Xcel (XEL) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Investors interested in stocks from the Utility - Electric Power sector have probably already heard of Xcel Energy (XEL) and CenterPoint Energy (CNP). But which of these two companies is the best option for those looking for undervalued stocks?
XEL stock is a good pick in the utility space, given its growth prospects, strong ROE and ability to increase shareholders' value.
XEL receives a 20-year license extension for Monticello Nuclear Generating plant. This supports XEL's transition to 100% carbon-free electricity.
Xcel Energy has outperformed the S&P 500 index since my last article co-produced for Brad Thomas in September. The electric and gas utility's $45 billion, five-year capital spending plan bodes well for future growth. XEL pays a safe and growing dividend to shareholders and is financially healthy.
XEL continues to strengthen its infrastructure through planned capital expenditure and provide reliable services to its customers.
XEL continues to benefit from its long-term investment plans, clean power generation and expanding customer base.
Xcel Energy's third-quarter earnings miss estimates. The company continues to add new customers and plans to invest $45 billion in 2025-2029.
Xcel Energy Inc. (NASDAQ:XEL ) Q3 2024 Earnings Conference Call October 31, 2024 10:00 AM ET Company Participants Paul Johnson – Vice President, Treasury and Investor Relations Bob Frenzel – President, Chairman, Chief Executive Officer Brian Van Abel – Executive Vice President and Chief Financial Officer Conference Call Participants Nicholas Campanella – Barclays Steve Fleishman – Wolfe Research Carly Davenport – Goldman Sachs Jeremy Tonet – JPMorgan Julien Dumoulin-Smith – Jefferies Durgesh Chopra – Evercore ISI Ross Fowler – Bank of America Sophie Karp – KeyBanc Travis Miller – Morningstar Paul Patterson – Glenrock Associates Operator Hello, and welcome to Xcel Energy's Third Quarter 2024 Earnings Call. My name is Melissa, and I will be your coordinator for today's event.
Although the revenue and EPS for Xcel (XEL) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Xcel Energy (XEL) came out with quarterly earnings of $1.25 per share, missing the Zacks Consensus Estimate of $1.29 per share. This compares to earnings of $1.23 per share a year ago.
XEL's third-quarter earnings are likely to have benefited from new customer additions and increasing demand from the data centers.