Xcel Energy Set to Announce Q4 Earnings on February 5th
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Should l Buy XEL?
Source: seekingalpha
- Earnings Announcement Date: Xcel Energy is set to announce its Q4 earnings on February 5th before market open, with a consensus EPS estimate of $0.96, reflecting an 18.5% year-over-year increase, indicating ongoing improvements in profitability that could positively impact stock prices.
- Revenue Growth Expectations: The expected revenue for Q4 is $3.78 billion, representing a 21.2% year-over-year growth, which highlights the company's success in meeting electricity demand and expanding services, potentially boosting investor confidence and attracting more capital inflows.
- Historical Performance Review: Over the past two years, Xcel Energy has only beaten EPS estimates 13% of the time, and has not exceeded revenue estimates, indicating challenges in revenue forecasting that may affect market expectations for future performance.
- Estimate Revision Dynamics: In the last three months, EPS estimates have seen 7 upward revisions and 3 downward revisions, while revenue estimates have experienced 2 upward revisions and 1 downward revision, reflecting differing analyst views on the company's future performance and influencing investor decisions.
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Analyst Views on XEL
Wall Street analysts forecast XEL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for XEL is 88.86 USD with a low forecast of 79.00 USD and a high forecast of 97.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
12 Buy
2 Hold
0 Sell
Strong Buy
Current: 75.950
Low
79.00
Averages
88.86
High
97.00
Current: 75.950
Low
79.00
Averages
88.86
High
97.00
About XEL
Xcel Energy Inc. is an electric and natural gas delivery company. The Company provides a comprehensive portfolio of energy-related products and services to approximately 3.9 million electric customers and 2.2 million natural gas customers through four utility subsidiaries, NSP-Minnesota, NSP-Wisconsin, PSCo and SPS. The Company operates through two segments. Its regulated electric utility segment generates, purchases, transmits, distributes and sells electricity in Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin. In addition, this segment includes sales for resale and provides wholesale transmission service to various entities in the United States. The regulated electric utility segment also includes wholesale commodity and trading operations. Its regulated natural gas utility segment purchases, transports, stores, distributes and sells natural gas primarily in portions of Colorado, Michigan, Minnesota, North Dakota and Wisconsin.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Xcel Energy Set to Announce Q4 Earnings on February 5th
- Earnings Announcement Date: Xcel Energy is set to announce its Q4 earnings on February 5th before market open, with a consensus EPS estimate of $0.96, reflecting an 18.5% year-over-year increase, indicating ongoing improvements in profitability that could positively impact stock prices.
- Revenue Growth Expectations: The expected revenue for Q4 is $3.78 billion, representing a 21.2% year-over-year growth, which highlights the company's success in meeting electricity demand and expanding services, potentially boosting investor confidence and attracting more capital inflows.
- Historical Performance Review: Over the past two years, Xcel Energy has only beaten EPS estimates 13% of the time, and has not exceeded revenue estimates, indicating challenges in revenue forecasting that may affect market expectations for future performance.
- Estimate Revision Dynamics: In the last three months, EPS estimates have seen 7 upward revisions and 3 downward revisions, while revenue estimates have experienced 2 upward revisions and 1 downward revision, reflecting differing analyst views on the company's future performance and influencing investor decisions.
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New Electric Transmission Projects Boost Midwest Economy
- Project Overview: Great River Energy, ITC Midwest, and Xcel Energy's PowerOn Midwest initiative features a 765 kV backbone transmission line designed to connect existing grids in South Dakota and Minnesota, aiming to meet increasing electricity demands and support regional economic growth.
- Application Progress: The partners have submitted a Certificate of Need application to the Minnesota Public Utilities Commission, with construction expected to begin in 2030 and operations by 2034, ensuring reliable electricity supply across all seasons and times.
- Community Engagement: Over the past year, the companies held 17 public open houses in Minnesota, actively engaging with landowners and local governments to gather input for determining the best line route, demonstrating a commitment to community involvement.
- Future Development Strategy: In addition to the 765 kV backbone, the project includes plans to rebuild existing 345 kV lines, enhancing transmission capacity to adapt to future electricity demand changes and promote sustainable development.
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- MOU Signing: NextEra Energy signed a memorandum of understanding with Xcel Energy to accelerate the delivery of generation resources for large load customers, including data centers, resulting in a 1.4% stock price increase on Wednesday, reaching its highest level in over three years.
- Resource Delivery Enhancement: The companies expect improved collaboration on generation, storage, and transmission investments will enable them to better anticipate system needs and quickly assess where large customer demand intersects with available grid and power assets, enhancing market responsiveness.
- Data Center Demand Growth: Xcel Energy stated that the agreement will allow it to increase the data center demand it can serve through the 2030s, reflecting a positive outlook on future market potential and further solidifying its position in the energy market.
- Formal Agreement Upcoming: Key commercial terms have been agreed upon in the MOU, with a formal joint development agreement expected to be executed in the coming months, marking a significant step in the deepening collaboration between the two companies in the energy sector.
See More
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Partnership Announcement: Xcel Energy and NEXTERA Energy have agreed to collaborate on delivering generation solutions.
Focus on Renewable Energy: The partnership aims to enhance the provision of renewable energy across Xcel Energy's service territories.
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GE Vernova Forms Strategic Alliance with Xcel Energy for Future Energy Projects
- Strategic Alliance Agreement: GE Vernova and Xcel Energy have signed a Strategic Alliance Agreement aimed at supporting energy projects through the 2030s, enhancing reliability, affordability, and sustainability for customers, thereby improving customer satisfaction and market competitiveness.
