Xcel Energy stock gained 1.20 percent on October 2 ahead of earnings

Published on 10/04/2026 at 15:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Xcel Energy stock heads into its October 29 report after Q2 EPS of USD 0.93 beat the USD 0.79 consensus. Revenue fell 5.1 percent year over year to USD 3.12 billion.

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Xcel Energy stock (ISIN US98389B1008) gained 1.20 percent to USD 71.40 on Nasdaq on October 2, 2026, giving the utility a market capitalization of USD 44.6 billion. The next earnings report is scheduled for October 29, 2026, according to MarketBeat.

Second-quarter earnings set the benchmark

Xcel Energy reported second-quarter EPS of USD 0.93 for the period ended June 30, 2026, above the USD 0.79 consensus. MarketBeat reported that quarterly revenue was USD 3.12 billion, down 5.1 percent from the prior-year quarter and below the USD 3.54 billion consensus.

The earnings mix matters because the EPS beat came alongside weaker revenue. Prior-year quarterly EPS was USD 1.59, making the latest USD 0.93 result a lower comparison even as it exceeded the current estimate.

Analysts see room above the market

Scotiabank initiated coverage with a Sector Outperform rating on September 29, 2026, according to MarketBeat. The report cited a consensus Buy rating and an average target of USD 91.65.

MarketBeat lists 17 analysts, including 13 Buy ratings, three Strong Buy ratings and one Hold rating. Its highest target is USD 102.00 and its lowest is USD 77.00, while the average target is 28.36 percent above the October 2 price.

Stock remains below its yearly high

Xcel Energy's October 2 price of USD 71.40 stood 15.2 percent below its 52-week high of USD 84.23 and USD 2.68 above its 52-week low of USD 68.72. Trading volume reached 4,563,141 shares, giving the daily gain a clear market-data footprint.

The company serves regulated electric and natural gas customers across eight US states. Its profile lists electricity and natural gas delivery as its core activities, with regulated electric utility as the main industry classification.

October 29 results are next

Xcel Energy is set to publish third-quarter 2026 results before the market opens on October 29, 2026, followed by a conference call at 10:00 a.m. ET, as MarketBeat states.

Xcel Energy stock was last at USD 71.40 on Nasdaq on October 2, 2026. The next report will test whether the second-quarter EPS advantage can coexist with a recovery in revenue.