Xcel Energy said 2024 GAAP diluted EPS was $3.44, higher than $3.21 in 2023, and ongoing diluted EPS was $3.50, higher than $3.35 in 2023. The company cited increased recovery of infrastructure investments as a driver, partially offset by higher depreciation, interest charges and O&M expenses.

1. 01

   Xcel Energy said 2024 GAAP diluted EPS was $3.44, higher than $3.21 in 2023, and ongoing diluted EPS was $3.50, higher than $3.35 in 2023. The company cited increased recovery of infrastructure investments as a driver, partially offset by higher depreciation, interest charges and O&M expenses.

2. 02

   Xcel Energy said 2024 O&M expenses increased $96 million, depreciation and amortization increased $296 million, interest charges increased $200 million and other income increased $121 million. The company cited interest earned on significant cash balances and a gain on debt repurchases as factors in the increase in other income.

3. 03

   Xcel Energy said operating cash flow for 2024 decreased $686 million compared with 2023, investing cash outflows increased $1,502 million and financing cash inflows increased $2,220 million. The company linked the increase in financing activities to additional debt and common stock issuances to fund capital investments.

4. 04

   Xcel Energy said it recognized a customer refund of $47 million in 2024 for replacement power costs related to the 2011 outage of Sherco Unit 3. The company said 2023 included a charge of $34 million related to Comanche Unit 3 litigation and workforce reduction expenses of $72 million.

Key figures

Fiscal year ended December 31, 2024

Operating income

$2.4B

Net income

$1.9B

EPS

$3.44

Operating cash flow

$4.6B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.