Xcel Energy (XEL) Tops Q4 EPS by 3c, Revenues Miss; Maintains FY20 EPS Outlook
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Xcel Energy 2019 Year End Earnings Report
January 30, 2020 6:00 AM EST2019 earnings per share were $2.64 compared with $2.47 per share in 2018. Xcel Energy reaffirms 2020 EPS earnings guidance of $2.73 to $2.83 per share.
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MINNEAPOLIS--(BUSINESS WIRE)-- Xcel Energy Inc. (NASDAQ: XEL) today reported 2019 GAAP and ongoing earnings of $1,372 million, or $2.64 per share, compared with $1,261 million, or $2.47 per share in 2018.
Earnings reflect higher electric margins primarily due to non-fuel riders and regulatory rate outcomes, higher natural gas margins and lower O&M expenses, partially offset by lower AFUDC, increased depreciation and interest expenses.
We delivered strong... More
