XEL Earnings Prediction
The chart below shows how XEL performed 10 days before and after its earnings report, based on data from the past quarters. Typically, XEL sees a -0.74% change in stock price 10 days leading up to the earnings, and a +0.17% change 10 days following the report. On the earnings day itself, the stock moves by +0.82%. This data can give you a slight idea of what to expect for the next quarter's release.
XEL Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
3.64B
-0.49%
20.34%
Gross Margin
50.41%
3.77%
12.98%
Operating Margin
25.00%
-3.51%
68.58%
Net Margin
18.72%
4.52%
87.76%
EPS
1.21
1.68%
124.07%
No Data Available
XEL Earnings Analysis
Xcel Energy, Inc. Corporation (XEL.O) Earnings Conference Call
Positive
Earnings Per Share Increase: 1. Ongoing Earnings Growth: Xcel Energy reported ongoing earnings of $1.25 per share for Q3 2024, an increase from $1.23 per share in Q3 2023, driven by positive outcomes from rate cases and nonfuel riders, which contributed $0.25 per share to earnings.
Capital Investment in Energy: 2. Significant Capital Investment: The company invested $2 billion in resilient and reliable energy infrastructure during the quarter, supporting its commitment to clean energy and community development.
Customer Load Expansion: 3. Strong Customer Load Growth: Xcel Energy anticipates securing contracts with about 25% of its nearly 9,000 megawatts of data center opportunities in its customer pipeline over the next five years, contributing to its projected 5% annual electric sales growth.
Earnings Guidance Update: 4. Long-term Earnings Guidance: The company reaffirmed its 2024 ongoing earnings guidance of $3.50 to $3.60 per share and initiated its 2025 earnings guidance range of $3.75 to $3.85 per share, reflecting a 7% growth from the midpoint of 2024 guidance.
Cost Savings Achievement: 5. Cost Management Success: Xcel Energy's continuous improvement programs have saved nearly $0.5 billion in O&M expenses since 2020, while keeping O&M costs significantly below the rate of inflation over the past decade.
Negative
Earnings Impact Charge: In the third quarter of 2024, Xcel Energy recorded a charge of $35 million due to the disallowance of $46 million in replacement power costs, impacting earnings by $0.04 per share.
O&M Expense Increase: Year-to-date, operating and maintenance (O&M) expenses increased by $58 million, primarily due to higher generation maintenance and storm expenses, leading to a revised full-year O&M forecast increase of 3% to 4% relative to 2023.
Earnings Impact from Expenses: Higher depreciation and amortization expenses decreased earnings by $0.08 per share, reflecting the impact of capital investment programs.
Earnings Decline Due to Interest: Increased interest charges, driven by rising interest rates and higher debt levels, decreased earnings by $0.08 per share, indicating financial strain from capital funding.
Earnings Guidance Update: Xcel Energy's ongoing earnings guidance for 2025 was initiated at $3.75 to $3.85 per share, reflecting a lower growth expectation compared to previous years.
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XEL Earning Call Sentiment
Xcel Energy Inc. (XEL) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
XEL.O
2.07%Positive
The earnings call summary presents strong financial metrics, including increased EPS and reaffirmed guidance, with optimistic guidance updates for 2025. Capital investment plans and electrification growth indicate long-term potential. Despite some risks and unclear responses in the Q&A, the positive aspects outweigh negatives, especially the strategic focus on clean energy and data center growth. The dividend growth objective, while modest, supports financial flexibility. Given the absence of market cap data, the overall sentiment is positive, likely leading to a 2% to 8% stock price increase.