Xcel Energy said its Q1 2025 GAAP and ongoing diluted earnings per share were $0.84 compared with $0.88 in the same period in 2024. The company cited higher O&M expenses, depreciation and interest charges, partially offset by increased recovery of infrastructure investments, as factors in the change.

1. 01

   Xcel Energy said its Q1 2025 GAAP and ongoing diluted earnings per share were $0.84 compared with $0.88 in the same period in 2024. The company cited higher O&M expenses, depreciation and interest charges, partially offset by increased recovery of infrastructure investments, as factors in the change.

2. 02

   Xcel Energy said O&M expenses increased $81 million for Q1 2025, depreciation and amortization increased $70 million and interest charges increased $41 million. The company cited increased debt levels and higher interest rates as factors in the increase in interest charges.

3. 03

   Xcel Energy said NSP-Minnesota filed in November 2024 a request for a total electric revenue increase of $491 million (13.2%) over 2 years and updated its total revenue request to $473 million in supplemental direct testimony filed in March 2025. Interim rates of $192 million became effective on January 1, 2025.

4. 04

   Xcel Energy said net cash provided by operating activities for the 3 months ended March 31, 2025 decreased $22 million compared with the same period in the prior year and net cash used in investing activities increased $435 million. Net cash provided by financing activities increased $1,029 million, which the company attributed to additional debt and common stock issuances.

Key figures

Quarter ended March 31, 2025

Operating income

$677M

Net income

$483M

EPS

$0.84

Operating cash flow

$1.0B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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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