Xcel Energy forecasts 9+% EPS growth through 2031
XEL•Xcel Energy forecasts 2026 ongoing earnings of $4.48-$4.62 per share and EPS growth above 9% through 2031. Its $70 billion 2027-2031 capital plan supports projected annual rate base growth of about 11%.
1. Earnings and investment outlook
Xcel Energy forecasts 2026 ongoing earnings of $4.48-$4.62 per share and expects EPS growth to exceed 9% through 2031, supporting a total shareholder return target above 11%. Its $70 billion base capital plan for 2027-2031 underpins projected rate base growth of approximately 11% annually from 2026 through 2031. The company also identified more than $10 billion in potential incremental investment, and forecasts retail electric sales growth of approximately 5% annually, with data centers contributing 3 percentage points.
