Diluted) | 626,000,000 | · | 595,000,000 | 588,000,000 | 577,000,000 | · | 565,000,000 | 557,000,000 | 556,000,000 | · | 552,000,000 | 552,000,000 | 551,000,000 | · | 548,000,000 | 546,000,000 | |
| EBITDA | $1.52B | · | $749M | $577M | $1.41B | · | $911M | $449M | $1.34B | · | $915M | $418M | $1.20B | · | $924M | $469M |
Balance Sheet
| Metric | Trend | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.76B | · | $1.05B | $1.45B | $1.12B | · | $1.54B | $1.60B | $501M | · | $594M | $275M | $114M | · | $117M | $335M | |
| Receivables | $1.35B | $1.33B | $1.25B | $1.13B | $1.29B | $1.25B | $1.19B | $1.14B | $1.22B | · | $1.22B | $1.11B | $1.30B | · | $1.20B | $1.08B | |
| Inventory | $709M | · | $723M | $668M | $625M | · | $638M | $622M | $623M | · | $688M | $625M | $580M | · | $870M | $645M | |
| Prepaid Expense | $701M | $1.07B | $1.14B | $652M | $749M | $724M | $504M | $541M | $548M | · | $257M | $322M | $359M | · | $329M | $316M | |
| Current Assets | $5.88B | $5.01B | $5.68B | $5.67B | $5.37B | $4.33B | $5.47B | $5.70B | $4.49B | · | $4.40B | $4.20B | $4.25B | · | $5.09B | $4.84B | |
| PP&E (Net) | $67.81B | $65.64B | $63.13B | $60.75B | $58.81B | $57.20B | $55.32B | $53.89B | $52.77B | · | $50.61B | $49.66B | $48.90B | · | $47.29B | $46.53B | |
| PP&E (Gross) | · | $85.88B | · | · | · | $76.65B | · | $72.79B | $71.17B | · | $68.67B | $67.36B | $66.24B | · | $64.69B | $63.61B | |
| Accum. Depreciation | · | $20.71B | · | · | · | $19.85B | · | $19.30B | $18.77B | · | $18.36B | $18.03B | $17.69B | · | $17.64B | $17.34B | |
| Other Non-current Assets | $1.42B | $1.04B | $871M | $801M | $730M | $524M | $596M | $567M | $562M | · | $519M | $482M | $475M | · | $420M | $439M | |
| Total Assets | $84.83B | $81.37B | $79.15B | $75.34B | $72.75B | $70.03B | $69.29B | $67.93B | $65.58B | · | $62.87B | $61.66B | $60.95B | · | $59.98B | $59.32B | |
| Accounts Payable | $2.26B | $2.31B | $2.33B | $2.10B | $1.94B | $1.78B | $1.71B | $1.55B | $1.46B | · | $1.45B | $1.31B | $1.34B | · | $1.59B | $1.59B | |
| Short-term Debt | $1.48B | $1.55B | $1.33B | $820M | $719M | $695M | $95M | $802M | $463M | · | $0 | $544M | $1.08B | · | $158M | $136M | |
| Current Liabilities | $7.64B | $7.09B | $7.15B | $5.89B | $6.74B | $6.46B | $5.86B | $5.90B | $5.21B | · | $5.07B | $5.23B | $5.66B | · | $4.90B | $4.87B | |
| Capital Leases | $761M | $788M | $771M | $945M | $889M | $867M | $908M | $961M | $980M | · | $930M | $966M | $1.02B | · | $997M | $1.05B | |
| Deferred Tax | $5.92B | $6.00B | $5.93B | $5.74B | $5.37B | $5.32B | $5.48B | $5.28B | $5.11B | · | $4.70B | $4.66B | $4.73B | · | $4.76B | $4.71B | |
| Other Non-current Liabilities | $60M | $61M | $65M | $128M | $132M | $69M | $93M | $95M | $134M | · | $149M | $156M | $148M | · | $151M | $138M | |
| Long-term Debt | $35.55B | $31.83B | $32.03B | $31.35B | $30.50B | $27.32B | $28.57B | $28.57B | $26.95B | · | $25.96B | $25.07B | $23.72B | · | $23.96B | $23.86B | |
| Total Debt | $1.48B | · | $1.33B | $820M | $719M | · | $95M | $802M | $463M | · | $0 | $544M | $1.08B | · | $158M | $136M | |
| Common Stock | $1.56B | $1.56B | $1.48B | $1.48B | $1.44B | $1.44B | $1.44B | $1.39B | $1.39B | · | $1.38B | $1.38B | $1.38B | · | $1.37B | $1.37B | |
| Retained Earnings | $9.39B | $9.21B | $8.99B | $8.81B | $8.71B | $8.55B | $8.41B | $8.04B | $8.04B | · | $7.74B | $7.37B | $7.37B | · | $7.13B | $6.75B | |
| AOCI | $-59M | $-63M | $-65M | $-66M | $-72M | $-68M | $-66M | $-67M | $-71M | · | $-78M | $-82M | $-97M | · | $-91M | $-103M | |
| Stockholders' Equity | $23.81B | $23.61B | $21.18B | $20.96B | $19.80B | $19.52B | $19.35B | $17.95B | $17.84B | · | $17.31B | $16.91B | $16.82B | · | $16.38B | $15.97B | |
| Liabilities + Equity | $84.83B | $81.37B | $79.15B | $75.34B | $72.75B | $70.03B | $69.29B | $67.93B | $65.58B | · | $62.87B | $61.66B | $60.95B | · | $59.98B | $59.32B | |
| Shares Outstanding | 624,162,780 | 623,600,715 | 591,432,101 | 591,201,845 | 576,547,051 | 574,365,598 | 574,101,713 | 557,337,051 | 555,470,302 | 554,941,703 | 551,662,803 | 551,375,255 | 550,222,192 | 549,578,018 | 547,006,076 | 546,807,793 |
