Xcel Energy's Q1 revenue misses estimates

Xcel Energy

30/04/2026 11:16

Overview

U.S. regulated utility's Q1 revenue missed analyst expectations

Ongoing earnings growth driven by higher electric infrastructure recovery, offset by higher financing costs

Outlook

Xcel Energy reaffirms 2026 ongoing EPS guidance of $4.04 to $4.16

Result Drivers

ELECTRIC INFRASTRUCTURE RECOVERY - Ongoing earnings growth was primarily driven by increased recovery of electric infrastructure investments

ELECTRIC SALES GROWTH - Weather-normalized electric sales rose, led by higher use per customer in certain regions and customer growth

HIGHER FINANCING AND DEPRECIATION COSTS - Results were partially offset by higher financing costs and increased depreciation expense due to system investment

Company press release: ID:nBw2pnL3Da

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$4.02 bln
$4.10 bln (8 Analysts)
Q1 EPS
$0.89


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the electric utilities peer group is "buy"

Wall Street's median 12-month price target for Xcel Energy Inc is $92.00, about 16.7% above its April 29 closing price of $78.82

The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 18 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)