Xcel Energy (XEL) Misses Q3 EPS by 8c; Offers FY22 EPS Guidance

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Xcel Energy Third Quarter 2022 Earnings Report

October 27, 2022 6:00 AM EDT

Third quarter GAAP diluted earnings per share were $1.18 in 2022 compared with $1.13 in 2021. Year-to-date GAAP diluted earnings per share for 2022 were $2.48 compared with $2.38 in 2021. Xcel Energy narrows its 2022 EPS guidance range to $3.14 to $3.19 from $3.10 to $3.20. Xcel Energy initiates 2023 EPS guidance of $3.30 to $3.40.

MINNEAPOLIS--(BUSINESS WIRE)-- Xcel Energy Inc. (NASDAQ: XEL) today reported 2022 third quarter GAAP and ongoing earnings of $649 million, or $1.18 per share, compared with $609 million, or $1.13 per share in the same period in 2021.

Earnings reflect capital investment recovery and other regulatory outcomes, partially... More