Xcel Energy (XEL) to Report Q4 Earnings: What’s in Offing? Posted byZacks Equity Research January 21, 2022 Leave a comment on Xcel Energy (XEL) to Report Q4 Earnings: What’s in Offing? Xcel Energy Inc.’s (XEL) fourth-quarter results are likely to have benefited from new electric and natural gas rates, marginally offset by an increase in operating expenses.