Xcel Energy reports Q1 ongoing EPS 88c, consensus 78c

Reports Q1 revenue $3.65B, consensus $4.13B. “Our thoughts remain with the communities impacted by wildfires in the Texas Panhandle, an area we have served for more than 100 years,” said Bob Frenzel, chairman, president and CEO of Xcel Energy. “Like all energy companies, we are navigating changes in weather and climate-induced impacts on our operations. Wildfire mitigation and system resiliency will continue to be priorities going forward. We have already advanced a number of wildfire risk reduction initiatives – including preventive power shutoffs during high-risk conditions, non-reclose and fast-trip safety settings, and accelerated pole inspections and replacements – and will continue to enhance our wildfire mitigation efforts.”