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
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.
Other XEL's news
Xcel Energy Inc. Raises Dividend for 21st Consecutive Year, Demonstrates Commitment to Shareholders
Xcel Energy Inc. Prioritizes Shareholder Value with Increased Dividend Payout and Strong Performance
XEL Energy Inc: Profits Plunge, But Hope Sparks for a Remarkable Comeback Amidst July-September Dip!
Confronting the headwinds, the the company in the second quarter of 2023
It was very robust conduct by XEL in the financial time-frame closing Mar 31 2023
Other XEL's news
Xcel Energy Inc. Raises Dividend for 21st Consecutive Year, Demonstrates Commitment to Shareholders
Xcel Energy Inc. Prioritizes Shareholder Value with Increased Dividend Payout and Strong Performance
XEL Energy Inc: Profits Plunge, But Hope Sparks for a Remarkable Comeback Amidst July-September Dip!
Confronting the headwinds, the the company in the second quarter of 2023
It was very robust conduct by XEL in the financial time-frame closing Mar 31 2023