- Xcel Energy (XEL, Financial) reports a decline in first-quarter 2025 earnings per share to $0.84, down from $0.88 in the same period in 2024.
- The company maintains its 2025 ongoing EPS guidance range of $3.75 to $3.85.
- Xcel Energy continues to invest in infrastructure and system resilience, including a newly approved resource plan in Minnesota.
Xcel Energy Inc. (XEL) announced its first-quarter 2025 earnings, reporting a GAAP net income of $483 million, or $0.84 per share, compared to $488 million, or $0.88 per share, in the same period in 2024. This decrease in earnings per share primarily results from higher operating and maintenance expenses, depreciation, and interest charges, which were partially offset by increased recovery of infrastructure investments.
The company reaffirmed its 2025 ongoing earnings per share (EPS) guidance of $3.75 to $3.85. Bob Frenzel, Chairman, President, and CEO of Xcel Energy, emphasized the company's commitment to advancing energy solutions for customers, highlighting recent regulatory approval in Minnesota for a resource plan including around 5,000 megawatts of new wind, solar, battery storage, and gas by 2030.
Xcel Energy continues to focus on mitigating wildfire risks in its service areas through ongoing investments and regulatory support. This includes settlements for the Texas System Resiliency and Colorado Wildfire Mitigation Plans. The company is actively engaging in measures to enhance system resilience and lead the energy transition.
A conference call to discuss the financial results will be hosted by Xcel Energy at 9:00 a.m. CDT on April 24. Interested parties can access the call via the company's website, with replay available until April 29.
