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Xcel Energy Inc (XEL)
NASDAQ:XEL
Earnings Data
Report Date
Apr 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.95Last Year’s EPS
0.84Same Quarter Last Year
Strong Buy
Based on 12 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a broadly positive operational and financial story: 2025 ongoing earnings beat, record capital investment, robust renewables/transmission milestones, expanding data center contracts (now >2 GW with 3 GW by 2026 and 6 GW by 2027 targets), and strategic partnerships (NextEra, GE Vernova) to accelerate execution. Management reaffirmed 2026 guidance and attractive long-term growth. Headwinds include a $300M wildfire charge (impacting GAAP), elevated O&M and insurance costs (+$190M), higher interest and depreciation that reduced EPS, outstanding wildfire liabilities (low-end estimate $430M), and timing risk that much of the data-center-driven sales/capex will flow in the 2029–2030+ timeframe. Regulatory and political timing (rate case outcomes, state elections) also present execution/timing uncertainty. Overall, positives (consistent earnings, large investment pipeline, renewables/transmission wins, data center momentum, strategic alliances) outweigh the manageable lowlights and near-term expense/headwind items.Company Guidance
Ongoing Earnings Beat and Consistency
Ongoing EPS of $3.80 for full-year 2025 vs. $3.50 in 2024 (≈+8.6%), marking the 21st consecutive year of meeting or exceeding initial ongoing earnings guidance. GAAP EPS was $3.42 after a one-time $300M (38¢/share) Marshall Wildfire charge.
Reaffirmed 2026 Guidance and Strong Long-Term Growth Outlook
2026 EPS guidance reaffirmed at $4.04–$4.16. Company expects 6%–8%+ long-term earnings growth and forecasts average 9% EPS growth through 2030.
Sales Growth and Near-Term Load Outlook
Weather-adjusted electric sales rose 2.2% in 2025; company expects 3% weather-adjusted electric sales growth for 2026. Data center contracted capacity >2 GW, with targets of 3 GW by 2026 and 6 GW by 2027 (significant upside to future sales and demand).
Record Capital Investment and Multi-Year Investment Plan
Invested nearly $12 billion in 2025 (largest one-year total). Xcel expects to invest in excess of $60 billion over the next five years and updated the 2026–2030 capital plan to add ~7,000 MW of company-owned renewables, natural gas generation, and storage relative to the prior plan.
Transmission Wins and Incremental Investment Visibility
Awarded over 760 miles of new 765 kV transmission across SPP and MISO, including a new 765 kV in SPP that provides line-of-sight to ~$1.5 billion of additional investment beyond the five-year base plan.
Operational and Project Milestones for Renewables and Reliability
Sherco solar phase two entered commercial operation (phase three expected 2026); 325 MW Rocky Mountain solar placed in service in Colorado; 370 MW of wind repowerings completed with expected $750M in PTC benefits that exceed the investment in those repowerings; Harrington 1,000 MW coal-to-gas conversion completed.
Strategic Partnerships to Accelerate Delivery
Announced strategic alliances with NextEra (co-develop generation, storage, interconnections for data centers) and GE Vernova (support for wind, gas, transmission, distribution, tech). Secured five additional gas CTs from GE Vernova (24 CTs on order across vendors) and safe-harbored equipment for ~20 GW of renewable + storage (protecting tax credits).
Customer Affordability and Community Impact
Maintained some of the lowest residential electric and gas bills nationally; energy assistance programs reached nearly 200,000 customers and provided nearly $200M in funding (highest-ever one-year total). JD Power ranked Xcel in the top quartile for the Midwest; company supported 15 economic development projects projected to create >$7B in capital and ~1,400 jobs.
Claims and Settlement Progress on Marshall Wildfire
Significant progress on wildfire-related claims: company reports $382M committed in settlement agreements and updated the low end of estimated liability to $430M; of 4,000+ plaintiffs only three individual plaintiffs remain not settled or prosecuting.
Financial Discipline and Balance Sheet Health
Management emphasized maintaining a strong balance sheet and credit metrics while funding accretive growth via a balanced mix of debt and equity; reaffirmed ability to fund pipeline and long-term growth.
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 |
|---|---|---|---|
Feb 05, 2026 | $76.20 | $76.12 | -0.10% |
Oct 30, 2025 | $79.08 | $80.97 | +2.38% |
Jul 31, 2025 | $71.28 | $72.31 | +1.45% |
Apr 24, 2025 | $69.87 | $68.64 | -1.76% |
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 Apr 23, 2026, Before Open (Confirmed).
What is Xcel Energy Inc (XEL) earnings time?
Xcel Energy Inc (XEL) earnings time is at Apr 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 (Q1) is 0.95.