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Last $34.15 USD
Change Today -0.38 / -1.10%
Volume 2.0M
XEL On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 08/4/15 All times are local (Market data is delayed by at least 15 minutes).

xcel energy inc (XEL) Key Developments

Xcel Energy Inc. Reports Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended June 30, 2015; Reaffirms Earnings Guidance for the Year 2015

Xcel Energy Inc. reported unaudited consolidated financial results for the second quarter and six months ended June 30, 2015. For the quarter, total operating revenue was $2,515,134,000 against $2,685,096,000 for the same period of last year. Operating income was $422,845,000 against $397,208,000 for the same period of last year. Income before income taxes was $306,812,000 against $299,422,000 for the same period of last year. Net income was $196,931,000 against $195,164,000 for the same period of last year. GAAP diluted EPS was $0.39 against $0.39 for the same period of last year. For the six months, total operating revenue was $5,477,353,000 against $5,887,700,000 for the same period of last year. Operating income was $773,690,000 against $891,200,000 for the same period of last year. Income before income taxes was $542,458,000 against $696,414,000 for the same period of last year. Net income was $348,997,000 against $456,385,000 for the same period of last year. GAAP diluted EPS was $0.69 against $0.91 for the same period of last year. Book value per share was $20.26 against $19.64 for the same period of last year. The company reaffirmed its earnings guidance for the year 2015. For the year, the company expects ongoing earnings guidance to be $2.00 to $2.15 per share.

Xcel Energy Announces Executive Changes

Xcel Energy has named George E. Tyson II senior vice president, corporate development. In his new role, Tyson will oversee Xcel Energy’s strategy to grow the business, providing leadership in pursuing new investment opportunities that position the company to achieve its long-term growth objectives. Tyson is currently senior vice president and treasurer of Xcel Energy and has held several leadership roles in his 13 years with the company. Prior to joining Xcel Energy, Tyson worked at Deutsche Bank Securities, Bankers Trust Co. and Amoco Corp. with roles in investment banking and acquisition assessment. With Tyson’s promotion, Brian J. Van Abel will become vice president, treasurer. Van Abel is currently the assistant treasurer and has held roles in the regulatory and finance areas since he joined Xcel Energy in 2009.

Xcel Energy Inc. to Report Q2, 2015 Final Results on Jul 30, 2015

Xcel Energy Inc. announced that they will report Q2, 2015 final results at 9:00 AM, Eastern Standard Time on Jul 30, 2015

Xcel Energy Inc., Q2 2015 Earnings Call, Jul 30, 2015

Xcel Energy Inc., Q2 2015 Earnings Call, Jul 30, 2015

Xcel Energy Inc. Settles over Prairie Island Upgrade

Xcel Energy Inc. agreed to pay $36 million to a nuclear contracting firm that said it got stiffed by the Minneapolis-based utility on a power plant project. The settlement with Babcock & Wilcox Nuclear Energy ended litigation over the 2013-2014 replacement of steam generators at the Prairie Island nuclear power plant in Red Wing, Minn., a project that cost more than $280 million. The companies disclosed the settlement in separate regulatory filings. They said the settlement also covered pending litigation with the project's main contractor, SNC Lavalin Nuclear, which was a defendant in the case. The $36 million is nearly $10 million less than Babcock & Wilcox says it was owed. Xcel earlier had claimed it not only didn't owe the money, but was due $3 million from SNC Lavalin for delays. Other terms of the settlement were not disclosed. The companies declined to comment beyond the regulatory filings. The lawsuit was filed in Goodhue County District Court last November. The settlement, with its $10 million savings on the upgrade costs, is one of several recent developments that could affect Xcel rates.

 

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Industry Analysis

XEL

Industry Average

Valuation XEL Industry Range
Price/Earnings 19.2x
Price/Sales 1.6x
Price/Book 1.7x
Price/Cash Flow 8.8x
TEV/Sales 0.4x
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