Quarterly ResultJul 30, 2026, 06:07 AM
Xcel Energy Q2 EPS $0.93, Up 24%; Reaffirms 2026 Guidance
AI Summary
Xcel Energy reported strong second-quarter 2026 results with diluted GAAP and ongoing earnings per share of $0.93, a 24% increase from $0.75 in Q2 2025. Net income rose to $586 million from $444 million year-over-year. The company reaffirmed its 2026 ongoing EPS guidance of $4.04 to $4.16, driven by increased recovery of electric infrastructure investments. Xcel Energy also provided updates on several ongoing regulatory rate cases and resource acquisition plans across its subsidiaries, alongside details on wildfire litigation.
Key Highlights
- Q2 2026 diluted GAAP and ongoing EPS increased to $0.93 from $0.75 in Q2 2025.
- Q2 2026 GAAP earnings rose to $586 million from $444 million in Q2 2025.
- Reaffirmed 2026 ongoing EPS guidance of $4.04 to $4.16.
- Total debt was $39,457 million (62% of capitalization) as of June 30, 2026.
- $4,694 million in liquidity available as of July 28, 2026.
- Issued $800 million junior subordinated notes and $3.95 billion in first mortgage bonds in 2026.
- MPUC verbally decided on a $211 million rate increase for NSP-Minnesota.
- MPUC ordered a $41 million disallowance for Prairie Island outage costs.
Price Impact
More from XEL