Subtext

Xcel Energy Inc. XEL

SectorUtilities
Transcripts78
Date range2005-10-31 – 2025-04-24
Calls charted77

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-17-9+0+9+172005 Q32008 Q32011 Q12013 Q32016 Q12018 Q32021 Q12023 Q32005 Q3 · Overall: +0.42005 Q4 · Overall: -2.22006 Q1 · Overall: +0.22006 Q2 · Overall: -5.92006 Q3 · Overall: +1.62006 Q4 · Overall: -2.32007 Q2 · Overall: +5.62007 Q4 · Overall: +7.82008 Q1 · Overall: +0.72008 Q2 · Overall: -5.52008 Q3 · Overall: -6.12008 Q4 · Overall: -0.22009 Q1 · Overall: +4.12009 Q2 · Overall: -10.42009 Q3 · Overall: +0.32009 Q4 · Overall: -4.22010 Q1 · Overall: +1.32010 Q2 · Overall: +0.52010 Q3 · Overall: +6.32010 Q4 · Overall: +5.12011 Q1 · Overall: -5.52011 Q2 · Overall: +3.92011 Q3 · Overall: +0.32011 Q4 · Overall: -3.72012 Q1 · Overall: -1.22012 Q2 · Overall: -2.72012 Q3 · Overall: +2.72012 Q4 · Overall: +4.82013 Q1 · Overall: +5.82013 Q2 · Overall: +1.92013 Q3 · Overall: +4.12013 Q4 · Overall: +8.42014 Q1 · Overall: +9.52014 Q2 · Overall: +11.82014 Q3 · Overall: +4.82014 Q4 · Overall: +12.22015 Q1 · Overall: +9.12015 Q2 · Overall: +7.42015 Q3 · Overall: +7.82015 Q4 · Overall: +7.52016 Q1 · Overall: +6.72016 Q2 · Overall: +8.62016 Q3 · Overall: +9.12016 Q4 · Overall: +6.22017 Q1 · Overall: +4.32017 Q2 · Overall: +12.22017 Q3 · Overall: +5.72017 Q4 · Overall: +12.82018 Q1 · Overall: +9.92018 Q2 · Overall: +8.02018 Q3 · Overall: +11.52018 Q4 · Overall: +14.82019 Q1 · Overall: +14.82019 Q2 · Overall: +9.92019 Q3 · Overall: +8.62019 Q4 · Overall: +14.02020 Q1 · Overall: -4.72020 Q2 · Overall: +12.82020 Q3 · Overall: +8.82020 Q4 · Overall: +12.32021 Q1 · Overall: +10.22021 Q2 · Overall: +13.72021 Q3 · Overall: +12.52021 Q4 · Overall: +5.32022 Q1 · Overall: +10.82022 Q2 · Overall: +12.82022 Q3 · Overall: +11.62022 Q4 · Overall: +15.02023 Q1 · Overall: +4.82023 Q2 · Overall: +3.72023 Q3 · Overall: +5.92023 Q4 · Overall: -2.82024 Q1 · Overall: +0.02024 Q2 · Overall: +10.52024 Q3 · Overall: +7.32024 Q4 · Overall: +6.72025 Q1 · Overall: +6.2
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-34-17+0+17+342005 Q32008 Q32011 Q12013 Q32016 Q12018 Q32021 Q12023 Q32011 Q2 · CEO: +8.22011 Q3 · CEO: +6.42011 Q4 · CEO: -4.12012 Q1 · CEO: -0.42012 Q2 · CEO: -2.42012 Q3 · CEO: +7.62012 Q4 · CEO: +18.12013 Q1 · CEO: +13.62013 Q2 · CEO: +4.42013 Q3 · CEO: +13.62013 Q4 · CEO: +13.32014 Q1 · CEO: +14.22014 Q2 · CEO: +17.92014 Q3 · CEO: +11.22014 Q4 · CEO: +20.72015 Q4 · CEO: +15.72016 Q3 · CEO: +9.42016 Q4 · CEO: +7.42017 Q1 · CEO: +15.22017 Q2 · CEO: +16.32017 Q3 · CEO: +8.92017 Q4 · CEO: +21.72018 Q1 · CEO: +22.92018 Q2 · CEO: +12.02018 Q3 · CEO: +24.12018 Q4 · CEO: +20.32019 Q1 · CEO: +27.12019 Q2 · CEO: +14.92019 Q3 · CEO: +11.72019 Q4 · CEO: +20.52020 Q1 · CEO: +2.62020 Q2 · CEO: +30.02020 Q3 · CEO: +12.62020 Q4 · CEO: +22.22021 Q1 · CEO: +18.12021 Q2 · CEO: +17.62021 Q3 · CEO: +17.52021 Q4 · CEO: +7.12022 Q1 · CEO: +17.32022 Q2 · CEO: +21.42022 Q3 · CEO: +15.12022 Q4 · CEO: +19.62023 Q1 · CEO: +0.92023 Q2 · CEO: +7.92023 Q3 · CEO: +9.12023 Q4 · CEO: +4.42024 Q1 · CEO: +11.42024 Q2 · CEO: +17.62024 Q3 · CEO: +6.82024 Q4 · CEO: +11.42025 Q1 · CEO: +10.12005 Q3 · CFO: +0.42005 Q4 · CFO: +2.42006 Q1 · CFO: +1.92006 Q2 · CFO: +1.12006 Q3 · CFO: +6.02006 Q4 · CFO: -1.02007 Q2 · CFO: +8.52008 Q1 · CFO: +19.22008 Q2 · CFO: +0.02008 Q4 · CFO: +3.52009 Q1 · CFO: +5.12009 Q2 · CFO: -9.42009 Q3 · CFO: -0.72009 Q4 · CFO: -3.92010 Q1 · CFO: +0.02010 Q2 · CFO: +6.22010 Q3 · CFO: +11.32010 Q4 · CFO: +11.22011 Q1 · CFO: +4.82011 Q2 · CFO: +0.02011 Q3 · CFO: +5.72011 Q4 · CFO: +9.62012 Q1 · CFO: +1.92012 Q2 · CFO: +1.92012 Q3 · CFO: +2.62012 Q4 · CFO: +7.02013 Q1 · CFO: +2.82013 Q2 · CFO: +9.22013 Q3 · CFO: +3.32013 Q4 · CFO: +11.82014 Q1 · CFO: +12.82014 Q2 · CFO: +9.72014 Q3 · CFO: +11.12014 Q4 · CFO: +10.82015 Q4 · CFO: +6.02016 Q3 · CFO: +18.82016 Q4 · CFO: +6.42017 Q1 · CFO: -1.22017 Q2 · CFO: +9.22017 Q3 · CFO: +11.82017 Q4 · CFO: +16.32018 Q1 · CFO: +5.32018 Q2 · CFO: +4.42018 Q3 · CFO: +7.22018 Q4 · CFO: +18.72019 Q1 · CFO: +20.62019 Q2 · CFO: +12.52019 Q3 · CFO: +11.12019 Q4 · CFO: +15.22020 Q1 · CFO: -6.12020 Q2 · CFO: +5.52020 Q3 · CFO: +10.12020 Q4 · CFO: +13.02021 Q1 · CFO: +7.92021 Q2 · CFO: +11.92021 Q3 · CFO: +14.92021 Q4 · CFO: +7.82022 Q1 · CFO: +11.52022 Q2 · CFO: +15.02022 Q3 · CFO: +16.22022 Q4 · CFO: +14.42023 Q1 · CFO: +11.82023 Q2 · CFO: +3.52023 Q3 · CFO: +8.12023 Q4 · CFO: -0.72024 Q1 · CFO: +2.92024 Q2 · CFO: +8.02024 Q3 · CFO: +10.62024 Q4 · CFO: +10.22025 Q1 · CFO: +5.4
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-29-15+0+15+292005 Q32008 Q32011 Q12013 Q32016 Q12018 Q32021 Q12023 Q32005 Q3 · Prepared remarks: +0.02005 Q4 · Prepared remarks: +2.92006 Q1 · Prepared remarks: +2.52006 Q2 · Prepared remarks: +2.72006 Q3 · Prepared remarks: +12.12006 Q4 · Prepared remarks: -0.62007 Q2 · Prepared remarks: +10.72007 Q4 · Prepared remarks: +9.42008 Q1 · Prepared remarks: -0.52008 Q2 · Prepared remarks: -5.22008 Q3 · Prepared remarks: -7.82008 Q4 · Prepared remarks: +3.52009 Q1 · Prepared remarks: -0.52009 Q2 · Prepared remarks: -9.82009 Q3 · Prepared remarks: +0.02009 Q4 · Prepared remarks: -2.52010 Q1 · Prepared remarks: +4.82010 Q2 · Prepared remarks: +11.02010 Q3 · Prepared remarks: +7.52010 Q4 · Prepared remarks: +14.82011 Q1 · Prepared remarks: -4.62011 Q2 · Prepared remarks: +13.02011 Q3 · Prepared remarks: +10.32011 Q4 · Prepared remarks: +5.32012 Q1 · Prepared remarks: +2.02012 Q2 · Prepared remarks: +1.02012 Q3 · Prepared remarks: +3.82012 Q4 · Prepared remarks: +18.82013 Q1 · Prepared remarks: +12.22013 Q2 · Prepared remarks: +10.62013 Q3 · Prepared remarks: +1.92013 Q4 · Prepared remarks: +21.42014 Q1 · Prepared remarks: +14.42014 Q2 · Prepared remarks: +14.12014 Q3 · Prepared remarks: +18.52014 Q4 · Prepared remarks: +19.72015 Q1 · Prepared remarks: +10.82015 Q2 · Prepared remarks: +8.22015 Q3 · Prepared remarks: +10.62015 Q4 · Prepared remarks: +10.62016 Q1 · Prepared remarks: +7.32016 Q2 · Prepared remarks: +9.22016 Q3 · Prepared