Xcel Energy Third Quarter 2021 Earnings Report sharewise.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sharewise.com Daily Mail and Mail on Sunday newspapers.
Xcel Energy reaffirms 2021 EPS earnings guidance of $2.90 to $3.00.
Xcel Energy Inc. (NASDAQ: XEL) today reported 2021 first quarter GAAP and ongoing earnings of $362 million, or $0.67 per share, compared with $295 million, or $0.56 per share in the same period in 2020.
Earnings reflect higher electric and natural gas margins, which more than offset additional depreciation, interest charges and less allowance for funds used during construction (AFUDC).
“Xcel Energy had a strong first quarter and we are reaffirming our expectation to deliver earnings within our annual guidance range,” said Ben Fowke, chairman and CEO. “We are also pleased to have achieved a significant milestone, reducing carbon emission 51% from 2005 levels, bringing us more than halfway to our vision of delivering 100% carbon-free electricity to our customers by 2050.”
Full Year Net Revenue of $7.8 billion, down 79% year-on-year
Full Year Adjusted EBITDA of $(0.9) billion versus $12.6 billion in 2019
Q4 Net Revenue of $3.3 billion, down 64% year-on-year and up 430% quarter-on-quarter
Q4 Adjusted EBITDA of $0.7 billion, down 77% year-on-year and up 193% quarter-on-quarter
Played unlucky in Q4 which decreased Adjusted EBITDA by approximately $41 million, normalized Q4 Adjusted EBITDA of $0.8 billion, down 74% year-on-year and up 199% quarter-on-quarter
Hotel occupancy for Q4 across the five hotels was 49%
Full Year Net Revenue of $2.2 billion, down 80% year-on-year
Full Year Adjusted EBITDA of $(0.3) billion versus $3.5 billion in 2019
Q4 Net Revenue of $1.0 billion, down 64% year-on-year and up 380% quarter-on-quarter
Q4 Adjusted EBITDA of $0.2 billion, down 81% year-on-year and up 167% quarter-on-quarter
High Liner Foods Reports Operating Results for the Fourth Quarter and Year Ended 2020
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- Delivers 12.8% Adjusted EBITDA Growth in Q4; and Year over Year Adjusted EBITDA Growth for Fiscal 2020 -
LUNENBURG, NS, Feb. 24, 2021 /CNW/ - High Liner Foods Incorporated (TSX: HLF) ( High Liner Foods or the Company ), a leading North American value-added frozen seafood company, today reported financial results for the fifty-three weeks ended January 2, 2021. We could not be more proud of our performance in Q4 and throughout Fiscal 2020, said Rod Hepponstall, President and CEO of High Liner Foods. While prioritizing the health and safety of our employees and supporting our customers through the pandemic, we delivered record annual EBITDA margin as a percentage of sales, despite the challenges presented by COVID-19.
Fourth Quarter 2020 Highlights
1
Adjusted EBITDA of $290 million, down 9 percent versus Q4 2019
GAAP earnings of $0.38 per diluted share, versus a loss of $0.02 per diluted share in Q4 2019
Adjusted earnings per diluted share of $1.42, down 19 percent versus Q4 2019
Full-Year 2020 Highlights
1
Adjusted EBITDA of $1.25 billion, up 2 percent versus 2019
GAAP earnings of $4.22 per diluted share, up 17 percent versus 2019
Adjusted earnings per diluted share of $6.19, up 2 percent versus 2019
GAAP cash flow from operations of $737 million, up 33 percent versus 2019
Free cash flow of $544 million, up 80 percent versus 2019
Full-Year 2021 Outlook
2
Revenue in the range of $4.9 to $5.1 billion, reflecting 8 percent growth at the midpoint versus 2020
Adjusted EBITDA in the range of $1.32 to $1.42 billion, reflecting 10 percent growth at the midpoint versus 2020