2024 GAAP earnings per share were $3.44 compared with $3.21 per share in 2023.
2024 ongoing earnings per share were $3.50 compared with $3.35 per share in 2023.
Xcel Energy reaffirms 2025 EPS guidance of $3.75 to $3.85 per share.
Xcel Energy Inc. reported 2024 GAAP earnings of $1.94 billion, or $3.44 per share, compared with $1.77 billion, or $3.21 per share in the same period in 2023 and ongoing earnings of $1.97 billion, or $3.50 per share, compared with $1.85 billion, or $3.35 per share in the same period in 2023. See Note 6 for reconciliation from GAAP to ongoing earnings.
The change in ongoing earnings reflect increased recovery of infrastructure investments, partially offset by higher depreciation, interest charges and O&M expenses.
“In 2024, we delivered on our earnings guidance for the 20th year in a row - one of the best track records in the industry - against a very difficult backdrop of challenges throughout the year. We significantly increased our investments in the infrastructure and technology that serves to protect and enhance the electrical systems for the benefit of our customers and communities,” said Bob Frenzel, chairman, president and CEO of Xcel Energy.
“As we look forward into 2025, we are executing on our plans to build the energy grid that is needed to meet the unprecedented increases in demand from our customers, protect against extreme weather, and deliver a compelling customer experience. We are excited for the future and to make energy work better for our customers and communities.”
At 9:00 a.m. CST today, Xcel Energy will host a conference call to review financial results. To participate in the call, please dial in 5 to 10 minutes prior to the start and follow the operator’s instructions.
US Dial-In:
1-866-580-3963
International Dial-In:
400-120-0558
Conference ID:
7903558
The conference call also will be simultaneously broadcast and archived on Xcel Energy’s website at www.xcelenergy.com. To access the presentation, click on Investors under Company. If you are unable to participate in the live event, the call will be available for replay through Feb. 11.
Replay Numbers
US Dial-In:
1-866-583-1035
Access Code:
7903558#
