Xcel Energy Affirms FY24 Adj EPS Guidance $3.50-$3.60 vs $3.56 Estimate
Portfolio Pulse from Benzinga Newsdesk
Xcel Energy has affirmed its FY24 adjusted EPS guidance of $3.50-$3.60, aligning closely with the $3.56 estimate. Key assumptions include constructive outcomes in rate cases, normal weather patterns, and a slight increase in weather-normalized retail electric sales. O&M expenses and interest expenses are projected to rise, while property taxes remain flat.
August 01, 2024 | 10:13 am
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Xcel Energy has affirmed its FY24 adjusted EPS guidance of $3.50-$3.60, aligning closely with the $3.56 estimate. Key assumptions include constructive outcomes in rate cases, normal weather patterns, and a slight increase in weather-normalized retail electric sales. O&M expenses and interest expenses are projected to rise, while property taxes remain flat.
The affirmation of the FY24 EPS guidance within the expected range is a positive signal for investors, indicating stability and predictability in Xcel Energy's financial performance. The key assumptions, such as constructive outcomes in rate cases and normal weather patterns, support the guidance. However, the projected increases in O&M and interest expenses could slightly offset the positive impact.
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