Skip to content
Optionomics Free · No account needed

Earnings analysis · 10-Q

XEL earnings analysis

Filed April 30, 2026 · Our reading of the company's report

The latest report

Xcel Energy's Q1 2026 results reflect stable earnings with a diluted EPS of $0.89, consistent with the prior year. Though revenue reached $4.021 billion, slightly below expectations, the company maintains confidence in…

Read full summary

Xcel Energy's Q1 2026 results reflect stable earnings with a diluted EPS of $0.89, consistent with the prior year. Though revenue reached $4.021 billion, slightly below expectations, the company maintains confidence in its operational performance as it reaffirms its 2026 EPS guidance of $4.04 to $4.16.

Read the original on SEC.gov

Gross and operating margin

How much of each revenue dollar the business keeps.

66% Gross margin Operating margin Apr 2022 Feb 2026

One point per quarterly or annual filing. Both margins are shares of that report's revenue.

How we read each report

Our analysis across the last few reports.

Read as bullish Read as bearish Apr 2022 Apr 2026

Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.

Reported figures

Earnings per share
$0.89
Segment
Regulated Electric
Segment
Regulated Natural Gas

What stood out

  • Stable Earnings

    Reported diluted EPS of $0.89, up from $0.84 in Q1 2025.

  • Revenue Near Expectations

    Total revenue of $4.021 billion, slightly below the estimated $4.136 billion.

  • Increased Operational Cash Flow

    Operating cash flow rose to $1.697 billion, up from $1.028 billion year-over-year.

  • Segment Revenue Growth

    Regulated electric revenues increased to $2.976 billion, from $2.835 billion in Q1 2025.

  • Declared Dividend Increase

    Xcel Energy declared a quarterly dividend of $0.59 per share, a slight increase from the prior period.

  • Reinforced Financial Stability

    The company's credit facilities provide robust liquidity with $1.66 billion available for future needs.

What to watch

  • Weather Impact

    Sales were negatively impacted by unusually mild weather, reducing EPS by an estimated $0.089.

  • Increased Financing Costs

    Interest charges rose to $372 million, up from $309 million due to higher debt levels and interest rates.

  • Ongoing Legal Liabilities

    Risks from ongoing litigation, particularly related to wildfire claims, could adversely affect financials.

Management's outlook

2026 EPS guidance reaffirmed between $4.04 and $4.16.

Earlier filings 4

10-K · February 25, 2026

Xcel Energy’s 2025 10-K emphasizes its strategy to lead the clean-energy transition while keeping customer bills low, backing that with an aggressive capital plan (notably $60 billion over five years and ~$29 billion…

10-Q · October 30, 2025

Xcel Energy reported Q3 operating revenues of $3,915 million, up $271 million (+7.4%) versus Q3 2024 ($3,644 million), but reported lower operating income and EPS as costs and one‑time charges rose. Operating income…

10-Q · April 24, 2025

Xcel Energy reported Q1 revenue of $3,906 million, up $257 million (7.0%) versus Q1 2024, while diluted EPS was $0.84, down $0.04 from $0.88 a year earlier and below consensus of $0.92. Operating income was $677 million…

10-K · February 27, 2025

Xcel Energy positions itself as a regulated utility leading the clean-energy transition while prioritizing customer affordability and reliability. The 10-K highlights an aggressive capital program (five-year plan of $45…

This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.