Xcel Energy IncNasdaq: XEL
Utilities · Multi-Utilities
$82.67
-0.34%
Vol: 3.3M
Research Digest
Friday, May 1, 2026
Xcel Energy reports Q1 2026 EPS of $0.91, reaffirms full-year guidance of $4.04-$4.16, and signals confidence in Colorado rate case settlement by May 28.
Xcel Energy beat Q1 earnings expectations with ongoing EPS of $0.91 versus $0.84 prior year, driven by higher recovery of electric infrastructure investments and stronger sales. The company reaffirmed its 2026 guidance range. Management highlighted a landmark 15-year Google data center agreement and invested $3 billion in new infrastructure including 500 MW of solar generation and battery storage. A Prairie Island regulatory matter resulted in a $37 million charge.
Previous Market Intelligence
13 daysApr 30Xcel Energy beats Q1 earnings, signs landmark Google load agreement, raises dividendPositive▶
Xcel Energy reported Q1 2026 GAAP earnings of $0.89 per share versus $0.84 prior year, with ongoing earnings of $0.91 per share despite unseasonably warm weather. Management highlighted a landmark 15-year agreement with Google utilizing air-cooled technology and long-duration storage to support large data center load. The company announced a dividend increase from $0.57 to $0.5925 per share and is returning $130 million in federal tax credit savings to Upper Midwest customers. Xcel invested over $3 billion in clean energy transition infrastructure in Q1 alone, retiring legacy coal assets. Morgan Stanley maintains Equal Weight with $92 price target. Wall Street consensus expects 8.3% EPS growth.
Apr 29Xcel Energy raises dividend by 3.9% to 59.25 cents, powers Google data center with 1.9GW clean energyPositive▶
Xcel Energy announced Q1 earnings call on April 30 with expected EPS of $0.91 (+8.3% YoY) and revenues of $4.21 billion (+7.7% YoY). The company raised quarterly dividend by 3.9% to 59.25 cents per share. Xcel will power a new Google data center in Pine Island, Minnesota, and partnering on 1.9GW of new clean energy (1.4GW wind, 200MW solar, 300MW storage). The company is sending $130 million in tax credit savings to Upper Midwest customers. Xcel earned World's Most Ethical Companies recognition for the seventh consecutive year.
Apr 16Xcel Energy raised quarterly dividend to $0.5925/share (23 consecutive year increase); Minnesota approved Capacity*Connect 200-MW distributed battery program.Positive▶
Xcel Energy announced expansion of renewable energy portfolio with new solar generation (150 MW) and battery energy storage systems now in service in Texas and New Mexico. Board raised quarterly dividend from $0.57 to $0.5925/share, marking the 23rd consecutive year of increases. Minnesota regulators approved Capacity*Connect, a 200-MW distributed battery program to be deployed across the distribution grid by 2028. The utility is pivoting to renewables amid regulatory pushes with Google building data centers powered by Xcel's new solar, wind and battery storage in Minnesota. Q1 2026 earnings call scheduled for April 30. Morgan Stanley raised price target to $93 from $91 (March 23) and UBS lowered to $89 from $93 (March 24). Average analyst rating 'Buy' at $80.39 stock price.
Apr 15Xcel Energy increased quarterly dividend to $0.5925 per share for the 23rd consecutive year and announced new solar and battery storage facilities.Positive▶
Xcel Energy announced new solar generation and battery energy storage systems are now in service in Texas and New Mexico, entering service April 1, 2026. Board increased quarterly dividend from $0.57 to $0.5925, marking the 23rd consecutive year of dividend growth. Xcel is guiding to 2026 EPS of $4.04-$4.16 supported by a $60 billion capital plan. Q1 2026 earnings will be released April 30, 2026.
Apr 14Xcel Energy raised quarterly dividend to $0.5925 per share (23-year consecutive increase) and announced Q1 2026 earnings call for April 30.Positive▶
Xcel Energy Board increased the quarterly dividend from $0.57 to $0.5925 per share, marking the 23rd consecutive year of dividend increases. The company is leading industry efforts to ease federal transmission rules and recently secured a favorable ruling on hydroelectric dam compliance from the FERC. Q1 2026 earnings call scheduled for April 30, 2026.
Apr 13Xcel Energy raised quarterly dividend 3.9% to $0.5925 per share, marking 23rd consecutive year of dividend growth.Positive▶
Xcel Energy increased quarterly dividend from $0.57 to $0.5925, payable April 20 to March 13 record holders, marking 23rd consecutive year of growth. Board named Rob Cain SVP/Chief Technology Officer. Company signed MOU with NextEra subsidiary to accelerate generation for data centers. Q1 2026 earnings April 30. Stock at $80.91 with 27 analysts rating Strong Buy at $90 median PT.
Apr 10Xcel Energy raises dividend 23rd consecutive year; data center tariff and battery storage program approved.Positive▶
Xcel Energy (XEL) closed April 9 at $82.91, up 2.2%. The board raised the quarterly dividend from $0.57 to $0.5925/share, marking the 23rd straight year of increases. The company filed a data center tariff proposal with Colorado PUC for developers needing 50+ MW. Minnesota PUC approved Xcel's battery storage program deploying up to 200 MW by 2028.
