Xcel Energy Full Year 2024 Earnings: Misses Expectations

Xcel Energy (NASDAQ:XEL) Full Year 2024 Results

Key Financial Results

• Revenue: US$13.4b (down 5.4% from FY 2023).
• Net income: US$1.94b (up 9.3% from FY 2023).
• Profit margin: 14% (up from 13% in FY 2023). The increase in margin was driven by lower expenses.
• EPS: US$3.44 (up from US$3.21 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Xcel Energy Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 7.4%. Earnings per share (EPS) also missed analyst estimates by 2.8%.

The primary driver behind last 12 months revenue was the Electric segment contributing a total revenue of US$11.1b (83% of total revenue). Notably, cost of sales worth US$7.46b amounted to 55% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to US$2.74b (68% of total expenses). Explore how XEL's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Electric Utilities industry in the US.

Performance of the American Electric Utilities industry.

The company's shares are up 1.9% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Xcel Energy (at least 1 which doesn't sit too well with us), and understanding them should be part of your investment process.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.