Welcome to our dedicated page for Xcel Energy news (Ticker: XEL), a resource for investors and traders seeking the latest updates and insights on Xcel Energy stock.
Xcel Energy Inc (NASDAQ: XEL) provides essential electric and natural gas services to millions across eight U.S. states while leading in renewable energy adoption. This news hub offers investors and stakeholders immediate access to official corporate communications and market-moving developments.
Track critical updates including quarterly earnings reports, regulatory filings, infrastructure investments, and clean energy initiatives. Our curated collection ensures timely access to press releases about rate changes, grid modernization projects, and sustainability milestones that shape XEL's operations.
Discover verified information on strategic partnerships, service territory expansions, and environmental compliance matters. The repository serves as an essential tool for monitoring this utility leader's progress in balancing reliable energy delivery with its industry-leading carbon reduction goals.
Bookmark this page for streamlined access to Xcel Energy's latest operational updates, financial disclosures, and regulatory proceedings. Check regularly for authoritative information directly affecting the company's position in the evolving utilities sector.
Xcel Energy reported a first quarter 2023 GAAP diluted earnings per share of $0.76, an increase from $0.70 in 2022. The company reassured its 2023 EPS guidance range of $3.30 to $3.40. Overall earnings reached $418 million, a boost from $380 million year-over-year. The results were aided by recovery in electric and natural gas infrastructure investment, although higher depreciation and operating expenses weighed on performance. CEO Bob Frenzel highlighted ongoing efforts in the clean energy transition, including evaluating renewable projects and applying for Department of Energy grants for hydrogen hubs. Xcel also reduced the natural gas recovery charge in Colorado by 58% to alleviate customer costs amidst fluctuating natural gas prices.
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