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14:00
Jul 30 ◎

XEL FY2026 Q2 Watch

Xcel Energy Inc. (XEL) FY2026 Q2 Earnings Call

GOOGL XEL ▾

Bob Frenzel

Google's data center investment in Xcel territory validates Xcel's ability to serve large hyperscale customers with clean energy, and may serve as a template for future deals.

"If you took our Google data center deal, it's largely a carbon-free portfolio of generation assets serving that customer."

GOOGL WATCH

Brian Van Abel

Management reaffirms long-term growth targets and expresses confidence in achieving 9%+ EPS growth through 2030, driven by a strong capital plan and robust demand outlook.

"We remain confident in our ability to deliver six to eight plus percent long-term earnings growth and expect to deliver nine plus percent EPS growth on average through 2030."

XEL WATCH

HIGH

14:00
Apr 30 ◎

XEL FY2026 Q1 Watch

Xcel Energy Inc. (XEL) FY2026 Q1 Earnings Call

NEE GEV XEL SIEGY ▾

Bob Frenzel

The JDA formalizes co-development with NextEra, potentially routing substantial generation and storage buildout through them, a clear volume opportunity for NextEra.

"In April, we also reached a definitive, non-exclusive agreement on our previously announced MOU with NextEra Energy to co-develop generation, storage, and interconnections to accelerate data center development across our operating"

NEE WATCH

Bob Frenzel

Xcel has locked in supply for gas turbines and other equipment through framework agreements, citing 24 turbines from GE and Siemens, which de-risks execution on its multi-billion-dollar capex program. — This signals to the market that Xcel's capex plan has concrete equipment supply secured, reducing the risk of project delays and supporting the credibility of its growth forecast.

"That's why our recently announced alliances with GE Vernova and Nextera and strategic agreements with Tier 1 EPC firms across our portfolio of renewable and gas generation, transmission, and distribution projects are critical to delivering"

GEV WATCH SIEGY WATCH

Brian Van Abel

Management reaffirmed guidance and highlighted a robust pipeline of incremental investment opportunities beyond the base plan, indicating a confident long-term growth outlook.

"We are reaffirming our 2026 ongoing EPS guidance range of $4.04 to $4.16 per share. We remain confident in our ability to deliver six to eight plus percent long-term earnings growth and expect to deliver 9% EPS growth on average through"

XEL WATCH

HIGH

15:00
Feb 05 ◎

XEL FY2025 Q4 Watch

Xcel Energy Inc. (XEL) FY2025 Q4 Earnings Call

NEE ANDURIL XEL GEV ▾

Bob Frenzel

Xcel's new ~2 GW data center ESA contract in the Upper Midwest and target of 6 GW contracted by 2027, coupled with the NextEra JDA, points to significant future generation investment far beyond the current $10B incremental pipeline estimate. — Data center-driven load growth will require billions in new generation and transmission investment, benefiting key suppliers and partners.

"earlier this week, Xcel Energy announced an MOU with longtime partner Nextera Energy to co-develop generation, storage, and interconnections to serve data center projects across our operating companies."

NEE WATCH GEV WATCH

Brian Van Abel

Potential demand from a data center developer in the Upper Midwest, though the specific customer is unnamed and unconfirmed.

"today we are advancing our data center pipeline with a new recently signed ESA with a large data center in the upper Midwest."

ANDURIL WATCH

Brian Van Abel

Management remains bullish on growth, citing a $60B capex plan, doubled data center contracted capacity targets, and a robust RFP pipeline, despite regulatory and wildfire-related costs.

"We remain confident in our ability to deliver 6% to 8% plus long-term earnings growth and expect to deliver 9% EPS growth on average through 2030."

XEL WATCH

HIGH

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