Xcel Energy Earnings: Everything You Must Know Now

Xcel Energy Inc. (NYSE:XEL) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

Xcel Energy Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 5.26% to $0.4 in the quarter versus EPS of $0.38 in the year-earlier quarter.

Revenue: Rose 13.34% to $2.58 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Xcel Energy Inc. reported adjusted EPS income of $0.4 per share. By that measure, the company beat the mean analyst estimate of $0.39. It beat the average revenue estimate of $2.42 billion.

Quoting Management: “In addition to a solid quarter financially, we continued to demonstrate our strong operational capabilities,” said Ben Fowke, Chairman, President and Chief Executive Officer. “In June, Minnesota experienced several severe thunderstorms which impacted more than 600,000 of our customers. We coordinated a workforce of 1,100 linemen from 14 states and several hundred support personnel to handle the state’s record electrical outage. As a result, power was restored to 96 percent of our customers within three days. I’m proud of all the workers who labored tirelessly to complete this effort in an orderly, safe and timely fashion.”

Key Stats (on next page)…

Revenue decreased 7.36% from $2.78 billion in the previous quarter. EPS decreased 16.67% from $0.48 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.77 to a profit $0.75. For the current year, the average estimate has moved up from a profit of $1.9 to a profit of $1.91 over the last ninety days.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)