Overview * Xcel Energy Q3 revenue beats analyst expectations * Adjusted EPS for Q3 misses analyst estimates * GAAP EPS for Q3 declines to $0.88 from $1.21 in 2024 Outlook * Xcel Energy reaffirms 2025 ongoing EPS guidance of $3.75 to $3.85 * Xcel Energy initiates 2026 ongoing EPS guidance of $4.04 to $4.16 * Xcel Energy targets long-term EPS growth of 6-8+% and dividend growth of 4-6% Result Drivers * HIGHER EXPENSES – Increased depreciation, interest charges, and O&M expenses impacted Q3 ongoing earnings * INFRASTRUCTURE INVESTMENTS – Recovery of infrastructure investments partially offset higher expenses, supporting ongoing earnings * INVESTMENT PLAN – Co unveiled a five-year infrastructure investment plan to meet energy demand and carbon reduction goals Key Details Metric Beat/Mis Actual Consensu s s Estimate Q3 Beat $3.91 $3.89 Revenue bln bln (7 Analysts ) Q3 Miss $1.24 $1.31 Adjusted (13 EPS Analysts ) Q3 EPS $0.88 Analyst Coverage * The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell" * The average consensus recommendation for the electric utilities peer group is "buy" * Wall Street's median 12-month price target for Xcel Energy Inc is $87.00, about 8.4% above its October 29 closing price of $79.69 * The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 17 three months ago Press Release: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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