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Southwestern Public Service Co (92521) SEC Filing 10-Q Quarterly report for the period ending Sunday, September 30, 2018

Southwestern Public Service Co

CIK: 92521

Exhibit 99.01
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414 Nicollet Mall
Oct. 25, 2018
Minneapolis, MN 55401

XCEL ENERGY
THIRD QUARTER 2018 EARNINGS REPORT

Xcel Energy reports 2018 third quarter EPS of $0.96 per share compared with $0.97 per share in 2017.
Xcel Energy narrows its 2018 EPS guidance range to $2.45 to $2.49 from previous EPS guidance of $2.41 to $2.51.
Xcel Energy initiates 2019 EPS guidance of $2.55 to $2.65.
Xcel Energy increases its long-term EPS growth objective to 5 to 7 percent.

MINNEAPOLIS — Xcel Energy Inc. (NASDAQ: XEL) today reported 2018 third quarter GAAP and ongoing earnings of $491 million, or $0.96 per share, compared with $492 million, or $0.97 per share in the same period in 2017.

Earnings results for the quarter are a function of higher electric and natural gas margins due to favorable weather and sales growth, higher AFUDC and a lower tax rate, which were more than offset by higher depreciation, operating and maintenance, and interest expenses.
 
“Third quarter results were in line with our forecast, while our year-to-date results continue to be favorable,” said Ben Fowke, chairman, president and CEO of Xcel Energy. “We are on track to achieve our revised year-end earnings guidance, we are well positioned for the future, and we are increasing our long-term growth objective to 5 to 7 percent,”

“We reached important milestones in our strategy of expanding our clean energy portfolio and upgrading the grid, including approval of the Colorado Energy Plan and our innovative supply agreement with EVRAZ, a major Colorado employer,” said Fowke. “We also made strides in delivering new energy options and enhanced services for our customers, like our Minnesota proposal to advance the electric vehicle transition through affordable charging options and filing for approval of our RenewableConnect product in Wisconsin. These initiatives further our vision of being the preferred and trusted provider of the energy our customers need.”

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.

US Dial-In:
(800) 949-2175
International Dial-In:
(323) 994-2131
Conference ID:
 3269787

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 12:00 p.m. CDT on Oct. 25 through 12:00 p.m. CDT on Oct. 28.

Replay Numbers
 
US Dial-In:
(888) 203-1112
International Dial-In:
(719) 457-0820
Access Code:
 3269787


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The following information was filed by Southwestern Public Service Co on Thursday, October 25, 2018 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.

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Southwestern Public Service Co's Definitive Proxy Statement (Form DEF 14A) filed after their 2018 10-K Annual Report includes:

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Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Balance Sheets (Unaudited)
Balance Sheets (Unaudited) (Parenthetical)
Statements Of Cash Flows (Unaudited)
Statements Of Comprehensive Income (Unaudited)
Statements Of Comprehensive Income (Unaudited) (Parenthetical)
Statements Of Income (Unaudited)
Statements Of Income (Unaudited) (Parenthetical)
Accounting Pronouncements
Accounting Pronouncements (Details)
Benefit Plans And Other Postretirement Benefits
Benefit Plans And Other Postretirement Benefits (Details)
Benefit Plans And Other Postretirement Benefits (Tables)
Borrowings And Other Financing Instruments
Borrowings And Other Financing Instruments (Tables)
Borrowings And Other Financing Instruments, Credit Facility (Details)
Borrowings And Other Financing Instruments, Letters Of Credit (Details)
Borrowings And Other Financing Instruments, Short-Term Borrowings (Details)
Commitments And Contingencies
Commitments And Contingencies Commitments And Contingencies, Environmental Contingencies - Site Contingencies (Details)
Commitments And Contingencies, Purchased Power Agreements (Details)
Fair Value Of Financial Assets And Liabilities
Fair Value Of Financial Assets And Liabilities (Tables)
Fair Value Of Financial Assets And Liabilities Fair Value Of Financial Assets And Liabilities, Changes In Level 3 Commodity Derivatives (Details)
Fair Value Of Financial Assets And Liabilities, Derivative Instruments (Details)
Fair Value Of Financial Assets And Liabilities, Fair Value Measurements (Details)
Fair Value Of Financial Assets And Liabilities, Fair Value Of Long-Term Debt (Details)
Fair Value Of Financial Assets And Liabilities, Impact Of Derivative Activity (Details)
Income Taxes
Income Taxes (Details)
Income Taxes (Tables)
Management's Opinion
Other Comprehensive Income
Other Comprehensive Income (Details)
Other Comprehensive Income (Reclassifications From Aoci) (Details)
Other Comprehensive Income (Tables)
Other Income, Net
Other Income, Net (Details)
Other Income, Net (Tables)
Rate Matters
Rate Matters (Details)
Revenues
Revenues (Details)
Revenues (Tables)
Selected Balance Sheet Data
Selected Balance Sheet Data (Details)
Selected Balance Sheet Data (Tables)
Selected Balance Sheet Data Balance Sheet Related Disclosures, Inventories (Details)
Selected Balance Sheet Data Balance Sheet Related Disclosures, Property, Plant And Equipment (Details)
Summary Of Significant Accounting Policies

Material Contracts, Statements, Certifications & more

Southwestern Public Service Co provided additional information to their SEC Filing as exhibits

CIK: 92521
Form Type: 10-Q Quarterly Report
Accession Number: 0000092521-18-000013
Submitted to the SEC: Fri Oct 26 2018 4:37:12 PM EST
Accepted by the SEC: Fri Oct 26 2018
Period: Sunday, September 30, 2018
Industry: Electric And Other Services Combined

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