Xcel Energy reports Q1 ongoing EPS 84c, consensus 92c

Reports Q1 revenue $3.91B, consensus $3.93B. “As we continue to advance our mission to make energy work better for our customers, we are building new generation, investing in system resilience and leading the energy transition to meet the goals and aspirations of the communities we serve,” said Bob Frenzel, chairman, president and CEO of Xcel Energy (XEL). “We reached a milestone in February, when Minnesota regulators approved a resource plan that includes nearly 5,000 megawatts of new wind, solar, battery storage and gas by 2030. Meanwhile, we continue to mitigate the risk of wildfires in our service areas through ongoing operating investments and regulatory support, including reaching settlements for our Texas System Resiliency and Colorado Wildfire Mitigation Plans.”