
XEL's Q2 earnings are expected to have risen on stronger demand, new rates and grid investments, though higher financing costs may have tempered growth.
Xcel Energy Inc. is a utility holding company based in Minneapolis, Minnesota, serving more than 3.7 million electric customers and 2.1 million natural gas customers in Minnesota, Michigan, Wisconsin, North Dakota, South Dakota, Colorado, Texas, and New Mexico as of 2019. It consists of four operating subsidiaries: Northern States Power-Minnesota, Northern States Power-Wisconsin, Public Service Company of Colorado, and Southwestern Public Service Co.
| Revenue (TTM) | $14.78B |
| Gross Profit (TTM) | $6.79B |
| EBITDA | $6.06B |
| Operating Margin | 18.20% |
| Return on Equity | 9.59% |
| Return on Assets | 2.34% |
| Revenue/Share (TTM) | $24.67 |
| Book Value | $38.14 |
| Price-to-Book | 2.12 |
| Price-to-Sales (TTM) | 3.39 |
| EV/Revenue | 5.94 |
| EV/EBITDA | 13.77 |
| Quarterly Earnings Growth (YoY) | 6.00% |
| Quarterly Revenue Growth (YoY) | 2.90% |
| Shares Outstanding | $624.27M |
| Float | $622.64M |
| % Insiders | 0.20% |
| % Institutions | 96.38% |
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XEL's Q2 earnings are expected to have risen on stronger demand, new rates and grid investments, though higher financing costs may have tempered growth.

Xcel (XEL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Xcel Energy TodayXELXcel Energy$82.47 +0.72 (+0.88%) As of 10:35 AM Eastern This is a fair market value price provided by Massive. Learn more.52-Week Range$66.56▼$84.23Dividend Yield2.87%P/E Ratio23.80Price Target$91.06Add to WatchlistXcel Energy NASDAQ: XEL is dependable, predictable, and steady.

ETR and XEL are compared on earnings growth, ROE, dividends, capital spending and share performance as utility demand continues to rise.

Xcel Energy (XEL) is well-positioned to benefit from surging U.S. electrical demand, driven by data centers, industrial growth, and electrification trends. XEL's $60 billion capex plan (2026–2030) targets 11% annual rate base growth, supporting a projected 9.6% annual EPS growth through 2028. Trading at a forward PE of 19.3, XEL is seen as a quality utility at a fair price, with 20% upside potential by 2027 and 11% annual returns through 2031.

The largest U.S. utility is about to buy Dominion Energy, a big peer with data-center exposure. What's not to like?

MINNEAPOLIS--(BUSINESS WIRE)--Xcel Energy (NASDAQ: XEL) is strengthening its energy grid with new electric generation and infrastructure to adapt to a rapidly evolving energy landscape, the company announced today in its 21st annual Sustainability Report. Xcel Energy's investments in a diverse and increasingly carbon-free energy portfolio aim to deliver reliable, low-cost energy service for all of its customers during a time of significant growth in demand from data centers, vehicle charging, e.

DENVER, Colo., May 21, 2026 (GLOBE NEWSWIRE) -- The National Forest Foundation (NFF) and Xcel Energy today announced a new partnership to support proactive wildfire mitigation and forest restoration projects across Colorado. The collaboration will focus on targeted fuels reduction efforts designed to protect communities, watersheds, and critical energy infrastructure from increasingly severe wildfires. As wildfire frequency and intensity continue to rise across the West, fuels reduction and active forest management have become essential tools for protecting both people and infrastructure. Through this partnership, NFF and Xcel Energy will identify and treat high-risk forest landscapes near communities, transmission corridors, and critical water resources. “The National Forest Foundation is honored to partner with Xcel Energy on proactive wildfire mitigation efforts across Colorado,” said Dieter Fenkart-Froeschl, President and CEO of the National Forest Foundation. “As the state faces more frequent and intense wildfire seasons, investing in healthy forests and strategic fuel reduction is essential to protecting communities, watersheds, infrastructure, and the landscapes Coloradans depend on every day. Investing in active management is one of the greatest gifts we can give current and future generations. It means safer forests, healthier landscapes, and stronger resilience to wildfire.” “We have served customers and communities in Colorado for generations and fully understand the destructive power of wildfire,” said Hollie Velasquez Horvath, Vice President of Xcel Energy Colorado. “Our partnership with the National Forest Foundation to conduct fuel reduction and forest health projects in higher-risk regions will help protect the communities we serve, along with the infrastructure that reliably delivers power to them.” Together, the National Forest Foundation and Xcel Energy are advancing a long-term commitment to healthier forests, safer communities, and greater wildfire resilience across Colorado. The partnership's initial investments will support two priority projects in south-central Colorado: the Rampart Range Road Fuel Break Project and the Clear Creek Reservoir Hazardous Fuels Project. Near Woodland Park and Colorado Springs, the Rampart Range Road Fuel Break Project will establish a strategic fuel break along a heavily used recreation corridor within one of the most wildfire-prone areas of Colorado's Front Range. The project area includes Xcel Energy transmission infrastructure and forests heavily impacted by mountain pine beetle infestation and hazardous fuel accumulation. In Chaffee County, the Clear Creek Reservoir Hazardous Fuels Project will treat 235 acres near a critical water storage facility feeding the Upper Arkansas River. The project will help protect downstream water supplies, campground infrastructure, and nearby communities through selective tree removal and fuels reduction treatments. Additional project partners include Pueblo Water, Aurora Water, the Bureau of Land Management, and the Colorado State Forest Service. About the National Forest Foundation The National Forest Foundation (NFF) believes in a world where caring for forests is second nature. As the official nonprofit partner of the U.S. Forest Service, the NFF works to reduce wildfire risk, restore land and watersheds, and improve recreation access across America's 193 million acres of National Forests and Grasslands. The NFF's work is national in scope, local in practice, and generational in impact. About Xcel Energy Xcel Energy (NASDAQ: XEL) is a leading energy provider, dedicated to serving millions of customers with excellence. We make energy work better for customers, helping them thrive every day. That means always raising the bar — delivering better service and providing more reliable, resilient and sustainable energy. Media Contact Catherine Cody National Forest Foundation214.676.9063 ccody@nationalforests.org

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Xcel Energy Inc. (XEL) Q1 2026 Earnings Call Transcript
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