- Turbine Commitments: Xcel Energy has reserved five F-class gas turbines, which GE Vernova will manufacture in the U.S., supporting future generation needs while reserving capacity for multiple gigawatts of wind projects, advancing the renewable energy pipeline.
- Innovation Collaboration: The companies will jointly explore artificial intelligence applications and grid modernization research, planning to pursue joint R&D programs to support future technology pilots, ensuring progress towards sustainability and grid modernization goals.
- Stock Performance: Following the announcement, GE Vernova's shares rose 2.06% to $770.53, reaching a new 52-week high, reflecting positive market sentiment towards the strategic alliance and recognition of future growth potential.
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GE Vernova Stock Increases by 3.3% Following Strategic Partnership Agreement with Xcel Energy
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Stock Rise: Following the announcement of the agreement, Gevernova's shares have increased by 3.3%.
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Xcel Energy Set to Announce Q4 Earnings on February 5th
- Earnings Announcement Date: Xcel Energy is set to announce its Q4 earnings on February 5th before market open, with a consensus EPS estimate of $0.96, reflecting an 18.5% year-over-year increase, indicating ongoing improvements in profitability that could positively impact stock prices.
- Revenue Growth Expectations: The expected revenue for Q4 is $3.78 billion, representing a 21.2% year-over-year growth, which highlights the company's success in meeting electricity demand and expanding services, potentially boosting investor confidence and attracting more capital inflows.
- Historical Performance Review: Over the past two years, Xcel Energy has only beaten EPS estimates 13% of the time, and has not exceeded revenue estimates, indicating challenges in revenue forecasting that may affect market expectations for future performance.
- Estimate Revision Dynamics: In the last three months, EPS estimates have seen 7 upward revisions and 3 downward revisions, while revenue estimates have experienced 2 upward revisions and 1 downward revision, reflecting differing analyst views on the company's future performance and influencing investor decisions.
See More
New Electric Transmission Projects Boost Midwest Economy
- Project Overview: Great River Energy, ITC Midwest, and Xcel Energy's PowerOn Midwest initiative features a 765 kV backbone transmission line designed to connect existing grids in South Dakota and Minnesota, aiming to meet increasing electricity demands and support regional economic growth.
- Application Progress: The partners have submitted a Certificate of Need application to the Minnesota Public Utilities Commission, with construction expected to begin in 2030 and operations by 2034, ensuring reliable electricity supply across all seasons and times.
- Community Engagement: Over the past year, the companies held 17 public open houses in Minnesota, actively engaging with landowners and local governments to gather input for determining the best line route, demonstrating a commitment to community involvement.
- Future Development Strategy: In addition to the 765 kV backbone, the project includes plans to rebuild existing 345 kV lines, enhancing transmission capacity to adapt to future electricity demand changes and promote sustainable development.
See More
NextEra Energy and Xcel Energy Sign MOU to Enhance Resource Delivery
- MOU Signing: NextEra Energy signed a memorandum of understanding with Xcel Energy to accelerate the delivery of generation resources for large load customers, including data centers, resulting in a 1.4% stock price increase on Wednesday, reaching its highest level in over three years.
- Resource Delivery Enhancement: The companies expect improved collaboration on generation, storage, and transmission investments will enable them to better anticipate system needs and quickly assess where large customer demand intersects with available grid and power assets, enhancing market responsiveness.
- Data Center Demand Growth: Xcel Energy stated that the agreement will allow it to increase the data center demand it can serve through the 2030s, reflecting a positive outlook on future market potential and further solidifying its position in the energy market.
- Formal Agreement Upcoming: Key commercial terms have been agreed upon in the MOU, with a formal joint development agreement expected to be executed in the coming months, marking a significant step in the deepening collaboration between the two companies in the energy sector.
See More
XCEL ENERGY AND NEXTERA ENERGY PARTNER TO PROVIDE GENERATION SOLUTIONS AND SUPPORT LARGE LOAD IN XCEL ENERGY’S SERVICE AREAS
Partnership Announcement: Xcel Energy and NEXTERA Energy have agreed to collaborate on delivering generation solutions.
Focus on Renewable Energy: The partnership aims to enhance the provision of renewable energy across Xcel Energy's service territories.
See More
GE Vernova Forms Strategic Alliance with Xcel Energy for Future Energy Projects
- Strategic Alliance Agreement: GE Vernova and Xcel Energy have signed a Strategic Alliance Agreement aimed at supporting energy projects through the 2030s, enhancing reliability, affordability, and sustainability for customers, thereby improving customer satisfaction and market competitiveness.
- Turbine Commitments: Xcel Energy has reserved five F-class gas turbines, which GE Vernova will manufacture in the U.S., supporting future generation needs while reserving capacity for multiple gigawatts of wind projects, advancing the renewable energy pipeline.
- Innovation Collaboration: The companies will jointly explore artificial intelligence applications and grid modernization research, planning to pursue joint R&D programs to support future technology pilots, ensuring progress towards sustainability and grid modernization goals.
- Stock Performance: Following the announcement, GE Vernova's shares rose 2.06% to $770.53, reaching a new 52-week high, reflecting positive market sentiment towards the strategic alliance and recognition of future growth potential.
See More
GE Vernova Stock Increases by 3.3% Following Strategic Partnership Agreement with Xcel Energy
Strategic Alliance: Gevernova has signed a strategic alliance agreement with Xcel Energy.
Stock Rise: Following the announcement of the agreement, Gevernova's shares have increased by 3.3%.
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