Xcel Energy (XEL) Tops Q2 EPS by 5c, Revenues Beat; Boosts FY18 EPS Outlook

Xcel Energy (NASDAQ: XEL) reported Q2 EPS of $0.52, $0.05 better than the analyst estimate of $0.47. Revenue for the quarter came in at $2.66 billion versus the consensus estimate of $2.64 billion.

• GAAP and ongoing 2018 second quarter earnings per share were $0.52 compared with $0.45 per share in 2017.
• Xcel Energy revised upward its 2018 guidance range to $2.41 to $2.51 per share from its previous 2018 guidance range of $2.37 to $2.47 per share.

“Xcel Energy achieved strong quarterly and year-to-date results and is well-positioned to deliver earnings within our revised guidance range for the year,” said Ben Fowke, chairman, president and CEO of Xcel Energy.

“We made outstanding progress with our industry-leading reductions in carbon emissions while delivering exceptional value to customers and stakeholders. In June, we filed our Colorado Energy Plan which, if approved, will add 1,100 MW of wind, 700 MW of solar and 275 MW of large-scale battery storage, as we retire one-third of our remaining coal generation in the state. We’ve also achieved key regulatory milestones and now have approvals for our new wind projects in Texas, New Mexico and South Dakota,” concluded Fowke.

GUIDANCE:

Xcel Energy sees FY2018 EPS of $2.41-$2.51, versus the consensus of $2.43.

For earnings history and earnings-related data on Xcel Energy (XEL) click here.

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