Summary
Xcel Energy Inc. (XEL) filed an 8-K on November 7, 2008, to provide an update on its financial outlook and upcoming investor presentations. The company indicated that management plans to meet with investors at the EEI Conference in Scottsdale, AZ, from November 9-12, 2008. During this conference, Xcel Energy intends to reiterate its previously issued 2008 earnings per diluted share guidance, which is expected to be at the low end of the $1.45 to $1.50 range.
Key Highlights
- 1Xcel Energy to reiterate 2008 earnings guidance at the low-end of $1.45-$1.50 per diluted share.
- 2Company announces 2009 earnings guidance of $1.45 to $1.55 per diluted share.
- 3Updated capital forecast provided for 2009-2012, with significant increases planned.
- 42009 capital expenditures projected at $1.80 billion.
- 5Capital expenditures expected to rise to $2.30 billion in 2010 and remain stable at $2.35 billion in 2011 and 2012.
- 6Management will present at the EEI Conference in Scottsdale, AZ from November 9-12, 2008.
Frequently Asked Questions
Xcel Energy plans to reiterate its 2008 earnings per diluted share guidance, which is expected to be at the low end of the previously stated range of $1.45 to $1.50.
For 2009, Xcel Energy is providing an earnings per diluted share guidance range of $1.45 to $1.55.
Xcel Energy has provided an updated capital forecast with annual amounts: $1.80 billion for 2009, $2.30 billion for 2010, and $2.35 billion for both 2011 and 2012.
Management plans to meet with investors and discuss these updates at the EEI Conference in Scottsdale, Arizona, scheduled from November 9-12, 2008.