HighGravityDataXcel Energy — Oct 31, 2024 release
Fiscal 2024 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000072903-24-000196
Showing in the filing
Capital rider revenue increase assumption
“$240 million to $250 million (net of PTCs)”
Period
FY2025
Measure
GAAP-tied
Source
Prose
All guidance in this release · 40
Ongoing EPS for FY2024
“$3.50 to $3.60”
Ongoing EPS for FY2025
“$3.75 to $3.85”
Long-term annual growth objectives dividend … for the long term
“4 to 6%”
PSCo base capital expenditures (Total) for FY2025
“$22,280”
Total base capital expenditures for FY2025
“$11,000”
Total base capital expenditures for FY2026
“$9,840”
Total base capital expenditures for FY2027
“$8,750”
Electric distribution base capital expenditu… for FY2025
“$15,830”
Total base capital expenditures for FY2028
“$7,570”
Total base capital expenditures for FY2029
“$7,840”
Potential additional capital expenditures be… for FY2025
“approximately $10 billion or greater”
Funding mix for additional capital investment for the long term
“approximately 40% equity and 60% debt”
Funding of additional capital investment
“approximately 40% equity and 60% debt”
Financing plan - Cash from operations for FY2025
“$25,320”
Financing plan - Maturing debt for FY2025
“$3,730”
Financing plan - Equity through the Dividend… for FY2025
“$500”
Weather-normalized retail firm natural gas s… for FY2025
“~1%”
Weather-normalized retail firm natural gas s… for FY2024
“decline by ~1%”
Capital rider revenue increase assumption for FY2024
“$60 million to $70 million (net of PTCs)”
O&M expense growth assumption for FY2024
“3% to 4%”
O&M expenses for FY2024
“3% to 4%”
Depreciation expense for FY2024
“approximately $290 million to $300 million”
Depreciation expense increase assumption for FY2024
“approximately $290 million to $300 million”
Property tax change assumption for FY2024
“expected to decline $10 to $20 million”
Property taxes for FY2024
“$10 to $20 million”
Interest expense (net of AFUDC - debt, net o… for FY2024
“increase $130 million to $140 million”
Interest expense increase assumption for FY2025
“$130 million to $140 million, net of interest income”
Interest expense increase assumption for FY2024
“$130 million to $140 million, net of interest income”
AFUDC - equity for FY2024
“$70 million to $80 million”
AFUDC - equity increase assumption for FY2024
“$70 million to $80 million”
Weather-normalized retail electric sales gro… for FY2025
“~3%”
Capital rider revenue increase assumption for FY2025
“$240 million to $250 million (net of PTCs)”
O&M expense growth assumption for FY2025
“~3%”
O&M expenses for FY2025
“~3%”
Depreciation expense increase assumption for FY2025
“approximately $210 million to $220 million”
Property tax increase assumption for FY2025
“$40 million to $50 million”
AFUDC - equity increase assumption for FY2025
“$120 million to $130 million”
Long-term annual EPS growth for the long term
“6% to 8% based off of $3.55 per share (the mid-point of 2024 original ongoing earnings guidance of $3.50 to $3.60 per share)”
Dividend payout ratio target for the long term
“50% to 60%”
Senior secured debt credit ratings target for the long term
“A range”
Exhibit 99.1 · the passage around this item
… earlier in the release
• Normal weather patterns for the year. • Weather-normalized retail electric sales are projected to increase ~3%. • Weather-normalized retail firm natural gas sales are projected to increase ~1%. • Capital rider revenue is projected to increase $240 million to $250 million (net of PTCs). • O&M expenses are projected to increase ~3%. • Depreciation expense is projected to increase approximately $210 million to $220 million. • Property taxes are projected to increase $40 million to $50 million. • Interest expense (net of AFUDC - debt) is projected to increase $130 million to $140 million, net of interest income. • AFUDC - equity is projected to increase $120 million to $130 million. (a) Ongoing earnings is calculated using net income and adjusting for certain nonrecurring or infrequent items that are, in management’s view, not reflective of ongoing operations. Ongoing earnings could differ from those prepared in accordance with GAAP for unplanned and/or unknown adjustments. As Xcel Energy is unable to quantify the financial impacts of any additional adjustments that may occur for the year, we are unable to provide a quantitative reconciliation of the guidance for ongoing EPS to corresponding GAAP EPS. Long-Term EPS and Dividend Growth Rate Objectives — Xcel Energy expects to deliver an attractive total return to our shareholders through a combination of earnings growth and dividend yield, based on the following long-term objectives: • Deliver long-term annual E
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.