The utility reaffirms its 2026 ongoing EPS guidance of $4.04-$4.16 amid $6 billion year-to-date infrastructure investments.
Xcel Energy projected average annual earnings per share growth exceeding 9% through 2030, maintaining its 2026 ongoing EPS target range of $4.04 to $4.16. The company cited robust infrastructure investments as a key driver for long-term growth.
During the second quarter, Xcel invested $3 billion, bringing year-to-date spending to over $6 billion across generation, transmission, and distribution projects in all eight states it serves. This follows prior commitments to accelerate capital deployment in critical energy infrastructure.
Management reiterated confidence in achieving financial targets, emphasizing sustained investment in grid modernization and renewable energy integration.