Cash Flow
| Metric | Trend | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $767M | $752M | $755M | $727M | $734M | $714M | $685M | $706M | $664M | $647M | $622M | $571M | $631M | $615M | $611M | $643M | |
| Stock-based Comp | $11M | $8M | $17M | $12M | $9M | $6M | $10M | $11M | $6M | $8M | $5M | $3M | $9M | $1M | $5M | $10M | |
| Deferred Tax | $-5M | $19M | $113M | $269M | $13M | $-181M | $121M | $131M | $154M | $114M | $19M | $-119M | $-73M | $-55M | $50M | $-80M | |
| Other Non-cash | $368M | · | · | · | $-211M | · | · | · | $-262M | · | · | · | $552M | · | · | · | |
| Operating Cash Flow | $1.70B | $209M | $1.76B | $1.08B | $1.03B | $664M | $1.74B | $1.19B | $1.05B | $974M | $1.90B | $918M | $1.54B | $765M | $1.18B | $848M | |
| CapEx | $3.02B | $3.44B | $3.06B | $2.43B | $1.99B | $2.22B | $1.78B | $1.83B | $1.54B | $1.61B | $1.64B | $1.33B | $1.26B | $1.31B | $1.28B | $1.10B | |
| Investing Cash Flow | $-3.02B | $-3.48B | $-3.06B | $-2.44B | $-1.99B | $-2.23B | $-1.79B | $-1.85B | $-1.56B | $-1.63B | $-1.65B | $-1.35B | $-1.28B | $-1.33B | $-1.27B | $-1.10B | |
| Debt Issued | $3.26B | $880M | $990M | $1.82B | $2.08B | $4M | $-1M | $2.17B | $1.48B | $-1M | $890M | $1.74B | $0 | $0 | $98M | $2.07B | |
| Net Debt Issued | $3.26B | · | · | · | $2.08B | · | · | · | $1.48B | · | · | · | $-250M | · | · | · | |
| Stock Issued | $1M | $2.20B | $8M | $1.02B | $122M | $8M | $1.01B | $93M | $8M | $187M | $8M | $69M | $6M | $166M | $5M | $150M | |
| Net Stock Activity | $1M | · | · | · | $122M | · | · | · | $8M | · | · | · | $6M | · | · | · | |
| Dividends Paid | $347M | $328M | $329M | $319M | $306M | $304M | $296M | $295M | $280M | $278M | $278M | $277M | $259M | $258M | $257M | $257M | |
| Financing Cash Flow | $2.81B | $2.49B | $895M | $1.69B | $1.91B | $201M | $4M | $1.75B | $878M | $195M | $74M | $598M | $-250M | $561M | $-131M | $500M | |
| Net Change in Cash | $1.49B | $-778M | $-402M | $331M | $944M | $-1.37B | $-53M | $1.10B | $372M | $-465M | $319M | $161M | $3M | $-6M | $-218M | $245M | |
| Taxes Paid | · | $130M | $103M | $344M | $64M | $104M | $133M | $220M | $131M | $160M | $-19M | $-48M | $-1M | $31M | $-7M | $-9M | |
| Free Cash Flow | $-1.32B | · | · | · | $-960M | · | · | · | $-487M | · | · | · | $272M | · | · | · | |
| Levered FCF | $-1.78B | · | · | · | $-1.34B | · | · | · | $-795M | · | · | · | $-18M | · | · | · |
Profitability
| Metric | Trend | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROA | 0.71% | · | 0.71% | 0.62% | 0.70% | · | 1.0% | 0.47% | 0.77% | · | 1.1% | 0.48% | 0.70% | · | 1.1% | 0.57% | |
| ROE | 2.5% | · | 2.6% | 2.3% | 2.6% | · | 3.7% | 1.7% | 2.8% | · | 3.9% | 1.8% | 2.6% | · | 4.1% | 2.1% | |
| ROIC | 3.3% | · | 3.3% | 3.1% | 3.8% | · | 4.6% | 3.4% | 3.9% | · | 5.0% | 3.5% | 3.7% | · | 5.2% | 3.8% |
Liquidity & Solvency
| Metric | Trend | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.8 | · | 0.8 | 1.0 | 0.8 | · | 0.9 | 1.0 | 0.9 | · | 0.9 | 0.8 | 0.8 | · | 1.0 | 1.0 | |
| Quick Ratio | 0.4 | · | 0.3 | 0.4 | 0.4 | · | 0.5 | 0.5 | 0.3 | · | 0.4 | 0.3 | 0.2 | · | 0.3 | 0.3 | |
| Debt / Equity | 0.1 | · | 0.1 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.1 | · | 0.0 | 0.0 | |
| Interest Coverage | 1.8 | · | 2.0 | 1.7 | 2.0 | · | 2.8 | 1.4 | 2.3 | · | 3.4 | 1.6 | 2.3 | · | 3.8 | 1.9 |
Per Share
| Metric | Trend | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $38.14 | · | $35.81 | $35.45 | $34.35 | · | $33.71 | $32.21 | $32.12 | · | $31.38 | $30.68 | $30.57 | · | $29.95 | $29.21 | |
| Cash Flow / Share | $2.71 | · | · | · | $1.78 | · | · | · | $1.89 | · | · | · | $2.79 | · | · | · | |
| Cash / Share | $2.82 | · | $1.78 | $2.46 | $1.95 | · | $2.69 | $2.87 | $0.90 | · | $1.08 | $0.50 | $0.21 | · | $0.21 | $0.61 | |
| Dividend / Share | $0.59 | $0.57 | $0.57 | $0.57 | $0.57 | $0.54 | $0.55 | $0.55 | $0.55 | $0.52 | $0.52 | $0.52 | $0.52 | $0.49 | $0.49 | $0.49 | |
| EPS (TTM) | $3.47 | · | $3.28 | · | $3.40 | · | $3.37 | $3.35 | $3.33 | · | $3.16 | $3.15 | $3.23 | · | $3.06 | $3.01 |
Valuation (TTM)
