Xcel Energy — Jul 30, 2026 release

15 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. •    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. 16 XCEL ENERGY INC. AND SUBSIDIARIES EARNINGS RELEASE SUMMARY (UNAUDITED) (amounts in millions, except per share data) Three Months Ended June 30 2026 2025 Operating revenues: Electric and natural gas $ 3,105  $ 3,274  Other 14  13  Total operating revenues 3,119  3,287  Net income $ 586  $ 444  Weighted average diluted common shares outstanding 627  588  Components of EPS — Diluted Regulated utility $ 0.95  $ 0.81  Xcel Energy Inc. and other costs (0.02) (0.06) GAAP diluted EPS (a) $ 0.93   $ 0.75   Prairie Island outage refunds (See Note 6) —  —   Marshall Wildfire settlement (See Note 6) —  —   Ongoing diluted EPS (a) $ 0.93   $ 0.75   Book value per share $ 38.36  $ 35.67  Cash dividends declared per common share 0.5925  0.57  (a) Amounts may not add due to rounding. Six Months Ended June 30 2026 2025 Operating revenues: Electric and natural gas $ 7,111  $ 7,164  Other 29  29  Total operating revenues 7,140  7,193  Net income $ 1,142  $ 927  Weighted average diluted common shares outstanding 627  582  Components of EPS — Diluted Regulated utility $ 1.92  $ 1.76  Xcel Energy Inc. and other costs (0.10) (0.17)