
Xcel Energy reaffirms its 2026 ongoing earnings per share guidance in the range of $4.04 to $4.16, reflecting expectations for constructive outcomes in pending rate cases and normal weather patterns.
Bullish
Xcel Energy benefited from a strategic Google data center agreement and increased infrastructure investment recovery, supporting long-term EPS and dividend growth objectives despite some weather impacts.
Bearish
Wildfire liabilities, rising financing costs, and adverse regulatory recommendations, coupled with unfavorable weather, negatively impacted Xcel Energy's Q1 2026 financial performance and outlook.