Market Overview

Xcel Energy: Q3 Earnings Insights

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Shares of Xcel Energy (NASDAQ:XEL) remained unaffected after the company reported Q3 results.

Quarterly Results

Earnings per share were up 12.87% over the past year to $1.14, which beat the estimate of $1.09.

Revenue of $3,182,000,000 up by 5.61% year over year, which missed the estimate of $3,390,000,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

How To Listen To The Conference Call

Date: Oct 29, 2020

Time: 10:00 AM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/xel/mediaframe/41588/indexr.html

Price Action

Company's 52-week high was at $74.41

52-week low: $46.58

Price action over last quarter: Up 1.77%

Company Overview

Xcel Energy manages utilities serving 3.7 million electric customers and 2.1 million natural gas customers in eight states. Its utilities are Northern States Power, which serves customers in Minnesota, North Dakota, South Dakota, Wisconsin, and Michigan; Public Service Company of Colorado; and Southwestern Public Service Company, which serves customers in Texas and New Mexico. It is one of the largest renewable energy providers in the U.S. with 28% of its electricity sales coming from renewable energy in 2019.

 

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Posted-In: Earnings News