Xcel Energy's second quarter 2026 EPS grew 24% to $0.93, beating estimates, while the company reaffirmed its full-year guidance.

Xcel Energy reported second quarter 2026 revenue of $3.12 billion, down from $3.29 billion in the prior year, and GAAP earnings of $0.93 per share, a 24% increase from $0.75 per share in the same period of 2025.

Key Highlights

• Diluted GAAP earnings per share increased 24% to $0.93 for the quarter, up from $0.75 in the second quarter of 2025.
• The company reaffirmed its full-year 2026 ongoing earnings guidance in the range of $4.04 to $4.16 per share.
• The increase in earnings was primarily driven by the recovery of electric infrastructure investments, which was partially offset by higher financing costs and interest charges.