Xcel Energy said its Q2 2025 GAAP and ongoing diluted earnings per share were $0.75 compared with $0.54 in the same period in 2024. The company cited increased recovery of infrastructure investments as a driver of the change, partially offset by higher O&M expenses, depreciation and interest charges.

10-QQuarterly reportFiled Jul 31, 2025Period of report Jun 30, 2025Summary published (UTC) Oct 11, 2026

Key points

AI summary

Xcel Energy said its Q2 2025 GAAP and ongoing diluted earnings per share were $0.75 compared with $0.54 in the same period in 2024. The company cited increased recovery of infrastructure investments as a driver of the change, partially offset by higher O&M expenses, depreciation and interest charges.
Xcel Energy said year-to-date O&M expenses increased $94 million, depreciation and amortization increased $89 million and interest charges increased $71 million in 2025. The company cited increased insurance and benefit costs, higher nuclear generation costs and the impact of a 2024 gain on land sale as factors in the O&M increase.
Xcel Energy said net cash from operating activities decreased $131 million compared with the prior year for the 6 months ended June 30, 2025. For the same period, net cash used in investing activities increased $1,027 million and net cash from financing activities increased $964 million, the company said.
Xcel Energy said it issued 16.3 million shares under its ATM program for the 6 months ended June 30, 2025, raising net proceeds of $1.15 billion. The company said the increase in financing cash was primarily related to the issuance of common shares to fund capital investments.

Key figures

Quarter ended June 30, 2025

Operating income: $577M
Net income: $444M
EPS: $0.75

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

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.

Q2 GAAP and Ongoing Diluted Earnings Per Share

Xcel Energy said its Q2 2025 GAAP and ongoing diluted earnings per share were $0.75 compared with $0.54 in the same period in 2024. The company cited increased recovery of infrastructure investments as a driver of the change, partially offset by higher O&M expenses, depreciation and interest charges.

Source · Based on the MD&A text of the filing

Year-to-Date Increases in O&M, Depreciation and Interest Charges

Xcel Energy said year-to-date O&M expenses increased $94 million, depreciation and amortization increased $89 million and interest charges increased $71 million in 2025. The company cited increased insurance and benefit costs, higher nuclear generation costs and the impact of a 2024 gain on land sale as factors in the O&M increase.

Source · Based on the MD&A text of the filing

6-Month Year-to-Date Cash Flows

Xcel Energy said net cash from operating activities decreased $131 million compared with the prior year for the 6 months ended June 30, 2025. For the same period, net cash used in investing activities increased $1,027 million and net cash from financing activities increased $964 million, the company said.

Source · Based on the MD&A text of the filing

Common Share Issuance Under ATM Program

Xcel Energy said it issued 16.3 million shares under its ATM program for the 6 months ended June 30, 2025, raising net proceeds of $1.15 billion. The company said the increase in financing cash was primarily related to the issuance of common shares to fund capital investments.

Source · Based on the MD&A text of the filing

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

Unauthorized scraping, data storage and database creation prohibited

Without prior written consent, you must not crawl or scrape data compiled and organized by Chickstock or its analysis and summaries, or collect them repeatedly or in bulk for storage, ingestion or database creation. Repurposing, redistribution, sale and use to build other services are also prohibited.

Unauthorized use may result in access restrictions, demands to stop infringement and delete copies, and claims for damages. Violations of applicable law may also give rise to criminal liability.

Uses permitted by law, the Terms of Service or a separate agreement remain subject to their respective scope. Rights in individual source materials, including original filings, remain with their respective rights holders.