We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Xcel Energy's (XEL) Q2 Earnings & Revenues Miss Estimates
Read MoreHide Full Article
Xcel Energy Inc. (XEL - Free Report) posted second-quarter 2019 operating earnings of 46 cents per share, which lagged the Zacks Consensus Estimate of 53 cents by 13.21%.
Second quarter earnings gained from higher electric and natural gas margins courtesy of non-fuel riders and regulatory rate outcomes. However, these factors were offset by unfavorable weather, increased depreciation, interest and operating as well as maintenance expenses.
Total Revenues
Xcel Energy’s second-quarter revenues amounted to $2,577 million, which missed the Zacks Consensus Estimate of $2,778 million by 7.22%. The figure also declined 3% from the prior-year quarter’s tally of $2,658 million. Lower Electric revenues hurt the quarterly outcome.
Xcel Energy Inc. Price, Consensus and EPS Surprise
Electric: Revenues declined 4.2% to $2,249 million from $2,348 million in the last reported quarter.
Natural Gas: Revenues improved 5.5% to $308 million from the year-ago quarter’s tally.
Other: Revenues in the segment amounted to $20 million in the quarter, up 11.1% from the year-ago quarter’s figure.
Quarterly Highlights
Total operating expenses dipped 1.8% year over year to $2,167 million.
Operating income in the reported quarter fell 8.9% from the prior-year quarter’s tally to $410 million.
Total interest charges and financing costs in the reported quarter rose 9.1% from the prior-year quarter’s figure to $179 million.
Outlook
Xcel Energy reaffirmed 2019 earnings per share guidance in the range of $2.55-$2.65 and long-term earnings growth in the band of 5-7% from a base of $2.43 (mid-point of the original 2018 guidance range) per share.
Xcel Energy projects an annual increase in dividend rate by 5-7%.
American Electric Power Co., Inc (AEP - Free Report) reported second-quarter 2019 adjusted EPS of $1.00, which surpassed the Zacks Consensus Estimate of 98 cents by 2%.
NextEra Energy (NEE - Free Report) reported second-quarter 2019 adjusted earnings of $2.35 per share, which beat the Zacks Consensus Estimate of $2.28 by 3.1%.
CMS Energy Corp. (CMS - Free Report) reported second-quarter 2019 adjusted EPS of 33 cents, which missed the Zacks Consensus Estimate of 44 cents by 25%.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Xcel Energy's (XEL) Q2 Earnings & Revenues Miss Estimates
Xcel Energy Inc. (XEL - Free Report) posted second-quarter 2019 operating earnings of 46 cents per share, which lagged the Zacks Consensus Estimate of 53 cents by 13.21%.
Second quarter earnings gained from higher electric and natural gas margins courtesy of non-fuel riders and regulatory rate outcomes. However, these factors were offset by unfavorable weather, increased depreciation, interest and operating as well as maintenance expenses.
Total Revenues
Xcel Energy’s second-quarter revenues amounted to $2,577 million, which missed the Zacks Consensus Estimate of $2,778 million by 7.22%. The figure also declined 3% from the prior-year quarter’s tally of $2,658 million. Lower Electric revenues hurt the quarterly outcome.
Xcel Energy Inc. Price, Consensus and EPS Surprise
Xcel Energy Inc. price-consensus-eps-surprise-chart | Xcel Energy Inc. Quote
Segment Results
Electric: Revenues declined 4.2% to $2,249 million from $2,348 million in the last reported quarter.
Natural Gas: Revenues improved 5.5% to $308 million from the year-ago quarter’s tally.
Other: Revenues in the segment amounted to $20 million in the quarter, up 11.1% from the year-ago quarter’s figure.
Quarterly Highlights
Total operating expenses dipped 1.8% year over year to $2,167 million.
Operating income in the reported quarter fell 8.9% from the prior-year quarter’s tally to $410 million.
Total interest charges and financing costs in the reported quarter rose 9.1% from the prior-year quarter’s figure to $179 million.
Outlook
Xcel Energy reaffirmed 2019 earnings per share guidance in the range of $2.55-$2.65 and long-term earnings growth in the band of 5-7% from a base of $2.43 (mid-point of the original 2018 guidance range) per share.
Xcel Energy projects an annual increase in dividend rate by 5-7%.
Zacks Rank
Xcel Energy carries a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Other Utility Releases
American Electric Power Co., Inc (AEP - Free Report) reported second-quarter 2019 adjusted EPS of $1.00, which surpassed the Zacks Consensus Estimate of 98 cents by 2%.
NextEra Energy (NEE - Free Report) reported second-quarter 2019 adjusted earnings of $2.35 per share, which beat the Zacks Consensus Estimate of $2.28 by 3.1%.
CMS Energy Corp. (CMS - Free Report) reported second-quarter 2019 adjusted EPS of 33 cents, which missed the Zacks Consensus Estimate of 44 cents by 25%.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>