Xcel Energy (NASDAQ:XEL) reported third quarter earnings that missed analysts' expectations on Thursday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.01 on revenue of $3.01B. Analysts polled by expected EPS of $1.03 on revenue of $3.46B. That compared to EPS of $0.96 on revenue of $3.05B in the same period a year earlier. The company had reported EPS of $0.46 on revenue of $2.58B in the previous quarter.
Xcel Energy follows other major Utilities sector earnings this month
On Tuesday, NextEra Energy reported third quarter EPS of $2.39 on revenue of $5.57B, compared to forecasts of EPS of $2.26 on revenue of $5.15B.
Kinder Morgan earnings missed analysts' expectations on October 16, with third quarter EPS of $0.22 on revenue of $3.21B. analysts expected EPS of $0.24 on revenue of $3.47B
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