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Xcel Energy Inc
🇺🇸 XEL · NYSE/NASDAQ · US98389B1008
Utilities
Scores
Key Metrics
Powered by EODHDP/E (TTM)
21.1
P/E (Price-to-Earnings)Shows how much investors pay for each $1 of profit. We display the TTM P/E (Trailing Twelve Months) which uses actual earnings from the last 4 quarters. This is more reliable than Forward P/E which uses analyst estimates.
Net Debt/EBITDA (TTM)
5.9x
Latest quarter: 23.8x
Net Debt / EBITDAA leverage ratio showing how many years of EBITDA (earnings before interest, taxes, depreciation, and amortization) it would take to repay net debt. EBITDA approximates operating cash generation. Lower ratios (e.g., <3x) are generally safer; higher (e.g., >5x) may indicate more financial risk.
Latest quarter (2026-06-30): 23.8x
The quarterly value can spike when quarterly EBITDA is very low (e.g., one-time charges).
Quick guide: <2x manageable, >4x can be risky (sector-dependent).
ROE
9.9%
ROE (Return on Equity)A profitability measure: how much profit is generated from shareholders’ equity. Higher isn’t always better if it comes from high debt.
EV/EBITDA
13.5x
EV/EBITDAA valuation ratio that compares total business value (including debt) to EBITDA. Lower can mean cheaper, but context matters.
Dividend Summary
Powered by EODHDDividend Yield (Fwd)
3.00%
TTM: 2.93%
Dividend YieldThe Forward yield (Fwd) shows the next announced annual dividend / current price — what you'd earn going forward. The Trailing yield (TTM) in the tooltip shows dividends actually paid in the last 12 months. Forward is shown as primary because it reflects the company's current commitment to shareholders.
Forward Yield (estimated): 3.00%
Trailing Yield (TTM, last 12 months): 2.93%
Payout Ratio (Fwd)
58.1% TTM
Payout RatioDividends as a percentage of earnings. The Forward payout (Fwd) uses the announced dividend divided by actual past earnings (TTM) — it tells you if the company can afford what it promised. Very high payouts can be risky, especially if profits fall.
Announced dividend / actual earnings (TTM)
Dividend History
EODHD Dividends API| Status | Type | Decl. Date | Ex-Div Date | Pay Date | Currency | Amount |
|---|---|---|---|---|---|---|
| Forecast* | Quarterly | — | 15 Jun 2027 | — | USD | 0.593 |
| Forecast* | Quarterly | — | 13 Mar 2027 | — | USD | 0.593 |
| Forecast* | Quarterly | — | 29 Dec 2026 | — | USD | 0.57 |
| Declared | Quarterly | 29 Jul 2026 | 15 Sep 2026 | 20 Oct 2026 | USD | 0.5925 |
| Paid | Quarterly | 20 May 2026 | 15 Jun 2026 | 20 Jul 2026 | USD | 0.593 |
| Paid | Quarterly | 25 Feb 2026 | 13 Mar 2026 | 20 Apr 2026 | USD | 0.593 |
| Paid | Quarterly | 17 Dec 2025 | 29 Dec 2025 | 20 Jan 2026 | USD | 0.57 |
| Paid | Quarterly | 30 Jul 2025 | 15 Sep 2025 | 20 Oct 2025 | USD | 0.57 |
* Extrapolated from past dividend history. Not an official announcement — treat as an estimate, not a confirmed date or amount.
Summary
Xcel Energy offers essential regulated utility services with a highly visible earnings profile, and it is making excellent progress clearing its Marshall Fire litigation overhang. While the underlying business remains resilient and defensive, the current P/E valuation is elevated and structural wildfire risks persist in Texas. Existing shareholders should maintain positions, but new buyers should wait for a better valuation entry point.
Sector Context
Xcel Energy operates a multi-state regulated utility monopoly providing essential electricity and natural gas services. In the DGI context, utilities typically carry high debt loads and operate with negative free cash flow due to massive, mandated infrastructure capex, relying on regulatory rate cases to ensure steady ROE and dividend support.
Temporary Opportunity Identified
The company has faced significant downward pressure from catastrophic wildfire liabilities. The recent $640 million settlement regarding the Colorado Marshall Fire clears a major cloud, though Texas litigation remains.
📊 Strategy Analysis
- • Materially de-risked its profile by reaching a $640 million settlement in principle for the 2021 Marshall Fire, resolving a massive litigation overhang.
- • Generates highly predictable earnings supported by a 9.92% ROE and successful regulatory rate case outcomes across multiple states.
- • Trades at a reasonable P/FFO multiple of 10.19x, which better reflects utility cash flow generation than traditional earnings metrics.
⚠ What to Watch
- • Trailing P/E valuation remains elevated at 21.10x, offering a limited margin of safety for new capital.
- • Severe ongoing structural wildfire liabilities persist in Texas (Smokehouse Creek Fire), exacerbated by the state's removal of utility liability shields.
- • Deeply negative free cash flow (-$1.85 billion) requires continuous debt or equity issuance to fund capital expenditures and dividends.
📊 Historical Trends (10 Years)
Powered by EODHDThese charts show how key metrics have evolved over the past decade, helping you identify if the company is improving or deteriorating.
Debt Evolution (Net Debt / EBITDA)
Lower values are better. A declining trend indicates the company is reducing its debt (deleveraging).
Revenue & Earnings Growth
Consistent growth in revenueRevenue
The money a company brings in from selling its products or services. It’s the top line before costs. (blue) and earningsEarnings (Profit)
What’s left after expenses. Positive earnings mean the business made a profit; negative means a loss. (green) indicates a healthy business. Look for upward trends and recoveries after temporary dips.
Dividend Sustainability (FCF vs Dividends Paid)
Free cash flowFree Cash Flow
Cash left after the company pays for running the business and maintaining it. Often used to fund dividends, pay debt, or buy back shares. (FCFFCF (Free Cash Flow)
Short for Free Cash Flow: cash left after operating needs and maintenance spending., blue) should cover dividends paidDividends Paid
Cash the company paid out to shareholders. It’s not guaranteed and can change over time. (green). If dividends consistently exceed FCFFCF (Free Cash Flow)
Short for Free Cash Flow: cash left after operating needs and maintenance spending., the dividend may be at risk.
Analysis date: 2026-08-22
Disclaimer: This information is for educational purposes only. Not financial advice.