The company reported GAAP net income of $444 million and diluted earnings per share of $0.75 for the Q2 2025 with its year, and said the 2024 comparison was $302 million and $0.54. It said GAAP earnings and ongoing earnings were the same for the period.

1. 01

   The company reported GAAP net income of $444 million and diluted earnings per share of $0.75 for the Q2 2025 with its year, and said the 2024 comparison was $302 million and $0.54. It said GAAP earnings and ongoing earnings were the same for the period.

2. 02

   Xcel Energy said the change in earnings per share for Q2 was mainly driven by higher recovery of infrastructure investments, partially offset by higher O&M expenses, depreciation and interest charges. The company reaffirmed its 2025 ongoing earnings per share outlook of $3.75 to $3.85.

3. 03

   Xcel Energy said total debt as of June 30, 2025 was $32,170 million, or 61% of total capitalization of $53,131 million. As of December 31, 2024, it reported $29,114 million, or 60%. Common equity was $20,961 million.

4. 04

   The company said it issued about $1.15 billion of stock under its at-the-market program in the first half of 2025. It also disclosed that it had completed the issuance of $1,100 million of Senior Unsecured Notes at Xcel Energy Inc. as part of its long-term debt issuance this year.

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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