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Xcel Energy gains on Q3 profit beat

By Reuters News

** Shares of utility Xcel Energy XEL.O rise 4.3% to $80.54 premarket

** Co beat Q3 profit estimates, driven by increased recovery of electric infrastructure investments, partially offset by higher financing costs

** XEL issued its first 2027 earnings forecast, projecting adjusted profit of $4.48 to $4.62 per share

** Posts adjusted profit of $1.52 per share vs estimates of $1.38 per share, according to data compiled by LSEG

** Co narrows its 2026 ongoing earnings per share outlook to $4.10 to $4.16

** As of last close, XEL up 4.5% YTD

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