Xcel Energy reports Q2 ongoing EPS 75c, consensus 64c

Reports Q2 revenue $3.29B, consensus $3.21B. “Xcel Energy (XEL) continues to deliver on our commitments to our customers, communities and investors.” said Bob Frenzel, chairman, president and CEO of Xcel Energy. “During the second quarter, we made considerable progress on investments needed to serve unprecedented growth in electric demand and to improve resiliency and reliability of our systems. In Texas and New Mexico, we filed our recommended portfolio for nearly 5,200 MW of new generation, of which 4,500 MW will be company owned. We also continue to make progress reducing risk from wildfires and extreme weather on our system, with both the Colorado and Texas commissions approving our settlements for our Wildfire Mitigation and System Resiliency Plans.”