Ongoing earnings reached $1.52 per share, comfortably beating analyst consensus estimates of $1.39 per share. While total operating revenues climbed to $4.17 billion from $3.92 billion, the figure fell slightly short of the $4.26 billion projected by Wall Street.
In section Market Quotes
Xcel Energy Lifts Profit Outlook After Strong Third Quarter
Warm weather and surging grid infrastructure returns pushed Xcel Energy to a sharp earnings increase this quarter, prompting the utility to tighten its full-year outlook. The company reported net income of $960 million, significantly outpacing the $524 million recorded during the same period last year.
Management narrowed its full-year guidance, raising the floor for ongoing earnings to $4.10 per share from $4.04, while maintaining the upper limit at $4.16. Looking further ahead, the company established a target for 2027, projecting ongoing earnings between $4.48 and $4.62 per share. These results reflect consistent capital deployment into grid modernization and the favorable impact of unseasonably high temperatures on utility demand.
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