Xcel Energy Q3 2026 slides: $70B plan targets 11% rate base growth
Xcel Energy delivered a Q3 2026 earnings report that topped Wall Street's estimates, with adjusted earnings per share (EPS) coming in at $1.52, a 22.6% increase from a year earlier. Despite revenue falling short of predictions at $4.17 billion, the utility managed to meet its 22nd consecutive year of full-year guidance. Shares of Xcel rose 3.42% in premarket trading following the announcement, and finished the regular session at the same level.
Management unveiled a five-year capital plan worth $70 billion, focused on grid upgrades, renewables, and load growth. The company also raised its 2027 earnings guidance to $4.48 to $4.62 a share.
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