Xcel Energy (NASDAQ: XEL) reported Q3 EPS of $0.96, $0.02 worse than the analyst estimate of $0.98. Revenue for the quarter came in at $3.05 billion versus the consensus estimate of $3.58 billion.

“Third quarter results were in line with our forecast, while our year-to-date results continue to be favorable,” said Ben Fowke, chairman, president and CEO of Xcel Energy. “We are on track to achieve our revised year-end earnings guidance, we are well positioned for the future, and we are increasing our long-term growth objective to 5 to 7 percent.”

“We reached important milestones in our strategy of expanding our clean energy portfolio and upgrading the grid, including approval of the Colorado Energy Plan and our innovative supply agreement with EVRAZ, a major Colorado employer,” said Fowke. “We also made strides in delivering new energy options and enhanced services for our customers, like our Minnesota proposal to advance the electric vehicle transition through affordable charging options and filing for approval of our RenewableConnect product in Wisconsin. These initiatives further our vision of being the preferred and trusted provider of the energy our customers need.”

GUIDANCE:

Xcel Energy sees FY2018 EPS of $2.45-$2.49.

Xcel Energy sees FY2019 EPS of $2.55-$2.65.

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