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Xcel Energy Misses on Q4 Earnings & Sales, Plans to Invest $45B
XELXcel Energy(XEL) ZACKS·2025-02-06 15:51

Core Insights - Xcel Energy Inc. (XEL) reported fourth-quarter 2024 operating earnings of 81 cents per share, missing the Zacks Consensus Estimate of 87 cents by 6.9% and decreasing 2.4% from the previous year's figure of 83 cents [1] - Total revenues for the quarter were 3.12billion,fallingshortoftheZacksConsensusEstimateof3.12 billion, falling short of the Zacks Consensus Estimate of 3.72 billion by 16.1% and down 9.3% from 3.44billionintheyear−agoquarter[2]−Full−year2024revenuestotaled3.44 billion in the year-ago quarter [2] - Full-year 2024 revenues totaled 13.4 billion, a decline of 5.6% from 14.2billioninthepreviousyear[2]SegmentalResults−Electricsegmentrevenueswere14.2 billion in the previous year [2] Segmental Results - Electric segment revenues were 2.4 billion, down 11.1% from 2.7billionintheyear−agoquarter[3]−NaturalGassegmentrevenuesdecreased3.32.7 billion in the year-ago quarter [3] - Natural Gas segment revenues decreased 3.3% to 695 million from 719millionintheprior−yearquarter[3]−Othersegmentrevenuesamountedto719 million in the prior-year quarter [3] - Other segment revenues amounted to 15 million, compared to 28millioninthepreviousyear[3]OperatingPerformance−Totaloperatingexpensesdecreased3.328 million in the previous year [3] Operating Performance - Total operating expenses decreased 3.3% year over year to 2.77 billion, attributed to lower electric fuel and purchased power costs [4] - Operating income fell 39.6% year over year to 347million[4]−Totalinterestchargesandfinancingcostsrose18.8347 million [4] - Total interest charges and financing costs rose 18.8% from 250 million in the prior-year quarter to 297million[4]CustomerVolumeandSales−In2024,XcelEnergyregistereda1.2297 million [4] Customer Volume and Sales - In 2024, Xcel Energy registered a 1.2% growth in electric customer volume and a 0.9% increase in natural gas customer volume [5] - Natural gas sales decreased 0.7% from the previous year, while electric sales volume increased by 1% [5] Future Guidance - Xcel Energy reaffirmed its 2025 earnings per share projection in the range of 3.75-3.85,withtheZacksConsensusEstimateat3.85, with the Zacks Consensus Estimate at 3.82 [6] - Retail electric sales are expected to increase by 3% in 2025, while natural gas sales volumes are anticipated to rise by 1% [6] - The company plans to invest $45 billion from 2025 to 2029 to strengthen its infrastructure [6]