Segments and Related Information (Tables)

12 Months Ended

Dec. 31, 2024

Dec. 31, 2023

Dec. 31, 2022

Segment Reporting [Abstract]

Results from Operations by Reportable Segment

Segment information and reconciliations to Xcel Energy’s consolidated operating revenues and net income:

	2024
(Millions of Dollars)	Regulated electric utility		Regulated natural gas utility		Total segments
Operating revenues	$	11,147	$	2,230	$	13,377
Intersegment revenue	2		22		24
Total segment revenues	11,149		2,252		13,401
Electric fuel and purchased power	3,788		—		3,788
Cost of natural gas sold and transported	—		951		951
O&M expenses	2,102		409		2,511
Depreciation and amortization	2,373		357		2,730
Other segment expenses, net	693		123		816
Interest charges and financing costs	767		113		880
Income tax (benefit) expense	(420)		62		(358)
Net income	$	1,846	$	237	$	2,083
Total segment revenues					$	13,401
Eliminate intersegment revenue					(24)
Non-segment revenues					64
Consolidated operating revenues					$	13,441
Total segment net income					$	2,083
Non-segment net loss					(147)
Consolidated net income					$	1,936

	2023
(Millions of Dollars)	Regulated electric utility		Regulated natural gas utility		Total segments
Operating revenues	$	11,446	$	2,645	$	14,091
Intersegment revenue	2		3		5
Total segment revenues	11,448		2,648		14,096
Electric fuel and purchased power	4,278		—		4,278
Cost of natural gas sold and transported	—		1,456		1,456
O&M expenses	2,011		386		2,397
Depreciation and amortization	2,111		323		2,434
Other segment expenses, net (a)	827		118		945
Interest charges and financing costs	670		96		766
Income tax (benefit) expense	(135)		50		(85)
Net income	$	1,686	$	219	$	1,905
Total segment revenues					$	14,096
Eliminate intersegment revenue					(5)
Non-segment revenues					115
Consolidated operating revenues					$	14,206
Total segment net income					$	1,905
Non-segment net loss					(134)
Consolidated net income					$	1,771

(a)Other segment expenses, net, for 2023 additionally includes loss on Comanche Unit 3 litigation and workforce reduction expenses.

	2022
(Millions of Dollars)	Regulated electric utility		Regulated natural gas utility		Total segments
Operating revenues	$	12,123	$	3,080	$	15,203
Intersegment revenue	2		2		4
Total segment revenues	12,125		3,082		15,207
Electric fuel and purchased power	5,005		—		5,005
Cost of natural gas sold and transported	—		1,910		1,910
O&M expenses	2,069		370		2,439
Depreciation and amortization	2,122		276		2,398
Other segment expenses, net	824		108		932
Interest charges and financing costs	636		86		722
Income tax (benefit) expense	(162)		68		(94)
Net income	$	1,631	$	264	$	1,895
Total segment revenues					$	15,207
Eliminate intersegment revenue					(4)
Non-segment revenues					107
Consolidated operating revenues					$	15,310
Total segment net income					$	1,895
Non-segment net loss					(159)
Consolidated net income					$	1,736