| Metric | Trend | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $11.61B | · | $11.61B | · | $11.61B | · | $11.61B | $11.61B | $11.61B | · | $11.61B | $11.61B | $11.61B | · | $11.61B | $11.61B | |
| Net Income TTM | $2.09B | · | $1.92B | · | $1.93B | · | $1.88B | $1.85B | $1.84B | · | $1.74B | $1.73B | $1.77B | · | $1.67B | $1.63B | |
| Market Cap | $49.58B | · | $47.70B | $40.26B | $40.81B | · | $37.49B | $29.77B | $29.86B | · | $31.57B | $34.28B | $37.11B | · | $35.01B | $38.69B | |
| Enterprise Value | $49.30B | · | $47.98B | $39.63B | $40.41B | · | $36.04B | $28.97B | $29.82B | · | $30.97B | $34.55B | $38.07B | · | $35.05B | $38.49B | |
| P/E | 22.9 | · | 24.6 | · | 20.8 | · | 19.4 | 15.9 | 16.1 | · | 18.1 | 19.7 | 20.9 | · | 20.9 | 23.5 | |
| P/S | 4.3 | · | 4.1 | · | 3.5 | · | 3.2 | 2.6 | 2.6 | · | 2.7 | 3.0 | 3.2 | · | 3.0 | 3.3 | |
| P/B | 2.1 | · | 2.3 | 1.9 | 2.1 | · | 1.9 | 1.7 | 1.7 | · | 1.8 | 2.0 | 2.2 | · | 2.1 | 2.4 | |
| P / Tangible Book | 2.1 | · | 2.3 | 1.9 | 2.1 | · | 1.9 | 1.7 | 1.7 | · | 1.8 | 2.0 | 2.2 | · | 2.1 | 2.4 | |
| P / Cash Flow | 29.2 | · | · | · | 39.7 | · | · | · | 28.4 | · | · | · | 24.1 | · | · | · | |
| EV / Revenue | 4.2 | · | 4.1 | · | 3.5 | · | 3.1 | 2.5 | 2.6 | · | 2.7 | 3.0 | 3.3 | · | 3.0 | 3.3 | |
| Dividend Yield | 2.7% | · | 2.6% | · | 2.9% | · | 3.1% | 3.8% | 3.7% | · | 3.4% | 3.1% | 2.8% | · | 2.8% | 2.5% | |
| Earnings Yield | 4.4% | · | 4.1% | · | 4.8% | · | 5.2% | 6.3% | 6.2% | · | 5.5% | 5.1% | 4.8% | · | 4.8% | 4.2% | |
| Payout Ratio | 62.4% | · | · | · | 63.3% | · | · | · | 57.4% | · | · | · | 62.0% | · | · | · | |
| Annual Payout | $1.32B | · | $1.26B | · | $1.20B | · | $1.15B | $1.13B | $1.11B | · | $1.07B | $1.05B | $1.03B | · | $991M | $972M |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Net Income | $2.02B | $1.94B | $1.77B | $1.74B | $1.60B |
| Diluted EPS | $3.42 | $3.44 | $3.21 | $3.17 | $2.96 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Debt / Equity | 0.1 | 0.0 | 0.0 | 0.0 | 0.1 |
| Current Ratio | 0.7 | 0.7 | 0.7 | 0.8 | 0.8 |
| Quick Ratio | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $-6.83B | $-2.72B | $-527M | $-706M | $-2.06B |
Institutional owners (13F) 1,381 filers · $53.3B total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 111 (-41 vs prior Q) | 72 (-12 vs prior Q) | 544 (+75 vs prior Q) | 392 (-50 vs prior Q) | +36.0M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD GROUP INC | $5,732,334,057 | 77,610,805 | 10.76% | Shares |
| BlackRock, Inc. | $4,890,136,163 | 60,898,333 | 9.18% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $3,273,808,195 | 40,769,716 | 6.14% | Shares |
| STATE STREET CORP | $3,145,175,931 | 38,896,012 | 5.90% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $2,859,562,658 | 35,610,992 | 5.37% | Shares |
| BANK OF AMERICA CORP /DE/ | $2,403,679,957 | 29,933,748 | 4.51% | Shares |
| Capital Research Global Investors | $2,352,947,790 | 29,301,965 | 4.42% | Shares |
| JPMORGAN CHASE & CO | $1,782,381,553 | 21,741,661 | 3.34% | Shares |
| Invesco Ltd. | $1,716,909,805 | 21,381,193 | 3.22% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $1,443,517,460 | 18,042,089 | 2.71% | Shares |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $1,317,383,562 | 16,269,553 | 2.47% | Shares |
| FMR LLC | $895,553,564 | 11,152,597 | 1.68% | Shares |
| GQG Partners LLC | $891,688,246 | 11,104,441 | 1.67% | Shares |
| GOLDMAN SACHS GROUP INC | $883,136,517 | 10,997,965 | 1.66% | Shares |
| Aristotle Capital Management, LLC | $839,862,767 | 10,459,005 | 1.58% | Shares |
| Pictet Asset Management Holding SA | $725,805,671 | 9,038,572 | 1.36% | Shares |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC | $708,086,444 | 8,818,013 | 1.33% | Shares |
| MORGAN STANLEY | $633,944,020 | 7,894,693 | 1.19% | Shares |
| FRANKLIN RESOURCES INC | $631,929,277 | 7,869,605 | 1.19% | Shares |
| Legal & General Group Plc | $503,543,398 | 6,270,777 | 0.94% | Shares |
| GOLDMAN SACHS GROUP INC | $455,750,680 | 5,675,600 | 0.86% | Put option |
| DEUTSCHE BANK AG\ | $433,927,389 | 5,403,828 | 0.81% | Shares |
| NORTHERN TRUST CORP | $420,934,448 | 5,242,023 | 0.79% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $335,254,990 | 4,175,031 | 0.63% | Shares |
