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Xcel Energy® April 29 , 2021 414 Nicollet Mall Minneapolis , MN 55401 Exhibit 99.01 XCEL ENERGY FIRST QUARTER 2021 EARNINGS REPORT GAAP 2021 first quarter EPS was $ 0.67 compared with $ 0.56 in 2020 . Xcel Energy reaffirms 2021 EPS earnings guidance of $ 2.90 to $ 3.00 . MINNEAPOLIS - Xcel Energy Inc. ( NASDAQ : XEL ) today reported 2021 first quarter GAAP and ongoing earnings of $ 362 million , or $ 0.67 per share , compared with $ 295 million , or $ 0.56 per share in the same period in 2020 . Earnings reflect higher electric and natural gas margins , which more than offset additional depreciation , interest charges and less allowance for funds used during construction ( AFUDC ) . " Xcel Energy had a strong first quarter and we are reaffirming our expectation to deliver earnings within our annual guidance range , " said Ben Fowke , chairman and CEO . " We are also pleased to have achieved a significant milestone , reducing carbon emission 51 % from 2005 levels , bringing us more than halfway to our vision of delivering 100 % carbon - free electricity to our customers by 2050. " " We recently proposed significant measures in Colorado that will transform the energy landscape and help the state continue its clean energy leadership . Our Colorado Clean Energy Plan adds more than 5,000 megawatts of renewable energy and accelerates the retirement of our coal plants . The plan will reduce carbon emissions 85 % in Colorado and increase renewable energy to nearly 80 % by 2030. To support this ambitious plan , we also proposed a significant transmission expansion that would add 560 miles of new lines to deliver renewable energy . " At 9:00 a.m. CDT today , Xcel Energy will host a conference call to review financial results . To participate in the call , please dial in 5 to 10 minutes prior to the start and follow the operator's instructions . US Dial - In : International Dial - In : Conference ID : ( 888 ) 394-8218 ( 400 ) 120-9101 7731118 The conference call also will be simultaneously broadcast and archived on Xcel Energy's website at www.xcelenergy.com . To access the presentation , click on Investor Relations . If you are unable to participate in the live event , the call will be available for replay from 12:00 p.m. CDT on April 29 through 12:00 p.m. CDT on May 2 . Replay Numbers US Dial - In : International Dial - In : Access Code : ( 888 ) 203-1112 ( 719 ) 457-0820 7731118 1