Press release
Xcel Energy Second Quarter 2022 Earnings Report
Second quarter GAAP diluted earnings per share were $0.60 in 2022 compared with $0.58 in 2021. Xcel Energy reaffirms 2022 EPS earnings guidance range of
About this update from Xcel Energy Inc.
[{"type":"text","content":"\n\nSecond quarter GAAP diluted earnings per share were $0.60 in 2022 compared with $0.58 in 2021.\n\n\nXcel Energy reaffirms 2022 EPS earnings guidance range of $3.10 to $3.20.\n\n\n MINNEAPOLISMINNEAPOLIS--(BUSINESS WIRE)--\nXcel Energy Inc. (NASDAQ: XEL) today reported 2022 second quarter GAAP and ongoing earnings of $328 million, or $0.60 per share, compared with $311 million, or $0.58 per share in the same period in 2021.\n\nEarnings reflect capital investment recovery and other regulatory outcomes, partially offset by higher depreciation, interest expense and operating and maintenance (O&M) expenses.\n\n“We had a solid quarter and as a result we are reaffirming our 2022 earnings guidance of $3.10 to $3.20 per share,” said Bob Frenzel, chairman, president and CEO of Xcel Energy. “We achieved a significant regulatory milestone with approval of our Colorado Electric Resource Plan. Executing this plan and our Power Pathway transmission project will secure affordable, resilient, clean energy for our customers, reducing carbon emissions 85% in the state by 2030, generating 80% of electricity from renewable sources by the same year and retiring all coal generation in the state by Jan. 1, 2031.”\n\n“Xcel Energy was also recently honored with several leadership awards, being inducted into the Climate Leadership Hall of Fame and receiving the Hubert H. Humphrey Public Leadership Award for groundbreaking sustainability goals.”\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\nUS Dial-In:\n\n\n\n(800) 289-0720\n\n\n\n\n\nInternational Dial-In:\n\n\n\n(400) 120-9264\n\n\n\n\n\nConference ID:\n\n\n\n4087867\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 Investors under Company. If you are unable to participate in the live event, the call will be available for replay from 12:00 p.m. CDT on July 28 through 12:00 p.m. CDT on July 31.\n\n\n\nReplay Numbers\n\n\n\n \n\n\n\n\n\nUS Dial-In:\n\n\n\n(888) 203-1112\n\n\n\n\n\nInternational Dial-In:\n\n\n\n(719) 457-0820\n\n\n\n\n\nAccess Code:\n\n\n\n4087867\n\n\n\n\nExcept for the historical statements contained...