Xcel: Q3 Earnings Snapshot

Associated Press Finance

2024-10-31

MINNEAPOLIS (AP) — MINNEAPOLIS (AP) — Xcel Energy Inc. (XEL) on Thursday reported third-quarter earnings of $682 million.

On a per-share basis, the Minneapolis-based company said it had profit of $1.21. Earnings, adjusted for non-recurring costs, came to $1.25 per share.

The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.29 per share.

The utility posted revenue of $3.64 billion in the period, also missing Street forecasts. Four analysts surveyed by Zacks expected $3.97 billion.

Xcel expects full-year earnings in the range of $3.50 to $3.60 per share.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on XEL at https://www.zacks.com/ap/XEL

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(XEL) on Thursday reported third-quarter earnings of $682 million.</p>\n<p>On a per-share basis, the Minneapolis-based company said it had profit of $1.21. Earnings, adjusted for non-recurring costs, came to $1.25 per share.</p>\n<p>The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.29 per share.</p>\n<p>The utility posted revenue of $3.64 billion in the period, also missing Street forecasts. Four analysts surveyed by Zacks expected $3.97 billion.</p>\n<p>Xcel expects full-year earnings in the range of $3.50 to $3.60 per share.</p>\n<p>_____</p>\n<p>This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. 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