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Xcel Energy 4th-Quarter Net Down 0.2% on Lower Natural Gas Revenue

Xcel Energy Inc.'s (XEL) fourth-quarter earnings edged down 0.2% as the utility company saw lower natural gas revenue.The Minnesota-based utility, which serves a broad range of markets in Colorado and the Midwest, has seen mild winter weather hurt its electric and natural-gas sales. The company has been cutting costs in response.Overall, Xcel reported a profit of $140.2 million, down from $140.5 million. On a per-share basis, earnings were flat at 29 cents. Revenue edged down 0.7% to $2.55 billion.Analysts polled by Thomson Reuters expected a earnings of 27 cents a share and revenue of $2.92 billion.Operating margin narrowed to 12.4% from 13.4%.Revenue from Xcel's larger electricity business rose 1.1%, while natural-gas sales were down 7.1%.Shares of the company, which backed its 2013 earnings guidance, closed at $27.47 Wednesday and were inactive premarket. The stock is down 2.8% over the past three months.Write to Ben Fox Rubin at ben.rubin@dowjones.comSubscribe to WSJ: http://online...

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