Xcel Energy (XEL) revenues increased in Q3 by 6.6% y/y to 4.17 billion USD, and earnings per share (reported) increased by 72.7% y/y to 1.52 USD.

Quarterly results#

no data.

Company guidance#

The company expects earnings per share in the range of 4.10 USD – 4.16 USD, 4.48 USD – 4.62 USD and 4.04 USD – 4.16 USD.

Management commentary#

Management emphasized that it is conducting advanced negotiations for an energy supply agreement with a large consumer, pointing to the greatest opportunities in the Midwest, Texas, and New Mexico regions. According to management, all investments serve customers through a focus on safety, reliability, and meeting the growing demand for electricity. Management noted that it wants to maintain a strong balance sheet, with plans to expect greater financial flexibility in the later years of the plan. According to management, data centers should self-fund the facilities being built for them, and the company will not connect facilities that do not benefit other customers. Management also indicated that oil companies are increasingly transitioning to electric power, which is driving electricity sales in the Texas and New Mexico region. According to management, combined-cycle gas power plants may become profitable in the future.