Xcel Energy Inc (XEL) stock
XELNasdaqElectric & Other Services CombinedFiscal year ends December 31Also trades as XELLL
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 29, 2026Score 10/308% above fair value
$79.82+0.78 (+0.99%)
Close on Oct 30, 2026Market cap $49.86BP/E 18.6Yield 2.86%
Earnings
Xcel Energy's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.
Next report
Feb 4, 2027
Q4 FY2026 · estimated, after the close
Revenue, Q3 FY2026
$4.17B
+6.6% on a year earlier
ongoing earnings per share, Q3 FY2026
$1.52
$1.24 a year earlier
Latest guidance
Issued
Oct 28, 2026 · 2 items
Quarterly results
Revenue and earnings per share from each of Xcel Energy's earnings releases, newest first
| Quarter | Reported | Revenue | YoY | EPS | Adj. EPS | Source |
|---|---|---|---|---|---|---|
| Q4 FY2026ended Dec 31, 2026 | Feb 4, 2027Expected | – | – | – | – | – |
| Q3 FY2026ended Sep 30, 2026 | Oct 29, 2026after the close | $4.17B | +6.6% | $1.52 | $1.52 | Release |
| Q2 FY2026ended Jun 30, 2026 | Jul 30, 2026after the close | $3.12B | -5.1% | $0.93 | $0.93 | Release |
| Q1 FY2026ended Mar 31, 2026 | Apr 30, 2026after the close | $4.02B | +2.9% | $0.89 | $0.91 | Release |
| Q4 FY2025ended Dec 31, 2025 | Feb 5, 2026after the close | $3.56B | +14.1% | $0.95 | $0.96 | Release |
| Q3 FY2025ended Sep 30, 2025 | Oct 30, 2025after the close | $3.92B | +7.4% | $0.88 | $1.24 | Release |
| Q2 FY2025ended Jun 30, 2025 | Jul 31, 2025after the close | $3.29B | +8.6% | $0.75 | $0.75 | Release |
| Q1 FY2025ended Mar 31, 2025 | Apr 24, 2025after the close | $3.91B | +7.0% | $0.84 | $0.84 | Release |
| Q4 FY2024ended Dec 31, 2024 | Feb 6, 2025after the close | $3.12B | -9.4% | $0.81 | – | Release |
| Q3 FY2024ended Sep 30, 2024 | Oct 31, 2024after the close | $3.64B | -0.5% | $1.21 | $1.25 | Release |
| Q2 FY2024ended Jun 30, 2024 | Aug 1, 2024after the close | $3.03B | +0.2% | $0.54 | $0.54 | Release |
| Q1 FY2024ended Mar 31, 2024 | Apr 25, 2024after the close | $3.65B | -10.6% | $0.88 | $0.88 | Release |
| Q4 FY2023ended Dec 31, 2023 | Jan 25, 2024after the close | $3.44B | -15.1% | $0.74 | $0.83 | Release |
| Q3 FY2023ended Sep 30, 2023 | Oct 27, 2023after the close | $3.66B | -10.3% | $1.19 | $1.23 | Release |
| Q2 FY2023ended Jun 30, 2023 | Jul 27, 2023after the close | $3.02B | -11.7% | $0.52 | $0.52 | Release |
| Q1 FY2023ended Mar 31, 2023 | Apr 27, 2023after the close | $4.08B | +8.8% | $0.76 | $0.76 | Release |
| Q4 FY2022ended Dec 31, 2022 | Jan 26, 2023after the close | $4.05B | +20.8% | $0.69 | $0.69 | Release |
| Q3 FY2022ended Sep 30, 2022 | Oct 27, 2022after the close | $4.08B | – | $1.18 | $1.18 | Release |
| Q2 FY2022ended Jun 30, 2022 | Jul 28, 2022after the close | $3.42B | – | $0.60 | $0.60 | Release |
| Q1 FY2022ended Mar 31, 2022 | Apr 28, 2022after the close | $3.75B | – | $0.70 | $0.70 | Release |
| Q4 FY2021ended Dec 31, 2021 | Jan 27, 2022after the close | $3.36B | – | $0.58 | $0.58 | Release |
| Q2 FY2021ended Jun 30, 2021 | Jul 29, 2021after the close | – | – | – | – | Filing |
| Q1 FY2021ended Mar 31, 2021 | Apr 29, 2021after the close | – | – | – | – | Filing |
| Q4 FY2020ended Dec 31, 2020 | Jan 28, 2021after the close | – | – | – | – | Filing |
| Q3 FY2020ended Sep 30, 2020 | Oct 29, 2020after the close | – | – | – | – | Filing |
| Q2 FY2020ended Jun 30, 2020 | Jul 30, 2020after the close | – | – | – | – | Filing |
Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.
