MINNEAPOLIS (AP) _ Xcel Energy Inc. (XEL) on Thursday reported fourth-quarter net income of $315 million.

On a per-share basis, the Minneapolis-based company said it had net income of 58 cents.

The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 58 cents per share.

The utility posted revenue of $3.36 billion in the period.

For the year, the company reported profit of $1.6 billion, or $2.96 per share. Revenue was reported as $13.43 billion.

Xcel expects full-year earnings to be $3.10 to $3.20 per share.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on XEL at https://www.zacks.com/ap/XEL

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News