Core Viewpoint - Xcel Energy (XEL) is expected to report its second-quarter 2025 results on July 31, following a previous quarter with a negative earnings surprise of 9.7% [1] Factors Impacting Q2 Performance - The residential electric and natural gas bills in Xcel Energy's operating regions are lower than the national average, attracting new customers and positively impacting top-line performance [2] - Increased demand from data centers, the rise of electric vehicles, and regional economic growth are also anticipated to contribute positively to earnings [3] - However, higher operation and maintenance expenses, along with increased depreciation and interest costs, may offset some of these positive factors [3] Q2 Expectations - The Zacks Consensus Estimate for earnings is set at 62 cents per share, reflecting a year-over-year increase of 14.8% [4] - Revenue is projected to reach $3.31 billion, indicating a year-over-year improvement of 9.3% [4] Earnings Prediction - The earnings model predicts a potential earnings beat for Xcel Energy, supported by a positive Earnings ESP of +1.76% and a Zacks Rank of 3 (Hold) [5][6] Other Industry Considerations - Eversource Energy (ES) and IDACORP (IDA) are also expected to report earnings beats, with respective Earnings ESPs of +0.26% and +2.34% [7][10] - Consolidated Edison (ED) is projected to have an Earnings ESP of +3.88% [10]

Core Viewpoint - The market anticipates Xcel Energy (XEL) to report a year-over-year increase in earnings driven by higher revenues, with a focus on how actual results compare to estimates impacting stock price [1][2]. Earnings Expectations - Xcel is expected to report quarterly earnings of $0.62 per share, reflecting a year-over-year increase of +14.8% [3]. - Revenue projections stand at $3.31 billion, indicating a 9.3% increase from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised 0.54% higher in the last 30 days, showing a positive reassessment by analysts [4]. - A positive Earnings ESP of +1.76% suggests analysts have become more optimistic about Xcel's earnings prospects [12]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive reading is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [10]. - Xcel currently holds a Zacks Rank of 3, indicating a likelihood of beating the consensus EPS estimate [12]. Historical Performance - In the last reported quarter, Xcel was expected to post earnings of $0.93 per share but only achieved $0.84, resulting in a surprise of -9.68% [13]. - The company has not surpassed consensus EPS estimates in any of the last four quarters [14]. Conclusion - While Xcel is positioned as a potential earnings-beat candidate, other factors may also influence stock performance beyond just earnings results [15][17].

Core Insights - Utility service providers are benefiting from increased electricity tariffs, accretive acquisitions, cost reductions, and energy-efficiency initiatives, alongside efforts to enhance electric infrastructure resilience and transition to renewable energy sources [1][3][19] - The shift to renewable energy is transforming electric utilities in the U.S., positioning leading companies for steady growth and providing investors with low-risk opportunities in the clean energy market [3][19] Company-Specific Insights PPL Corporation - PPL is focusing on infrastructure construction for generation, transmission, and distribution, resulting in fewer outages and increased load growth driven by data center demand, with active requests reaching 50 GW in Pennsylvania and nearly 6 GW in Kentucky for 2026-2034 [5][10] - The company aims to reduce carbon emissions by 70% by 2035 and 80% by 2040 from 2010 levels, with plans to achieve carbon neutrality by 2050 through new carbon capture technology and renewable energy integration [6][10] - PPL's current return on equity (ROE) is 9.14%, below the industry average of 10.41%, and it has a debt-to-capital ratio of 54.73% [13][17] Xcel Energy - Xcel Energy is enhancing its transmission, distribution, and renewable projects, leading to lower residential electric and natural gas bills, which are down 28% and 12% from the national average, respectively [7][10] - The company anticipates a total customer request for data centers of nearly 8.9 GW by 2029 and aims for 5% annual electric sales growth, with about 50% of this growth coming from data centers [7][10] - Xcel Energy's ROE is 10.2%, and it has a higher debt-to-capital ratio of 61.19% compared to the industry average [13][17] Financial Performance and Estimates - The Zacks Consensus Estimate for PPL's earnings per share (EPS) indicates growth of 7.69% for 2025 and 8.06% for 2026, while Xcel Energy's EPS is expected to grow by 8.86% and 8.1% for the same years [9][12] - PPL's dividend yield is 3.01%, while Xcel Energy's is slightly higher at 3.19%, both exceeding the S&P 500 average of 1.18% [16] Strategic Investment Plans - PPL plans a regulated capital investment of $20 billion from 2025 to 2028, with $4.3 billion and $5.2 billion allocated for 2025 and 2026, respectively [14] - Xcel Energy aims to invest $45 billion from 2025 to 2029, with significant allocations for electric distribution, transmission, and renewable energy projects [15] Conclusion - Both PPL and Xcel Energy are strategically investing in infrastructure and renewable energy to meet growing demand, particularly from data centers, with PPL currently viewed as the better investment option due to its favorable debt levels and growth prospects [19][20]