Apr 9Minnesota approves Xcel Energy's 200 MW virtual power plant battery program by 2028Positive▶
Xcel Energy received major regulatory approval on April 2 from Minnesota regulators for its utility-owned battery-based virtual power plant program, allowing deployment of up to 200 MW of energy storage across its distribution grid by 2028. The company also announced it will deliver more than $130 million in nuclear energy tax credits to Upper Midwest customers, bringing total savings to over $330 million in two years. Board raised quarterly dividend from $0.57 to $0.59 per share, marking the 23rd consecutive year of dividend increases. Morgan Stanley raised price target to $93 while Goldman Sachs and J.P. Morgan maintain Buy ratings with average analyst target of $84.92.
Apr 8Xcel Energy raises dividend 23 consecutive year, schedules Q1 earnings for April 30, advances $60B grid investment planPositive▶
Xcel Energy increased its quarterly dividend from 57 to 59.25 cents per share ($2.37 annualized), marking the 23rd consecutive year of dividend raises. The company will report Q1 2026 results on April 30 before market open. Xcel is executing a $60B investment plan (2026-2030) across reliability, renewables, storage, and wildfire mitigation, with $12B capex in 2025. The company sought approval to extend Comanche coal operations until 2030 on grid reliability grounds and progresses hydroelectric dam compliance projects. Analyst consensus is 'Buy' with $84.92 PT (+5.6% upside). Strong dividend history and grid modernization investments support stable utilities thesis but renewable transition execution risks remain.
Apr 7Q1 earnings call April 30; $60B 2026-2030 capex; 23rd consecutive dividend hike to $2.37 annual.Positive▶
Xcel Q1 2026 call April 30. Raised dividend to $0.5925/qtr ($2.37 annual), 23rd consecutive hike. Announced $60B 2026-2030 capex. 2026 guidance $4.04-4.16 EPS. Doubled 6GW data center pipeline. MN PUC approved 345kV line. Stock $80.74. 13 analysts rate Buy with $84.92 target.
Apr 6Xcel Energy raises dividend 23 consecutive year; delivers $130M nuclear energy tax credits to customers.Positive▶
Xcel Energy (NASDAQ: XEL) reported 2025 diluted earnings of $3.42/share (GAAP) vs. $3.44 prior year, with ongoing earnings of $3.80/share vs. $3.50. The board raised the quarterly dividend from $0.57 to $0.59/share (annual rate: $2.37), the 23rd consecutive year of increases. The company delivered over $130M in nuclear energy tax credits to Upper Midwest customers. Q1 2026 earnings conference call scheduled April 30; analysts expect $0.93 EPS (+10.7% YoY vs. $0.84). Xcel delivered on earnings guidance for 21 consecutive years with strong track record. Wall Street rates XEL "Strong Buy" with 15 of 18 analysts recommending. Upcoming earnings likely to confirm utility dividend safety and rate-base growth.
Apr 3Dividend raised to $0.5925/share (23rd consecutive year); Google data center deal bolsters clean energy narrative.Positive▶
Xcel Energy raised its quarterly dividend from $0.57 to $0.5925 per share, marking the 23rd consecutive annual increase. Q1 2026 earnings will be released April 30. The company secured a Google data center deal for Pine Island, Minnesota, funding 1,900 MW of new clean energy. Morgan Stanley maintained Hold with PT raised to $93.
Apr 2Xcel Energy raised quarterly dividend to $0.5925 from $0.57 for 23rd consecutive year; appointed new CTO effective immediately.Positive▶
Xcel Energy Board raised quarterly dividend to $0.5925 from $0.57, continuing 23-year streak of annual dividend increases. Company appointed Rob Cain as senior vice president and chief technology officer effective immediately. 2025 GAAP EPS $3.42, ongoing EPS $3.80 showing continued growth. Stock at $80.74, up 1.29% in last 24 hours. Consensus analyst rating is Buy with $84.92 price target. 2026 EPS guidance $4.04-$4.16 supported by $60 billion capital plan for transmission and renewables. Q1 2026 earnings call scheduled April 30, 2026.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| NEENEXTERA | $97.22 | -0.67% | +5.5% | 22.3x | 0.73 | $204.1B |
| SRESEMPRA | $94.87 | -0.26% | -3.0% | 17.2x | 0.68 | $62.1B |
| DDOMINION | $63.83 | -1.04% | +3.7% | 16.9x | 0.66 | $56.7B |
| XELXCEL | $82.67 | -0.34% | +3.2% | 18.3x | 0.44 | $51.8B |
| EDCONSOLIDATED | $110.85 | -0.57% | -2.7% | 17.2x | 0.34 | $41.1B |
| PCGP | $16.47 | -0.90% | -5.9% | 9.2x | 0.34 | $36.6B |
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