Xcel Energy, Inc. (XEL) Tops Q1 EPS by 1c; Reaffirms

Xcel Energy, Inc. (NYSE: XEL) reported Q1 EPS of $0.52, $0.01 better than the analyst estimate of $0.51. Revenue for the quarter came in at $3.2 billion versus the consensus estimate of $2.89 billion.

Xcel Energy, Inc. reaffirms FY2014 EPS of $1.90-$2.05, versus the consensus of $1.99.

“We are pleased to report a solid start to the year with many significant accomplishments, including strong first quarter financial results,” stated Chairman, President and Chief Executive Officer Ben Fowke. “Our customers in our Northern service territories experienced extremely cold temperatures that positively impacted our quarterly earnings by four cents per share, when compared to first quarter 2013, and I’m proud to report our system operated well despite the harsh weather, with no major service disruptions.”

“During the quarter, we received constructive regulatory outcomes in two of our states. In North Dakota, the commission approved our four-year - multi-year settlement in our electric rate case and the New Mexico Commission granted an electric rate increase that was in-line with our revised request.”

“We have much to accomplish in 2014, but are pleased with our current momentum. Earlier in the year, the Board of Directors approved a 7 percent dividend increase, which exceeds our targeted annual dividend growth objective of 4 to 6 percent. We also reaffirm our 2014 ongoing earnings guidance of $1.90 to $2.05 per share,” said Fowke.

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

You May Also Be Interested In

• Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
• Goldman reinstates Estee Lauder rating, sees turnaround driving growth and margins
• AeroVironment restates quarterly financials, citing $89M goodwill error