Xcel Energy (XEL) Tops Q3 EPS by 5c, Revenues Miss; Narrows FY20 EPS Outlook, Initiates FY21 EPS Guidance

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Go back to Xcel Energy (XEL) Tops Q3 EPS by 5c, Revenues Miss; Narrows FY20 EPS Outlook, Initiates FY21 EPS Guidance

Xcel Energy Third Quarter 2020 Earnings Report

October 29, 2020 6:00 AM EDT

GAAP 2020 third quarter diluted EPS was $1.14 compared with $1.01 per share in 2019. Xcel Energy narrows its 2020 EPS guidance range to $2.75 to $2.81 from $2.73 to $2.83 per share. Xcel Energy initiates 2021 EPS guidance of $2.90 to $3.00.

MINNEAPOLIS--(BUSINESS WIRE)-- Xcel Energy Inc. (NASDAQ: XEL) today reported 2020 third quarter GAAP and ongoing earnings of $603 million, or $1.14 per share, compared with $527 million, or $1.01 per share in the same period in 2019.

Xcel Energy achieved strong third quarter results despite the ongoing pandemic and has launched important new initiatives to support our customers,... More