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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 | 30.798B |
| Beta (5Y monthly) | 0.37 |
| PE ratio (TTM) | 17.27 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | 2.19 (3.96%) |
| Ex-dividend date | 14 Mar 2024 |
| 1y target est | N/A |
- Reuters
UPDATE 1-Xcel Energy posts Q1 profit beat despite mounting wildfire liabilities
Xcel Energy posted a better-than-expected first-quarter profit on Thursday, even as the electric and natural gas utility faced growing liabilities tied to the largest wildfire in Texas history. Xcel faces 15 lawsuits in connection with the Texas Smokehouse Creek blaze, which burned more than 1 million acres in the Lone Star state this year, with at least two of the complaints claiming the utility was negligent in maintaining electrical infrastructure that led to the fire. Anticipating losses from the Smokehouse Creek Fire, Xcel recorded a pre-tax charge during the quarter of $215 million, which it called the low-end of a range.
- 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.com
Xcel Energy Inc. (XEL) Q1 2024 Earnings: Surpasses Analyst EPS Estimates
Robust Infrastructure Investments Drive Earnings Growth Amid Market Challenges
