| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 4.0K | 2.9% |
| Total Income | 4.0K | 2.9% |
| Expenditure | 3.3K | 1.2% |
| PBT | 509.00 | 20.6% |
| Net Profit | 556.00 | 15.1% |
| OPM | 18.75% | 1.42pp |
| NPM | 13.83% | 1.46pp |
| EPS | 0.89 | 6.0% |
Xcel Energy Reports Q1 2026 Earnings: GAAP EPS at $0.89
03 May 2026 · 3 May, 6:11 pm
Summary
Xcel Energy reported first quarter 2026 GAAP earnings of $556 million, or $0.89 per share, compared to $483 million, or $0.84 per share in the same period in 2025. Ongoing earnings per share were $0.91 in 2026, compared to $0.84 in 2025. Despite unseasonably warm weather, ongoing earnings reflect increased recovery of electric infrastructure investments and electric sales growth, partially offset by higher financing costs and increased depreciation expense. Xcel Energy reaffirms its 2026 ongoing earnings per share guidance of $4.04 to $4.16.
Key Highlights
- 1
First quarter GAAP earnings per share were $0.89 in 2026, compared to $0.84 in 2025.
- 2
First quarter ongoing earnings per share were $0.91 in 2026, compared to $0.84 in 2025.
- 3
Xcel Energy reaffirms its 2026 ongoing earnings per share guidance of $4.04 to $4.16.
- 4
The company reported first quarter GAAP earnings of $556 million, compared to $483 million in the same period in 2025.
- 5
Ongoing earnings reflect increased recovery of electric infrastructure investments and electric sales growth.
Management Comments
Bob Frenzel
“At Xcel Energy, we continue to make energy work better for our customers and our past quarter showcased our keen focus on execution and delivering on our plans to strengthen and modernize the grid, expand our energy sources, and deploy innovative technologies to ensure that energy remains safe, reliable, and affordable.” “Our data center agreement in the Upper Midwest with Google in the quarter sets a high bar for ongoing community development and investment for data centers – protecting residential bills, advancing sustainability goals, and preserving precious water resources in the local community. Our partnership with Google took a strong step forward in the quarter, and we look forward to advancing more projects in the near future.”
Informational and educational content only. Not investment advice.