Utilities
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.
Key risk: Short-Term Liquidity and Current Ratio Imbalance
Current liabilities increased 47.3% YoY to $8.67B, outpacing current assets of $6.08B and resulting in a Current Ratio of 0.70. This reliance on short-term debt and credit facilities creates liquidity pressure in a higher interest rate environment.
Other Multi-Utilities companies