Xcel Energy ( (XEL) ) has released its Q4 earnings. Here is a breakdown of the information Xcel Energy presented to its investors.
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Xcel Energy is a leading utility company in the United States, primarily engaged in the generation, transmission, and distribution of electricity and natural gas, with a focus on renewable energy and sustainable practices.
In its 2024 year-end earnings report, Xcel Energy announced a solid financial performance with a GAAP earnings per share (EPS) of $3.44 and an ongoing EPS of $3.50, marking the 20th consecutive year of meeting or exceeding earnings guidance. The company has initiated its 2025 ongoing EPS guidance in the range of $3.75 to $3.85.
The report highlights several key achievements, including a long-term EPS growth target of 6-8% and a dividend growth target of 4-6%. Xcel Energy has updated its five-year capital plan to $45 billion, with an additional $10 billion in capital investments. The company invested $7.6 billion in expanding, strengthening, and modernizing its electric and natural gas systems, and made significant progress on resource plans and related requests for proposals for up to 29,000 MW of generation.
Looking forward, Xcel Energy’s management remains optimistic about the company’s prospects, emphasizing continued growth in both earnings and dividends, along with strategic investments to enhance infrastructure and sustainability. Their focus on reducing operational risks and improving outcomes for stakeholders positions them well for future challenges and opportunities in the energy sector.
