Xcel Energy Earnings Cheat Sheet: Here’s Why Shares Are Moving Nowhere

S&P 500 (NYSE:SPY) component Xcel Energy Inc (NYSE:XEL) reported its results for the first quarter. Xcel Energy, Inc. is a holding company that is engaged in the generation, purchase, transmission, distribution and sale of electricity and natural gas (NYSE:UNG).

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Xcel Energy Inc Earnings Cheat Sheet for the First Quarter

Results: Net income for the electric utilities company rose to $203.6 million (42 cents/share) vs. $167.1 million (36 cents/share) in the same quarter a year earlier. A rise of 21.8% from the year earlier quarter.

Revenue: Rose 0.3% to $2.82 billion YoY.

Actual vs. Wall St. Expectations: XEL fell right in step with the street’s estimates of 42 cents/share.

Quoting Management: “Despite extended periods of adverse weather, we maintained excellent system reliability and delivered a solid quarter to begin the year,” said Richard C. Kelly, chairman and chief executive officer. “We continue to execute on our strategy with first quarter results on track and positioning us to deliver 2011 ongoing earnings in the range of $1.65 to $1.75 per share.”

Key Stats:

Net income has increased 11.9% year over year on average across the last five quarters. The biggest gain came in the third quarter of the last fiscal year, when income climbed 41.4% from the year earlier quarter.

Competitors to Watch: Integrys Energy Group, Inc. (NYSE:TEG), ALLETE, Inc. (NYSE:ALE), Alliant Energy Corporation (NYSE:LNT), PNM Resources, Inc. (NYSE:PNM), Black Hills Corporation (NYSE:BKH), Wisconsin Energy Corp. (NYSE:WEC), MGE Energy, Inc. (NASDAQ:MGEE), El Paso Electric Company (NYSE:EE), CMS Energy Corporation (NYSE:CMS), Chesapeake (NYSE:CHK), Progress Energy (NYSE:PGN) and Duke Energy Corporation (NYSE:DUK).

Today’s Performance: Shares of XEL are trading at $24.30 as of April 28, 2011 at 03:46 PM ET, up 0.25% from the previous closing price of $24.24.


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