Xcel Energy (XEL) Tops Q2 EPS by 3c

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Xcel Energy Second Quarter 2021 Earnings Report

July 29, 2021 6:00 AM EDT

GAAP 2021 second quarter earnings per share were $0.58 compared with $0.54 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 second quarter GAAP and ongoing earnings of $311 million, or $0.58 per share, compared with $287 million, or $0.54 per share in the same period in 2020.

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

Xcel Energy had a... More