Press release
Xcel Energy Second Quarter 2024 Earnings Report
Second quarter GAAP and ongoing diluted earnings per share were $0.54 in 2024 compared with $0.52 in 2023. Xcel Energy reaffirms 2024 EPS guidance of $3.50
About this update from Xcel Energy Inc.
[{"type":"text","content":"\n\nSecond quarter GAAP and ongoing diluted earnings per share were $0.54 in 2024 compared with $0.52 in 2023.\n\n\n\nXcel Energy reaffirms 2024 EPS guidance of $3.50 to $3.60 per share.\n\n\n\n MINNEAPOLIS--(BUSINESS WIRE)--\nXcel Energy Inc. (NASDAQ: XEL) today reported 2024 second quarter GAAP and ongoing earnings of $302 million, or $0.54 per share, compared with $288 million, or $0.52 per share in the same period in 2023.\n\n\nSecond quarter ongoing earnings reflect recovery of increased infrastructure investments and warmer than normal weather, partially offset by increased depreciation, interest charges and O&M expenses.\n\n\n“Xcel Energy continues to meet the growing demand for energy from our customers while driving forward the clean energy transition and adapting to changing regulatory and environmental conditions,” said Bob Frenzel, chairman, president and CEO of Xcel Energy. “We are reaffirming our earnings guidance of $3.50 - $3.60 per share.”\n\n\n“We continue to advance proposals to enhance the resiliency and sustainability of our system for the safety and benefit of our customers. In Colorado, we filed an updated Wildfire Mitigation Plan that builds upon our existing investments,” Frenzel said. “We also supported legislation that will help the state achieve a smoother clean energy transition by enhancing the distribution system planning process in Colorado. And in Minnesota, we collaborated with stakeholders to achieve a settlement in our natural gas rate case that supports improvements while keeping our residential customers’ natural gas rates below the national average.”\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\n\n1 (866) 580-3963\n\n\n\n\n\n\n\n\nInternational Dial-In:\n\n\n\n\n\n\n(400) 120-0558\n\n\n\n\n\n\n\n\nConference ID:\n\n\n\n\n\n\n2632580\n\n\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 Investors under Company. If you are unable to participate in the live event, the call will be available for replay from Aug. 1st through Aug. 5th.\n\n\n\n\nReplay Numbers\n\n\n\n\n\n\n \n\n\n\n\n...