Xcel Energy Inc (XEL) — Free Cash Flow Generation Index
Xcel Energy Inc (XEL) has a Free Cash Flow Generation Index of -1.68x as of June 2026. Free cash flow of $-1.85 Billion represents -2% of operating cash flow ($1.10 Billion). Explore XEL capital reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Xcel Energy Inc Free Cash Flow Generation Index (1994–2025)
Historical FCF Generation Index trend for Xcel Energy Inc across 32 annual periods. For the full cash flow conversion analysis, see Xcel Energy Inc operating cash flow efficiency.
Annual Free Cash Flow Generation for Xcel Energy Inc (1994–2025)
Year-by-year Free Cash Flow Generation Index for Xcel Energy Inc. Check how aggressively does Xcel Energy Inc reinvest cash to assess the company's total reinvestment commitment from operating cash flow.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | -1.67x | $-6.83 Billion | $4.08 Billion | $10.91 Billion | ▼ -184.9% |
| 2024 | -0.59x | $-2.72 Billion | $4.64 Billion | $7.36 Billion | ▼ -493.1% |
| 2023 | -0.10x | $-527.00 Million | $5.33 Billion | $5.85 Billion | ▲ +44.9% |
| 2022 | -0.18x | $-706.00 Million | $3.93 Billion | $4.64 Billion | ▲ +80.9% |
| 2021 | -0.94x | $-2.06 Billion | $2.19 Billion | $4.24 Billion | ▼ -6.1% |
| 2020 | -0.89x | $-2.52 Billion | $2.85 Billion | $5.37 Billion | ▼ -200.2% |
| 2019 | -0.29x | $-962.00 Million | $3.26 Billion | $4.22 Billion | ▼ -10.2% |
| 2018 | -0.27x | $-835.00 Million | $3.12 Billion | $3.96 Billion | ▼ -333.2% |
| 2017 | -0.06x | $-193.00 Million | $3.13 Billion | $3.32 Billion | ▲ +7.3% |
| 2016 | -0.07x | $-203.25 Million | $3.05 Billion | $3.26 Billion | ▲ +69.4% |
| 2015 | -0.22x | $-657.52 Million | $3.03 Billion | $3.68 Billion | ▼ -4.3% |
| 2014 | -0.21x | $-551.60 Million | $2.65 Billion | $3.20 Billion | ▲ +33.7% |
| 2013 | -0.31x | $-811.29 Million | $2.58 Billion | $3.40 Billion | ▼ -11.3% |
| 2012 | -0.28x | $-565.45 Million | $2.00 Billion | $2.57 Billion | ▼ -439.3% |
| 2011 | 0.08x | $199.96 Million | $2.41 Billion | $2.21 Billion | ▲ +114.9% |
| 2010 | -0.56x | $-1.06 Billion | $1.89 Billion | $2.95 Billion | ▼ -913.0% |
| 2009 | 0.07x | $131.56 Million | $1.92 Billion | $1.79 Billion | ▲ +126.6% |
| 2008 | -0.26x | $-433.73 Million | $1.68 Billion | $2.11 Billion | ▲ +26.2% |
| 2007 | -0.35x | $-543.58 Million | $1.55 Billion | $2.10 Billion | ▼ -319.1% |
| 2006 | 0.16x | $309.45 Million | $1.94 Billion | $1.63 Billion | ▲ +225.3% |
| 2005 | -0.13x | $-148.30 Million | $1.16 Billion | $1.31 Billion | ▲ +78.3% |
| 2004 | -0.59x | $-472.51 Million | $803.94 Million | $1.28 Billion | ▼ -160.6% |
| 2003 | 0.97x | $1.34 Billion | $1.38 Billion | $42.29 Million | ▲ +369.2% |
| 2002 | -0.36x | $-637.74 Million | $1.77 Billion | $2.41 Billion | ▲ +84.9% |
| 2001 | -2.39x | $-3.78 Billion | $1.58 Billion | $5.37 Billion | ▼ -89.5% |
| 2000 | -1.26x | $-1.77 Billion | $1.41 Billion | $3.18 Billion | ▼ -491.7% |
| 1999 | 0.32x | $219.10 Million | $681.20 Million | $462.10 Million | ▼ -22.4% |
| 1998 | 0.41x | $291.00 Million | $702.10 Million | $411.10 Million | ▼ -2.5% |
| 1997 | 0.43x | $293.20 Million | $689.80 Million | $396.60 Million | ▲ +75.3% |
| 1996 | 0.24x | $132.00 Million | $544.50 Million | $412.50 Million | ▼ -19.5% |
| 1995 | 0.30x | $172.80 Million | $573.80 Million | $401.00 Million | ▲ +65.1% |
| 1994 | 0.18x | $91.30 Million | $500.60 Million | $409.30 Million | — |