Xcel Energy has reported 2026 second quarter GAAP earnings of $586 million, or $0.93 per share, compared with $444 million, or $0.75 per share in the same period in 2025. It had ongoing earnings of $589 million, or $0.93 per share compared with $444 million or $0.75 per share in the same period in 2025.

The change in earnings per share was primarily driven by increased recovery of electric infrastructure investments, partially offset by higher financing costs.

“Xcel Energy has been at the center of transformations and infrastructure shifts in our industry for more than 100 years. Our second quarter results demonstrate strong and consistent execution across all our key priorities: customer satisfaction and affordability, system reliability and resiliency, meeting the clean energy aspirations of our communities and ensuring financial discipline,” according to Bob Frenzel, Chairman, President and CEO of Xcel Energy.