Press release
Xcel Energy 2019 Year End Earnings Report
2019 earnings per share were $2.64 compared with $2.47 per share in 2018. Xcel Energy reaffirms 2020 EPS earnings guidance of $2.73 to $2.83 per share.
About this update from Xcel Energy Inc.
[{"type":"text","content":"\n\n2019 earnings per share were $2.64 compared with $2.47 per share in 2018.\n\n\nXcel Energy reaffirms 2020 EPS earnings guidance of $2.73 to $2.83 per share.\n\n\n\n \n\n MINNEAPOLIS--(BUSINESS WIRE)--\nXcel Energy Inc. (NASDAQ: XEL) today reported 2019 GAAP and ongoing earnings of $1,372 million, or $2.64 per share, compared with $1,261 million, or $2.47 per share in 2018.\n\n\nEarnings reflect higher electric margins primarily due to non-fuel riders and regulatory rate outcomes, higher natural gas margins and lower O&M expenses, partially offset by lower AFUDC, increased depreciation and interest expenses.\n\n\n“We delivered strong financial results again in 2019, with earnings at the upper end of our guidance range. Xcel Energy continues to deliver consistent and solid performance, meeting or exceeding earnings guidance for the 15th consecutive year,” said Ben Fowke, chairman, president and CEO of Xcel Energy.\n\n\n“We are proud of our continued progress in leading the clean energy transition on our path to 80% carbon reductions by 2030 and 100% carbon-free electricity by 2050, all while providing great value for our customers, communities, and shareholders. We took important steps on that journey this past year, completing three major Steel for Fuel wind projects, which contribute to the almost 4,700 megawatts of additional wind expected on our system by 2021. We begin the new year well-positioned to deliver on our financial objectives in 2020 and beyond.”\n\n\nAt 9:00 a.m. CDT today, Xcel Energy will host a conference call to review financial results. To participate in the call, please dial in 5 to 10 minutes prior to the start and follow the operator’s instructions.\n\n\n\n\nUS Dial-In:\n\n\n\n\n(800) 367-2403\n\n\n\n\n\nInternational Dial-In:\n\n\n\n\n(800) 714-1899\n\n\n\n\n\nConference ID:\n\n\n\n\n8911094\n\n\n\n\n\nThe conference call also will be simultaneously broadcast and archived on Xcel Energy’s website at www.xcelenergy.com. To access the presentation, click on Investor Relations. If you are unable to participate in the live event, the call will be available for replay from 12:00 p.m. CDT on Jan. 30 through 12:00 p.m. CDT on Feb. 2.\n\n\n\n\nReplay Numbers\n\n\n\n\n \n\n\n\n\n\nUS Dial-In:\n\n\n\n\n(888) 203-1112\n\n\n\n\n\nInternational Dial-In:\n\n\n\n\n(719) 457-0820\n\n\n\n\n\nAccess Code:\n\n\n\n\n89110...