Previous close | 0.4500 |
Open | 0.6100 |
Bid | 0.6000 |
Ask | 0.7000 |
Strike | 50.00 |
Expiry date | 2024-06-21 |
Day's range | 0.5500 - 0.6100 |
Contract range | N/A |
Volume | |
Open interest | 2.34k |
Insightful Analysis of Xcel Energy Inc's Financials and Strategic Position
Xcel Energy (XEL) reports better-than-expected first-quarter earnings. The company continues to register an increase in electric and natural gas customer volumes.
Xcel Energy posted a better-than-expected first-quarter profit on Thursday, even as the electric and natural gas utility faced growing liabilities tied to the largest wildfire in Texas history. Xcel faces 15 lawsuits in connection with the Texas Smokehouse Creek blaze, which burned more than 1 million acres in the Lone Star state this year, with at least two of the complaints claiming the utility was negligent in maintaining electrical infrastructure that led to the fire. Anticipating losses from the Smokehouse Creek Fire, Xcel recorded a pre-tax charge during the quarter of $215 million, which it called the low-end of a range.