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Xcel Energy (XEL) Tops Q4 Earnings, Reaffirms '17 Outlook
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Minneapolis-based Xcel Energy Inc. (XEL - Free Report) recorded fourth-quarter operating earnings of 45 cents per share, topping the Zacks Consensus Estimate of 44 cents by 2.3%. Reported earnings also improved 9.8% on a year-over-year basis.
Full-year earnings came in at $2.21, higher than both the Zacks Consensus Estimate of $2.20 and the year-ago tally of $2.09.
Total Revenue
Xcel Energy’s fourth-quarter revenues of $2,794.7 million missed the Zacks Consensus Estimate of $3,320 million by 15.8% but were up 5.6% from the prior-year quarter level of $2,645.8 million.
Full-year revenues amounted to $11,106.9 million, lagging the Zacks Consensus Estimate of $11,500 million. However, revenues were marginally up from $11,024.5 million in 2015.
Segment Results
Electric: Segment revenues increased from $2,170.2 million to $2,290.6 million in the reported quarter.
Natural Gas: Quarterly revenues grew 6.4% to $484.9 million.
Other: The segment raked in revenues of $19.2 million in the quarter, down 2.5%.
Quarterly Highlights
Total operating expenses increased 5.7% year over year to $2,329.3 million. Costs increased primarily due to higher depreciation and amortization, and higher electric fuel and purchased power
Operating income in the reported quarter increased 5.5% to $465.4 million.
Xcel Energy Inc. Price, Consensus and EPS Surprise
Total debt as of Dec 31, 2016 was $14.9 billion, out of which long-term debt comprised $14.2 billion.
Looking Ahead
Xcel Energy has reiterated its 2017 operating earnings guidance in the range of $2.25–$2.35 per share.
The company projects a long-term annual earnings growth rate of 4–6%.
Peer Releases
American Electric Power Co., Inc. (AEP - Free Report) reported fourth-quarter 2016 operating earnings of 67 cents per share, beating the Zacks Consensus Estimate of 55 cents by 21.8%.
NextEra Energy, Inc. (NEE - Free Report) reported fourth-quarter 2016 adjusted earnings of $1.21 per share, missing the Zacks Consensus Estimate of $1.29 by 6.2%. Reported earnings were, however, up 3.4% year over year.
WEC Energy Group (WEC - Free Report) reported fourth-quarter 2016 adjusted earnings of 61 cents per share, a penny lower than both the Zacks Consensus Estimate and the year-ago figure of 62 cents.
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Xcel Energy (XEL) Tops Q4 Earnings, Reaffirms '17 Outlook
Minneapolis-based Xcel Energy Inc. (XEL - Free Report) recorded fourth-quarter operating earnings of 45 cents per share, topping the Zacks Consensus Estimate of 44 cents by 2.3%. Reported earnings also improved 9.8% on a year-over-year basis.
Full-year earnings came in at $2.21, higher than both the Zacks Consensus Estimate of $2.20 and the year-ago tally of $2.09.
Total Revenue
Xcel Energy’s fourth-quarter revenues of $2,794.7 million missed the Zacks Consensus Estimate of $3,320 million by 15.8% but were up 5.6% from the prior-year quarter level of $2,645.8 million.
Full-year revenues amounted to $11,106.9 million, lagging the Zacks Consensus Estimate of $11,500 million. However, revenues were marginally up from $11,024.5 million in 2015.
Segment Results
Electric: Segment revenues increased from $2,170.2 million to $2,290.6 million in the reported quarter.
Natural Gas: Quarterly revenues grew 6.4% to $484.9 million.
Other: The segment raked in revenues of $19.2 million in the quarter, down 2.5%.
Quarterly Highlights
Total operating expenses increased 5.7% year over year to $2,329.3 million. Costs increased primarily due to higher depreciation and amortization, and higher electric fuel and purchased power
Operating income in the reported quarter increased 5.5% to $465.4 million.
Xcel Energy Inc. Price, Consensus and EPS Surprise
Xcel Energy Inc. Price, Consensus and EPS Surprise | Xcel Energy Inc. Quote
Financial Highlights
Total debt as of Dec 31, 2016 was $14.9 billion, out of which long-term debt comprised $14.2 billion.
Looking Ahead
Xcel Energy has reiterated its 2017 operating earnings guidance in the range of $2.25–$2.35 per share.
The company projects a long-term annual earnings growth rate of 4–6%.
Peer Releases
American Electric Power Co., Inc. (AEP - Free Report) reported fourth-quarter 2016 operating earnings of 67 cents per share, beating the Zacks Consensus Estimate of 55 cents by 21.8%.
NextEra Energy, Inc. (NEE - Free Report) reported fourth-quarter 2016 adjusted earnings of $1.21 per share, missing the Zacks Consensus Estimate of $1.29 by 6.2%. Reported earnings were, however, up 3.4% year over year.
WEC Energy Group (WEC - Free Report) reported fourth-quarter 2016 adjusted earnings of 61 cents per share, a penny lower than both the Zacks Consensus Estimate and the year-ago figure of 62 cents.
Zacks Rank
Xcel Energy carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Zacks’ Best Private Investment Ideas
In addition to the recommendations that are available to the public on our website, how would you like to follow all Zacks' private buys and sells in real time?
Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Starting today, for the next month, you can have unrestricted access. Click here for Zacks' private trades >>