The earnings call reflects a generally positive outlook with strong earnings performance, significant infrastructure investments, and progress in wildfire mitigation and data center growth. However, challenges such as higher interest charges, increased depreciation, and the pending Marshall Fire trial pose potential concerns.

Company Guidance

During the second quarter of 2025, Xcel Energy delivered strong financial performance with earnings of $0.75 per share, up from $0.54 per share in the second quarter of 2024. The company made substantial investments totaling $2.6 billion in energy infrastructure to enhance reliability and safety, including efforts to mitigate wildfire risks. Xcel Energy expects to meet its earnings guidance for the 21st consecutive year, maintaining long-term growth in the upper half of its 6-8% target range. The company anticipates an additional $15 billion in capital investment beyond its initial $45 billion five-year plan, driven by increased energy demand and infrastructure needs, especially in regions like Texas, New Mexico, and Minnesota. These investments include substantial generation and transmission projects, with a focus on clean energy resources such as wind, solar, and natural gas. Despite regulatory considerations and evolving energy policies, Xcel remains confident in its ability to deliver value to customers and investors, reaffirming its 2025 earnings guidance of $3.75 to $3.85 per share.

Strong Earnings Performance

Xcel Energy delivered earnings of $0.75 per share for Q2 2025 compared to $0.54 per share in Q2 2024. This was driven by higher revenue from electric and natural gas service and increased AFUDC.

Increased Infrastructure Investment

Xcel Energy invested $2.6 billion in resilient and reliable energy infrastructure. The company anticipates needing an additional $15 billion in capital investment to meet customer needs over the next five years.

Wildfire Mitigation Progress

The Colorado PUC approved a $1.9 billion Wildfire Mitigation Plan, and the Texas Commission approved a $500 million system resiliency plan.

Data Center Growth

Xcel Energy is progressing with its data center pipeline, having 1.1 gigawatts under construction and under contract, with plans to reach 2.5 gigawatts by 2030.

Xcel Energy (XEL) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

XEL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 23, 2025	2025 (Q3)	1.37 / -	1.25	―	―	―
Jul 31, 2025	2025 (Q2)	0.65 / 0.75	0.54	38.89% (+0.21)
Apr 24, 2025	2025 (Q1)	0.92 / 0.84	0.88	-4.55% (-0.04)
Feb 06, 2025	2024 (Q4)	0.88 / 0.81	0.83	-2.41% (-0.02)
Oct 31, 2024	2024 (Q3)	1.26 / 1.25	1.23	1.63% (+0.02)
Aug 01, 2024	2024 (Q2)	0.57 / 0.54	0.52	3.85% (+0.02)
Apr 25, 2024	2024 (Q1)	0.78 / 0.88	0.76	15.79% (+0.12)
Jan 25, 2024	2023 (Q4)	0.85 / 0.83	0.69	20.29% (+0.14)
Oct 27, 2023	2023 (Q3)	1.26 / 1.23	1.18	4.24% (+0.05)
Jul 27, 2023	2023 (Q2)	0.56 / 0.52	0.6	-13.33% (-0.08)

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
Jul 31, 2025	$72.39	$73.44	+1.45%
Apr 24, 2025	$70.96	$69.71	-1.76%
Feb 06, 2025	$66.83	$66.01	-1.23%
Oct 31, 2024	$61.50	$65.17	+5.97%

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 Oct 23, 2025, Before Open (Confirmed).

What is Xcel Energy Inc (XEL) earnings time?

Xcel Energy Inc (XEL) earnings time is at Oct 23, 2025, 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 2025 (Q3) is 1.37.

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