Xcel Energy(US:XEL)2024-10-31 15:14Financial Performance & Guidance - Xcel Energy reaffirmed its 2024 ongoing EPS guidance of $3.50 to $3.60[3] - The company initiated 2025 ongoing EPS guidance of $3.75 to $3.85[3] - Long-term EPS growth objective is 6-8% and dividend growth of 4-6%[3] - The company's consolidated rate base is projected to grow from $46.9 billion in 2024 to $73.5 billion in 2029, representing a CAGR of approximately 9.4%[6] Capital Investment & Resource Planning - Updated capital plan of $45 billion for 2025-2029, with an additional $10+ billion pipeline of potential capital investment[3] - The company's Colorado Resource Plan includes up to 14,000 MW of potential capacity from 2028-2031[3, 9] - Minnesota Resource Plan settlement includes approximately 5,000 MW of new resources[7] - SPS resource plan targets 5,000 – 10,000 MW of generation by 2030[7, 9] Sales Growth & Customer Base - Base retail electric sales CAGR (2024-2029) is forecasted at approximately 5%[10] - The company anticipates approximately 3% increase in W/A retail electric sales for 2025[23] - Data center pipeline of approximately 9,000 MW represents a significant growth opportunity[3] Wildfire Mitigation & Incident Response - The company accrued a liability of $215 million with an offsetting insurance receivable related to the Smokehouse Creek Fire[51] - Colorado Wildfire Mitigation Plan 2025 – 2027 proposes a total spend of $1.9 billion, including $1.53 billion (83%) for system resiliency[49]