Xcel Energy Q4 Earnings Lag Estimates, Revenues Rise 14.1% YoY, Expenses Increase 7.5%

Xcel Energy reported Q4 2025 earnings of 96 cents per share, lagging the Zacks Consensus Estimate of 97 cents. Revenues of $3.56 billion missed estimates by 4.4% but increased 14.1% YoY. Operating expenses rose 7.5% YoY to $2.98 billion, while operating income increased 67.1% YoY to $580 million. The company reaffirms its 2026 earnings per share guidance of $4.04-$4.16 and plans to invest $60 billion in 2026-2030.