Xcel Energy Inc. (XEL), headquartered in Minneapolis, Minnesota, generates, purchases, transmits, distributes, and sells electricity. Valued at $29.97 billion by market cap, the company produces electricity through wind, nuclear, hydroelectric, biomass, solar, coal, and natural gas sources. It powers millions of homes and businesses across eight Western and Midwestern states. The electric and natural gas energy company is expected to announce its fiscal second-quarter earnings for 2024 before the market opens on Thursday, Aug. 1.
Ahead of the event, analysts expect XEL to report a profit of $0.50 per share on a diluted basis, down 3.9% from $0.52 per share in the year-ago quarter. The company missed the consensus estimates in three of the last four quarters while beating on another occasion. During the previous quarter, XEL recorded a pre-tax charge of $215 million, calling it the low end of the range.
