Xcel Energy Inc. (XEL) Earnings Call Transcripts

Xcel Energy Inc.'s Latest Earnings Call - Q2 FY2026

In the second quarter of 2026, Xcel Energy Inc. reported earnings of $0.93 per share, a significant increase from $0.75 per share in the same quarter last year. The company achieved revenue growth driven by higher electric revenues and effective regulatory execution, reaffirming its ongoing EPS guidance range of $4.04 to $4.16 for the year. Management highlighted a robust capital investment pipeline, now exceeding $10 billion, which positions the company for continued growth and operational excellence in the clean energy sector.

Reported metrics

Guidance from management

Xcel Energy reaffirmed its ongoing EPS guidance range of $4.04 to $4.16 for 2026, indicating confidence in achieving 6-8% long-term earnings growth with additional opportunities expected beyond the base plan.

What management said

Yes. So that should be a fourth quarter update by end of year. So we'll certainly -- just depending on the timing of that, whether it makes it into our Q3 plan or not, but we'll certainly provide visibility when we make that recommendation filing to the commission. So we'll work through that and just be very explicit about kind of where it sits in our Q3 plan, but it might be a little bit early in terms of the Q3 cal...

Yes. And Julien, just Bob hit it well is our growth, the RFPs that we just had in SPS, that's really there to serve the oil and gas growth in the Permian Basin. And so when we think about what Bob said in his opening comments, we really have a diversified growth plan. We are just not anchored on data center growth. Our base plan has very little data center growth baked into it. So that is all potential upside is how ...

What analysts pressed on

Analysts expressed concerns regarding the impact of rising interest expenses and common equity financing on future earnings. There were also questions about the sustainability of growth rates given the regulatory environment and competitive pressures in the energy sector.

Main topics on the call

• Strong Earnings Performance — Xcel Energy reported earnings of $0.93 per share for Q2 2026, up from $0.75 per share in Q2 2025, driven by higher electric revenues and reduced depreciation costs. Management stated, "We remain confident in our ability ...
• Robust Capital Investment Pipeline — The company has identified over $10 billion in capital investment opportunities, significantly increasing from previous estimates. Management noted, "We now have line of sight to the $70-plus billion of total investments...
• Regulatory Execution Success — Xcel Energy successfully advanced settlements in six active rate cases, maintaining customer bill growth at or below inflation. Management emphasized, "We have a formula for major project execution that combined strategi...
• Data Center Demand Growth — Management highlighted a strong pipeline for data center load, expecting to secure an additional 4 gigawatts by year-end 2027. They stated, "We have 1 gigawatt of data centers in operation or under construction, an addit...

Read the full Xcel Energy Inc. transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 29 Xcel Energy Inc. earnings call transcripts on record, spanning January 30, 2020 to July 30, 2026. Based on this history, Xcel Energy Inc. reports quarterly. The most recent call on file is dated July 30, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

XEL

Exchange

NasdaqGS

Country

US

Sector

Utilities

Industry

Electric Utilities

Calls on record

29

First call

January 30, 2020

Most recent

July 30, 2026

Reporting cadence

quarterly