Xcel Energy (XEL) Tops Q1 EPS by 6c, Revenues Beat; Offers FY21 EPS Guidance

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Go back to Xcel Energy (XEL) Tops Q1 EPS by 6c, Revenues Beat; Offers FY21 EPS Guidance

Xcel Energy First Quarter 2021 Earnings Report

April 29, 2021 6:00 AM EDT

GAAP 2021 first quarter EPS was $0.67 compared with $0.56 in 2020. Xcel Energy reaffirms 2021 EPS earnings guidance of $2.90 to $3.00.

MINNEAPOLIS--(BUSINESS WIRE)-- Xcel Energy Inc. (NASDAQ: XEL) today reported 2021 first quarter GAAP and ongoing earnings of $362 million, or $0.67 per share, compared with $295 million, or $0.56 per share in the same period in 2020.

Earnings reflect higher electric and natural gas margins, which more than offset additional depreciation, interest charges and less allowance for funds used during construction (AFUDC).

Xcel Energy had a strong first quarter and we are reaffirming our... More