Xcel Energy Inc
NASDAQ:XEL

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Xcel Energy Inc
NASDAQ:XEL
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Price: 74.62 USD -1.45% Market Closed
Market Cap: 44.1B USD

Xcel Energy Inc
Investor Relations

Xcel Energy Inc. stands as a significant player in the U.S. energy sector, weaving a complex tapestry of operations that emphasizes both generation and distribution of electrical power and natural gas. Headquartered in Minneapolis, Minnesota, the company serves millions across eight states, strategically positioned in both the northern Midwest and down into the southwestern and western parts of the country. The company operates through several subsidiaries, each managing different geographical segments of its sprawling service territory. From bustling urban environments to sprawling rural landscapes, Xcel Energy ensures that a diverse portfolio of power generation sources—spanning coal, natural gas, hydroelectric, wind, and solar—meets its customers' varied needs.

In recent years, Xcel Energy has embarked on a journey of transformation, echoing broader industry trends towards sustainability and clean energy. The company's revenue model, while traditionally rooted in the steady, regulated income from its provision of essential services, is tilting towards integrating and expanding renewable energy offerings. By investing in wind and solar farms, innovating in energy storage solutions, and modernizing the electrical grid, Xcel Energy is not only aiming to reduce its carbon footprint but also to capture new opportunities that arise from the growing demand for greener energy sources. As the world pivots to address climate change, Xcel Energy seems poised to align its economic strategies with environmentally responsible practices, potentially redefining its growth and revenue paths in the years to come.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 30, 2025
AI Summary
Q3 2025

EPS Guidance Reaffirmed: Xcel Energy reaffirmed its 2025 ongoing earnings guidance range of $3.75 to $3.85 per share and introduced 2026 guidance of $4.04 to $4.16 per share, targeting 8% growth at the midpoint.

Marshall Wildfire Settlement: The company recorded a $290 million nonrecurring charge related to the Marshall wildfire settlement but excluded this from ongoing earnings. All major claims have been settled, and around $500 million of insurance coverage is in place.

Strong Infrastructure Investment: Xcel Energy updated its 5-year capital expenditure plan to $60 billion, supporting 11% annualized rate base growth and significant investments in renewables, natural gas, storage, and transmission.

Data Center and Load Growth: Data center demand continues to drive growth, with a base plan of about 3 gigawatts of data center capacity. Only 3% of expected annual sales growth is data center-driven, with diversification from other customer segments.

Supply Chain Management: Management highlighted proactive supply chain strategies to secure equipment and labor for large-scale projects amid industry-wide constraints.

Dividend Outlook Maintained: Dividend growth guidance remains at 4% to 6%, with payout ratio expected at the low end of the 45% to 55% range to preserve financial flexibility.

AI and Efficiency Initiatives: Xcel Energy is deploying AI tools for risk reduction, operational improvements, and cost efficiency, including wildfire mitigation and infrastructure inspection.

Customer Affordability: Bills for Xcel customers remain among the lowest in the country, with rate and cost increases kept under inflation.

Key Financials
GAAP EPS (Q3 2025)
$0.88
Ongoing EPS (Q3 2025)
$1.24
Ongoing EPS (Q3 2024)
$1.25
Ongoing EPS Guidance (2025)
$3.75–$3.85
Ongoing EPS Guidance (2026)
$4.04–$4.16
Wildfire Settlement Charge
$290 million
Capital Expenditures (5-year plan)
$60 billion
Annualized Rate Base Growth
11%
Electric Sales Growth (YTD 2025)
2.5%
O&M Expense Growth (FY 2025 Forecast)
5%
Dividend Growth Objective
4%–6%
Dividend Payout Ratio Target
45%–55%
Insurance Coverage for Wildfire Claims
$500 million
Settlement Agreements Committed (Wildfire)
$360 million
Estimated Remaining Wildfire Liability (low end)
$410 million
Equity Needs (2026–2030 plan)
$7 billion
Debt Needs (2026–2030 plan)
$23 billion
Earnings Call Recording
Other Earnings Calls

Management

Mr. Robert C. Frenzel
President, CEO & Chairman
No Bio Available
Mr. Brian J. Van Abel
Executive VP, CFO & Principal Accounting Officer
No Bio Available
Mr. Timothy John O'Connor
Executive VP & COO
No Bio Available
Ms. Patricia Correa
Senior VP, Human Resources & Employee Services and Chief Human Resources Officer
No Bio Available
Ms. Amanda J. Rome
Executive VP, Group President of Utilities & Chief Customer Officer
No Bio Available
Mr. Tim Peterson
Senior VP & CTO
No Bio Available
Mr. Paul Andrew Johnson
VP of Treasury & Investor Relations
No Bio Available
Mr. Robert B. Berntsen
Executive VP and Chief Legal & Compliance Officer
No Bio Available
Justin Tomljanovic
Vice President of Corporate Development
No Bio Available
Mr. Jeffrey S. Savage
Senior VP and Chief Audit & Financial Services Officer
No Bio Available

Contacts

Address
MINNESOTA
Minneapolis
414 Nicollet Mall
Contacts
+16123305500.0
www.xcelenergy.com