Xcel Energy (XEL) Reports Q1 EPS of $0.47

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Xcel Energy First Quarter 2017 Earnings Report

April 27, 2017 6:00 AM EDT

GAAP and ongoing 2017 first quarter earnings per share were $0.47 compared with $0.47 per share in 2016. Xcel Energy reaffirms 2017 GAAP and ongoing earnings guidance of $2.25 to $2.35 per share.

MINNEAPOLIS--(BUSINESS WIRE)-- Xcel Energy Inc. (NYSE: XEL) today reported 2017 first quarter GAAP and ongoing earnings of $239 million, or $0.47 per share, compared with $241 million, or $0.47 per share, in the same period in 2016.

Higher electric and natural gas margins to recover infrastructure investments, along with a lower effective tax rate were offset by higher depreciation and interest... More