Xcel Energy Inc (XEL)
NASDAQ:XEL
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Earnings Data
Report Date
Jul 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.79Last Year’s EPS
0.75Same Quarter Last Year
Strong Buy
Based on 15 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
Overall the call balances meaningful near-term challenges (regulatory disallowance, wildfire liabilities, weather effects, and higher financing/depreciation pressures) with stronger positives: sequential and year-over-year ongoing earnings growth, aggressive infrastructure investment (>$3B in Q1; $14B plan for 2026), a sizable and actionable data center pipeline highlighted by the Google ESA (1,900 MW + long-duration storage) and JDA with NextEra, substantial tax-credit benefits, proactive financing that already covers over half of five-year equity needs, and reaffirmed guidance and long-term growth targets. Management framed regulatory items as manageable and emphasized execution partnerships to mitigate supply-chain/labor risks.Company Guidance
Ongoing Earnings Growth
Ongoing EPS of $0.91 in Q1 2026 vs $0.84 in Q1 2025 (increase of $0.07 or ~8.3% year-over-year). GAAP EPS was $0.89; ongoing earnings exclude nonrecurring items.
Strong Investment Activity and Large Capital Plan
Invested over $3 billion in new infrastructure in Q1 2026; reaffirmed 2026 capital plan of $14 billion (company's largest). Management has line of sight to $7+ billion of incremental investment within a previously identified $10+ billion upside opportunity.
Data Center Pipeline and Landmark Google Agreement
Announced a 15-year ESA with Google that includes ~1,900 MW of new wind + solar and long-duration (100-hour) iron-air storage; estimated customer savings of $1.0B–$1.5B over the ESA term. Company targets securing 6 GW of data center load by year-end 2027 and is developing initial JDA work with NextEra (initially ~2 GW).
Renewables & Storage Capacity Adds and Tax Credit Benefits
Placed nearly 500 MW of new solar and utility-scale battery storage into service in SPS and Colorado in Q1; projects will deliver ~$425 million of tax-credit benefits to customers over project lives. Company expects >$7 billion aggregate PTC/ITC benefits across its 2026–2030 portfolio.
Sales Growth and Weather-Adjusted Demand
Q1 weather-adjusted electric sales increased 2.8% year-over-year (driven by oil & gas growth in SPS and broader C&I growth). Company expects full-year 2026 weather-adjusted electric sales growth of ~3%.
Financial Guidance and Long-Term Growth Outlook
Reaffirmed 2026 ongoing EPS guidance of $4.04 to $4.16. Management expects 6%–8%+ long-term earnings growth and projects ~9% EPS growth on average through 2030.
Proactive Financing & Balance Sheet Actions
Issued >$1 billion in forward equity contracts (ATM) in Q1 and an $800 million junior subordinated note at the holding company (50% equity credit); these actions, plus unsettled forwards, address over half of the ~$7 billion five-year equity need.
Regulatory and Execution Recognition
Progress on multiple rate cases with several constructive outcomes (e.g., ND revenue increase of $27M; SD settlement for $26M), ALJ recommendation in Minnesota with 9.8% ROE and 52.5% equity ratio (management termed this constructive), and industry recognition (EEI Emergency Recovery Award and World's Most Ethical Company for the 7th year).
Insurance & Claim Resolution Progress
Insurance coverage of $525 million; company has updated low-end estimated liability related to wildfire claims to $460 million and committed ~$397 million in settlement agreements to date, with ongoing progress on hundreds of claims.
XEL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
XEL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2026 | $78.82 | $82.95 | +5.24% |
Feb 05, 2026 | $75.64 | $75.56 | -0.11% |
Oct 30, 2025 | $78.50 | $80.37 | +2.38% |
Jul 31, 2025 | $70.75 | $71.78 | +1.45% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Xcel Energy Inc (XEL) report earnings?
Xcel Energy Inc (XEL) is schdueled to report earning on Jul 23, 2026, Before Open (Confirmed).
What is Xcel Energy Inc (XEL) earnings time?
Xcel Energy Inc (XEL) earnings time is at Jul 23, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is XEL EPS forecast?
XEL EPS forecast for the fiscal quarter 2026 (Q2) is 0.79.