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Xcel Energy Inc  (XEL)
    Sector  Utilities    Industry Electric Utilities
   Industry Electric Utilities
   Sector  Utilities
 

It was very robust conduct by XEL in the financial time-frame closing Mar 31 2023

XEL announced first quarter of 2023 operating profit of $573 million


Published Apr 28 2023 / Modified Apr 28 2023
CSIMarket Team / CSIMarket.com


2995749Xcel Energy Inc, a leading utility company, has reported an increase in revenue for the first quarter of 2023.
The company saw a rise of 7.19% in revenue, from $6.38 billion in the prior year quarter to $6.84 billion in the current quarter. Moreover, the company?s income per share grew by 8.57% to $0.76 per share, up from $0.70 in the prior year quarter.

The company?s net earnings for the first quarter of 2023 also increased by 10% from $380 million in the prior year quarter to $418 million, indicating a strong financial performance.
Additionally, Xcel Energy Inc highlighted its improving profit margins, with a net margin of 6.11% and an operating margin of 8.37% for the first quarter of 2023.

However, the company?s revenue decreased by -1.127% compared to the fourth quarter of 2022, which was $6.92 billion.
Despite this, Xcel Energy?s income per share grew by 11.89% from $0.68 per share in the previous quarter.

Overall, Xcel Energy Inc?s first-quarter results portray a promising outlook for the company?s financial performance.
The company is expected to report its next financial results on July 27, 2023.



Xcel Energy Inc's Free Cash Flow Margin

Xcel Energy Inc's Price to earnings ratio PE



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