Xcel Raises 2026 EPS Guidance, Reports Strong Q1; DOE Delays Craig Plant Retirement
XEL sits 23% above its 52-week low of $66.56.
Summary
Xcel Energy reported strong Q1 2026 ongoing EPS of $0.91, an increase from $0.84 year-over-year. The company also raised its full-year 2026 ongoing EPS guidance to $4.04–$4.16, a positive revision from its prior reaffirmation in the April 29th 8-K. This improved outlook follows the company's recent $4.3 billion ATM equity offering and ongoing rate case activities. Separately, the Department of Energy has mandated Xcel's Colorado unit to keep Craig Station Unit 1 operational through September 2026 for grid reliability, delaying its planned retirement.
At the time of this announcement, XEL was trading at $81.81 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $51.3B. The 52-week trading range was $66.56 to $84.23. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.