We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Xcel Energy to Post Q2 Earnings: What's in Store for the Stock?
Read MoreHide Full Article
Key Takeaways
Xcel Energy's Q2 EPS is expected at 79 cents, up 5.33%, as revenues rise 9.44% to $3.60 billion.
Higher power and gas demand, new rates and data-center growth are likely to support XEL's results.
New solar and battery assets may boost XEL's earnings, while higher financing costs could offset gains.
Xcel Energy (XEL - Free Report) is set to report second-quarter 2026 earnings on July 30, before the market opens. The company reported earnings in line with the Zacks Consensus Estimate in the last reported quarter.
Let us discuss the factors that are likely to be reflected in the upcoming quarterly results.
Q2 Expectations for XEL
The Zacks Consensus Estimate for earnings is pegged at 79 cents, implying a year-over-year increase of 5.33%.
The consensus estimate for revenues is pinned at $3.60 billion, indicating an increase of 9.44% from the year-ago reported number.
Factors Likely to Have Impacted XEL’s Q2 Earnings
Xcel Energy's second-quarter 2026 performance is likely to have benefited from higher electric and natural gas demand, along with the implementation of new rates across its regulated service territories. Growing electricity demand from data centers is also likely to have contributed to the company's second-quarter earnings growth.
Xcel Energy's strategic capital investments in infrastructure, including transmission, distribution and generation assets, are likely to have supported the company’s second-quarter earnings. On April 14, 2026, the company placed into service a 150-megawatt solar facility at Plant X near Earth, TX and battery energy storage systems at Cunningham Generating Station in New Mexico.
The new projects placed into service during the second quarter are likely to have strengthened the company's renewable generation and energy storage portfolio, enhanced grid reliability and expanded its regulated asset base, thereby supporting earnings growth. The company is also expected to have gained from rising demand across its expanding electric and natural gas customer base.
However, higher financing costs may partially offset the positives during the second quarter.
What Our Quantitative Model Predicts for XEL
Our proven model does not conclusively predict an earnings beat for Xcel Energy this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That is not the case here, as you will see below.
XEL’s Earnings ESP: The company has an Earnings ESP of -0.06% at present. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Investors may consider the following players from the same industry, as these have the right combination of elements to post an earnings beat this reporting cycle.
Ameren (AEE - Free Report) is set to report second-quarter results on July 31 and is likely to have come up with an earnings beat. It has an Earnings ESP of +0.19% and a Zacks Rank #2 at present.
AEE’s long-term (three to five years) earnings growth rate is 7.68%. The Zacks Consensus Estimate for second-quarter EPS is pinned at $1.08, which implies a year-over-year increase of 6.93%.
Edison International (EIX - Free Report) is set to report second-quarter results on July 30 and is likely to have come up with an earnings beat. It has an Earnings ESP of +4.66% and a Zacks Rank #2 at present.
EIX’s long-term earnings growth rate is 2.10%. The Zacks Consensus Estimate for second-quarter EPS is pinned at $1.02, which implies a year-over-year increase of 5.15%.
The Southern Company (SO - Free Report) is scheduled to report second-quarter results on July 30 and is likely to have come up with an earnings beat. It has an Earnings ESP of +1.16% and a Zacks Rank #3 at present.
SO’s long-term earnings growth rate is 11.36%. The Zacks Consensus Estimate for second-quarter EPS is pinned at $1.01, which implies a year-over-year increase of 10.99%.
View the Zacks #1 Rank List
Image: Bigstock
Xcel Energy to Post Q2 Earnings: What's in Store for the Stock?
Key Takeaways
Xcel Energy (XEL - Free Report) is set to report second-quarter 2026 earnings on July 30, before the market opens. The company reported earnings in line with the Zacks Consensus Estimate in the last reported quarter.
Let us discuss the factors that are likely to be reflected in the upcoming quarterly results.
Q2 Expectations for XEL
The Zacks Consensus Estimate for earnings is pegged at 79 cents, implying a year-over-year increase of 5.33%.
The consensus estimate for revenues is pinned at $3.60 billion, indicating an increase of 9.44% from the year-ago reported number.
Factors Likely to Have Impacted XEL’s Q2 Earnings
Xcel Energy's second-quarter 2026 performance is likely to have benefited from higher electric and natural gas demand, along with the implementation of new rates across its regulated service territories. Growing electricity demand from data centers is also likely to have contributed to the company's second-quarter earnings growth.
Xcel Energy's strategic capital investments in infrastructure, including transmission, distribution and generation assets, are likely to have supported the company’s second-quarter earnings. On April 14, 2026, the company placed into service a 150-megawatt solar facility at Plant X near Earth, TX and battery energy storage systems at Cunningham Generating Station in New Mexico.
The new projects placed into service during the second quarter are likely to have strengthened the company's renewable generation and energy storage portfolio, enhanced grid reliability and expanded its regulated asset base, thereby supporting earnings growth. The company is also expected to have gained from rising demand across its expanding electric and natural gas customer base.
However, higher financing costs may partially offset the positives during the second quarter.
What Our Quantitative Model Predicts for XEL
Our proven model does not conclusively predict an earnings beat for Xcel Energy this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That is not the case here, as you will see below.
XEL’s Earnings ESP: The company has an Earnings ESP of -0.06% at present. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
XEL’s Zacks Rank: Currently, Xcel Energy carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Xcel Energy Inc. Price and EPS Surprise
Xcel Energy Inc. price-eps-surprise | Xcel Energy Inc. Quote
Stocks to Consider
Investors may consider the following players from the same industry, as these have the right combination of elements to post an earnings beat this reporting cycle.
Ameren (AEE - Free Report) is set to report second-quarter results on July 31 and is likely to have come up with an earnings beat. It has an Earnings ESP of +0.19% and a Zacks Rank #2 at present.
AEE’s long-term (three to five years) earnings growth rate is 7.68%. The Zacks Consensus Estimate for second-quarter EPS is pinned at $1.08, which implies a year-over-year increase of 6.93%.
Edison International (EIX - Free Report) is set to report second-quarter results on July 30 and is likely to have come up with an earnings beat. It has an Earnings ESP of +4.66% and a Zacks Rank #2 at present.
EIX’s long-term earnings growth rate is 2.10%. The Zacks Consensus Estimate for second-quarter EPS is pinned at $1.02, which implies a year-over-year increase of 5.15%.
The Southern Company (SO - Free Report) is scheduled to report second-quarter results on July 30 and is likely to have come up with an earnings beat. It has an Earnings ESP of +1.16% and a Zacks Rank #3 at present.
SO’s long-term earnings growth rate is 11.36%. The Zacks Consensus Estimate for second-quarter EPS is pinned at $1.01, which implies a year-over-year increase of 10.99%.