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Xcel Energy Q1 earnings improve YOY, exceed analyst expectations from SNL Energy Finance Daily Xcel Energy Q1 earnings improve YOY, exceed analyst expectationsByline: Nephele Kirong Xcel Energy Inc. reported GAAP and ongoing net income of $362 million, or 67 cents per share, in the first quarter of 2021, an increase from $295 million, or 56 cents per share, in the prior-year period. The S&P Capital IQ consensus normalized estimate for the quarter was 61 cents per share. The year-over-year increase in earnings reflects higher electric and natural gas margins, the company said in its April 29 earnings release. Operating revenues totaled $3.54 billion in the most recent quarter, up from $2.81 billion in the same period in 2020. Operating income also improved year over year to $507 million from $455 million. Looking forward, Xcel Energy reaffirmed its earnings guidance of $2.90 per share to $3 per share for 2021. |
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