Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  Xcel Energy Inc    XEL

News SummaryMost relevantAll newsSector newsTweets

Xcel Energy Inc : Xcel Energy 1Q Net Slips 9.7% On Warm Winter

share with twitter share with LinkedIn share with facebook
share via e-mail
04/26/2012 | 02:09pm CEST

Xcel Energy Inc.'s (XEL) first-quarter profit fell 9.7% from an essentially flat core performance a year earlier as warm winter weather reduced demand for electricity and natural gas.

The profit decline, which included a much-worse-than-expected top line, comes after a streak of improving results last year for the Minnesota-based utility, which serves a broad range of markets in Colorado and the Midwest.

Chairman and Chief Executive Ben Fowke in February warned Xcel faces new headwinds this year due to weaker electric and natural gas sales amid a spate of mild weather across the U.S. that threatens its bottom line.

The company recently reached a settlement in Colorado that will phase in rate increases gradually through 2014, potentially offering the multistate utility company more certainty about its future revenue.

In the latest quarter, the company said it experienced one of the warmest winters on record, prompting it to start cutting costs.

Xcel reported a profit of $183.9 million, down from $203.6 million a year earlier. On a per-share basis that includes the effect of preferred-share dividend payments, earnings fell to 38 cents from 42 cents as revenue slipped 8.5% to $2.58 billion.

Analysts polled by Thomson Reuters expected a 36-cent per-share profit and $2.72 billion of revenue.

Operating margin narrowed to 14.7% from 15.1%.

Revenue from Xcel's electricity business eased 4.6%, while natural-gas sales dropped 19%.

Shares of Xcel closed at $26.93 Wednesday and were inactive premarket.

-By Drew FitzGerald, Dow Jones Newswires; 212-416-2909; [email protected]

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on XCEL ENERGY INC
09/24 XCEL ENERGY : Boulder says municipalization ruling adds $23M in city costs
09/23 XCEL ENERGY : to help business customers tap energy savings
09/22 XCEL ENERGY : Power restored to SCSU campus area
09/22 XCEL ENERGY : and the City of Bloomington Create Butterfly and Bee Habitat
09/22 XCEL ENERGY : After spending $1.7M opposing past Boulder utility campaigns, Xcel..
09/21 XCEL ENERGY : Council again hears about nuisance abatement
09/20 XCEL ENERGY : Local Wind and Solar Energy Now Powering Northfield Schools
09/20 XCEL ENERGY : More than 1,700 customers without power in west Boulder
09/16 XCEL ENERGY : Electricity cheaper, natural gas up slightly in fourth quarter, Xc..
09/15 XCEL ENERGY INC : Other Events (form 8-K)
More news
News from SeekingAlpha
09/20 Xcel Energy (XEL) Presents At Mitsubishi UFJ Securities Utilities Conference ..
09/13 Xcel Energy (XEL) Investor Presentation - Slideshow
09/13 CONSTRUCTING A SUCCESSFUL LONG TERM : Step 2 - Installing The Utilities
09/13 A SHOPPING TRIP THROUGH MY 80+ STOCK : Historic Dividend Yield Prices And More
09/12 VALUATION DASHBOARD : Utilities - Update
Financials ($)
Sales 2017 11 831 M
EBIT 2017 2 335 M
Net income 2017 1 177 M
Debt 2017 15 609 M
Yield 2017 3,02%
P/E ratio 2017 20,62
P/E ratio 2018 19,42
EV / Sales 2017 3,37x
EV / Sales 2018 3,34x
Capitalization 24 220 M
Duration : Period :
Xcel Energy Inc Technical Analysis Chart | XEL | US98389B1008 | 4-Traders
Technical analysis trends XCEL ENERGY INC
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 13
Average target price 47,5 $
Spread / Average Target -0,32%
EPS Revisions
Benjamin G. S. Fowke Chairman, President & Chief Executive Officer
Kent T. Larson President-Group Operations & Executive VP
Robert C. Frenzel Chief Financial Officer & Executive Vice President
A. Patricia Sampson Independent Director
Richard K. Davis Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
XCEL ENERGY INC17.96%24 220
IBERDROLA6.30%49 734
SOUTHERN CO-0.33%49 004