Short answer
Xcel Energy (XEL) filed its Q2 2026 10-Q quarterly report on Jul 30, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $3.1B (down 5.1% year over year) with net income of $586M.
Q2 2026 key financials · XBRL
- Revenue
- $3.1B
- −5.1% YoY · −22.4% QoQ
- Net income
- $586M
- +32.0% YoY · +5.4% QoQ
- Operating margin
- 22.6%
- EPS (diluted)
- $0.93
- +24.0% YoY · +4.5% QoQ
Source: XBRL data from the Xcel Energy (XEL) Q2 2026 10-Q on SEC EDGAR. USD.
Xcel Energy Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue change: electric revenues decreased $138M, natural gas revenues decreased $31M in Q2 2026 versus Q2 2025
- GAAP net income $586M vs $444M YoY, with diluted EPS $0.93 vs $0.75
- Best segment: PSCo EPS $0.32 vs $0.26; weakest growth NSP-Wisconsin, EPS $0.06 vs $0.05
- Near-term outlook: final rate decisions expected Q3–Q4 2026; higher interest charges and debt levels remain headwinds
Risk Factors
- No material risk-factor changes from the Dec. 31, 2025 Form 10-K
- Carried-forward risks include regulatory, legal, operational, competitive, market, liquidity, debt, currency, and concentration exposures
- New debt securities: 5.300% and 5.875% SPS first mortgage bonds due 2036 and 2056
- New debt security: NSP-Wisconsin 5.48% first mortgage bonds due June 15, 2041
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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