Every 10-Q that Xcel Energy, Inc. (XEL) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow XEL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full XEL filings page.
Xcel Energy Inc. reported solid earnings growth for the quarter ended June 30, 2026. Total operating revenues were $ 3,119 million versus $ 3,287 million a year earlier, while net income increased to $ 586 million from $ 444 million. Diluted EPS rose to $ 0.93 from $ 0.75, helped by lower electric fuel and purchased power costs, reduced depreciation, higher equity-method income and continued AFUDC, partially offset by higher interest expense.
For the first six months of 2026, net income was $ 1,142 million compared with $ 927 million, and diluted EPS was $ 1.82 versus $ 1.59. Operating cash flow strengthened to $ 2,797 million from $ 2,109 million. The company is funding large capital programs, with capital expenditures of $ 5,970 million and long-term debt (including current portion) rising to $ 36,947 million. Cash and cash equivalents increased to $ 2,010 million, supported by a $1.5 billion term loan and $4.75 billion of committed revolving credit facilities, of which $ 3,648 million remained available.
Xcel Energy continues to manage significant wildfire and regulatory exposures. For the 2024 Smokehouse Creek Fire Complex, it has recorded a total estimated loss of $ 460 million (before insurance), with $ 404 million of expected loss payments already settled and approximately $80 million of the $ 525 million annual wildfire insurance limit remaining. The company notes that ultimate resolution could exceed insurance coverage and materially affect results. For the Marshall Fire in Colorado, settlements totaling $ 640 million have been executed, and higher expected insurance recoveries produced a $ 19 million net credit to 2026 earnings. In Minnesota, regulators ordered a $ 41 million disallowance related to a Prairie Island nuclear outage, leading to $ 38 million of customer refunds recorded in 2026. Adjusting for these non-recurring items, first-half ongoing earnings were $ 1,156 million and ongoing diluted EPS were $ 1.84 versus $ 1.59 a year earlier.
Xcel Energy Inc. reported higher first-quarter 2026 results and detailed major wildfire-related exposures. Net income rose to $556 million from $483 million, with diluted EPS increasing to $0.89 from $0.84. Ongoing EPS, excluding certain items, was $0.91.
Total operating revenues grew modestly to $4.02 billion from $3.91 billion, driven mainly by higher recovery of electric infrastructure investments, alternative revenue and stronger commercial and industrial electric sales, partly offset by warm weather and lower natural gas usage.
Xcel highlighted substantial wildfire matters. For the Smokehouse Creek Fire Complex, it has recorded an estimated $460 million loss before insurance and about $500 million including legal costs, with only about $90 million of wildfire insurance coverage remaining for the policy period. The company also updated the largely settled Marshall Fire litigation, where settlement payments of $640 million led to prior charges but produced a $22 million insurance recovery benefit this quarter.
Liquidity increased, with cash and cash equivalents rising to $1.76 billion from $274 million, supported by $3.26 billion of new long-term debt issuance and a $1.5 billion term loan facility of which $750 million was drawn. Capital expenditures were elevated at $3.02 billion, reflecting continued investment in regulated utility infrastructure.
Xcel Energy (XEL) reported Q3 results with total revenue of $3.915 billion, up from $3.644 billion a year ago. Net income was $524 million versus $682 million, and diluted EPS was $0.88 compared with $1.21. Operating income declined to $749 million from $911 million, primarily due to a $287 million Marshall Wildfire litigation expense, alongside higher O&M and depreciation.
For the nine months, operating cash flow was $3.874 billion, while capital expenditures were $7.470 billion. Financing activity included $4.883 billion of long-term debt issuances and $1.151 billion from common stock. In October 2025, the company issued $900 million of 6.25% junior subordinated notes due 2085. Xcel amended and extended its revolving credit facilities to an aggregate $4.75 billion capacity (available $3.346 billion at Sept. 30, 2025). Common shares outstanding were 591,539,773 as of Oct. 28, 2025.