Xcel Energy Inc.

XEL
Sector

Utilities

Industry

Utilities - Regulated Electric

Market Cap

$38.13B

Employees

11.3K

Company Overview

Xcel Energy is a major U.S. regulated electric and natural gas delivery company, serving customers in eight states. The company's core business model revolves around providing a comprehensive portfolio of energy-related products and services through its four utility subsidiaries. Xcel Energy leverages its geographic presence and diverse energy resources to maintain a strong market position.

Filing Highlights

Key insights and themes extracted from this filing

10 Themes

Financial Performance

3 Insights

Total operating revenues decreased slightly to $3,022 million for the three months ended June 30, 2024, from $3,028 million for the same period in 2023. This indicates a minor contraction in top-line performance.

Net income decreased to $288 million for the three months ended June 30, 2024, from $302 million for the same period in 2023. This indicates a decline in profitability.

Basic and diluted earnings per share decreased to $0.52 for the three months ended June 30, 2024, from $0.54 for the same period in 2023, reflecting the decrease in net income.

Growth & Strategy

3 Insights

Management Execution

3 Insights

Risk Factors

3 Insights

Competitive Position

3 Insights

Operational Efficiency

3 Insights

Innovation & Technology

3 Insights

Capital Allocation

3 Insights

ESG initiatives

3 Insights

Market Environment

3 Insights