HighGravityDataXcel Energy — Oct 30, 2025 release
Fiscal 2025 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000072903-25-000254
Showing in the filing
Ongoing earnings per share
“$3.75 to $3.85”
Period
FY2025
Measure
GAAP-tied
Source
Prose
All guidance in this release · 44
Ongoing earnings per share for FY2025
“$3.75 to $3.85”
Ongoing earnings per share for FY2026
“$4.04 to $4.16”
NSP-Minnesota base capital expenditures for FY2027
“$4,870”
NSP-Minnesota base capital expenditures for FY2028
“$4,210”
NSP-Minnesota base capital expenditures for FY2029
“$3,660”
NSP-Minnesota base capital expenditures for FY2030
“$3,650”
NSP-Minnesota base capital expenditures for FY2026
“$20,130”
Total base capital expenditures for FY2026
“$13,790”
Total base capital expenditures for FY2027
“$15,130”
Total base capital expenditures for FY2028
“$12,650”
Total base capital expenditures for FY2029
“$9,020”
Total base capital expenditures for FY2030
“$9,410”
Electric distribution base capital expenditu… for FY2030
“$2,930”
Electric distribution base capital expenditu… for FY2028
“$2,930”
Electric transmission base capital expenditu… for FY2027
“$2,930”
Electric transmission base capital expenditu… for FY2028
“$2,890”
Electric transmission base capital expenditu… for FY2029
“$3,190”
Electric transmission base capital expenditu… for FY2030
“$3,370”
Electric transmission base capital expenditu… for FY2026
“$15,440”
Capital investment funding mix (equity/debt) for FY2026
“approximately 40% equity and 60% debt”
Capital investment funding
“approximately 40% equity and 60% debt”
Cash from operations (financing capital expe… for FY2026
“$30,180”
Maturing debt for FY2026
“$3,580”
Weather-normalized retail electric sales for FY2026
“~3%”
Weather-normalized retail electric sales for FY2025
“~3%”
Capital rider revenue (net of PTCs) for FY2025
“$255 million to $265 million”
O&M expenses for FY2025
“~5%”
Depreciation expense for FY2025
“approximately $220 million to $230 million”
Property taxes for FY2025
“$45 million to $55 million”
Interest expense (net of AFUDC - debt), net … for FY2025
“$180 million to $190 million”
Other base capital expenditures (by regulate… for FY2026
“$110”
AFUDC - equity for FY2025
“$110 million to $120 million”
Weather-normalized retail firm natural gas s… for FY2026
“~1%”
Capital rider revenue for FY2026
“$550 million to $560 million”
O&M expenses for FY2026
“~3%”
Depreciation expense for FY2026
“approximately $370 million to $380 million”
Property taxes for FY2026
“$30 million to $40 million”
Interest expense (net of AFUDC - debt), net … for FY2026
“$290 million to $300 million”
AFUDC - equity for FY2026
“$140 million to $150 million”
Annual dividend increases for FY2025
“4% to 6%”
Annual dividend increases objective for the long term
“4% to 6%”
Dividend payout ratio
“45% to 55%”
Dividend payout ratio target for the long term
“45% to 55%”
Senior secured debt credit ratings target for the long term
“A range”
Exhibit 99.1 · the passage around this item
… earlier in the release
• Third quarter ongoing diluted earnings per share were $1.24 in 2025 compared with $1.25 in 2024. • Year-to-date ongoing diluted earnings per share were $2.84 in 2025 compared with $2.69 in 2024. • Xcel Energy reaffirms its 2025 ongoing earnings per share guidance of $3.75 to $3.85. • Xcel Energy initiates its 2026 ongoing earnings per share guidance of $4.04 to $4.16. • Xcel Energy’s long-term annual growth objectives reflect earnings per share growth of 6-8+% and dividend growth of 4-6%. MINNEAPOLIS — Xcel Energy Inc. (NASDAQ: XEL) today reported 2025 third quarter GAAP earnings of $524 million, or $0.88 per share, compared with $682 million, or $1.21 per share in the same period in 2024 and ongoing earnings of $737 million, or $1.24 per share compared with $707 million or $1.25 per share in the same period in 2024. See Note 6 for reconciliation from GAAP to ongoing earnings. Third quarter ongoing earnings reflect higher depreciation, interest charges and O&M expenses partially offset by increased recovery of infrastructure investments. “Today Xcel Energy unveiled our updated five-year infrastructure investment plan to serve increased energy demand from our communities, continue progress towards carbon reduction goals for our electric system and make needed investments to strengthen our transmission and distribution systems,” said Bob Frenzel, chairman, president and CEO of Xcel Energy. “We will continue to strive to ensure we keep customer bills as low as
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.