10-QPeriod: Q3 FY2018

XCEL ENERGY INC Quarterly Report for Q3 Ended Sep 30, 2018

Filed October 26, 2018For Securities:XELXELLL

Summary

Xcel Energy Inc. reported solid financial results for the nine months ended September 30, 2018, with net income of $1,047 million, an increase from $959 million in the prior year period. Operating revenues also saw a modest increase to $8,657 million from $8,609 million, driven by growth in both electric and natural gas segments. The company continues to invest heavily in infrastructure, with utility capital/construction expenditures totaling $2,760 million for the nine months ended September 30, 2018, up from $2,256 million in the prior year. This investment is crucial for modernizing its utility assets and supporting future growth, particularly in renewable energy. The company's financial health remains robust, supported by effective cost management and regulatory mechanisms. Despite higher operating and maintenance expenses and increased depreciation, Xcel Energy managed to improve its earnings per share. The company has also narrowed its 2018 earnings per share guidance, indicating confidence in its operational performance and outlook. Investors can look to Xcel Energy's continued investment in its regulated utility assets and its commitment to delivering consistent earnings growth and dividends.

Financial Highlights

45 data points
Beta

Revenue

$3.05B

Net Income

$491.00M

0.2% Net Margin

EPS (Diluted)

$0.96

Total Assets

$44.84B

Cash & Equivalents

$213.00M

Free Cash Flow

$1.06B

Financial Statements
Beta
Revenue$3.05B
Operating Expenses$2.35B
Operating Income$696.00M
Interest Expense$177.00M
Net Income$491.00M
EPS (Basic)$0.96
EPS (Diluted)$0.96
Shares Outstanding (Basic)510.00M
Shares Outstanding (Diluted)511.00M

Key Highlights

  • 1Net income increased to $1,047 million for the nine months ended September 30, 2018, up from $959 million in the prior year period.
  • 2Total operating revenues increased slightly to $8,657 million from $8,609 million year-over-year.
  • 3Utility capital/construction expenditures rose significantly to $2,760 million for the nine months ended September 30, 2018, compared to $2,256 million in the same period last year.
  • 4Diluted earnings per share for the nine months ended September 30, 2018, increased to $2.05 from $1.88 in the prior year.
  • 5Xcel Energy narrowed its 2018 GAAP and ongoing earnings per share guidance to a range of $2.45 to $2.49 per share.
  • 6The company expects to deliver long-term annual EPS growth of 5 to 7 percent and annual dividend increases of 5 to 7 percent.

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