Centaurus Financial - we invest in your success
CuraDebit Free Debt Analysis
  Home > Fortune 500 Companies > Xcel Energy

Xcel Energy


Xcel Energy is a publicly traded company having a good stock performance result. Xcel Energy is a fortune 500 stock listed company trading under XEL.
 
The company was incorporated in 1909 and is based in Minneapolis, Minnesota. Xcel Energy, Inc., through its subsidiaries, the company operates as an electrical and natural gas energy company in the U.S. Richard C. Kelly,is Chairman of the Board, President and CEO of Xcel Energy.
 
Xcel Energy financial results were in the range they expected based on their initial earnings guidance of 1.18 dollars to 1.28 dollars per share that they described in last year’s annual report. Earnings from continuing operations were 499 million dollars, or 1.20 dollars per share on a diluted basis, in 2005 compared with 522 million dollars, or 1.26 dollars per share, in 2004.
 
That momentum leads them to believe they can achieve earnings from continuing operations in the range of 1.25 dollars to 1.35 dollars per share in 2006.  Interest and other income, net of non-operating expenses increased 15 million dollars in 2004 compared with 2003. The increase is due mostly to interest income related to the finalization of prior period IRS audits of 10.5 million dollars.
 
Customer sales levels in Xcel Energy’s utility businesses can vary with economic conditions, energy prices, customer usage patterns and other factors. Weather normalized sales growth for retail electric utility customers was 1.4 percent in 2005 compared with 2004, and 1.8 percent in 2004 compared with 2003. Weather normalized sales growth for firm natural gas utility customers was approximately 0.2 percent in 2005 compared with 2004, and percent in 2004 compared with 2003. Projections indicate that weather normalized sales growth in 2006 compared with 2005 will range between 1.3 percent and 1.7 percent for retail electric utility customers and 0.0 percent to 1.0 percent for firm natural gas utility customers.
 
The company is committed and dedicated to customer satisfaction by continuously improving their operations to be a low cost, reliable, environmentally sound energy provider. They have been successfully proving this to their customers for the past 130 years and will work hard to continue with this commitment in the future.

Back to Fortune 500 Companies

 
 
Infinit-i