Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
Xcel Energy delivered strong Q1 FY2026 results with net income rising 15.1% year-over-year to $556M and operating cash flow surging 65.1% to $1.70B, driven by continued capital investment in its regulated utility infrastructure.
EPS (Diluted)
$0.89
+5.95% YoY
Operating Income
$754M
+11.37% YoY
Source: SEC XBRL
Xcel Energy (XEL) generated $1.7B of operating cash flow in Q1 FY2026, up 65.1% year over year. XEL's fiscal Q1 FY2026 corresponds to calendar Q1 2026.
Last 4 quarters: 1 beat
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026 | 0.93 | 0.79 | Beat +17.8% |
| Mar 2026This filing | 0.91 | 0.91 | Miss -0.2% |
| Dec 2025 | 0.95 | 0.97 | Miss -2.2% |
| Sep 2025 | 1.24 | 1.33 | Miss -7.0% |
Adjusted (non-GAAP) EPS of $0.91 versus the $0.91 analyst consensus — a -0.2% miss for Mar 2026. Analyst consensus is quoted on the adjusted (non-GAAP) basis the street uses. GAAP diluted EPS for this quarter was $0.89.
Compiled by AI from this SEC filing
Net income increased 15.1% year-over-year to $556M in Q1 FY2026, while operating income rose 11.4% to $754M, reflecting solid performance across Xcel Energy's regulated utility operations.
Source: 10-Q Income Statement, Q1 FY2026
Total assets expanded 16.6% year-over-year to $84.83B, supported by heavy capital expenditures reflected in investing cash outflows of $3.02B, consistent with Xcel's multi-year infrastructure and clean energy transition investment program.
Source: 10-Q Balance Sheet & Cash Flow Statement, Q1 FY2026
Operating cash flow jumped 65.1% year-over-year to $1.70B, a significant improvement that strengthens the company's ability to fund dividends and partially offset capital expenditure needs internally.
Source: 10-Q Cash Flow Statement, Q1 FY2026
Long-term debt rose 16.6% year-over-year to $35.55B, and financing cash inflows of $2.81B indicate continued reliance on external capital markets to fund the large capital expenditure program, which is typical for capital-intensive regulated utilities.
Source: 10-Q Balance Sheet & Cash Flow Statement, Q1 FY2026
Dividends paid increased 13.4% year-over-year to $347M in Q1 FY2026, demonstrating management's commitment to returning capital to shareholders even as the company pursues an aggressive investment cycle.
Source: 10-Q Cash Flow Statement, Q1 FY2026
Compiled by AI from this SEC filing · 2 high, 3 medium, 0 low
Xcel Energy's investing cash outflows reached $3.02B in Q1 FY2026, a 51.6% increase year-over-year, while long-term debt grew to $35.55B. This heavy reliance on debt financing to fund infrastructure investments exposes the company to interest rate risk and potential credit rating pressure if earnings growth does not keep pace.
Source: 10-Q Balance Sheet & Cash Flow Statement, Q1 FY2026
Current liabilities of $7.64B significantly exceed current assets of $5.88B, resulting in a current ratio of 0.77, below the 1.0 threshold. This negative working capital position means Xcel relies on its ability to continuously access capital markets and generate operating cash flow to meet near-term obligations.
Source: 10-Q Balance Sheet, Q1 FY2026
As a regulated utility, Xcel Energy's revenues and allowed returns are subject to approval by state and federal regulators. Adverse rate case outcomes or delays in recovering capital investments through customer rates could compress margins and slow earnings growth.
Source: 10-Q, Q1 FY2026
Xcel Energy is investing heavily in renewable energy and grid modernization, as evidenced by its rapidly growing asset base (up 16.6% YoY to $84.83B). Delays, cost overruns, or permitting challenges in large capital projects could impair returns and strain the balance sheet.
Source: 10-Q Balance Sheet, Q1 FY2026
Stockholders' equity grew 20.2% year-over-year to $23.81B, partly reflecting equity issuances to fund the capital program alongside debt. Continued equity raises to maintain balance sheet ratios could dilute existing shareholders, which is reflected in the modest 6.0% EPS growth versus 15.1% net income growth.
Source: 10-Q Balance Sheet & Income Statement, Q1 FY2026
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Operating Income $M | 754.00 $M | 677.00 $M | +11.37% |
Net Income $M | 556.00 $M | 483.00 $M | +15.11% |
EPS (Basic) $ | 0.89 $ | 0.84 $ | +5.95% |
EPS (Diluted) $ | 0.89 $ | 0.84 $ | +5.95% |
Answers draw on this SEC filing and the data on this page
In Q2 FY2026, Xcel Energy reported net income of $586M ($0.93 per diluted share), up 32.0% YoY, driven by increased recovery of electric infrastructure investments, higher AFUDC, and unrealized investment gains.
Xcel Energy (XEL) delivered solid FY2025 results with operating income rising 8.3% to $2.58B and net income up 4.2% to $2.02B, while aggressively investing in infrastructure with capital expenditures driving total assets up 16.2% to $81.4B and long-term debt expanding to $31.8B.
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