GAAP 2019 first quarter earnings per share were $0.61 compared with $0.57 per share in 2018.
Xcel Energy reaffirms 2019 earnings guidance of $2.55 to $2.65.
MINNEAPOLIS — Xcel Energy Inc. (NASDAQ: XEL) today reported 2019 first quarter GAAP and ongoing earnings of $315 million, or $0.61 per share, compared with $291 million, or $0.57 per share in the same period in 2018.
Earnings reflect higher electric and natural gas margins due to regulatory rate outcomes and favorable weather which were partially offset by higher depreciation, operating and maintenance and interest expenses.
“We are off to a good start with strong first quarter earnings and are on track to deliver earnings within our 2019 guidance range,” said Ben Fowke, chairman, president and CEO of Xcel Energy.
“In addition, we are making strides toward our ambitious vision to deliver 100% carbon-free electricity to customers by 2050 and have already reduced carbon emissions to our customers by 38% since 2005,” said Fowke. “Our wind energy expansion is key to achieving those clean energy targets, and we have marked another milestone with approval to build the Cheyenne Ridge Wind farm in Colorado. The 500-megawatt project is part of our steel-for-fuel strategy that will help us continue to keep bills low, build on our clean energy leadership and provide economic benefits for the region.”
At 9:00 a.m. CDT today, Xcel Energy will host a conference call to review financial results. To participate in the call, please dial- in 5 to 10 minutes prior to the start and follow the operator’s instructions.
The conference call also will be simultaneously broadcast and archived on Xcel Energy’s website at www.xcelenergy.com. To access the presentation, click on Investor Relations. If you are unable to participate in the live event, the call will be available for replay from 1:00 p.m. CDT on April 25 through 11:00 p.m. CDT on April 28.
The following information was filed by Northern States Power Co on Thursday, April 25, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.
View differences made from one quarter to another to evaluate Northern States Power Co's financial trajectory
Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were removed, and by Northern States Power Co.
CIK: 1123852 Form Type:10-Q Quarterly Report Accession Number: 0001123852-19-000010 Submitted to the SEC: Fri Apr 26 2019 4:55:31 PM EST Accepted by the SEC: Fri Apr 26 2019 Period: Sunday, March 31, 2019 Industry: Electric And Other Services Combined