Capital investment and capacitymixed · 3 filings
“The increase in capital expenditures was largely due to continued system investment in renewable and transmission projects.”10-Q · Apr 30, 2026 ↗
Xcel Energy Inc.
XEL
Market read
Xcel Energy Inc.'s current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 14 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 6 directly disclosed connections are confirming.
Company-0.9% todayVolume comparison unavailable
Market group0 of 14 activeRegulated Electric Utilities · unavailable
Disclosed network0 of 6 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- XEL's market-adjusted activity becomes unusual and at least one connected name confirms.
Invalidation: The isolated read changes if XEL's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 14 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 6 directly disclosed connections are confirming.
Evidence that supports
No thresholded supportive filing evidence is available yet.
Evidence that challenges
No thresholded adverse filing evidence is available yet.
What would clarify the read
- XEL's market-adjusted activity becomes unusual and at least one connected name confirms.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods9
Price observations601
Usable filing statements60
Verified relationships6
Evidence supporting the case
- Energy and commodity prices has repeated favorable evidence across 3 filings.
Evidence challenging the case
- Operating margin changed -2.5 percentage points in the latest annual period.
Questions before a position
No credible peer-relative valuation comparison is available yet.
Longer-term price context
Price as of Sep 10, 2026
75.406m-6.9%12m+4.7%24m+18.9%
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2014-12-31$11.7B+7.1%$2.03+1.5%
2015-12-31$11.0B-5.7%$1.94+0.8%
2016-12-31$11.1B+0.8%$2.21+0.2%
2017-12-31$11.4B+2.7%$2.25+0.0%
2018-12-31$11.5B+1.2%$2.47+0.4%
What management says matters
Persistent and emerging business drivers
Energy and commodity pricesmixed · 3 filings
“The increase was largely due to insurance reimbursement for the Marshall Wildfire settlement and timing of regulatory recovery, including deferred net natural gas, fuel and purchased energy costs.”10-Q · Apr 30, 2026 ↗
Legal and regulatory exposurenegative · 3 filings
“The increase was largely due to insurance reimbursement for the Marshall Wildfire settlement and timing of regulatory recovery, including deferred net natural gas, fuel and purchased energy costs.”10-Q · Apr 30, 2026 ↗
Valuation discipline
Peer-relative valuation withheld
Jodie found no industry-matched filing peers suitable for a valuation comparison. It will not substitute broader financial-sector names.
Scenario scaffold
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
75.47-0.9% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 10:35 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for XEL. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for XEL. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind XEL
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
JPMJPMorgan Chase & Co.lenderJul 31, 2025 ▾
“SPS Form 8-K dated May 2, 2025 4.02 10.01+ Eleventh Amendment to the Xcel Energy Senior Executive Severance and Change in Control Policy 10.02+ Twelfth Amendment to the Xcel Energy Senior Executive Severance and Change in Control Policy 10.03* Fifth Amended a…”
MFGMizuho Financial Group, Inc.lenderJul 31, 2025 ▾
“SPS Form 8-K dated May 2, 2025 4.02 10.01+ Eleventh Amendment to the Xcel Energy Senior Executive Severance and Change in Control Policy 10.02+ Twelfth Amendment to the Xcel Energy Senior Executive Severance and Change in Control Policy 10.03* Fifth Amended a…”
Depended on by
PRIM32.0% of PRIMcustomerFeb 24, 2026 ▾
“For the years ended December 31, 2025, 2024 and 2023, revenue derived from projects performed under MSAs was 32.0%, 36.8%, and 36.7% of total revenue, respectively.”
Filing peers
No filing peers are available for this name yet.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 3 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
XEL is currently a Follower in the organic co-movement group Regulated Electric Utilities. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.