Xcel Energy Q3 revenue jumps 6.6% to $4.17B as EPS beats forecasts
Key points
- Xcel Energy (NASDAQ:XEL) reported third-quarter 2026 ongoing EPS of $1.52, up from $1.24 a year earlier and above analyst estimates of $1.37–$1.39.
- Revenue rose 6.6% year over year to $4.17 billion, while GAAP net income reached $960 million.
- Xcel narrowed its 2026 ongoing EPS outlook to $4.10–$4.16 and introduced 2027 guidance of $4.48–$4.62 per share.
Xcel Energy (NASDAQ:XEL) reported third-quarter 2026 revenue of $4.17 billion and ongoing earnings per share of $1.52, exceeding analyst expectations and raising its full-year earnings outlook.
Revenue increased 6.6% from $3.92 billion a year earlier, while ongoing EPS rose from $1.24 to $1.52, beating analyst estimates of $1.37–$1.39.
GAAP net income reached $960 million, while ongoing net income totaled $961 million, reflecting higher earnings from the company's operations.
Results benefited from increased recovery of electric infrastructure investments, higher allowance for funds used during construction and warm weather, partly offset by higher financing costs and operating and maintenance expenses.
Following the announcement, Xcel Energy shares reportedly rose approximately 2%.
Xcel narrowed its 2026 ongoing EPS guidance to $4.10–$4.16 and introduced a 2027 forecast of $4.48–$4.62 per share.
The company targets annual earnings growth of 6% to more than 8% and annual dividend growth of 4%–6%, according to its stated long-term objectives.
Frequently asked questions
More from United States
RBI posts $2.53 billion in Q3 revenue as EPS gains
Caterpillar records 17% Q3 revenue growth to $20.7B
Norwegian Cruise Line Q3 revenue totals $2.9B as profit reaches $491M
Silgan Q3 results mixed as adjusted EPS beats and revenue misses
CRH revenue advances 3% in Q3 to $11.4 billion
Titan International Q3 sales fall as agriculture weakens
