XEL Misses Q3 Earnings & Revenue Estimates, Plans to Invest $45B

Zacks11-01 01:45

Xcel Energy Inc. XEL reported third-quarter 2024 operating earnings of $1.25 per share, which lagged the Zacks Consensus Estimate of $1.29 by 3.1%. However, the bottom line increased 1.6% from the ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2480653320?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/NTnn361PUEIHnnwPS0IyXQ--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/b972538d06b5d0822d7c949e71fc1dd1","is_english":true,"pubTime":"2024-11-01 01:45","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2480653320","market":"us","top_or_hot":-1,"title":"XEL Misses Q3 Earnings & Revenue Estimates, Plans to Invest $45B","media":"Zacks","content":"<div>\n<p>Xcel Energy Inc. XEL reported third-quarter 2024 operating earnings of $1.25 per share, which lagged the Zacks Consensus Estimate of $1.29 by 3.1%. However, the bottom line increased 1.6% from the ...</p>\n\n<a href=\"https://finance.yahoo.com/news/xel-misses-q3-earnings-revenue-174500085.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>XEL Misses Q3 Earnings & Revenue Estimates, Plans to Invest $45B</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nXEL Misses Q3 Earnings & Revenue Estimates, Plans to Invest $45B\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-01 01:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/xel-misses-q3-earnings-revenue-174500085.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Xcel Energy Inc. XEL reported third-quarter 2024 operating earnings of $1.25 per share, which lagged the Zacks Consensus Estimate of $1.29 by 3.1%. However, the bottom line increased 1.6% from the ...</p>\n\n<a href=\"https://finance.yahoo.com/news/xel-misses-q3-earnings-revenue-174500085.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DTE","symbol_name":"DTE能源","start_time":0,"source_url":"https://finance.yahoo.com/news/xel-misses-q3-earnings-revenue-174500085.html","article_id":"2480653320","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/NTnn361PUEIHnnwPS0IyXQ--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/b972538d06b5d0822d7c949e71fc1dd1"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2480653320","pubTimestamp":1730396700,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Xcel Energy Inc. XEL reported third-quarter 2024 operating earnings of $1.25 per share, which lagged the Zacks Consensus Estimate of $1.29 by 3.1%. However, the bottom line increased 1.6% from the year-ago quarter’s $1.23.It reported GAAP earnings of $1.21 per share in the third quarter compared with $1.19 in the year-ago quarter.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The company’s revenues of $3.65 billion missed the Zacks Consensus Estimate of $3.96 billion by 8.1%. The figure declined 0.5% from the year-ago quarter’s $3.66 billion.Xcel Energy Inc. Price, Consensus and EPS Surprise. Xcel Energy Inc. price-consensus-eps-surprise-chart | Xcel Energy Inc. Quote. NextEra Energy, Inc. NEE reported third-quarter 2024 adjusted earnings of $1.03 per share, which beat the Zacks Consensus Estimate of 98 cents by 5.1%.NEE’s long-term  earnings growth rate is 8.12%. It delivered an average earnings surprise of 7.05% in the last four quarters.DTE Energy Company D","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"DTE":"DTE能源","XEL":"埃克西尔能源","NEE":"新纪元能源","NEP":"Nextera Energy Partners"},"translate_title":"XEL未达到第三季度盈利和收入预期，计划投资45B美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XEL":1,"DTE":0.9,"NEE":0.9,"NEP":0.9},"content_text":"Xcel Energy Inc. XEL reported third-quarter 2024 operating earnings of $1.25 per share, which lagged the Zacks Consensus Estimate of $1.29 by 3.1%. However, the bottom line increased 1.6% from the year-ago quarter’s $1.23.It reported GAAP earnings of $1.21 per share in the third quarter compared with $1.19 in the year-ago quarter.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.\nTotal Revenues of XEL\nThe company’s revenues of $3.65 billion missed the Zacks Consensus Estimate of $3.96 billion by 8.1%. The figure declined 0.5% from the year-ago quarter’s $3.66 billion.\n\nXcel Energy Inc. Price, Consensus and EPS Surprise\n\nXcel Energy Inc. price-consensus-eps-surprise-chart | Xcel Energy Inc. Quote\n\nXEL’s Segmental Results\nElectric: This segment’s revenues totaled $3.39 billion, up 0.2% from $3.38 billion in the year-ago quarter.Natural Gas: Revenues in this segment declined 2.4% to $0.24 billion from $0.25 billion in the year-ago quarter.Other: This segment’s revenues were $12 million compared with $30 million in the prior year quarter.\nHighlights of XEL’s Q3 Release\nTotal operating expenses declined 0.5% year over year to $2.73 billion. This can be attributed to lower electric fuel and purchased power costs and the cost of natural gas sold and transported.Operating income decreased 0.4% year over year to $911 million.Total interest charges and financing costs rose 21.2% to $326 million from the prior-year quarter’s reported figure of $269 million.In the reported quarter, Xcel Energy registered 1.3% growth in electric customer volume and a 1.1% increase in natural gas customer volume. In the same time frame, natural gas sales increased 0.1% from the year-ago period and electric sales volume increased 0.2%.\nGuidance of XEL\nXcel Energy reaffirmed 2024 earnings per share in the range of $3.50- $3.60. The Zacks Consensus Estimate is pegged at $3.55, in line with the midpoint of the guided range. The company declared 2025 earnings per share guidance of $3.75-$3.85.XEL estimates retail electric sales to increase 1% in 2024, while natural gas sales volumes are anticipated to decline 1% from the year-ago level. Xcel Energy plans to invest $45 billion in 2025-2029 to further strengthen its infrastructure.\nXEL’s Zacks Rank\nXEL currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.\nOther Releases\nNextEra Energy, Inc. NEE reported third-quarter 2024 adjusted earnings of $1.03 per share, which beat the Zacks Consensus Estimate of 98 cents by 5.1%.NEE’s long-term (three-to-five years) earnings growth rate is 8.12%. It delivered an average earnings surprise of 7.05% in the last four quarters.DTE Energy Company DTE reported third-quarter 2024 operating earnings per share of $2.22, which beat the Zacks Consensus Estimate of $1.87 by 18.7%.DTE’s long-term earnings growth rate is 8.2%. The company delivered an average earnings surprise of 8.89% in the last four quarters.CenterPoint Energy CNP reported third-quarter 2024 adjusted earnings per share of 31 cents, which lagged the Zacks Consensus Estimate of 36 cents by 13.9%.CNP’s long-term earnings growth rate is 7.12%. It delivered an average earnings surprise of 0.76% in the last four quarters.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nXcel Energy Inc. (XEL) : Free Stock Analysis Report\nNextEra Energy, Inc. (NEE) : Free Stock Analysis Report\nDTE Energy Company (DTE) : Free Stock Analysis Report\nCenterPoint Energy, Inc. (CNP) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2480653320"}