Q1 2026 Xcel Energy Inc Earnings Call Transcript
Key Points
- Xcel Energy Inc (XEL) reported strong ongoing earnings of $0.91 per share for the first quarter of 2026, up from $0.84 per share in 2025.
- The company invested over $3 billion in new infrastructure to support growing energy needs, marking the most extensive capital investment plan in its history.
- Xcel Energy Inc (XEL) announced a significant agreement with Google for a new data center, expected to save customers $1 billion to $1.5 billion over the term of the ESA.
- The company has line of sight to $7 billion of the $10 billion incremental investment opportunities identified last year.
- Xcel Energy Inc (XEL) maintains a strong balance sheet, having addressed over half of its $7 billion equity need in its five-year base plan.
- Xcel Energy Inc (XEL) recorded a charge of $37 million due to a disallowance of replacement power costs related to an extended outage at the Prairie Island plant.
- Higher interest charges and common equity financing decreased earnings by $0.18 per share, reflecting funding of infrastructure investments.
- The company faced higher depreciation and amortization expenses, decreasing earnings by $0.05 per share.
- Colorado experienced its warmest winter on record, reducing earnings by $0.09 per share due to weather impacts on electric and natural gas sales.
- Xcel Energy Inc (XEL) is still working through settlements related to the Smokehouse Creek wildfire claims, with a low-end estimated liability of $460 million.
Hello, and welcome to the Xcel Energy 2026 first-quarter earnings conference call. My name is Jordan, and I'll be your coordinator for today's event. Please note, this conference is being recorded. (Operator Instructions) Reporters can contact media relations with inquiries and individual investors and others can reach out to Investor Relations.
I will now turn the call over to your host today, Mr. Roopesh Aggarwal, Vice President, Investor Relations, to begin the conference. Please go ahead, sir.
Thank you, Jordan. Good morning, and welcome to Xcel Energy's 2026 first quarter earnings call. Joining me today are Bob Frenzel, Chairman, President and Chief Executive Officer; and Brian Van Abel, Executive Vice President and Chief Financial Officer. In addition, we have other members of the management team in the room to answer your questions if needed.
This morning, we will review our 2026 first quarter results and highlights, provide updated 2026 assumptions and share
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