| ROYAL BANK OF CANADA | $296,115,000 | 3,687,605 | 0.56% | Shares |
| Newport Trust Company, LLC | $290,078,531 | 3,612,435 | 0.54% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $281,482,496 | 3,505,386 | 0.53% | Shares |
| Bank of New York Mellon Corp | $280,186,946 | 3,489,252 | 0.53% | Shares |
| BANK OF MONTREAL /CAN/ | $272,654,657 | 3,395,450 | 0.51% | Shares |
| REAVES W H & CO INC | $269,685,302 | 3,358,472 | 0.51% | Shares |
| Boston Partners | $245,945,926 | 3,062,841 | 0.46% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $242,393,901 | 3,018,604 | 0.45% | Shares |
| AMERICAN CENTURY COMPANIES INC | $234,009,165 | 2,914,185 | 0.44% | Shares |
| Nuveen, LLC | $233,891,830 | 2,912,726 | 0.44% | Shares |
| Magellan Asset Management Ltd | $226,328,280 | 2,818,534 | 0.42% | Shares |
| Mitsubishi UFJ Trust & Banking Corp | $220,636,376 | 2,747,651 | 0.41% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $216,304,872 | 2,722,871 | 0.41% | Shares |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC | $216,246,535 | 2,692,983 | 0.41% | Shares |
| UBS Group AG | $215,132,468 | 2,679,109 | 0.40% | Shares |
| Electron Capital Partners, LLC | $202,530,572 | 2,522,174 | 0.38% | Shares |
| FEDERATED HERMES, INC. | $197,384,225 | 2,458,085 | 0.37% | Shares |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO | $194,324,154 | 2,419,977 | 0.36% | Shares |
| Russell Investments Group, Ltd. | $190,678,903 | 2,373,871 | 0.36% | Shares |
| Zimmer Partners, LP | $186,585,883 | 2,323,610 | 0.35% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $170,764,327 | 2,126,199 | 0.32% | Shares |
| TORONTO DOMINION BANK | $170,302,241 | 2,120,825 | 0.32% | Shares |
| NORDEA INVESTMENT MANAGEMENT AB | $168,601,054 | 2,077,391 | 0.32% | Shares |
| AMERIPRISE FINANCIAL INC | $160,700,083 | 2,000,918 | 0.30% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $149,601,722 | 1,863,034 | 0.28% | Shares |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | $149,305,163 | 1,859,342 | 0.28% | Shares |
Company insiders 81 insiders · 43 officers · 39 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Robert Frenzel | Chairman, President and CEO | March 2, 2026 A | 512,597 | 0 | 0 | $0 |
| Clyde Riley Hill | President and CEO, SPS | Feb. 20, 2013 F | 11,243 | 0 | 0 | $0 |
| Michael L Swenson | President and CEO, NSPW | Feb. 23, 2011 F | 61,465 | 0 | 0 | $0 |
| KELLY RICHARD C | Chairman and CEO | Feb. 23, 2011 F | 552,517 | 0 | 0 | $0 |
| Tim E Taylor | President and CEO, PSCO | Feb. 20, 2008 F | 39,273 | 0 | 0 | $0 |
| Cynthia L Lesher | President & CEO, NSP | Feb. 20, 2008 F | 135,593 | 0 | 0 | $0 |
| Brian J Van Abel | EVP, Chief Financial Officer | March 2, 2026 A | 110,697 | 0 | 0 | $0 |
| MADDEN TERESA S | EVP and CFO | Feb. 16, 2016 F | 104,148 | 0 | 0 | $0 |
| David T Hudson | President, SPS | May 17, 2021 S | 3,956 | 0 | 0 | $0 |
| Christopher B Clark | President, NSPM | May 4, 2021 S | 18,975 | 0 | 0 | $0 |
| Alice K Jackson | President, PSCo | Feb. 17, 2021 A | 9,038 | 0 | 0 | $0 |
| Mark E Stoering | President, NSPW | Feb. 16, 2021 M | 55,608 | 0 | 0 | $0 |
| Amanda J Rome | EVP, Group President, Utilitie | March 20, 2026 W | 55,819 | 0 | 1 | $-1,335,168 |
| Ryan J. Long | EVP, Chief Legal and | March 4, 2026 S | 19,761 | 0 | 1 | $-66,328 |
| Michael G. Lamb | EVP, Chief Delivery Officer | March 2, 2026 A | 16,654 | 0 | 0 | $0 |
| Scott Sharp | EVP, Chief Generation Officer | March 2, 2026 A | 30,274 | 0 | 0 | $0 |
| Melissa Ostrom | SVP, Controller | March 2, 2026 A | 12,330 | 0 | 0 | $0 |
| Patricia Correa | SVP, Chief Human Resources Off | March 2, 2026 A | 25,081 | 0 | 0 | $0 |
| Timothy John O'Connor | EVP, Chief Operations Officer | Feb. 25, 2025 M | 20,857 | 0 | 0 | $0 |
| Robert Berntsen | EVP, Chief Legal | Jan. 2, 2025 A | 6,283 | 0 | 0 | $0 |
| Frank P Prager | SVP, Strategy and External Aff | Aug. 16, 2024 S | 28,705 | 0 | 0 | $0 |
| Brett C Carter | EVP, Group President Utilitie | May 1, 2023 S | 8,146 | 0 | 0 | $0 |
| Jeffrey S Savage | SVP and Controller | Feb. 22, 2022 M | 25,679 | 0 | 0 | $0 |