Current guidance
Xcel Energy's latest outlook for periods it has not reported yet, compared with what it said before
| Metric | Period | Guidance | Before | Change | Given |
|---|---|---|---|---|---|
| ongoing earnings per sharenon-GAAP | FY2026 | $4.10 – $4.16 | – | New | Oct 28, 2026 |
| ongoing earnings per sharenon-GAAP | FY2026 | $4.04 – $4.16 | $4.04 – $4.16 | Reaffirmed | Jul 29, 2026 |
| Total base capital expenditures | FY2026 | $9.84B | – | New | Feb 5, 2025 |
| ongoing earnings per sharenon-GAAP | FY2027 | $4.48 – $4.62 | – | New | Oct 28, 2026 |
| Total base capital expenditures | FY2027 | $8.75B | – | New | Feb 5, 2025 |
| Total base capital expenditures | FY2028 | $7.57B | – | New | Feb 5, 2025 |
| Total base capital expenditures | FY2029 | $7.84B | – | New | Feb 5, 2025 |
Guidance vs results
The last range Xcel Energy gave before each report, against the figure it then reported. Full years add up the four quarters.
| Period | Metric | Guidance | Actual | Result |
|---|---|---|---|---|
| FY2025 | ongoing earnings per share | $3.75 – $3.85 | $3.79Σ4Q | Within range |
| FY2025 | Revenue | $255.00M – $265.00M | $14.67BΣ4Q | Above range |
Guidance history
Every forecast Xcel Energy put in an earnings release, newest first
| Given | Metric | Period | Guidance | Change |
|---|---|---|---|---|
| Oct 28, 2026 | ongoing earnings per share | FY2026 | $4.10 – $4.16 | New |
| Oct 28, 2026 | ongoing earnings per share | FY2027 | $4.48 – $4.62 | New |
| Jul 29, 2026 | ongoing earnings per share | FY2026 | $4.04 – $4.16 | Reaffirmed |
| Apr 29, 2026 | ongoing earnings per share guidance | FY2026 | $4.04 – $4.16 | Reaffirmed |
| Feb 4, 2026 | ongoing earnings | FY2026 | $4.04 – $4.16 | Reaffirmed |
| Oct 29, 2025 | earnings per share growth | long-term annual | +6% – +8% | – |
| Oct 29, 2025 | ongoing earnings per share | FY2025 | $3.75 – $3.85 | Reaffirmed |
| Oct 29, 2025 | ongoing earnings per share | FY2026 | $4.04 – $4.16 | New |
| Oct 29, 2025 | Depreciation expense | FY2025 | $220.00M – $230.00M | New |
| Oct 29, 2025 | O&M expenses | FY2025 | +5% | Raised |
| Oct 29, 2025 | Weather-normalized retail electric sales | FY2025 | +3% | New |
| Oct 29, 2025 | Property taxes | FY2025 | $45.00M – $55.00M | Lowered |
| Oct 29, 2025 | Interest expense (net of AFUDC - debt) | FY2025 | $180.00M – $190.00M | Raised |
| Oct 29, 2025 | AFUDC - equity | FY2025 | $110.00M – $120.00M | Lowered |
| Oct 29, 2025 | dividend growth | long-term annual | +4% – +6% | – |
| Oct 29, 2025 | Capital rider revenue | FY2025 | $255.00M – $265.00M | New |
| Jul 30, 2025 | ongoing earnings per share guidance | FY2025 | $3.75 – $3.85 | New |
| Apr 23, 2025 | ongoing EPS guidance | FY2025 | $3.75 – $3.85 | Reaffirmed |
| Apr 23, 2025 | AFUDC - equity | FY2025 | $110.00M – $120.00M | Lowered |
| Apr 23, 2025 | Interest expense (net of AFUDC - debt) | FY2025 | $165.00M – $175.00M | Raised |
| Apr 23, 2025 | Property taxes | FY2025 | $45.00M – $55.00M | Lowered |
| Apr 23, 2025 | Depreciation expense | FY2025 | $210.00M – $220.00M | New |
| Apr 23, 2025 | O&M expenses | FY2025 | +3% | Raised |
