Filing Flows › Xcel Energy (XEL) › Q1 2025
Xcel Energy (XEL) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 24, 2025
Xcel Energy (XEL) reported revenue of $3.9B for the first quarter 2025 (Q1 2025), +7% from a year earlier and +25% from the quarter before. Operating margin was 17.3%, net earnings $483M (12.4% of revenue).
Xcel Energy, Q1 2025: revenue $3.9B (+7% year over year), operating margin 17.3%, net earnings $483M, operating cash flow $1.0B. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.9B | +25% | +7% |
| Operating profit | $677M | +95% | -0.3% |
| Net earnings | $483M | +4% | -1% |
| Operating cash flow | $1.0B | +55% | -2% |
What changed
Revenue was $3.9B in Q1 2025, up 7% year over year and up 25% from the previous quarter. Total revenue from contracts with customers was the largest line at 95% of revenue. Total revenue from contracts with customers added $0.26B year over year (up 8%), 102% of the total change.
Operating profit was $0.68B, a 17.3% margin (down 1.3 points year over year). Operating profit fell $2.0M even though revenue rose $0.26B versus a year earlier, so costs grew faster than sales. Total costs grew 9% against revenue growth of 7%. Net earnings were $0.48B, down 1% year over year. The effective tax rate was -14.5%.
Operating cash flow was $1.0B (down 2% year over year), 213% of net earnings. Non-cash charges added back $0.73B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.20B. Capital expenditures of $2.0B exceeded it, leaving free cash flow of −$1.0B.
Questions
What was Xcel Energy's revenue in the first quarter 2025?
Xcel Energy (XEL) reported revenue of $3.9B for the first quarter 2025 (Q1 2025), +7% from a year earlier and +25% from the quarter before.
Was Xcel Energy profitable in the first quarter 2025?
Operating profit was $677M (17.3% of revenue) and net earnings $483M.
Source: Xcel Energy 10-Q on SEC EDGAR.