Xcel Energy (XEL) Reports In-Line Q4 EPS; Offers Guidance

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Xcel Energy 2021 Year End Earnings Report

January 27, 2022 6:00 AM EST

2021 earnings per share were $2.96 compared with $2.79 per share in 2020. Xcel Energy reaffirms 2022 EPS earnings guidance of $3.10 to $3.20 per share.

MINNEAPOLIS--(BUSINESS WIRE)-- Xcel Energy Inc. (NASDAQ: XEL) today reported 2021 GAAP and ongoing earnings of $1.60 billion, or $2.96 per share, compared with $1.47 billion, or $2.79 per share in the same period in 2020.

Earnings reflect higher electric and natural gas revenues, which were partially offset by increases in electric fuel and purchased power, costs of natural gas sold and transported, additional depreciation and lower allowance... More