XEL Stock Recent News

Since my last buy recommendation in December, shares of Xcel Energy have underperformed the S&P. The electric and gas utility missed the analyst consensus for operating revenue in Q4 but met the consensus for non-GAAP EPS. Xcel Energy's interest coverage ratio was 2.5, which is decent for a regulated utility.

Xcel Energy's (XEL) fourth-quarter earnings and revenues are lower than expected. The company continues with the long-term capital expenditure plan to strengthen its infrastructure.

The headline numbers for Xcel (XEL) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Xcel Energy (XEL) came out with quarterly earnings of $0.83 per share, missing the Zacks Consensus Estimate of $0.85 per share. This compares to earnings of $0.69 per share a year ago.

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Xcel (XEL), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended December 2023.

Xcel Energy (XEL) continues to benefit from its strategic investment plans, renewable expansion and expanding customer base.

MINNEAPOLIS--(BUSINESS WIRE)--On Thursday, January 25, 2024, Xcel Energy (NASDAQ: XEL) will host a conference call to review fourth quarter and year end 2023 financial results. The earnings report will be released prior to the market open on the same date. The call will begin at 9:00 a.m. Central Time. To participate in the conference call, please dial in at least 10 minutes prior to the scheduled start and follow the operator's instructions. You will be asked for the conference password. US Di.

Xcel Energy (XEL) collaborates with Ford Pro to support the installation of 30,000 EV charging ports in its service territories across the United States by 2030.

Ford Motor Company (NYSE:F)'s commercial division Ford Pro has partnered with electricity provider Xcel Energy on the rollout of 30,000 electric vehicle (EV) charging ports across the United States by 2030. The two companies said Tuesday that their new 30x30 initiative under Xcel Energy's broader Electric Vehicle Supply Infrastructure (EVSI) will scale EV adoption and improve access to charging infrastructure for business fleets across Xcel Energy's U.S.

Ford's commercial unit will collaborate with utility firm Xcel Energy to install 30,000 electric vehicle (EV) charging ports across the U.S. by 2030, the companies said on Tuesday.