Xcel Energy

Q2 FY2026 EarningsQ2 FY2026 results delivered a significant beat on the bottom line, with ongoing EPS of $0.93 compared to the $0.79 consensus mean. While total operating revenue of $3.12B missed the $3.55B consensus due to lower commodity costs (pass-through), net income of $586M substantially exceeded the expected $488M. Performance was driven by robust recovery of electric infrastructure investments and lower-than-anticipated depreciation from nuclear life extensions. Management reaffirmed FY2026 ongoing EPS guidance of $4.04–$4.16, in line with consensus expectations.