Xcel Energy Reports Q2 Earnings, Outlines Growth Strategy
Xcel Energy (XEL) reported second-quarter earnings per share of $0.93 for the quarter ended June 30, 2026, up from $0.75 in the prior year due to higher electric revenues and AFUDC contributions. The company reaffirmed its full-year guidance at $4.04 to $4.16 per share, reflecting confidence in meeting targets for a record 22nd consecutive year. Xcel Energy is investing heavily across infrastructure with $3 billion spent in Q2 alone and $6 billion year-to-date on generation, transmission, and distribution projects. The company also outlined its five-year investment plan of $70–$70+ billion through 2030, including an additional $10–$13 billion from incremental opportunities.
Tickers: $XEL
Topics: capital expenditures data centers electric utilities renewable energy