Xcel Energy Q1 EPS rises 8% to $0.91; weather headwind, nuclear refund offset rate gains

Filed April 30, 2026 · Period ending March 31, 2026 · Compared to 10-Q Apr 24, 2025 · ~2 min read

Key Changes

• high

  Q1 ongoing EPS rose to $0.91 from $0.84, driven by infrastructure recovery and sales growth, but offset by $0.10 weather headwind and $0.04 Prairie Island nuclear refund charge.

  MD&A: Earnings Summary verify on EDGAR →
• high

  Minnesota ALJ recommended $248M rate increase (9.8% ROE), below company's $365M request; Colorado electric case seeks $356M (9.8% ROE) with intervenor pushback to 8.1%-9.45% ROE range.

  MD&A: Rate Cases verify on EDGAR →
• high

  Google data center agreement in Minnesota expected to deliver $1.1B customer benefits; company proposes 1,900 MW clean energy resources with customers paying all incremental costs.

  MD&A: Large Load Agreement verify on EDGAR →