Xcel Energy Inc Capital Reinvestment Ratio
Xcel Energy Inc capital reinvestment ratio. Xcel Energy Inc (XEL) has a Capital Reinvestment Ratio of 2.68x as of June 2026, meaning it reinvests 3% of its operating cash flow ($1.10 Billion) in capital expenditures ($2.95 Billion). See free cash flow generation of Xcel Energy Inc to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Capital Reinvestment Ratio of Xcel Energy Inc (1994–2025)
Capital reinvestment ratio of Xcel Energy Inc from 1994 to 2025. This chart tracks Xcel Energy Inc's Capital Reinvestment Ratio across 32 annual periods. See financial flexibility index of Xcel Energy Inc to measure the company's free cash flow as a share of total liabilities.
Xcel Energy Inc Capital Reinvestment Ratio by Year (1994–2025)
Xcel Energy Inc capital reinvestment ratio by year from 1994 to 2025. For the full cash flow conversion analysis, see XEL operating cash flow.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 2.67x | $4.08 Billion | $10.91 Billion | ▲ +68.4% |
| 2024 | 1.59x | $4.64 Billion | $7.36 Billion | ▲ +44.4% |
| 2023 | 1.10x | $5.33 Billion | $5.85 Billion | ▼ -6.8% |
| 2022 | 1.18x | $3.93 Billion | $4.64 Billion | ▼ -39.2% |
| 2021 | 1.94x | $2.19 Billion | $4.24 Billion | ▲ +2.8% |
| 2020 | 1.89x | $2.85 Billion | $5.37 Billion | ▲ +45.6% |
| 2019 | 1.29x | $3.26 Billion | $4.22 Billion | ▲ +2.2% |
| 2018 | 1.27x | $3.12 Billion | $3.96 Billion | ▲ +19.4% |
| 2017 | 1.06x | $3.13 Billion | $3.32 Billion | ▼ -0.5% |
| 2016 | 1.07x | $3.05 Billion | $3.26 Billion | ▼ -12.4% |
| 2015 | 1.22x | $3.03 Billion | $3.68 Billion | ▲ +0.7% |
| 2014 | 1.21x | $2.65 Billion | $3.20 Billion | ▼ -8.0% |
| 2013 | 1.31x | $2.58 Billion | $3.40 Billion | ▲ +2.5% |
| 2012 | 1.28x | $2.00 Billion | $2.57 Billion | ▲ +39.8% |
| 2011 | 0.92x | $2.41 Billion | $2.21 Billion | ▼ -41.1% |
| 2010 | 1.56x | $1.89 Billion | $2.95 Billion | ▲ +67.2% |
| 2009 | 0.93x | $1.92 Billion | $1.79 Billion | ▼ -26.0% |
| 2008 | 1.26x | $1.68 Billion | $2.11 Billion | ▼ -6.8% |
| 2007 | 1.35x | $1.55 Billion | $2.10 Billion | ▲ +60.7% |
| 2006 | 0.84x | $1.94 Billion | $1.63 Billion | ▼ -25.5% |
| 2005 | 1.13x | $1.16 Billion | $1.31 Billion | ▼ -29.0% |
| 2004 | 1.59x | $803.94 Million | $1.28 Billion | ▲ +5087.1% |
| 2003 | 0.03x | $1.38 Billion | $42.29 Million | ▼ -97.7% |
| 2002 | 1.36x | $1.77 Billion | $2.41 Billion | ▼ -59.9% |
| 2001 | 3.39x | $1.58 Billion | $5.37 Billion | ▲ +49.9% |
| 2000 | 2.26x | $1.41 Billion | $3.18 Billion | ▲ +233.1% |
| 1999 | 0.68x | $681.20 Million | $462.10 Million | ▲ +15.9% |
| 1998 | 0.59x | $702.10 Million | $411.10 Million | ▲ +1.8% |
| 1997 | 0.57x | $689.80 Million | $396.60 Million | ▼ -24.1% |
| 1996 | 0.76x | $544.50 Million | $412.50 Million | ▲ +8.4% |
| 1995 | 0.70x | $573.80 Million | $401.00 Million | ▼ -14.5% |
| 1994 | 0.82x | $500.60 Million | $409.30 Million | — |