Xcel Energy (XEL) Tops Q1 EPS by 8c, Misses on Revenue

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Go back to Xcel Energy (XEL) Tops Q1 EPS by 8c, Misses on Revenue

Xcel Energy First Quarter 2024 Earnings Report

April 25, 2024 6:05 AM EDT

First quarter GAAP and ongoing diluted earnings per share were $0.88 in 2024 compared with $0.76 in 2023. Xcel Energy reaffirms 2024 EPS guidance of $3.50 to $3.60 per share.

MINNEAPOLIS--(BUSINESS WIRE)-- Xcel Energy Inc. (NASDAQ: XEL) today reported 2024 first quarter GAAP and ongoing earnings of $488 million, or $0.88 per share, compared with $418 million, or $0.76 per share in the same period in 2023.

First quarter ongoing earnings results reflect increased recovery of infrastructure investments and lower O&M expenses, partially offset by increased interest charges and depreciation.

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