| Darla Figoli | EVP, Chief Human Resources Off | Jan. 3, 2022 A | 48,689 | 0 | 0 | $0 |
| Benjamin G S Fowke III | Executive Chairman | Dec. 13, 2021 S | 150,555 | 0 | 0 | $0 |
| Kent T Larson | EVP, Group Pres, Operations | March 5, 2020 S | 50,797 | 0 | 0 | $0 |
| David L Eves | EVP and Group President Utilit | March 5, 2020 S | 37,066 | 0 | 0 | $0 |
| Scott M Wilensky | EVP and General Counsel | March 3, 2020 S | 76,057 | 0 | 0 | $0 |
| Judy M. Poferl | SVP, Corp Secretary, Exec Svcs | Feb. 25, 2020 I | 7,682 | 0 | 0 | $0 |
| Marvin E. Mcdaniel Jr. | EVP & CAO | March 1, 2018 F | 102,714 | 0 | 0 | $0 |
| George E Tyson II | SVP and Treasurer | Feb. 17, 2015 F | 63,586 | 0 | 0 | $0 |
| Robert R Palmer | Sr. VP, Pub Policy, Ext Affair | March 3, 2014 F | 19,133 | 0 | 0 | $0 |
| David M Sparby | Senior VP and Group President | March 3, 2014 F | 119,543 | 0 | 0 | $0 |
| HART CATHY J | VP & Corporate Secretary | March 1, 2013 F | 76,206 | 0 | 0 | $0 |
| Dennis L Koehl | Senior VP & CNO | Sept. 17, 2012 A | 27,550 | 0 | 0 | $0 |
| Michael C Connelly | SVP, Strategy and Planning | March 1, 2012 F | 114,409 | 0 | 0 | $0 |
| Raymond E Gogel | VP, Xcel Energy Services Inc. | March 3, 2008 F | 60,771 | 0 | 0 | $0 |
| WILKS DAVID M | VP, Xcel Energy Services Inc. | March 3, 2008 F | 132,771 | 0 | 0 | $0 |
| BONAVIA PAUL J | VP, Xcel Energy Services Inc. | March 3, 2008 F | 147,731 | 0 | 0 | $0 |
| VINCENT PATRICIA K | VP, Xcel Energy Services Inc. | June 5, 2007 M | 83,659 | 0 | 0 | $0 |
| Gary Ronald Johnson | VP and General Counsel | Feb. 21, 2007 F | 92,025 | 0 | 0 | $0 |
| BRUNETTI WAYNE H | Chairman | Dec. 15, 2005 A | 295,356 | 0 | 0 | $0 |
| Gary Robert Johnson | VP and General Counsel | March 29, 2004 F | 39,476 | 0 | 0 | $0 |
| Maria Demaree Hutchinson | Director | May 21, 2026 A | 3,234 | 0 | 0 | $0 |
| George J Kehl | Director | May 21, 2026 A | 19,425 | 0 | 0 | $0 |
| Lynn Casey | Director | May 21, 2026 A | 43,123 | 0 | 0 | $0 |
| Timothy A Welsh | Director | May 21, 2026 A | 17,018 | 0 | 0 | $0 |
| Devin W Stockfish | Director | May 21, 2026 A | 7,798 | 0 | 0 | $0 |
| Netha N. Johnson | Director | May 21, 2026 A | 19,340 | 0 | 0 | $0 |
| Charles G Pardee | Director | May 21, 2026 A | 33,311 | 0 | 0 | $0 |
| Megan D Burkhart | Director | May 21, 2026 A | 23,257 | 0 | 0 | $0 |
| Patricia L Kampling | Director | May 21, 2026 A | 24,551 | 0 | 0 | $0 |
| James T Prokopanko | Director | May 22, 2025 A | 37,882 | 0 | 0 | $0 |
| Richard T Obrien | Director | May 22, 2025 A | 100,045 | 0 | 0 | $0 |
| Christopher J. Policinski | Director | March 28, 2025 A | 140,042 | 0 | 0 | $0 |
| Kim Williams | Director | Dec. 5, 2024 G | 112,359 | 0 | 0 | $0 |
| Daniel Yohannes | Director | May 22, 2024 A | 24,057 | 0 | 0 | $0 |
| David A Westerlund | Director | March 28, 2022 A | 153,496 | 0 | 0 | $0 |
| Timothy V Wolf | Director | March 28, 2022 A | 78,237 | 0 | 0 | $0 |
| James J. Sheppard | Director | June 1, 2020 S | 0 | 0 | 0 | $0 |
| David K Owens | Director | May 22, 2020 A | 10,783 | 0 | 0 | $0 |
| Patricia A Sampson | Director | May 22, 2020 A | 156,370 | 0 | 0 | $0 |
| Richard K Davis | Director | May 15, 2019 A | 13,481 | 0 | 0 | $0 |
| Gail Boudreaux | Director | Dec. 28, 2017 A | 1,780 | 0 | 0 | $0 |
| MORENO ALBERT F | Director | March 28, 2016 A | 2,325 | 0 | 0 | $0 |
| Fredric W Corrigan | Director | May 23, 2013 A | 10,000 | 0 | 0 | $0 |
| BURGESS C CONVEY | Director | June 26, 2009 A | · | 0 | 0 | $0 |
| LEATHERDALE DOUGLAS W | Director | June 26, 2009 A | · | 0 | 0 | $0 |
| HEMMINGHAUS ROGER R | Director | June 26, 2009 A | · | 0 | 0 | $0 |
| Richard H Truly | Director | May 21, 2009 A | · | 0 | 0 | $0 |
| Margaret R Preska | Director | May 21, 2009 A | · | 0 | 0 | $0 |
| HIRSCHFELD A BARRY | Director | March 27, 2009 A | · | 0 | 0 | $0 |
| Ralph R Peterson | Director | Dec. 28, 2005 A | · | 0 | 0 | $0 |
| Ronald M Moquist | Director | Sept. 28, 2005 A | · | 0 | 0 | $0 |
| David A Christensen | Director | June 29, 2005 A | · | 0 | 0 | $0 |
| Richard H Anderson | Director | May 26, 2005 A | · | 0 | 0 | $0 |
