Xcel Energy Q1 EPS Misses, Guidance Reaffirmed

Xcel Energy posted Q1 adjusted EPS $0.91, missing consensus $0.93, and revenue $4.02 bn, below $4.17 bn expectations.
Despite a 2.9% YoY revenue rise, unseasonably warm weather cost $0.089 per share, reducing earnings.
Company reaffirmed FY2026 adjusted EPS guidance $4.04‑$4.16 (midpoint $4.10), slightly below analyst $4.11 consensus.
A $37 m charge for Prairie Island nuclear refunds was partially offset by a $22 m insurance recovery from Marshall Wildfire litigation.