Xcel Energy — Oct 31, 2024 release

Long-Term EPS and Dividend Growth Rate Objectives — Xcel Energy expects to deliver an attractive total return to our shareholders through a combination of earnings growth and dividend yield, based on the following long-term objectives: •     Deliver long-term annual EPS growth of 6% to 8% based off of $3.55 per share (the mid-point of 2024 original ongoing earnings guidance of $3.50 to $3.60 per share). •    Deliver annual dividend increases of 4% to 6%. •     Target a dividend payout ratio of 50% to 60%. •     Maintain senior secured debt credit ratings in the A range. 17 XCEL ENERGY INC. AND SUBSIDIARIES EARNINGS RELEASE SUMMARY (UNAUDITED) (amounts in millions, except per share data) Three Months Ended Sept. 30 2024 2023 Operating revenues: Electric and natural gas $ 3,632  $ 3,632  Other 12  30  Total operating revenues 3,644  3,662  Net income $ 682  $ 656  Weighted average diluted common shares outstanding 565  552  Components of EPS — Diluted Regulated utility $ 1.29  $ 1.25  Xcel Energy Inc. and other costs (0.08) (0.06) GAAP diluted EPS (a) $ 1.21   $ 1.19   Loss on Comanche Unit 3 litigation (See Note 6) —  0.05 Sherco Unit 3 2011 outage refunds (See Note 6) 0.04  —   Ongoing diluted EPS (a) $ 1.25   $ 1.23   Book value per share $ 34.28  $ 31.38  Cash dividends declared per common share 0.5475  0.52  Nine Months Ended Sept. 30 2024 2023 Operating revenues: Electric and natural gas $ 10,272  $ 10,677  Other 49  87  Total operating revenues 10,321  10,764  Net income $ 1,472  $ 1,362  Weighted average diluted common shares outstanding 559  551  Components of EPS — Dilut