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Xcel Energy XEL Q2 2025 earnings

Reported July 31, 2025 · Before market open

Revenue$3.3BBeat by $76.7MDiluted EPS$0.75Beat by $0.10
Revenue estimate$3.2B
EPS estimate$0.65

Next report

Jul 30, 2026 (In 2 weeks)
Revenue estimate$3.6B
EPS estimate$0.77

Financials

Q2 2025

Income statement

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Operating income$577.0M+28.5%
Net income$444.0M+47.0%
EPS (diluted)$0.75+38.9%

Balance sheet

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Cash & equivalents$1.5B-9.0%
Total debt$33.4B+9.0%
Total equity$21.0B+16.7%
Total assets$75.3B+10.9%

Cash flow

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Operating cash flow$1.1B-9.2%
CapEx$2.4B+32.6%
Free cash flow-$1.3B-110%

Valuation & ratios

Valuation

as of 06/30/25
See full
Market cap$39.35B+32.5%
Enterprise value$71.29B+21.4%
P/E19×+3.0×

Returns & leverage

See full
Return on equity10.7%0.0pp
Debt / equity1.6×-0.1×
Current ratio1×0.0×

Segments

By product

See full
Retail$2.7B+10.7%
Transmission$169.0M+14.2%
Wholesale$145.0M+5.8%
Other$67.0M+13.6%

By segment

See full
Regulated Electric$2.9B+8.2%
Regulated Natural Gas$396.0M+11.5%
All Other$13.0M-7.1%

Versus estimates

Revenue

Q1 2026$4.0BMiss by $188.3MQ4 2025$3.6BMiss by $65.7MQ3 2025$3.9BBeat by $24.4M
Q2 2025$3.3BBeat by $76.7M
Q1 2025$3.9BMiss by $26.4MQ4 2024$3.1BMiss by $653.6M

Diluted EPS

Q1 2026$0.91Beat by $0.00Q4 2025$0.96Miss by $0.00Q3 2025$1.24Miss by $0.08
Q2 2025$0.75Beat by $0.10
Q1 2025$0.84Miss by $0.08Q4 2024$0.81Miss by $0.06

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Questions, answered.

When did Xcel Energy report Q2 2025 earnings?
Xcel Energy (XEL) reported Q2 2025 earnings on July 31, 2025 before market open.
What were Xcel Energy's Q2 2025 revenue and EPS?
Xcel Energy reported revenue of $3.3B and diluted EPS of $0.75 for Q2 2025.
Did Xcel Energy beat estimates in Q2 2025?
Revenue beat the consensus estimate of $3.2B by $76.7M. EPS beat the consensus estimate of $0.65 by $0.10.
How did Xcel Energy's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 8.6% from $3.0B a year earlier and diluted EPS grew 38.9% from $0.54.
Where can I find Xcel Energy's Q2 2025 SEC filings?
You can read the 10-Q periodic report (0000072903-25-000225) directly on SEC EDGAR. The filing index links above go to sec.gov.