remarks: +15.52016 Q4 · Prepared remarks: +9.52017 Q1 · Prepared remarks: +4.42017 Q2 · Prepared remarks: +12.72017 Q3 · Prepared remarks: +11.52017 Q4 · Prepared remarks: +19.62018 Q1 · Prepared remarks: +20.32018 Q2 · Prepared remarks: +10.12018 Q3 · Prepared remarks: +24.52018 Q4 · Prepared remarks: +22.42019 Q1 · Prepared remarks: +23.22019 Q2 · Prepared remarks: +16.62019 Q3 · Prepared remarks: +13.72019 Q4 · Prepared remarks: +24.62020 Q1 · Prepared remarks: -5.92020 Q2 · Prepared remarks: +13.22020 Q3 · Prepared remarks: +12.12020 Q4 · Prepared remarks: +14.72021 Q1 · Prepared remarks: +10.52021 Q2 · Prepared remarks: +25.52021 Q3 · Prepared remarks: +21.22021 Q4 · Prepared remarks: +9.42022 Q1 · Prepared remarks: +16.52022 Q2 · Prepared remarks: +18.62022 Q3 · Prepared remarks: +16.42022 Q4 · Prepared remarks: +14.82023 Q1 · Prepared remarks: +10.82023 Q2 · Prepared remarks: +8.02023 Q3 · Prepared remarks: +12.42023 Q4 · Prepared remarks: +14.52024 Q1 · Prepared remarks: +15.12024 Q2 · Prepared remarks: +19.92024 Q3 · Prepared remarks: +8.62024 Q4 · Prepared remarks: +17.42025 Q1 · Prepared remarks: +10.92005 Q4 · Q&A responses: -4.62006 Q1 · Q&A responses: +3.62006 Q2 · Q&A responses: -3.82006 Q3 · Q&A responses: +2.52006 Q4 · Q&A responses: -2.52007 Q2 · Q&A responses: -1.22007 Q4 · Q&A responses: +11.62008 Q1 · Q&A responses: +13.42008 Q3 · Q&A responses: -1.32008 Q4 · Q&A responses: +0.02009 Q1 · Q&A responses: +12.72009 Q2 · Q&A responses: -7.62009 Q3 · Q&A responses: +6.52009 Q4 · Q&A responses: +5.12010 Q1 · Q&A responses: -7.12010 Q2 · Q&A responses: -2.82010 Q3 · Q&A responses: +12.72010 Q4 · Q&A responses: +7.62011 Q1 · Q&A responses: +6.32011 Q2 · Q&A responses: -1.62011 Q3 · Q&A responses: +0.42011 Q4 · Q&A responses: -4.82012 Q1 · Q&A responses: -1.02012 Q2 · Q&A responses: -2.02012 Q3 · Q&A responses: +7.12012 Q4 · Q&A responses: +0.82013 Q1 · Q&A responses: -5.52013 Q2 · Q&A responses: +1.32013 Q3 · Q&A responses: +11.72013 Q4 · Q&A responses: +1.82014 Q1 · Q&A responses: +4.82014 Q2 · Q&A responses: +11.72014 Q3 · Q&A responses: +1.52014 Q4 · Q&A responses: +10.52015 Q1 · Q&A responses: +2.92015 Q2 · Q&A responses: +7.32015 Q3 · Q&A responses: +8.12015 Q4 · Q&A responses: +8.82016 Q3 · Q&A responses: +12.22016 Q4 · Q&A responses: +5.22017 Q1 · Q&A responses: +7.82017 Q3 · Q&A responses: +8.92017 Q4 · Q&A responses: +9.02018 Q1 · Q&A responses: +4.02018 Q2 · Q&A responses: +7.82018 Q3 · Q&A responses: +10.62018 Q4 · Q&A responses: +17.12019 Q1 · Q&A responses: +18.82019 Q2 · Q&A responses: +6.42019 Q3 · Q&A responses: +10.82019 Q4 · Q&A responses: +13.02020 Q1 · Q&A responses: +1.42020 Q2 · Q&A responses: +13.62020 Q3 · Q&A responses: +12.02020 Q4 · Q&A responses: +15.92021 Q1 · Q&A responses: +23.32021 Q2 · Q&A responses: +7.22021 Q3 · Q&A responses: +12.12021 Q4 · Q&A responses: +5.02022 Q1 · Q&A responses: +11.12022 Q2 · Q&A responses: +16.42022 Q3 · Q&A responses: +13.52022 Q4 · Q&A responses: +17.32023 Q1 · Q&A responses: +5.32023 Q2 · Q&A responses: +4.12023 Q3 · Q&A responses: +6.12023 Q4 · Q&A responses: +0.52024 Q1 · Q&A responses: +2.72024 Q2 · Q&A responses: +7.92024 Q3 · Q&A responses: +7.72024 Q4 · Q&A responses: +4.72025 Q1 · Q&A responses: +5.7
