XEL Q3 2025

Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025

Earnings

Xcel Energy delivered a disappointing third quarter, missing on both the top and bottom lines as a major wildfire litigation settlement weighed heavily on results. The Minneapolis-based utility posted non-GAAP ongoing diluted EPS of $1.24, falling sh… Read more Xcel Energy delivered a disappointing third quarter, missing on both the top and bottom lines as a major wildfire litigation settlement weighed heavily on results. The Minneapolis-based utility posted non-GAAP ongoing diluted EPS of $1.24, falling short of the $1.32 consensus estimate by 5.94%, while revenue of $3.92 billion trailed expectations by 0.83%, despite rising 7.4% year over year from $3.64 billion. The defining event of the quarter was a $287 million non-recurring charge tied to the Marshall Wildfire litigation settlement, which pushed GAAP diluted EPS down sharply to $0.88 from $1.21 a year ago, even as the ongoing figure held nearly flat against $1.25 in the prior-year period. Higher depreciation, interest charges, and operating expenses further pressured margins. Looking ahead, management reaffirmed its 2025 ongoing EPS guidance of $3.75 to $3.85 and initiated 2026 guidance of $4.04 to $4.16, underpinned by a newly unveiled $60 billion five-year capital plan targeting transmission, renewables, and grid infrastructure. Wall Street analysts broadly maintain a bullish stance on the stock despite the quarterly shortfall.