HighGravityDataXcel Energy — Apr 30, 2026 release
Fiscal 2026 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000072903-26-000070
Showing in the filing
Ongoing earnings per share
“$4.04 to $4.16”
Period
FY2026
Measure
GAAP-tied
Source
Prose
All guidance in this release · 13
Ongoing earnings per share for FY2026
“$4.04 to $4.16”
Weather-normalized retail electric sales for FY2026
“~3%”
Weather-normalized retail firm natural gas s… for FY2026
“~1%”
Capital rider revenue for FY2026
“$505 million to $515 million”
O&M expenses for FY2026
“~3%”
Depreciation expense for FY2026
“approximately $330 million to $340 million”
Property taxes for FY2026
“$30 million to $40 million”
Interest expense (net of AFUDC - debt) for FY2026
“$270 million to $280 million, net of interest income”
AFUDC - equity for FY2026
“$130 million to $140 million”
Annual dividend increases for FY2026
“4% to 6%”
Annual dividend increases for the long term
“4% to 6%”
Dividend payout ratio
“45% to 55%”
Dividend payout ratio target for the long term
“45% to 55%”
Exhibit 99.1 · the passage around this item
… earlier in the release
er share were $0.89 in 2026 compared with $0.84 in 2025. • First quarter ongoing earnings per share were $0.91 in 2026 compared with $0.84 in 2025. • Xcel Energy reaffirms its 2026 ongoing earnings per share guidance of $4.04 to $4.16. MINNEAPOLIS — Xcel Energy Inc. (NASDAQ: XEL) today reported 2026 first quarter GAAP earnings of $556 million, or $0.89 per share, compared with $483 million, or $0.84 per share in the same period in 2025 and ongoing earnings of $567 million, or $0.91 per share compared with $483 million or $0.84 per share in the same period in 2025. See Note 6 for reconciliation from GAAP to ongoing earnings. Despite the impact of unseasonably warm weather in the first quarter, ongoing earnings reflect increased recovery of electric infrastructure investments and electric sales growth, partially offset by higher financing costs and increased depreciation expense. “At Xcel Energy, we continue to make energy work better for our customers and our past quarter showcased our keen focus on execution and delivering on our plans to strengthen and modernize the grid, expand our energy sources, and deploy innovative technologies to ensure that energy remains safe, reliable, and affordable,” said Bob Frenzel, chairman, president and CEO of Xcel Energy. “Our data center agreement in the Upper Midwest with Google in the quarter sets a high bar for ongoing community development and investment for data centers
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.