Xcel Energy (NASDAQ: XEL) reported Q1 EPS of $0.61, in-line with the analyst estimate of $0.61. Revenue for the quarter came in at $3.14 billion versus the consensus estimate of $3 billion.

“We are off to a good start with strong first quarter earnings and are on track to deliver earnings within our 2019 guidance range,” said Ben Fowke, chairman, president and CEO of Xcel Energy.

“In addition, we are making strides toward our ambitious vision to deliver 100% carbon-free electricity to customers by 2050 and have already reduced carbon emissions to our customers by 38% since 2005,” said Fowke. “Our wind energy expansion is key to achieving those clean energy targets, and we have marked another milestone with approval to build the Cheyenne Ridge Wind farm in Colorado. The 500-megawatt project is part of our steel-for-fuel strategy that will help us continue to keep bills low, build on our clean energy leadership and provide economic benefits for the region.”

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.