Xcel Energy (XEL) Q4 Earnings Meet Estimates, Sales Beat

By Zacks Investment ResearchStock MarketsJan 26, 2022 11:30PM ET

www.investing.com/analysis/xcel-energy-xel-q4-earnings-meet-estimates-sales-beat-200616198

Xcel Energy (XEL) Q4 Earnings Meet Estimates, Sales Beat

By Zacks Investment Research | Jan 26, 2022 11:30PM ET

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Xcel Energy Inc (NASDAQ:XEL). XEL posted fourth-quarter 2021 operating earnings of 58 cents per share, which is on par with the Zacks Consensus Estimate. The bottom line also rose 7.4% from the year-ago earnings of 54 cents.

Xcel Energy’s 2021 earnings per share (EPS) were $2.96, up 6% from $2.76 in 2020. The successful execution of XEL’s 2021 initiatives resulted in a strong performance.

Total Revenues

Xcel Energy’s fourth-quarter revenues of $3,355 million beat the Zacks Consensus Estimate of $3,136 million by 7%. The same improved 14% from the prior-year quarter’s $2,947 million.

Xcel Energy Inc. Price, Consensus and EPS Surprise

Xcel Energy Inc. price-consensus-eps-surprise-chart | Xcel Energy Inc. Quote

Segmental Results

Electric: Revenues rose 8% to $2,562 million from $2,372 million in the year-ago quarter.

Natural Gas: Revenues improved 38.6% from the year-ago quarter’s $554 million to $768 million.

Other: Revenues in the segment increased 19% to $25 million from the year-ago quarter’s $21 million.

Highlights of the Release

Total operating expenses increased 16% year over year to $2,922 million, primarily due to higher electric fuel and purchased power and the cost of natural gas sold and transported.

Operating income in the reported quarter improved 1.6% from the prior-year quarter’s reading to $433 million.

Total interest charges and financing costs in the reported quarter fell 1.47% from the prior-year figure to $206 million.

In 2021, Electric and Natural Gas customers increased 1.2% and 1.1%, respectively, year over year.

Growth Prospects

Xcel Energy anticipates 2022 EPS in the range of $3.10-$3.20, in sync with its long-term growth objective of 5-7%. XEL expects to invest $26 billion during the 2022-2026 period.

Zacks Rank

Xcel Energy currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Upcoming Releases

PNM Resources PNM is set to release fourth-quarter 2021 results on Feb 3. The Zacks Consensus Estimate for EPS is pegged at 15 cents.

PNM Resource’s long-term (three to five years) earnings growth is projected at 5.2%. The Zacks Consensus Estimate for PNM’s 2022 EPS indicates year-over-year growth of 5.86%.

Duke Energy DUK is set to release fourth-quarter 2021 results on Feb 10. The Zacks Consensus Estimate for EPS is pegged at 95 cents.

Duke Energy’s long-term earnings growth is projected at 5.3%. The Zacks Consensus Estimate for DUK’s 2022 EPS indicates year-over-year growth of 4.59%.

Dominion Energy D is scheduled to announce fourth-quarter 2021 results on Feb 11. The Zacks Consensus Estimate for earnings is pegged at 90 cents per share.

Dominion’s long-termearnings growth is projected at 6.6%. The Zacks Consensus Estimate for D’s 2022 EPS suggests year-over-year growth of 7%.

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Xcel Energy Inc. (XEL): Free Stock Analysis Report

Duke Energy Corporation (NYSE:DUK): Free Stock Analysis Report

Dominion Energy Inc. (D): Free Stock Analysis Report

PNM Resources, Inc. (PNM): Free Stock Analysis Report

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Xcel Energy (XEL) Q4 Earnings Meet Estimates, Sales Beat

Total Revenues

Xcel Energy Inc. Price, Consensus and EPS Surprise

Segmental Results

Highlights of the Release

Growth Prospects

Zacks Rank

Upcoming Releases

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