A new species of Xylaria is described based on morphological characters of both sexual and asexual morphs, and molecular data based on nuclear rDNA internal transcribed spacer, α-actin, β-tubulin and RNA polymerase subunit II sequences. Xylaria aurantiorubroguttata is characterized by the presence of both upright, cylindrical, long-stipitate and globose to subglobose, short-stipitate stromata, immature stromatal stages producing at first orange and then red drops, and ascospores with a slightly oblique, straight half spore-length germ slit. We provide also new morphological descriptions for X. haemorrhoidalis (holotype) and X. anisopleura (isosyntype), two Xylaria species belonging to X. polymorpha complex together with X. aurantiorubroguttata.