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Xcel Energy Inc. (XEL)
| Previous close | 55.33 |
| Open | 55.51 |
| Bid | 52.58 x 100 |
| Ask | 57.37 x 100 |
| Day's range | 54.35 - 55.69 |
| 52-week range | 46.79 - 70.72 |
| Volume | |
| Avg. volume | 5,734,304 |
| Market cap | 30.54B |
| Beta (5Y monthly) | 0.37 |
| PE ratio (TTM) | 17.13 |
| EPS (TTM) | 3.21 |
| Earnings date | 25 Apr 2024 |
| Forward dividend & yield | 2.19 (3.96%) |
| Ex-dividend date | 14 Mar 2024 |
| 1y target est | 62.57 |
- Reuters
Xcel Energy posts Q1 profit beat as cost-cutting measures bear fruit
Xcel Energy posted a better-than-expected first-quarter profit on Thursday, as the electric and natural gas utility benefited from lower operating expenses due to cost-cutting initiatives and lower natural gas costs. Xcel has been embroiled in legal battles over its role in the Texas Smokehouse Creek blaze that raged in Texas, with two lawsuits claiming that it was negligent in maintaining electrical infrastructure. Its operating expenses were $2.97 billion, 15.3% lower than the prior year as the cost of natural gas sold and transported shrunk by 44% year over year.
GuruFocus.comXcel Energy Inc. (XEL) Q1 2024 Earnings: Surpasses Analyst EPS Estimates
Robust Infrastructure Investments Drive Earnings Growth Amid Market Challenges
Business WireXcel Energy First Quarter 2024 Earnings Report
MINNEAPOLIS, April 25, 2024--Xcel Energy Inc. (NASDAQ: XEL) today reported 2024 first quarter GAAP and ongoing earnings of $488 million, or $0.88 per share, compared with $418 million, or $0.76 per share in the same period in 2023.
