Xcel Energy misses Q3 earnings expectations as higher costs offset infrastructure investments By Investing.com

Xcel Energy reported Q3 earnings of $1.24 per share, slightly below analysts' expectations of $1.32, but managed to bring in $3.92 billion in revenue, just surpassing projections. The company's stock dipped by less than 1% in pre-market trading due to higher expenses and a $287 million legal charge related to the Marshall Wildfire. Despite lower earnings, Xcel announced a new five-year infrastructure plan, focusing on meeting energy demands, reducing carbon emissions, and improving reliability. The company reaffirmed its financial targets and plans to invest $60 billion over the next five years, aiming for steady earnings and dividend growth while keeping energy bills competitive.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.