Financials Xcel Energy Inc.

Equities

XEL

US98389B1008

Electric Utilities

Market Closed - Nasdaq Other stock markets 04:00:00 2024-12-11 pm EST			5-day change	1st Jan Change
68.36 ^USD	-1.14%		-3.72%	+10.42%

Dec. 04	KeyBanc Raises Price Target on Xcel Energy to $79 From $74, Maintains Overweight Rating	MT
Dec. 02	Sector Update: Energy Stocks Fall Late Afternoon	MT

Projected Income Statement: Xcel Energy Inc.

income-statement-evolution-chart XCEL-ENERGY-INC

Fiscal Period: december	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	11,529	11,526	13,431	15,310	14,206	14,538	15,474	16,334
Change	-	-0.03%	16.53%	13.99%	-7.21%	2.34%	6.43%	5.56%
EBITDA ¹	3,869	4,064	4,324	4,841	5,036	5,603	6,263	6,956
Change	-	5.04%	6.4%	11.96%	4.03%	11.26%	11.77%	11.07%
EBIT ¹	2,104	2,116	2,203	2,428	2,481	2,860	3,293	3,733
Change	-	0.57%	4.11%	10.21%	2.18%	15.26%	15.17%	13.35%
Interest Paid ¹	-736	-798	-816	-925	-1,055	-1,157	-1,368	-1,560
Earnings before Tax (EBT) ¹	1,500	1,467	1,527	1,601	1,625	1,856	2,101	2,330
Change	-	-2.2%	4.09%	4.85%	1.5%	14.23%	13.17%	10.9%
Net income ¹	1,372	1,473	1,597	1,736	1,771	1,975	2,200	2,425
Change	-	7.36%	8.42%	8.7%	2.02%	11.54%	11.38%	10.24%
Announcement Date	1/30/20	1/28/21	1/27/22	1/26/23	1/25/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3
Net sales ¹	2,798	2,811	2,586	3,182	2,947	3,541	3,068	3,467	3,355	3,751	3,424	4,082	4,053	4,080	3,022	3,662	3,442	3,649	3,028	3,644	3,770	4,022	3,315	3,985
Change	-	0.46%	-8%	23.05%	-7.39%	20.16%	-13.36%	13.01%	-3.23%	11.8%	-8.72%	19.22%	-0.71%	0.67%	-25.93%	21.18%	-6.01%	6.01%	-17.02%	20.34%	3.46%	6.68%	-17.57%	20.18%
EBITDA ¹	896	918	895	1,326	925	1,028	966	1,362	968	1,072	1,107	1,531	1,131	1,197	983	1,533	1,289	1,337	1,152	1,592	1,350	1,447	1,328	1,854
Change	-	2.46%	-2.51%	48.16%	-30.24%	11.14%	-6.03%	40.99%	-28.93%	10.74%	3.26%	38.3%	-26.13%	5.84%	-17.88%	55.95%	-15.92%	3.72%	-13.84%	38.19%	-15.17%	7.18%	-8.21%	39.58%
EBIT ¹	450	455	422	813	426	507	438	825	433	510	469	924	525	573	418	915	575	679	449	911	738.7	762.5	625.1	1,112
Change	-	1.11%	-7.25%	92.65%	-47.6%	19.01%	-13.61%	88.36%	-47.52%	17.78%	-8.04%	97.01%	-43.18%	9.14%	-27.05%	118.9%	-37.16%	18.09%	-33.87%	102.9%	-18.91%	3.22%	-18.02%	77.94%
Charge d'intérêts ¹	-185	-189	-196	-210	-203	-205	-206	-204	-206	-209	-240	-244	-239	-243	-256	-269	-265	-277	-303	-326	-279.2	-	-	-
Earnings before Tax (EBT) ¹	299	289	274	646	258	340	273	652	262	330	254	693	324	365	200	696	364	461	214	692	441.6	-	-	-
Change	-	-3.34%	-5.19%	135.77%	-60.06%	31.78%	-19.71%	138.83%	-59.82%	25.95%	-23.03%	172.83%	-53.25%	12.65%	-45.21%	248%	-47.7%	26.65%	-53.58%	223.36%	-36.18%	-100%	-	-
Net income ¹	292	295	287	603	288	362	311	609	315	380	328	649	379	418	288	656	409	488	302	682	500.7	471.2	464.2	809.2
Change	-	1.03%	-2.71%	110.1%	-52.24%	25.69%	-14.09%	95.82%	-48.28%	20.63%	-13.68%	97.87%	-41.6%	10.29%	-31.1%	127.78%	-37.65%	19.32%	-38.11%	125.83%	-26.59%	-5.89%	-1.49%	74.33%
Announcement Date	1/30/20	5/7/20	7/30/20	10/29/20	1/28/21	4/29/21	7/29/21	10/28/21	1/27/22	4/28/22	7/28/22	10/27/22	1/26/23	4/27/23	7/27/23	10/27/23	1/25/24	4/25/24	8/1/24	10/31/24	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Xcel Energy Inc.

