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Xcel: Q1 Earnings Snapshot

April 28, 2022 GMT

MINNEAPOLIS (AP) _ Xcel Energy Inc. (XEL) on Thursday reported first-quarter profit of $380 million.

On a per-share basis, the Minneapolis-based company said it had net income of 70 cents.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 68 cents per share.

The utility posted revenue of $3.75 billion in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $3.57 billion.

Xcel expects full-year earnings to be $3.10 to $3.20 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on XEL at https://www.zacks.com/ap/XEL