Minneapolis-based Xcel Energy Inc. XEL recorded fourth-quarter operating earnings of 45 cents per share, topping the Zacks Consensus Estimate of 44 cents by 2.3%. Reported earnings also improved 9.8% on a year-over-year basis.
Full-year earnings came in at $2.21, higher than both the Zacks Consensus Estimate of $2.20 and the year-ago tally of $2.09.
Xcel Energy’s fourth-quarter revenues of $2,794.7 million missed the Zacks Consensus Estimate of $3,320 million by 15.8% but were up 5.6% from the prior-year quarter level of $2,645.8 million.
Full-year revenues amounted to $11,106.9 million, lagging the Zacks Consensus Estimate of $11,500 million. However, revenues were marginally up from $11,024.5 million in 2015.
Electric: Segment revenues increased from $2,170.2 million to $2,290.6 million in the reported quarter.
Natural Gas: Quarterly revenues grew 6.4% to $484.9 million.
Other: The segment raked in revenues of $19.2 million in the quarter, down 2.5%.
Total operating expenses increased 5.7% year over year to $2,329.3 million. Costs increased primarily due to higher depreciation and amortization, and higher electric fuel and purchased power
Operating income in the reported quarter increased 5.5% to $465.4 million.
Xcel Energy Inc. Price, Consensus and EPS Surprise
Xcel Energy Inc. Price, Consensus and EPS Surprise | Xcel Energy Inc. Quote
Total debt as of Dec 31, 2016 was $14.9 billion, out of which long-term debt comprised $14.2 billion.
Xcel Energy has reiterated its 2017 operating earnings guidance in the range of $2.25–$2.35 per share.
The company projects a long-term annual earnings growth rate of 4–6%.
American Electric Power Co., Inc. AEP reported fourth-quarter 2016 operating earnings of 67 cents per share, beating the Zacks Consensus Estimate of 55 cents by 21.8%.
NextEra Energy, Inc. NEE reported fourth-quarter 2016 adjusted earnings of $1.21 per share, missing the Zacks Consensus Estimate of $1.29 by 6.2%. Reported earnings were, however, up 3.4% year over year.
WEC Energy Group WEC reported fourth-quarter 2016 adjusted earnings of 61 cents per share, a penny lower than both the Zacks Consensus Estimate and the year-ago figure of 62 cents.
Xcel Energy carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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American Electric Power Company, Inc. (AEP): Free Stock Analysis Report
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