balance-sheet-analysis-chart XCEL-ENERGY-INC

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	18,456	20,521	23,219	24,666	26,121	28,916	33,110	35,999
Change	-	11.19%	13.15%	6.23%	5.9%	10.7%	14.5%	8.73%
Announcement Date	1/30/20	1/28/21	1/27/22	1/26/23	1/25/24	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Xcel Energy Inc.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	4,225	5,369	4,244	4,638	5,854	7,309	10,089	8,858
Change	-	27.08%	-20.95%	9.28%	26.22%	24.85%	38.04%	-12.2%
Free Cash Flow (FCF) ¹	-962	-2,521	-2,055	-706	-527	-1,084	-2,967	-970
Change	-	162.06%	-18.48%	-65.64%	-25.35%	105.69%	173.71%	-67.31%
Announcement Date	1/30/20	1/28/21	1/27/22	1/26/23	1/25/24	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Xcel Energy Inc.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	33.56%	35.26%	32.19%	31.62%	35.45%	38.54%	40.47%	42.59%
EBIT Margin (%)	18.25%	18.36%	16.4%	15.86%	17.46%	19.67%	21.28%	22.85%
EBT Margin (%)	13.01%	12.73%	11.37%	10.46%	11.44%	12.77%	13.58%	14.26%
Net margin (%)	11.9%	12.78%	11.89%	11.34%	12.47%	13.59%	14.22%	14.85%
FCF margin (%)	-8.34%	-21.87%	-15.3%	-4.61%	-3.71%	-7.46%	-19.17%	-5.94%
FCF / Net Income (%)	-70.12%	-171.15%	-128.68%	-40.67%	-29.76%	-54.88%	-134.86%	-39.99%
Profitability
ROA	2.85%	2.82%	2.86%	2.92%	2.83%	2.9%	2.98%	3.07%
ROE	10.78%	10.59%	10.58%	10.76%	10.33%	10.79%	10.85%	10.95%
Financial Health
Leverage (Debt/EBITDA)	4.77x	5.05x	5.37x	5.1x	5.19x	5.16x	5.29x	5.18x
Debt / Free cash flow	-19.19x	-8.14x	-11.3x	-34.94x	-49.57x	-26.67x	-11.16x	-37.11x
Capital Intensity
CAPEX / Current Assets (%)	36.65%	46.58%	31.6%	30.29%	41.21%	50.27%	65.2%	54.23%
CAPEX / EBITDA (%)	109.2%	132.11%	98.15%	95.81%	116.24%	130.44%	161.09%	127.34%
CAPEX / FCF (%)	-439.19%	-212.97%	-206.52%	-656.94%	-1,110.82%	-674.24%	-340.04%	-913.22%
Items per share
Cash flow per share ¹	6.275	5.394	4.054	7.188	9.65	9.263	8.98	-
Change	-	-14.04%	-24.85%	77.33%	34.25%	-4.01%	-3.06%	-
Dividend per Share ¹	1.62	1.72	1.83	1.95	2.08	2.192	2.312	2.436
Change	-	6.17%	6.4%	6.56%	6.67%	5.36%	5.48%	5.38%
Book Value Per Share ¹	25.45	27.6	28.93	30.48	31.9	33.97	36.18	38.51
Change	-	8.45%	4.82%	5.36%	4.66%	6.48%	6.51%	6.45%
EPS ¹	2.64	2.79	2.96	3.17	3.21	3.57	3.824	4.115
Change	-	5.68%	6.09%	7.09%	1.26%	11.21%	7.1%	7.62%
Nbr of stocks (in thousands)	524,388	537,303	538,676	547,248	551,816	574,242	574,242	574,242
Announcement Date	1/30/20	1/28/21	1/27/22	1/26/23	1/25/24	-	-	-