The company said its GAAP net income for Q1 2025 was $483 million, or $0.84 per share, compared with $488 million, or $0.88 per share, a year earlier. It said there were no adjustments between GAAP earnings and ongoing earnings for the period.

1. 01

   The company said its GAAP net income for Q1 2025 was $483 million, or $0.84 per share, compared with $488 million, or $0.88 per share, a year earlier. It said there were no adjustments between GAAP earnings and ongoing earnings for the period.

2. 02

   The company said the change in EPS for Q1 was driven by higher O&M expenses, depreciation and interest charges, partially offset by increased recovery of infrastructure investments. Xcel Energy also reaffirmed its 2025 ongoing EPS outlook of $3.75 to $3.85.

3. 03

   Xcel Energy said total operating revenues for Q1 2025 were $3,906 million, up from $3,649 million a year earlier. Total operating expenses rose to $3,229 million, and operating income was $677 million, roughly in line with $679 million a year earlier.

4. 04

   The company said total debt was $31,218 million and total capitalization was $51,022 million as of March 31, 2025, while total debt was $29,114 million as of December 31, 2024. In 2025, Xcel Energy Inc. completed $1,100 million of long-term debt, and PSCo completed $1,000 million.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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