Xcel Energy Inc. (XEL) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, and welcome to the Xcel Energy third quarter 2025 earnings conference call. My name is George, and I'll be a coordinator for today's event. Please note, this conference is being recorded, and for the duration of the call, your lines will be in the listen-only mode. A question at the session will follow the prepared remarks, and questions will only be taken from institutional investors and analysts. Reporters can contact media relations with inquiries and individual I call you over now to Rupesh Agarwal, Vice President, Investment Relations, to begin today's conference. Please go ahead, sir. Thank you, George, and good morning. Welcome to Xcel Energy's third quarter 2025 earnings call. Joining me today are Bob Frenzel, Chairman, President, and Chief Executive Officer, and Brian Van Abel, Executive Vice President and Chief Financial Officer. In addition, we have other members of the management team in the room to answer your questions if needed. This morning we will review our third quarter 2025 results and highlights, share recent business and regulatory updates, update our five-year capital and financing plan, and provide updated 2025 assumptions and 2026 guidance. Slides that accompany today's call are available on our website. Some comments during today's call may contain forward-looking information. Significant factors that could cause results to differ from those anticipated are described in our earnings release and SEC filings. Today we will discuss certain metrics that are non-GAAP measures. Information on the comparable GAAP measures and reconciliations are included in our earnings release. In the third quarter of 2025, Xcel Energy recorded a charge of $290 million, or 36 cents per share, reflecting the settlement in principle reached with plaintiffs in...