Xcel Energy Q3 profit rises on electric infrastructure recovery, narrows outlook
Xcel Energy Q3 profit rises on electric infrastructure recovery, narrows outlook
Overview
U.S. regulated utility's Q3 revenue missed analyst expectations, ongoing EPS rose yr/yr
Company narrows 2026 ongoing EPS guidance, initiates 2027 guidance
Q3 results driven by electric infrastructure recovery, equity investments, and warm weather
Outlook
Xcel Energy narrows 2026 ongoing EPS guidance to $4.10-$4.16
Company initiates 2027 ongoing EPS guidance of $4.48-$4.62
Xcel Energy targets long-term annual EPS growth of 6-8% and dividend growth of 4-6%
Result Drivers
ELECTRIC INFRASTRUCTURE RECOVERY - Co said increased recovery of electric infrastructure investments drove higher ongoing EPS
EQUITY INVESTMENTS - Higher earnings from equity method investments contributed to EPS growth
UNSEASONABLY WARM WEATHER - Co said warm weather increased electric sales and contributed to earnings growth
HIGHER FINANCING COSTS - Increased interest charges partially offset earnings growth
Company press release: ID:nBw5pc5bDa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Miss | $4.17 bln | $4.26 bln (7 Analysts) |
Q3 EPS |
| $1.52 |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the electric utilities peer group is "buy"
Wall Street's median 12-month price target for Xcel Energy Inc is $91.00, about 17.9% above its October 28 closing price of $77.18
The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 19 three months ago
Reuters Recommended Reads
Oct 27 - CenterPoint Energy Q3 adjusted EPS beats estimates, raises 2026 outlook
Oct 28 - American Electric Power Q3 revenue rises 13.7%, beats estimates
Oct 27 - ONEOK Q3 results beat estimates on higher product volumes; raises 2026 outlook
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)