Sep. 15 at 8:18 AM
$XEL Xcel Q2 2025 results were solid by utility standards: diluted EPS of
$0.75 versus
$0.54 a year ago, with net income tracking higher as well. The numbers signal steady growth, though the trajectory reflects scale & regulation more than innovation. The company is rolling out new projects in Texas & New Mexico to meet rising demand, part of its gradual shift toward renewables & grid expansion. These projects play well in press releases, though execution remains at the mercy of permitting & capital costs. Institutional interest has picked up, with firms like Nissay & Amundi adding positions. This reflects confidence in the regulated-utility-plus-renewables narrative. Risks are predictable: valuation stretched near a 52-week high of ~
$74.44 with a P/E of ~20, sensitivity to interest rates & cost of capital, & exposure to regulatory or environmental approval delays. For all the renewable branding,
$XCEL remains a utility: steady, incremental, & never far from bureaucratic bottlenecks.
