Xcel Energy beats by $0.03, reports revs in-line; reaffirms FY17 EPS guidance (47.27)
- Reports Q2 (Jun) earnings of $0.45 per share, $0.03 better than the Capital IQ Consensus of $0.42; revenues rose 5.8% year/year to $2.64 bln vs the $2.63 bln Capital IQ Consensus.
- Co reaffirms guidance for FY17, sees EPS of $2.25-2.35 vs. $2.31 Capital IQ Consensus Estimate.
- Earnings for the second quarter of 2017 increased due to higher electric and natural gas margins to recover infrastructure investments, along with a lower effective tax rate and lower operating and maintenance expenses, partially offset by higher depreciation.