| STEPHENS W T | Director | Sept. 28, 2004 A | · | 0 | 0 | $0 |
| SLIFER RODNEY E | Director | June 28, 2004 A | · | 0 | 0 | $0 |
| Allan L Schuman | · | June 28, 2004 A | · | 0 | 0 | $0 |
| David E Ripka | · | March 29, 2004 F | 11,872 | 0 | 0 | $0 |
| PETILLO J T | · | Jan. 23, 2004 M | 15,868 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 142 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| UTES · ETFis Series Trust I | 7.07% | 1,188,458 NS | July 31, 2026 | N-PORT |
| ZAP · Global X Funds | 3.97% | 234,625 NS | July 31, 2026 | N-PORT |
| RSPU · Invesco Exchange-Traded Fund Trust | 3.23% | 214,340 SH | Oct. 2, 2026 | Daily |
| VPU · VANGUARD WORLD FUND | 3.19% | 4,272,977 SH | Aug. 19, 2026 | Daily |
| FUTY · FIDELITY COVINGTON TRUST | 3.18% | 944,832 NS | July 31, 2026 | N-PORT |
| PUI · Invesco Exchange-Traded Fund Trust | 3.06% | 20,660 SH | Oct. 2, 2026 | Daily |
| IDU · iShares Trust | 3.02% | 517,440 SH | Sept. 11, 2026 | Daily |
| IQRA · New York Life Investments Active ET… | 2.87% | 2,522 NS | July 31, 2026 | N-PORT |
| FPWR · First Trust Exchange-Traded Fund IV | 2.75% | 10,406 NS | July 31, 2026 | N-PORT |
| UTSL · Direxion Shares ETF Trust | 2.74% | 13,245 NS | July 31, 2026 | N-PORT |
| FXU · First Trust Exchange-Traded AlphaDE… | 2.48% | 263,227 NS | July 31, 2026 | N-PORT |
| JXI · iShares Trust | 2.16% | 86,003 SH | Sept. 11, 2026 | Daily |
| POWR · iShares, Inc. | 1.89% | 114,563 SH | Sept. 11, 2026 | Daily |
| QFLR · Innovator ETFs Trust | 1.74% | 116,611 NS | July 31, 2026 | N-PORT |
| EMLP · First Trust Exchange-Traded Fund IV | 1.48% | 781,045 NS | July 31, 2026 | N-PORT |
| IGF · iShares Trust | 1.28% | 1,767,325 SH | Sept. 11, 2026 | Daily |
| VRAI · ETFis Series Trust I | 1.05% | 2,505 NS | July 31, 2026 | N-PORT |
| SPLV · Invesco Exchange-Traded Fund Trust … | 1.01% | 980,632 SH | Oct. 2, 2026 | Daily |
| QQQE · Direxion Shares ETF Trust | 1.00% | 170,976 NS | July 31, 2026 | N-PORT |
| PAYR · Federated Hermes ETF Trust | 0.97% | 7,121 NS | July 31, 2026 | N-PORT |
| QNXT · iShares Trust | 0.90% | 3,265 SH | Sept. 11, 2026 | Daily |
| VOE · VANGUARD INDEX FUNDS | 0.86% | 4,010,118 SH | Aug. 19, 2026 | Daily |
| DVY · iShares Trust | 0.85% | 2,661,754 SH | Sept. 11, 2026 | Daily |
| PGX · Invesco Exchange-Traded Fund Trust … | 0.78% | 1,346,701 | Oct. 2, 2026 | Daily |
| EIPX · First Trust Exchange-Traded Fund IV | 0.73% | 52,742 NS | July 31, 2026 | N-PORT |
| TRFM · ETF Series Solutions | 0.71% | 22,567 NS | July 31, 2026 | N-PORT |
| NFRA · FlexShares Trust | 0.67% | 257,880 NS | July 31, 2026 | N-PORT |
| IMCV · iShares Trust | 0.66% | 101,709 SH | Sept. 11, 2026 | Daily |
| SPVM · Invesco Exchange-Traded Fund Trust | 0.64% | 11,883 SH | Oct. 2, 2026 | Daily |
| QUAL · iShares Trust | 0.51% | 3,137,941 SH | Sept. 11, 2026 | Daily |
| FTA · First Trust Exchange-Traded AlphaDE… | 0.49% | 87,464 NS | July 31, 2026 | N-PORT |
| VO · VANGUARD INDEX FUNDS | 0.48% | 13,528,730 SH | Aug. 19, 2026 | Daily |
| USMV · iShares Trust | 0.48% | 1,497,087 SH | Sept. 11, 2026 | Daily |
| IWS · iShares Trust | 0.46% | 932,915 SH | Sept. 11, 2026 | Daily |
| PFF · iShares Trust | 0.38% | 2,202,425 SH | Sept. 11, 2026 | Daily |
| IWR · iShares Trust | 0.35% | 2,558,822 SH | Sept. 11, 2026 | Daily |
| IMCB · iShares Trust | 0.33% | 73,323 SH | Sept. 11, 2026 | Daily |
| DGRO · iShares Trust | 0.31% | 1,772,349 SH | Sept. 11, 2026 | Daily |
| JPUS · J.P. Morgan Exchange-Traded Fund Tr… | 0.31% | 18,167 NS | July 31, 2026 | N-PORT |
| JPME · J.P. Morgan Exchange-Traded Fund Tr… | 0.30% | 17,903 NS | July 31, 2026 | N-PORT |
| BSCT · Invesco Exchange-Traded Self-Indexe… | 0.27% | 8,387,000 | Oct. 2, 2026 | Daily |
| XOEF · iShares Trust | 0.27% | 784 SH | Sept. 11, 2026 | Daily |
| VRP · Invesco Exchange-Traded Fund Trust … | 0.26% | 8,310,000 | Oct. 2, 2026 | Daily |
| FEX · First Trust Exchange-Traded AlphaDE… | 0.26% | 52,642 NS | July 31, 2026 | N-PORT |
| BSCQ · Invesco Exchange-Traded Self-Indexe… | 0.25% | 8,037,000 | Oct. 2, 2026 | Daily |
| FAB · First Trust Exchange-Traded AlphaDE… | 0.25% | 5,283 NS | July 31, 2026 | N-PORT |
