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
Cash from operations (financing capital expenditures)
“$30,180”
Period
FY2026
Measure
GAAP-tied
Source
Guidance table
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
10 Financing for Capital Expenditures through 2030 — Xcel Energy issues debt and equity securities to refinance retiring debt maturities, reduce short-term debt, fund capital programs, infuse equity in subsidiaries, fund asset acquisitions and for general corporate purposes. Current estimated financing plans of Xcel Energy for 2026-2030 (includes the impact of tax credit transferability): (Millions of Dollars) Funding Capital Expenditures Cash from operations (a) $ 30,180 New debt (b) 22,820 Equity issuances (c) 7,000 Base capital expenditures 2026-2030 $ 60,000 Maturing debt $ 3,580 (a) Net of dividends and pension funding. (b) Reflects a combination of short and long-term debt; net of refinancing. (c) Amount could include other financing instruments that receive equity credit from the credit rating agencies. 2025 Financing Activi ty — During 2025, Xcel Energy Inc. and its utility subsidiaries issued the following long-term debt. No further debt issuances are planned for 2025. Issuer Security Amount (in millions) Tenor Coupon Xcel Energy Inc. Senior Unsecured Notes $ 1,100 3 Year & 10 Year 4.75% & 5.60% PSCo First Mortgage Bonds 1,000 9 Year & 30 Year 5.35% & 5.85% SPS First Mortgage Bonds 500 10 Year 5.30% NSP-Minnesota First Mortgage Bonds 1,100 10 Year & 30 Year 5.05% & 5.65% NSP-Wisconsin First Mortgage Bonds 250 29 Year 5.65% PSCo First Mortgage Bonds 1,000 10 Year & 30 Year 5.15% & 5.85% Xcel Energy Inc. (a) Junior Subordinated Debt 900 60 Year 6.25% (a) Junior subordinated debt was issued on Oct. 7, 2025. Xcel Energy issued 16.4 million shares ($1.16 billion in net proceeds) through its at-the-market programs in the nine months
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.