Xcel Energy Q3 Net Income Rises to $960M, Narrows FY26 EPS Guidance to $4.10-$4.16

Xcel Energy Inc. (XEL) reported third-quarter 2026 net income of $960 million, or $1.52 per share, up from $524 million, or $0.88 per share, a year earlier, the utility said Thursday. Ongoing earnings rose to $961 million from $737 million, with ongoing EPS of $1.52 versus $0.88. Operating income surged to $1.19 billion from $749 million, while operating revenue increased to $4.17 billion from $3.92 billion. The company attributed the EPS gain to higher recovery of electric infrastructure investments, increased earnings from equity method investments and unseasonably warm weather, partly offset by higher financing costs. Xcel narrowed its full-year 2026 ongoing EPS guidance to $4.10 to $4.16 and issued 2027 ongoing EPS guidance of $4.48 to $4.62. The stock closed Wednesday at $77.18 on the Nasdaq, down 1.22%, and traded 0.83% higher overnight at $77.82.