Core Insights - Itron, Inc. is collaborating with Norgesnett to implement the first edge computing deployment in the Nordic region, utilizing Itron's Grid Edge Intelligence portfolio to modernize the electricity grid [1][2] Group 1: Partnership and Deployment - The partnership aims to enhance visibility and control across the distribution system, supporting Norgesnett's Advanced Metering Infrastructure (AMI) strategy [2] - The initiative will commence in early 2026 with the deployment of 10,000 distributed intelligence (DI)-enabled smart endpoints [4] - The collaboration will provide Norgesnett access to Itron's broader ecosystem, enabling tailored applications for grid modernization [4] Group 2: Technological Advancements - The DI-enabled endpoints will facilitate two-way communication, allowing for remote updates and real-time energy data management [5] - The project aligns with Nordic Innovation's 2030 vision for sustainability and interconnectedness, enabling real-time data analysis to prevent outages and transformer overloads [6] Group 3: Market Context and Growth Drivers - Norway's energy sector is nearly 100% renewable, with electric vehicles (EVs) constituting 96% of new car registrations as of January 2025, positioning the country as a leader in clean energy adoption [3] - Itron's Grid Edge Intelligence platform is experiencing growth due to factors such as data center demand, reindustrialization, and the electrification of transportation and homes [7] - The total backlog for Itron at the end of the fourth quarter was $4.7 billion, indicating strong market demand for grid resiliency and automation solutions [7] Group 4: Financial Performance - Itron's 2024 bookings reached $2.7 billion, resulting in a book-to-bill ratio of 1:11, with a significant portion of the backlog consisting of grid-edge intelligence platform content [8] - The company anticipates 2025 revenues to be between $2.4 billion and $2.5 billion, reflecting a flat year-over-year growth at the midpoint [8]

Core Insights - Dandelion Energy partners with Lennar Corporation to integrate geothermal heating and cooling systems into new home construction, aiming to set a standard in the industry [1][4]. Company Overview - Dandelion Energy is a leading provider of residential geothermal heating and cooling solutions, having installed thousands of geothermal heat pumps and over 1 million linear feet of ground loops since 2017 [9]. - Lennar Corporation is one of the nation's leading homebuilders, focusing on affordable and quality homes for various generations [10]. Partnership Details - Over the next two years, Dandelion's geothermal systems will be installed in more than 1,500 new homes built by Lennar in Colorado [2]. - Homeowners are expected to save approximately $30 million over 20 years by using geothermal systems compared to traditional air-source heat pumps [2]. Technology and Benefits - Dandelion's geothermal technology eliminates the need for outdoor AC units and traditional heating systems, enhancing home efficiency and durability [3]. - Geothermal heat pumps significantly lower energy use and costs, with potential to reduce peak electric demand and eliminate the need for 24,500 miles of new grid transmission lines [4]. Environmental Impact - The initiative supports Colorado's clean energy goals, with geothermal energy providing a low-cost, emissions-free heating and cooling solution [5][6]. - The project aligns with efforts to achieve net-zero emissions by 2050, benefiting from state tax credits and utility programs to reduce upfront costs for builders [6][7]. Economic and Community Benefits - The partnership is expected to create jobs and contribute to a healthier environment, with support from local government and energy officials [8].

Investors interested in Utility - Electric Power stocks are likely familiar with Xcel Energy (XEL) and PSEG (PEG) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look. Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank favors stocks with strong earnings estimate revision trend ...

Xcel Energy (XEL) reported $3.03 billion in revenue for the quarter ended June 2024, representing a year-overyear increase of 0.2%. EPS of $0.54 for the same period compares to $0.52 a year ago. The reported revenue represents a surprise of -7.81% over the Zacks Consensus Estimate of $3.28 billion. With the consensus EPS estimate being $0.55, the EPS surprise was -1.82%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ex ...

Xcel Energy (XEL) came out with quarterly earnings of $0.54 per share, missing the Zacks Consensus Estimate of $0.55 per share. This compares to earnings of $0.52 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -1.82%. A quarter ago, it was expected that this utility would post earnings of $0.80 per share when it actually produced earnings of $0.88, delivering a surprise of 10%. Over the last four quarters, the company has sur ...

Investors interested in stocks from the Utility - Electric Power sector have probably already heard of Xcel Energy (XEL) and PSEG (PEG) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out. There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zacks Rank emphasizes companies wit ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-3034 Xcel Energy Inc. (Exact Name of Registrant as Specified in its Charter) Minnesota 41-0448030 (I.R.S. Employer Identificati ...