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$1.87$2.89$3.912005 Q32008 Q32011 Q12013 Q32016 Q12018 Q32021 Q12023 Q32014 Q1: $2.022014 Q2: $2.052014 Q3: $2.082014 Q4: $2.092015 Q1: $2.122015 Q2: $2.152015 Q3: $2.192015 Q4: $2.222016 Q1: $2.232016 Q2: $2.262016 Q3: $2.292016 Q4: $2.312017 Q1: $2.352017 Q2: $2.392017 Q3: $2.422017 Q4: $2.452018 Q1: $2.472018 Q2: $2.512018 Q3: $2.562018 Q4: $2.602019 Q1: $2.652019 Q2: $2.712019 Q3: $2.752019 Q4: $2.782020 Q1: $2.832020 Q2: $2.852020 Q3: $2.922020 Q4: $2.972021 Q1: $3.022021 Q2: $3.082021 Q3: $3.122021 Q4: $3.172022 Q1: $3.232022 Q2: $3.292022 Q3: $3.332022 Q4: $3.372023 Q1: $3.442023 Q2: $3.482023 Q3: $3.542023 Q4: $3.582024 Q1: $3.642024 Q2: $3.712024 Q3: $3.77

Forward P/E

13.3419.2125.082005 Q32008 Q32011 Q12013 Q32016 Q12018 Q32021 Q12023 Q32014 Q1: 14.812014 Q2: 15.342014 Q3: 15.042014 Q4: 16.632015 Q1: 16.492015 Q2: 15.112015 Q3: 15.252015 Q4: 16.412016 Q1: 18.332016 Q2: 18.732016 Q3: 17.822016 Q4: 17.332017 Q1: 18.722017 Q2: 19.822017 Q3: 20.292017 Q4: 20.752018 Q1: 17.632018 Q2: 16.932018 Q3: 18.402018 Q4: 19.582019 Q1: 21.362019 Q2: 22.482019 Q3: 23.232019 Q4: 22.952020 Q1: 21.672020 Q2: 22.422020 Q3: 24.272020 Q4: 22.082021 Q1: 20.762021 Q2: 22.042021 Q3: 20.962021 Q4: 21.712022 Q1: 21.412022 Q2: 20.052022 Q3: 22.582022 Q4: 21.142023 Q1: 19.582023 Q2: 17.962023 Q3: 16.432023 Q4: 17.692024 Q1: 14.152024 Q2: 14.342024 Q3: 17.07

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2014 Q3 tone ↓ -7.0 fwd EPS ↑ +0.03 Tone cooled even as the forward EPS estimate rose.
  • 2015 Q1 tone ↓ -3.1 fwd EPS ↑ +0.03 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q4 tone ↓ -2.9 fwd EPS ↑ +0.02 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q3 tone ↓ -6.5 fwd EPS ↑ +0.03 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q2 tone ↓ -4.9 fwd EPS ↑ +0.05 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q1 tone ↓ -18.7 fwd EPS ↑ +0.05 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q3 tone ↓ -4.0 fwd EPS ↑ +0.07 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q1 tone ↓ -2.1 fwd EPS ↑ +0.05 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q4 tone ↓ -7.2 fwd EPS ↑ +0.05 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q1 tone ↓ -10.1 fwd EPS ↑ +0.07 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q4 tone ↓ -8.6 fwd EPS ↑ +0.04 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q3 tone ↓ -3.2 fwd EPS ↑ +0.06 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-04-24+6.2——View →
2024 Q42025-02-06+6.7——View →
2024 Q32024-10-31+7.3$3.7717.1View →
2024 Q22024-08-01+10.5$3.7114.3View →
2024 Q12024-04-24+0.0$3.6414.2View →
2023 Q42024-01-24-2.8$3.5817.7View →
2023 Q32023-10-26+5.9$3.5416.4View →
2023 Q22023-07-27+3.7$3.4818.0View →