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e Xcel Energy® October 28 , 2021 XCEL ENERGY THIRD QUARTER 2021 EARNINGS REPORT Third quarter GAAP diluted earnings per share were $ 1.13 in 2021 compared with $ 1.14 in 2020 . Year - to - date GAAP diluted earnings per share for 2021 were $ 2.38 compared with $ 2.25 in 2020 . Xcel Energy narrows its 2021 EPS earnings guidance range to $ 2.94 to $ 2.98 from $ 2.90 to $ 3.00 . Xcel Energy initiates 2022 EPS earnings guidance of $ 3.10 to $ 3.20 . 414 Nicollet Mall Minneapolis , MN 55401 MINNEAPOLIS Xcel Energy Inc. ( NASDAQ : XEL ) today reported 2021 third quarter GAAP and ongoing earnings of $ 609 million , or $ 1.13 per share , compared with $ 603 million , or $ 1.14 per share in the same period in 2020 . Earnings reflect higher electric and natural gas margins and lower operating and maintenance ( O & M ) expenses , which were offset by additional depreciation and lower allowance for funds used during construction ( AFUDC ) . Exhibit 99.01 share . " Xcel Energy posted strong year - to - date results , so we're narrowing our 2021 earnings guidance to $ 2.94 to $ 2.98 per We are also issuing an updated capital forecast of $ 26 billion for 2022 to 2026 , which will provide significant benefits to our customers , help us to achieve our goal of an 80 % reduction in CO₂ emissions from 2005 levels by 2030 and a carbon free electric system by 2050 , and drive rate base growth of 6.5 % . In addition , we are initiating 2022 earnings guidance of $ 3.10 to $ 3.20 per share , which is consistent with our long - term growth objective , " said Bob Frenzel , president and CEO of Xcel Energy . " I'm also pleased the company is delivering on our vision to power 1.5 million electric vehicles by 2030. We just unveiled a suite of EV charging programs for our customers in Colorado that will make it easier , faster and more affordable for customers to charge their EVs , including those living in multifamily buildings . That program is one of the reasons that we were proud to have President Biden recognize Xcel Energy's clean energy leadership during his visit to the National Renewable Energy Laboratory last month . " ( 888 ) 204-4368 ( 400 ) 120-9101 5692678 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 ) 203-1112 ( 719 ) 457-0820 5692678 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 Investors under Company . If you are unable to participate in the live event , the call will be available for replay from 12:00 p.m. CDT on Oct. 28 through 12:00 p.m. CDT on Oct. 31 . Replay Numbers US Dial - In : International Dial - In : Access Code : 1