Exhibit 99.01 414 Nicollet Mall 4/25/2024 Minneapolis, MN 55401 XCEL ENERGY FIRST QUARTER 2024 EARNINGS REPORT MINNEAPOLIS — Xcel Energy Inc. (NASDAQ: XEL) today reported 2024 first quarter GAAP and ongoing earnings of $488 million, or $0.88 per share, compared with $418 million, or $0.76 per share in the same period in 2023. First quarter ongoing earnings results reflect increased recovery of infrastructure investments and lower O&M expenses, partially offset by increased interest charges and depreciation. ...

Xcel Energy Inc. (NASDAQ:XEL) Q3 2023 Earnings Conference Call January 25, 2024 10:00 AM ET Company Participants Paul Johnson - Vice President, Treasurer & Investor Relations Bob Frenzel - Chairman, President & Chief Executive Officer Brian Van Abel - Executive Vice President & Chief Financial Officer Conference Call Participants Julien Dumoulin-Smith - Bank of America Durgesh Chopra - Evercore ISI Steven Fleishman - Wolfe Research Anthony Crowdell - Mizuho Carly Davenport - Goldman Sachs Sophie Karp - KeyB ...

Financial Data and Key Metrics Changes - The company reported earnings per share (EPS) of $2.96 for 2021, an increase from $2.79 in 2020, marking the 17th consecutive year of meeting or exceeding earnings guidance [14][27] - The annual dividend was raised for the 18th straight year, increasing by $0.11 per share [14] - Weather-adjusted electric sales increased by 1.7% in 2021, with an anticipated growth of approximately 1% in 2022 [29] Business Line Data and Key Metrics Changes - The nuclear fleet achieved a capacity factor of over 92% in 2021, maintaining its status as the top-performing fleet in the country [16] - The company completed four wind farms with a total capacity of 800 megawatts, contributing to significant environmental benefits and cost savings for customers [17] - The company installed over 300,000 smart meters as part of its advanced grid program, with plans to install more than 1 million in 2022 [16] Market Data and Key Metrics Changes - The company reached constructive rate case settlements in multiple states, including Colorado, Texas, New Mexico, Wisconsin, North Dakota, and Michigan [14][38] - In Colorado, a net rate increase of $177 million was approved based on a return on equity (ROE) of 9.3% [31] - In Minnesota, interim rates of $247 million for electric customers and $25 million for natural gas customers were approved [33] Company Strategy and Development Direction - The company aims for an 80% carbon reduction by 2030 and plans to be coal-free by the end of 2034 [17][37] - A $1.7 billion pathway transmission project in Colorado is expected to enable 5,500 megawatts of new renewables, with additional investments planned for further network upgrades [22][52] - The company is focused on expanding its electric vehicle programs and anticipates increased adoption across its service areas [18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in sustainable organic growth over the next decade, driven by affordable renewable additions and necessary transmission infrastructure [20] - The company remains optimistic about the potential for clean energy legislation, which could provide substantial customer benefits [23][75] - Management noted that while the energy provisions in the Build Back Better legislation have stalled, there is potential for a more modest version to move forward [24][75] Other Important Information - The company has committed to reducing greenhouse gas emissions from its natural gas business by 25% by 2030 and aims for net-zero emissions by 2050 [17] - The company has been recognized for its ESG leadership, including being named among the world's most ethical companies [18] Q&A Session Summary Question: O&M growth forecast changes - Management clarified that the O&M growth forecast was updated to reflect actuals from 2021, with a guidance of 1% to 2% for 2022 due to lower benefits costs and effective management of weather impacts [42][43] Question: Equity issuance and five-year plan - Management explained that the recent equity issuance aligns with their five-year capital plan, providing flexibility for future investments, especially if clean energy legislation passes [44][48] Question: Pathway project and potential upside - Management discussed the strategic importance of the pathway project for achieving carbon reduction goals and indicated that additional capital may be needed for interconnections and upgrades [51][53] Question: MISO MTEP process timeline - Management provided insights on the MISO transmission expansion opportunities and expected timelines for project announcements [63][66] Question: Wildfire risk and mitigation plans - Management acknowledged the need to reassess wildfire mitigation strategies in light of recent catastrophic fires and committed to participating in ongoing discussions with regulators [81][82] Question: Sales growth outlook - Management expressed confidence in the overall sales growth outlook for 2022, anticipating stronger C&I sales to offset residential declines [85][86]