Xcel Energy (XEL) Reports In-Line Q4 EPS, Revenues Beat; Offers FY19 EPS Guidance

Xcel Energy (NASDAQ: XEL) reported Q4 EPS of $0.42, in-line with the analyst estimate of $0.42. Revenue for the quarter came in at $2.88 billion versus the consensus estimate of $2.85 billion.

“Xcel Energy executed exceptionally well in 2018, achieving our financial targets and delivering outstanding value to customers and stakeholders. For the 14th consecutive year, we have met or exceeded our earnings guidance,” said chairman, president and CEO Ben Fowke. “In addition, throughout our entire company there is great pride that we became the first utility in the nation to announce a vision to deliver 100 percent carbon-free energy to our customers by 2050.”

“Our clean energy leadership is creating economic development opportunities for the communities we serve,” Fowke continued. “This is demonstrated by Google’s recent announcement regarding a new data center in Becker, Minnesota, which would be powered by our renewable energy.”

GUIDANCE:

Xcel Energy sees FY2019 EPS of $2.55-$2.65, versus the consensus of $2.61.

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

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