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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 3.64B | 19.8% |
| Gross Profit | -163M | 4.5% |
| Cost of Revenue | 163M | 4.5% |
| Operating expense | 160M | 3.2% |
| Net Income | 682M | 125.8% |
| EBITDA | 1.02B | 90.8% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 69.3B | 2% |
| Total Liabilities | 49.9B | 0.1% |
| Total Equity | 19.4B | 7.8% |
| Shares Outstanding | 574M | 3% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 1.74B | 46% |
| Cash from investing | -1.79B | 2.9% |
| Cash from financing | 4M | 99.8% |
EPS
Financial Highlights for Xcel Energy in Q3 '24
Xcel Energy reported a revenue of 3.64B, which is a 19.8% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at -163M, marking a -4.5% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 163M, a 4.5% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 160M, showing a 3.2% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 682M, showing a 125.8% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 1.02B, showing a 90.8% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
Xcel Energy faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
