Thu, Apr 24, 5:11 PM (28 days ago)
**Public Service Company of Colorado (PSCo) - Q1 2025 Financial Summary** **Company Overview:** Public Service Company of Colorado (PSCo) is a wholly owned subsidiary of Xcel Energy Inc. (XEL). PSCo is a regulated electric and natural gas utility serving Colorado. **Financial Performance (Q1 2025 vs. Q1 2024):** - **Revenue:** Total operating revenues increased by $28 million (1.8%) to $1,577 million, driven by higher recovery of electric and natural gas infrastructure investments. - **Operating Income:** Increased by $52 million (17.7%) to $346 million, due to higher revenues and lower fuel costs. - **Net Income:** Increased by $39 million (17.8%) to $258 million, primarily due to higher operating income and lower income tax expense. - **Earnings per Share (EPS):** Increased by $0.18 to $1.29. - **Cash Flow from Operations:** Increased by $76 million (12.9%) to $660 million, driven by higher net income and changes in working capital. - **Capital Expenditures:** Increased by $269 million (40.6%) to $932 million, reflecting investments in electric and natural gas infrastructure. **Profit Margins:** - **Operating Margin:** Improved to 21.9% from 19.0%. - **Net Margin:** Improved to 16.4% from 14.2%. **Segment Performance:** - **Electric Utility:** Operating revenues increased by $15 million (1.6%) to $938 million. Operating income increased by $36 million (15.1%) to $271 million. - **Natural Gas Utility:** Operating revenues increased by $14 million (2.3%) to $627 million. Operating income increased by $16 million (14.7%) to $129 million. **Regulatory and Operational Highlights:** - PSCo is involved in various regulatory proceedings, including rate cases, resource plans, and wildfire mitigation plans. - PSCo is facing uncertainties related to supply chain constraints, labor market conditions, and environmental regulations. - PSCo is monitoring the impacts of tariffs, trade complaints, and federal policies on its business. - PSCo is involved in litigation related to the Marshall Fire, with a trial date set for September 2025. **Future Outlook:** - PSCo expects to continue investing in electric and natural gas infrastructure to support growth and meet regulatory requirements. - PSCo is monitoring the impacts of supply chain constraints, labor market conditions, and environmental regulations on its operations and financial performance. - PSCo is involved in various regulatory proceedings that could impact its rates, costs, and earnings. - PSCo is facing uncertainties related to litigation, environmental liabilities, and changes in regulatory policies. **Ticker:** XEL (Xcel Energy Inc., parent company)