Xcel Energy (XEL) Tops Q4 EPS by 3c, Revenues Miss; Maintains FY20 EPS Outlook

Xcel Energy (NASDAQ: XEL) reported Q4 EPS of $0.56, $0.03 better than the analyst estimate of $0.53. Revenue for the quarter came in at $2.8 billion versus the consensus estimate of $3.06 billion.

“We delivered strong financial results again in 2019, with earnings at the upper end of our guidance range. Xcel Energy continues to deliver consistent and solid performance, meeting or exceeding earnings guidance for the 15th consecutive year,” said Ben Fowke, chairman, president and CEO of Xcel Energy.

“We are proud of our continued progress in leading the clean energy transition on our path to 80% carbon reductions by 2030 and 100% carbon-free electricity by 2050, all while providing great value for our customers, communities, and shareholders. We took important steps on that journey this past year, completing three major Steel for Fuel wind projects, which contribute to the almost 4,700 megawatts of additional wind expected on our system by 2021. We begin the new year well-positioned to deliver on our financial objectives in 2020 and beyond.”

GUIDANCE:

Xcel Energy sees FY2020 EPS of $2.73-$2.83, versus the consensus of $2.78.

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

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