Summary
Xcel Energy Inc. (XEL) filed an 8-K on December 6, 2011, to disclose information for an upcoming investor meeting scheduled for December 7-8, 2011. The primary purpose of this filing was to provide an update on the company's operational performance and business plans. Management intended to reiterate the company's previously issued earnings guidance for both 2011 and 2012. Specifically, Xcel Energy planned to confirm that its 2011 ongoing earnings per diluted share were expected to fall within the upper half of the previously stated guidance range of $1.65 to $1.75. Furthermore, the company intended to reiterate its 2012 ongoing earnings per diluted share guidance of $1.75 to $1.85. This reiteration suggests management's confidence in achieving these financial targets amidst prevailing business conditions.
Key Highlights
- 1Xcel Energy management to meet with investors on December 7-8, 2011.
- 2Company plans to update investors on operations and business plans.
- 3Reiteration of 2011 ongoing earnings per diluted share guidance.
- 42011 ongoing earnings expected in the upper half of the $1.65 - $1.75 range.
- 5Reiteration of 2012 ongoing earnings per diluted share guidance.
- 62012 ongoing earnings guidance set at $1.75 - $1.85 per diluted share.
- 7Filing made under Regulation FD Disclosure (Item 7.01).