Xcel Energy Reports Q4 Earnings Miss, Issues 2023 Guidance
MINNEAPOLIS (AP) - Xcel Energy Inc. (XEL) announced its fourth-quarter financial results on Thursday, with net income falling below analysts' expectations.
Fourth-Quarter Results:
* Net income: $464 million
* Earnings per share: 81 cents
* Revenue: $3.12 billion
Analysts' Estimates:
* Earnings per share: 87 cents
* Revenue: $3.72 billion
Full-Year Results:
* Net income: $1.94 billion
* Earnings per share: $3.44
* Revenue: $13.44 billion
2023 Guidance:
Xcel Energy anticipates full-year earnings per share in the range of $3.75 to $3.85.