| Apr 23, 2025 | Weather-normalized retail firm natural gas sales | FY2025 | +1% | Lowered |
| Apr 23, 2025 | Weather-normalized retail electric sales | FY2025 | +3% | Reaffirmed |
| Apr 23, 2025 | Capital rider revenue | FY2025 | $200.00M – $210.00M | Lowered |
| Feb 5, 2025 | Total base capital expenditures | FY2025 | $11.00B | New |
| Feb 5, 2025 | Total base capital expenditures | FY2026 | $9.84B | New |
| Feb 5, 2025 | Total base capital expenditures | FY2027 | $8.75B | New |
| Feb 5, 2025 | Total base capital expenditures | FY2028 | $7.57B | New |
| Feb 5, 2025 | Total base capital expenditures | FY2029 | $7.84B | New |
| Feb 5, 2025 | ongoing earnings guidance | FY2025 | $3.75 – $3.85 | Reaffirmed |
| Feb 5, 2025 | Weather-normalized retail electric sales | FY2025 | +3% | New |
| Feb 5, 2025 | Weather-normalized retail firm natural gas sales | FY2025 | +1% | Lowered |
| Feb 5, 2025 | O&M expenses | FY2025 | +3% | Raised |
| Feb 5, 2025 | Capital rider revenue | FY2025 | $260.00M – $270.00M | New |
| Oct 30, 2024 | ongoing EPS | FY2024 | $3.50 – $3.60 | Reaffirmed |
| Oct 30, 2024 | ongoing EPS | FY2025 | $3.75 – $3.85 | New |
| Jul 31, 2024 | ongoing earnings guidance | FY2024 | $3.50 – $3.60 | Reaffirmed |
| Apr 24, 2024 | ongoing earnings guidance | FY2024 | $3.50 – $3.60 | Reaffirmed |
| Jan 24, 2024 | ongoing earnings | FY2024 | $3.50 – $3.60 | Reaffirmed |
| Oct 26, 2023 | ongoing EPS guidance | FY2023 | $3.32 – $3.37 | Narrowed |
| Oct 26, 2023 | EPS guidance | FY2024 | $3.50 – $3.60 | New |
| Jul 26, 2023 | GAAP and ongoing earnings guidance | FY2023 | $3.30 – $3.40 | Reaffirmed |
| Jul 26, 2023 | GAAP and ongoing earnings guidance | FY2023 | $3.30 – $3.40 | Reaffirmed |
| Apr 26, 2023 | GAAP and ongoing earnings guidance | FY2023 | $3.30 – $3.40 | Reaffirmed |
| Apr 26, 2023 | GAAP and ongoing earnings guidance | FY2023 | $3.30 – $3.40 | Reaffirmed |
| Jan 25, 2023 | GAAP and ongoing earnings guidance | FY2023 | $3.30 – $3.40 | Reaffirmed |
| Jan 25, 2023 | GAAP and ongoing earnings guidance | FY2023 | $3.30 – $3.40 | Reaffirmed |
| Oct 26, 2022 | GAAP and ongoing earnings guidance | FY2023 | $3.30 – $3.40 | New |
| Oct 26, 2022 | GAAP and ongoing earnings guidance | FY2022 | $3.14 – $3.19 | Narrowed |
| Oct 26, 2022 | GAAP and ongoing earnings guidance | FY2023 | $3.30 – $3.40 | New |
| Oct 26, 2022 | GAAP and ongoing earnings guidance | FY2022 | $3.14 – $3.19 | Narrowed |
| Jul 27, 2022 | ongoing earnings guidance | FY2022 | $3.10 – $3.20 | Reaffirmed |
| Jul 27, 2022 | GAAP earnings guidance | FY2022 | $3.10 – $3.20 | Reaffirmed |
| Apr 27, 2022 | GAAP and ongoing earnings guidance | FY2022 | $3.10 – $3.20 | Reaffirmed |
| Apr 27, 2022 | GAAP and ongoing earnings guidance | FY2022 | $3.10 – $3.20 | Reaffirmed |
| Jan 26, 2022 | GAAP and ongoing earnings guidance | FY2022 | $3.10 – $3.20 | New |
| Jan 26, 2022 | GAAP and ongoing earnings guidance | FY2022 | $3.10 – $3.20 | New |
Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.
Press releases
Releases Xcel Energy filed with the SEC as exhibits to Form 8-K or 6-K
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