2024 Calendar For Excel

Xcel Energy Narrows 2023 Outlook, Sets 2024 Target

By Dean Seal

Xcel Energy has narrowed its 2023 earnings outlook slightly and set guidance for bottom line growth in 2024.

The Minneapolis-based power company said it is now expecting earnings of $3.32 to $3.37 a share for the year, narrowed from previous guidance for $3.30 to $3.40 a share.

For 2024, Xcel is projecting earnings of $3.50 to $3.60 a share. Analysts polled by FactSet have been forecasting $3.58 a share.

The revision comes after Xcel logged a slightly higher profit in the third quarter.

Write to Dean Seal at [email protected]