| FDLO · FIDELITY COVINGTON TRUST | 0.23% | 42,065 NS | July 31, 2026 | N-PORT |
| QYLD · Global X Funds | 0.23% | 236,292 NS | July 31, 2026 | N-PORT |
| QYLG · Global X Funds | 0.23% | 4,612 NS | July 31, 2026 | N-PORT |
| PTNQ · Pacer Funds Trust | 0.22% | 34,143 NS | July 31, 2026 | N-PORT |
| QQWZ · Pacer Funds Trust | 0.22% | 1,439 NS | July 31, 2026 | N-PORT |
| QTR · Global X Funds | 0.22% | 215 NS | July 31, 2026 | N-PORT |
| VIG · VANGUARD SPECIALIZED FUNDS | 0.22% | 3,526,802 SH | Aug. 19, 2026 | Daily |
| QRMI · Global X Funds | 0.22% | 397 NS | July 31, 2026 | N-PORT |
| QCLR · Global X Funds | 0.21% | 89 NS | July 31, 2026 | N-PORT |
| VYM · VANGUARD WHITEHALL FUNDS | 0.21% | 2,490,851 SH | Aug. 19, 2026 | Daily |
| QSIX · Pacer Funds Trust | 0.21% | 482 NS | July 31, 2026 | N-PORT |
| PFIG · Invesco Exchange-Traded Fund Trust … | 0.20% | 286,000 | Oct. 2, 2026 | Daily |
| EUSA · iShares, Inc. | 0.19% | 49,136 SH | Sept. 11, 2026 | Daily |
| EQAL · Invesco Exchange-Traded Fund Trust … | 0.19% | 21,574 SH | Oct. 2, 2026 | Daily |
| RSP · Invesco Exchange-Traded Fund Trust | 0.19% | 2,561,727 SH | Oct. 2, 2026 | Daily |
| VTV · VANGUARD INDEX FUNDS | 0.19% | 5,930,865 SH | Aug. 19, 2026 | Daily |
| QQQM · Invesco Exchange-Traded Fund Trust … | 0.19% | 2,873,065 SH | Oct. 2, 2026 | Daily |
| QQQ · Invesco QQQ Trust, Series 1 | 0.19% | 13,078,965 SH | Oct. 2, 2026 | Daily |
| ROUS · Lattice Strategies Trust | 0.18% | 16,136 NS | July 31, 2026 | N-PORT |
| SIZE · iShares Trust | 0.18% | 10,006 SH | Sept. 11, 2026 | Daily |
| VOOV · VANGUARD ADMIRAL FUNDS | 0.17% | 143,800 SH | Aug. 19, 2026 | Daily |
| PFM · Invesco Exchange-Traded Fund Trust | 0.16% | 17,781 SH | Oct. 1, 2026 | Daily |
| IVE · iShares Trust | 0.16% | 1,035,800 SH | Sept. 11, 2026 | Daily |
| IUSV · iShares Trust | 0.15% | 544,899 SH | Sept. 11, 2026 | Daily |
| BSCS · Invesco Exchange-Traded Self-Indexe… | 0.14% | 5,107,000 | Oct. 1, 2026 | Daily |
| VONV · VANGUARD SCOTTSDALE FUNDS | 0.14% | 376,924 SH | Aug. 19, 2026 | Daily |
| ILCV · iShares Trust | 0.14% | 24,247 SH | Sept. 11, 2026 | Daily |
| IWD · iShares Trust | 0.13% | 1,388,944 SH | Sept. 11, 2026 | Daily |
| ACWV · iShares, Inc. | 0.12% | 51,179 SH | Sept. 11, 2026 | Daily |
| EGLE · Global X Funds | 0.11% | 32 NS | July 31, 2026 | N-PORT |
| BSCR · Invesco Exchange-Traded Self-Indexe… | 0.11% | 5,256,000 | Oct. 2, 2026 | Daily |
| JFLI · J.P. Morgan Exchange-Traded Fund Tr… | 0.10% | 584 NS | July 31, 2026 | N-PORT |
| PRF · Invesco Exchange-Traded Fund Trust | 0.09% | 125,822 SH | Oct. 2, 2026 | Daily |
| TOPC · iShares Trust | 0.09% | 380 SH | Sept. 11, 2026 | Daily |
| QVML · Invesco Exchange-Traded Fund Trust … | 0.08% | 19,628 SH | Oct. 2, 2026 | Daily |
| VOO · VANGUARD INDEX FUNDS | 0.08% | 16,228,841 SH | Aug. 19, 2026 | Daily |
| VV · VANGUARD INDEX FUNDS | 0.08% | 729,089 SH | Aug. 19, 2026 | Daily |
| TOV · EA Series Trust | 0.08% | 2,593 NS | July 31, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.08% | 125,170 NS | July 31, 2026 | N-PORT |
| XTR · Global X Funds | 0.08% | 48 NS | July 31, 2026 | N-PORT |
| XCLR · Global X Funds | 0.08% | 35 NS | July 31, 2026 | N-PORT |
| CATH · Global X Funds | 0.08% | 12,742 NS | July 31, 2026 | N-PORT |
| XRMI · Global X Funds | 0.08% | 484 NS | July 31, 2026 | N-PORT |
| BBUS · J.P. Morgan Exchange-Traded Fund Tr… | 0.08% | 86,108 NS | July 31, 2026 | N-PORT |
| CHRI · Global X Funds | 0.08% | 77 NS | July 31, 2026 | N-PORT |
| VOTE · TCW ETF Trust | 0.08% | 10,562 NS | July 31, 2026 | N-PORT |
| XYLG · Global X Funds | 0.07% | 613 NS | July 31, 2026 | N-PORT |
| XYLD · Global X Funds | 0.07% | 30,756 NS | July 31, 2026 | N-PORT |
| BKLC · BNY Mellon ETF Trust | 0.07% | 51,397 NS | July 31, 2026 | N-PORT |
| IVV · iShares Trust | 0.07% | 7,868,477 SH | Sept. 11, 2026 | Daily |
| PTLC · Pacer Funds Trust | 0.07% | 29,939 NS | July 31, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.07% | 189,955 NS | July 31, 2026 | N-PORT |
| ILCB · iShares Trust | 0.07% | 12,098 SH | Sept. 11, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.07% | 19,819,893 SH | Aug. 19, 2026 | Daily |
