Xcel Energy Beats Profit Estimates on Strong Power Sales
Xcel Energy posted earnings of 91 cents per share as infrastructure recovery offset higher interest costs. The utility reaffirmed its full year profit outlook.
XCEL ENERGY INC posted adjusted Q1 profit of 91 cents per share, narrowly beating analyst estimates of 90 cents per share. Revenue in the United States rose to $4.02 billion from $3.91 billion a year ago. Surging AI data center demand is driving infrastructure investment despite higher financing costs and warm weather.
### Data Centers Offset Higher Interest Costs Xcel Energy electric segment revenue rose 5% to $2.98 billion. This growth helped mitigate a 2.4% decline in natural gas revenue, which fell to $1.03 billion. Higher recovery of electric infrastructure investments and stronger sales volumes supported the bottom line during the quarter.
