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Xcel Energy Posts 1st-quarter Profit Increase

Stock quotes in this article: XEL  

MINNEAPOLIS (AP) — Utility company Xcel Energy Inc. said Thursday its first-quarter profit rose 14 percent, driven by improved financial performance at its Southwestern Public Service Co., interim electric rates in Minnesota and improved fuel cost recovery in Wisconsin, offset somewhat by falling profits at Public Service Co. of Colorado.

Earnings for the three months ended March 31 amounted to $173 million, or 38 cents per share, compared with $152.1 million, or 35 cents per share during the same period last year.

Analysts polled by Thomson Reuters estimated a profit of 36 cents per share, on average. ...

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