MINNEAPOLIS - Xcel Energy Inc. (NASDAQ:XEL) reported fourth quarter earnings that fell short of analyst expectations, while reaffirming its outlook for 2025.

Revenue for the quarter dropped to $3.12 billion from $3.442 billion in the previous year. The consensus estimate was for $3.77 billion. For fiscal 2025, the company sees ongoing EPS in a range of $3.

The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 87 cents per share. The utility posted revenue of $3.12 billion in the period, which also did not meet Street forecasts.