Xcel Energy’s Solar & Wind Expansion — Is This the Future of America’s Power Grid?

Xcel Energy’s third quarter 2025 earnings results and accompanying strategic outlook offer a mixed picture with both positive developments and challenges. On the financial front, Xcel Energy reported a GAAP earnings per share of $0.88, with ongoing earnings of $1.24 per share after excluding a nonrecurring charge of $0.36 per share related to a settlement for the Marshall wildfire. This nuanced adjustment in financial reporting is crucial for investors to comprehend the real operational performance of the company. Regulatory outcomes and sales growth notably contributed positively to earnings, but their impact was somewhat offset by higher financing, depreciation, and O&M costs, reflecting increased investments and system upkeep requirements.