Investment Strategy - A well-diversified portfolio should be constructed with a core foundation of a high-quality low-cost S&P 500 fund [1] - For those who can tolerate short-term risks, an overweight position in the technology sector is recommended, as it is believed to be in the early stages of a long-term secular bull market [1] - Large oil and gas companies that provide strong dividend income and growth are suggested for dividend income, reflecting the author's background in the oil and gas industry [1] Portfolio Management - A top-down capital allocation approach is recommended, tailored to individual investor situations such as age, retirement status, risk tolerance, income, net worth, and goals [1] - Suggested investment categories include S&P 500, technology, dividend income, sector ETFs, growth, speculative growth, gold, and cash [1]

Financial Data and Key Metrics Changes - In 2024, the company delivered GAAP earnings per share of $3.44 and ongoing earnings per share of $3.50, marking the twentieth consecutive year of meeting or exceeding initial earnings guidance [19][20] - The company reaffirmed its 2025 earnings guidance range of $3.75 to $3.85 per share, with long-term earnings per share growth expectations of 6% to 8% and dividend growth of 4% to 6% [20] Business Line Data and Key Metrics Changes - The company invested over $7.5 billion in 2024 to modernize electric and natural gas systems, alongside updating its five-year capital plan [20] - The resource plans include proposals for 15,000 to 29,000 megawatts of new efficient, clean generation, with a focus on wind, solar, and battery storage [36][37] Market Data and Key Metrics Changes - The U.S. electricity demand growth rate through 2030 has tripled, with expectations to sell 30% more electricity in 2030 than in 2024 [14] - The company has received requests for nearly 9,000 megawatts of new daily demand from data center companies, equivalent to powering over 8 million homes each year [14] Company Strategy and Development Direction - The company is strategically positioned to capitalize on the growing demand for electricity driven by new technologies and the transition to cleaner energy sources [4][13] - A $45 billion investment plan over the next five years aims to modernize, strengthen, and expand the grid to support economic growth and the clean energy transition [18] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the unprecedented growth opportunities in the energy sector, emphasizing the importance of evolving and pushing to new heights [27][30] - The company is focused on enhancing customer experience, affordability, reliability, and advancing clean energy policy goals [19][21] Other Important Information - The company has been recognized as one of Ethisphere's world's most ethical companies for six consecutive years and has received accolades for its commitment to diversity and inclusion [29] - In 2024, the corporate economic development team closed on 24 projects resulting in over $5 billion in capital investment and the creation of more than 3,000 jobs [23] Q&A Session Summary Question: Can you provide an update on your recent resource plan? - The company plans to add between 15,000 and 29,000 megawatts of new generation resources, including 720 megawatts of firm dispatchable generation in the Upper Midwest [35][36] Question: What impact will data centers have on future load growth? - The company is experiencing significant interest from data centers, with nearly 9,000 megawatts of backlog and expects to serve about 25% of that demand [39][40] Question: What impact do recently announced tariffs have on your capital investment plans? - The company has been agile in managing its supply chain and expects tariffs to represent about 1% to 2% of its total capital bill over the next five years, which is considered manageable [42][45]

Xcel Energy认为电力需求将使其成为一只成长型股票。（彭博） ...

Core Insights - The article highlights the reputation of Brad Thomas as a leading figure in the REIT sector, emphasizing his expertise and the trust he has built over the years [1] Group 1 - Brad Thomas is recognized as the 1 ranked REIT analyst on Seeking Alpha, indicating his high standing in the industry [1] - The author has received positive feedback for his informative and engaging writing style, suggesting a strong connection with the audience [1] - Brad Thomas is noted for providing valuable insights and ideas that readers can use for their own due diligence in real estate investments [1]

Core Insights - Xcel Energy Inc. (NASDAQ: XEL) reported its Q1 2025 earnings, which fell short of EPS and revenue expectations while maintaining its EPS guidance for FY2025 at $3.75 to $3.85 [1] Financial Performance - The company missed both EPS and revenue expectations in its latest earnings report [1] - Despite the shortfall, Xcel Energy reaffirmed its EPS guidance for the full year of 2025, indicating a range of $3.75 to $3.85 [1]

FIRST QUARTER 2025 EARNINGS REPORT PRESENTATION April 24, 2025 © 2025 Xcel Energy 1 Safe Harbor Except for the historical statements contained in this presentation, the matters discussed herein are forward-looking statements that are subject to certain risks, uncertainties and assumptions. Such forward-looking statements, including those relating to 2025 EPS guidance, long-term EPS and dividend growth rate objectives, future sales, future expenses, future tax rates, future operating performance, estimated b ...

Xcel Energy, Inc. (NASDAQ:XEL) Q1 2025 Earnings Conference Call April 24, 2025 10:00 AM ET Company Participants Roopesh Aggarwal - VP, IR Bob Frenzel - Chairman, President & CEO Brian Van Abel - EVP & CFO Conference Call Participants Nicholas Campanella - Barclays Julien Dumoulin-Smith - Jefferies Carly Davenport - Goldman Sachs Durgesh Chopra - Evercore ISI Jeremy Tonet - J.P. Morgan David Arcaro - Morgan Stanley Anthony Crowdell - Mizuho Ryan Levine - Citi Travis Miller - Morningstar Operator Hello, and w ...