| VONE · VANGUARD SCOTTSDALE FUNDS | 0.07% | 103,567 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.07% | 52,546 SH | Aug. 19, 2026 | Daily |
| RWL · Invesco Exchange-Traded Fund Trust … | 0.07% | 95,494 SH | Oct. 2, 2026 | Daily |
| SPUU · Direxion Shares ETF Trust | 0.07% | 2,355 NS | July 31, 2026 | N-PORT |
| ACVF · ETF Opportunities Trust | 0.07% | 1,360 NS | July 31, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.07% | 29,651 NS | July 31, 2026 | N-PORT |
| QDPL · Pacer Funds Trust | 0.07% | 15,010 NS | July 31, 2026 | N-PORT |
| VOXP · Advisors Series Trust | 0.07% | 51 NS | July 31, 2026 | N-PORT |
| PBP · Invesco Exchange-Traded Fund Trust | 0.07% | 3,715 SH | Oct. 1, 2026 | Daily |
| PBUS · Invesco Exchange-Traded Fund Trust … | 0.07% | 108,182 SH | Oct. 2, 2026 | Daily |
| IWB · iShares Trust | 0.07% | 430,971 SH | Sept. 11, 2026 | Daily |
| IYY · iShares Trust | 0.07% | 26,720 SH | Sept. 11, 2026 | Daily |
| IWV · iShares Trust | 0.06% | 171,524 SH | Sept. 11, 2026 | Daily |
| ITOT · iShares Trust | 0.06% | 803,684 SH | Sept. 11, 2026 | Daily |
| PEVC · Pacer Funds Trust | 0.06% | 19 NS | July 31, 2026 | N-PORT |
| HCMT · Direxion Shares ETF Trust | 0.06% | 4,345 NS | July 31, 2026 | N-PORT |
| SPXL · Direxion Shares ETF Trust | 0.06% | 48,810 NS | July 31, 2026 | N-PORT |
| PHDG · Invesco Actively Managed Exchange-T… | 0.06% | 492 SH | Oct. 1, 2026 | Daily |
| TOK · iShares Trust | 0.06% | 1,741 SH | Sept. 11, 2026 | Daily |
| TILT · FlexShares Trust | 0.05% | 15,326 NS | July 31, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.05% | 327,219 NS | July 31, 2026 | N-PORT |
| URTH · iShares, Inc. | 0.05% | 55,675 SH | Sept. 11, 2026 | Daily |
| ACWI · iShares Trust | 0.05% | 199,701 SH | Sept. 11, 2026 | Daily |
| LGDX · Tidal Trust III | 0.04% | 779 NS | July 31, 2026 | N-PORT |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.04% | 512,643 SH | Aug. 19, 2026 | Daily |
| OMFL · Invesco Exchange-Traded Self-Indexe… | 0.02% | 16,297 SH | Oct. 2, 2026 | Daily |
| GTOS · Invesco Actively Managed Exchange-T… | 0.00% | 3,000 | Sept. 30, 2026 | Daily |
| GTO · Invesco Actively Managed Exchange-T… | 0.00% | 6,000 | Sept. 30, 2026 | Daily |
| DYNF · BlackRock ETF Trust | 0.00% | 294 SH | Sept. 10, 2026 | Daily |
| BIV · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| BLV · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| BSV · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| BND · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| VCRB · VANGUARD MALVERN FUNDS | · | · | July 15, 2026 | Daily |
| VPLS · VANGUARD MALVERN FUNDS | · | · | July 15, 2026 | Daily |
| VGMS · VANGUARD MALVERN FUNDS | · | · | July 15, 2026 | Daily |
| VCSH · VANGUARD SCOTTSDALE FUNDS | · | · | July 15, 2026 | Daily |
| VCIT · VANGUARD SCOTTSDALE FUNDS | · | · | July 15, 2026 | Daily |
| VCLT · VANGUARD SCOTTSDALE FUNDS | · | · | July 15, 2026 | Daily |
| VTC · VANGUARD SCOTTSDALE FUNDS | · | · | July 30, 2026 | Daily |
| BNDW · VANGUARD SCOTTSDALE FUNDS | · | · | July 30, 2026 | Daily |
| IFRA · iShares Trust | · | 762,067 SH | Sept. 11, 2026 | Daily |
XEL Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
12-Month Price Target
18 analysts · 2026-10-02Mean target $90.61 +26.9%
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| XEL | $46.06B | 21.6 | · | · | 9.4% | · |
| NEE | $167.22B | 24.3 | 9.8% | 26.5% | 13.1% | · |
| SO | · | · | · | · | · | · |
| CEG | $110.22B | 47.7 | 8.3% | 9.1% | 16.8% | · |
| DUK | $91.19B | 18.6 | 5.6% | 15.7% | 9.7% | · |
| AEP | · | 17.3 | 10.9% | 16.9% | 12.7% | · |
| ETR | · | 23.6 | 9.0% | 13.7% | 11.1% | · |
| EXC | $44.59B | 15.3 | 5.3% | 11.4% | 9.9% | · |
| PCG | $35.32B | 13.6 | 2.1% | 10.8% | 8.6% | · |
| FE | $25.87B | 25.4 | 12.0% | 6.8% | 8.2% | · |
| PPL | · | · | · | · | · | · |
Latest News Recent headlines mentioning this company
Trading Signals Recent buy/sell signals with entry price and risk/reward ratio
No open signal right now — no card is filled, and that's honest.
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