XELXCEL ENERGY INC
Electric & Other Services Combined
- Revenue
- —
- Operating margin
- —
- EBITDA
- $2.6B
- 8.3% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 13.2×
- $34.1B net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear202% of net incomeCash flow under 80% of net income
- Dilutive SBCClear0% of revenueOver 10% of revenue
- Payouts exceed cash flowClear31% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear—Over 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Operating income | $2.2B | $2.4B | $2.5B | $2.4B | $2.6B | 8.3% |
| Net income | $1.6B | $1.7B | $1.8B | $1.9B | $2.0B | 4.2% |
| Operating cash flow | $2.2B | $3.9B | $5.3B | $4.6B | $4.1B | 12% |
| Capex | $4.2B | $4.6B | $5.9B | $7.4B | $10.9B | 48% |
| Stock-based comp | $31M | $20M | $25M | $33M | $46M | 39% |
| Dividends | $935M | $1.0B | $1.1B | $1.2B | $1.3B | 9.1% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | — | — | 130 | 144 |
| FY2024 | — | — | 114 | 129 |
| FY2023 | — | — | 101 | 108 |
| FY2022 | — | — | 111 | 118 |
| FY2021 | — | — | 104 | 117 |