Q1 25 EPS
$0.84
MISS 8.64%
Est. $0.92
Q1 25 Revenue
$3.91B
MISS 0.67%
Est. $3.93B
vs S&P Since Q1 25
-13.9%
TRAILING MARKET
XEL +17.9% vs S&P +31.8%
Market Reaction
Did XEL Beat Earnings? Q1 2025 Results
Xcel Energy delivered a disappointing first quarter, posting diluted EPS of $0.84 against a consensus estimate of $0.92, an 8.64% miss that marked a step back from the $0.88 earned in the same period a year ago. Revenue rose 7.0% year-over-year to $3… Read more Xcel Energy delivered a disappointing first quarter, posting diluted EPS of $0.84 against a consensus estimate of $0.92, an 8.64% miss that marked a step back from the $0.88 earned in the same period a year ago. Revenue rose 7.0% year-over-year to $3.91 billion, a solid top-line gain that nonetheless fell just short of the $3.93 billion analysts had expected. The culprit behind the earnings shortfall was a surge in costs, with operating and maintenance expenses climbing $81.00 million, depreciation rising $70.00 million, and interest charges adding another $41.00 million, collectively overwhelming the benefit of higher infrastructure investment recoveries. Wildfire liability adds another layer of uncertainty, as the estimated cost tied to the Smokehouse Creek Fire Complex climbed to $290.00 million before insurance proceeds. Despite the soft quarter, management reaffirmed full-year 2025 ongoing EPS guidance of $3.75 to $3.85 per share, underpinned by a long-term EPS growth target of 6%-8%, suggesting confidence in the outlook even as near-term headwinds persist.
Key Takeaways
- • Higher recovery of electric and natural gas infrastructure investments
- • Increased O&M expenses including nuclear generation costs and wildfire mitigation
- • Higher depreciation and amortization from system investments and rate updates
- • Higher interest charges from increased debt levels and higher interest rates
- • Favorable weather impact of $0.036 per share vs prior year
- • Weather-normalized retail electric sales growth of 1.9% (leap-year adjusted)
- • Customer growth across all jurisdictions
XEL YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
XEL Revenue by Segment
With YoY comparisons, source: SEC Filings
“As we continue to advance our mission to make energy work better for our customers, we are building new generation, investing in system resilience and leading the energy transition to meet the goals and aspirations of the communities we serve.”
— Bob Frenzel, Q1 2025 Earnings Press Release
XEL Earnings Trends
XEL vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
XEL EPS Trend
Earnings per share: estimate vs actual
XEL Revenue Trend
Quarterly revenue: estimate vs actual
XEL Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $0.91 | — | $4.02B | — |
| Q4 25 BEAT FY | $0.96 | $0.96 | +0.00% | $3.56B | -4.41% |
| FY Full Year | $3.81 | $3.80 | -0.16% | $14.67B | -1.11% |
| Q3 25 MISS | $1.32 | $1.24 | -5.94% | $3.92B | -0.83% |
| Q2 25 BEAT | $0.65 | $0.75 | +16.28% | $3.29B | +2.39% |
| Q1 25 MISS | $0.92 | $0.84 | -8.64% | $3.91B | -0.67% |