Previous Close | 55.33 |
Open | 55.51 |
Bid | 54.95 x 700 |
Ask | 55.01 x 700 |
Day's Range | 54.35 - 55.69 |
52 Week Range | 46.79 - 70.72 |
Volume | |
Avg. Volume | 5,777,516 |
Market Cap | 30.556B |
Beta (5Y Monthly) | 0.37 |
PE Ratio (TTM) | 17.14 |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | 2.19 (3.96%) |
Ex-Dividend Date | Mar 14, 2024 |
1y Target Est | N/A |
Xcel Energy (XEL) reports better-than-expected first-quarter earnings. The company continues to register an increase in electric and natural gas customer volumes.
Xcel Energy posted a better-than-expected first-quarter profit on Thursday, even as the electric and natural gas utility faced growing liabilities tied to the largest wildfire in Texas history. Xcel faces 15 lawsuits in connection with the Texas Smokehouse Creek blaze, which burned more than 1 million acres in the Lone Star state this year, with at least two of the complaints claiming the utility was negligent in maintaining electrical infrastructure that led to the fire. Anticipating losses from the Smokehouse Creek Fire, Xcel recorded a pre-tax charge during the quarter of $215 million, which it called the low-end of a range.
The headline numbers for Xcel (XEL) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.