Quarterly ResultApr 30, 2026, 04:36 PM
XEL Q1 Net Income +15.1% to $556M; EPS $0.89; $3.26B Debt Issued
AI Summary
Xcel Energy Inc. reported a 15.1% increase in net income to $556 million for Q1 2026, with diluted earnings per share rising to $0.89 from $0.84 in Q1 2025. Total operating revenues grew by 2.9% to $4,021 million. The company also engaged in significant financing activities, including issuing $3.26 billion in long-term debt and entering into a $1.5 billion term loan agreement, with $750 million outstanding.
Key Highlights
- Net income increased 15.1% to $556 million in Q1 2026 from $483 million in Q1 2025.
- Diluted EPS rose to $0.89 in Q1 2026, up from $0.84 in the prior year period.
- Total operating revenues grew 2.9% to $4,021 million for the three months ended March 31, 2026.
- Electric revenues increased 4.97% to $2,976 million, while natural gas revenues decreased 2.37% to $1,030 million.
- Net cash provided by operating activities surged 65.1% to $1,697 million.
- Issued $3.26 billion in long-term debt across Xcel Energy Inc. and its utility subsidiaries.
- Entered a $1.5 billion 364-Day Delayed Draw Term Loan Agreement, with $750 million outstanding.
- Declared common stock dividends of $0.59 per share for Q1 2026, up from $0.57.
Price Impact
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