Xcel Energy

(XEL) - Get Xcel Energy Inc. (XEL) Report

reported fourth-quarter earnings today that met Wall Street's lowered expecations.

For the fourth quarter ended Dec. 31, Xcel earned $137.8 million, or 49 cents a share, before charges. In the year-ago period, the company, which is based in Minneapolis, reported earnings of $147.3 million, or 50 cents a share. Two analysts surveyed by

First Call/Thomson Financial

initially expected Xcel to earn 51 cents a share, then lowered the expectation to 49 cents.

Xcel also posted fourth-quarter revenue of $4.98 billion, up from $2.21 billion for the same quarter one year ago.

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The company, which was formed in August by the merger of Minneapolis-based

Northern States Power

and Denver's

New Century Energies

, generates and distributes electricity and gas.

Shares of Xcel fell 52 cents, or 2%, to $25.48 in recent

New York Stock Exchange

trading.