Xcel Energy reported second quarter earnings that missed analysts' expectations on Thursday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.46 on revenue of $2.58B. Analysts polled by forecast EPS of $0.52 on revenue of $2.68B. That compared to EPS of $0.52 on revenue of $2.66B in the same period a year earlier. The company had reported EPS of $0.61 on revenue of $3.14B in the previous quarter.
Xcel Energy follows other major Utilities sector earnings this month
On July 24, NextEra Energy reported second quarter EPS of $2.35 on revenue of $4.97B, compared to forecasts of EPS of $2.32 on revenue of $4.71B.
Enterprise Products Partners LP earnings beat analysts' expectations on Wednesday, with second quarter EPS of $0.55 on revenue of $8.28B. analysts expected EPS of $0.52 on revenue of $8.56B
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