Investor Presentaiton
Investor Fact Book October 2023 | Xcel Energy
Xcel Energy Inc. | Operating Company EPS Contributions
The only common equity securities that are publicly traded are common shares of Xcel Energy Inc. The diluted earnings and
EPS of each subsidiary discussed here do not represent a direct legal interest in the assets and liabilities allocated to such
subsidiary but rather represent a direct interest in our assets and liabilities as a whole. Ongoing diluted EPS for Xcel Energy
and by subsidiary is a financial measure not recognized under GAAP. Ongoing diluted EPS is calculated by dividing the net
income or loss attributable to the controlling interest of each subsidiary, adjusted for certain items, by the weighted average
fully diluted Xcel Energy Inc. common shares outstanding for the period. We use this non-GAAP financial measure to evaluate
and provide details of Xcel Energy's core earnings and underlying performance. We believe this measurement is useful to
investors in facilitating period over period comparisons and evaluating or projecting financial results. This non-GAAP financial
measure should not be considered as an alternative to measures calculated and reported in accordance with GAAP.
Diluted Earnings (Loss) Per Share
PSCo
NSPM
SPS
NSPW
Equity earnings of unconsolidated subsidiaries
Regulated utility
Xcel Energy Inc. and other
Total GAAP and ongoing diluted EPS
2022
2021
2020
$1.33
$1.22
$1.11
1.23
1.12
1.12
0.64
0.59
0.56
0.23
0.20
0.20
0.04
0.05
0.05
3.47
3.18
3.04
(0.29)
(0.22)
(0.25)
$3.17
$2.96
$2.79
Xcel Energy's management believes that ongoing earnings reflects management's performance in operating the company and provides a
meaningful representation of the performance of Xcel Energy's core business. In addition, Xcel Energy's management uses ongoing earnings
internally for financial planning and analysis, for reporting of results to the Board of Directors and when communicating its earnings outlook to
analysts and investors.
Amounts may not sum due to rounding.
Xcel Energy Inc. | Estimated Impact of Weather on EPS
Retail Electric
NSPM
NSPW
PSCo
SPS
Xcel Energy
Decoupling - CO
Sales True-up - MN
Xcel Energy (adjusted for recovery from decoupling)
2022 vs.
Normal
2021 vs.
Normal
2022 vs.
2021
$0.041
$0.064
($0.023)
0.005
0.003
0.002
0.052
0.024
0.028
0.040
0.005
0.035
0.138
0.096
0.042
(0.033)
(0.008)
(0.025)
(0.028)
(0.058)
0.030
$0.077
$0.030
$0.047
2022 vs.
Normal
2021 vs.
Normal
2022 vs.
2021
Firm Natural Gas
NSPM
NSPW
PSCo
$0.010
0.004
0.023
($0.006)
$0.016
(0.002)
0.006
(0.017)
0.040
$0.037
($0.025)
$0.062
23
223
Xcel Energy
Amounts may not sum due to rounding.View entire presentation