Xcel Energy — Oct 30, 2025 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 $3.80 per share (the mid-point of 2025 original ongoing earnings guidance of $3.75 to $3.85 per share). •    Deliver annual dividend increases of 4% to 6%. •     Target a dividend payout ratio of 45% to 55%. •     Maintain senior secured debt credit ratings in the A range. 19 XCEL ENERGY INC. AND SUBSIDIARIES EARNINGS RELEASE SUMMARY (UNAUDITED) (amounts in millions, except per share data) Three Months Ended Sept. 30 2025 2024 Operating revenues: Electric and natural gas $ 3,902  $ 3,632  Other 13  12  Total operating revenues 3,915  3,644  Net income $ 524  $ 682  Weighted average diluted common shares outstanding 595  565  Components of EPS — Diluted Regulated utility $ 0.96  $ 1.29  Xcel Energy Inc. and other costs (0.07) (0.08) GAAP diluted EPS (a) $ 0.88   $ 1.21   Sherco Unit 3 2011 outage refunds (See Note 6) —  0.04 Marshall Wildfire litigation (See Note 6) 0.36  —   Ongoing diluted EPS (a) $ 1.24   $ 1.25   Book value per share $ 35.59  $ 34.28  Cash dividends declared per common share 0.57  0.5475  (a) Amounts may not add due to rounding. Nine Months Ended Sept. 30 2025 2024 Operating revenues: Electric and natural gas $ 11,066  $ 10,272  Other 42  49  Total operating revenues 11,108  10,321  Net income $ 1,451  $ 1,472  Weighted average diluted common shares outstanding 587 559 Components of EPS — Diluted Regulated utility $ 2.72  $ 2.91  Xcel Energy Inc. and other costs (