Quarterly ResultJul 30, 2026, 03:12 PM
Xcel Energy Q2 Net Income $586M, Diluted EPS $0.93
AI Summary
Xcel Energy reported a significant increase in net income and diluted EPS for the second quarter and first half of 2026, despite a decrease in total operating revenues. The company engaged in substantial financing activities, issuing $4.65 billion in long-term debt and entering a $1.5 billion term loan, alongside significant capital expenditures of $5.97 billion. The quarter also saw a $3 million expense related to Marshall Wildfire litigation.
Key Highlights
- Net income for Q2 2026 increased to $586 million from $444 million year-over-year.
- Diluted EPS for Q2 2026 rose to $0.93 from $0.75 year-over-year.
- Total operating revenues for Q2 2026 decreased to $3.12 billion from $3.29 billion year-over-year.
- Issued $4.65 billion in aggregate principal amount of long-term debt across subsidiaries in H1 2026.
- Entered a $1.5 billion, 364-Day Delayed Draw Term Loan Agreement in January 2026.
- Capital/construction expenditures totaled $5.97 billion for the six months ended June 30, 2026.
- Marshall Wildfire litigation resulted in a $3 million expense for Q2 2026.
- Filed prospectus supplements for up to $4.3 billion in common stock sales via ATM programs.
Price Impact
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