Xcel Energy (XEL) Q4 FY25 earnings call

Xcel Energy delivered strong Q4 FY25 ongoing earnings, meeting guidance for the 21st consecutive year, driven by strategic investments in grid modernization and clean energy. The company significantly expanded its contracted data center capacity target to 6 GW by 2027 and forged key partnerships with NextEra Energy and GE Vernova to accelerate development and ensure supply chain certainty. While managing increased O&M costs and addressing wildfire liabilities, Xcel Energy is focused on regulatory outcomes to improve earned returns and extend its growth opportunities into the next decade.