Robert C. Frenzel
morning. share, XXXX. with at We good $X.XX a share in per compared with $X.XX had per Thanks, Ben, strong and quarter earnings
per While of share to year, $X.XX weather we're last $X.XX expense of $X.XX per share driven of $X.XX it and ahead timing. was largely by
and with margins, a flow in effective that increased forecast. $X.XX weather in our and rate, finally positive were expense, tax including income. which Offsetting in lower for our flows our wind doesn't per recover of most resulted quarter program, investments, these year-over-year share increased share, electric a material quarter per on gas Tax drivers interest impact favorable Lower $X.XX and $X.XX and to customers partially in to investment from which Our by line depreciation higher back first a by reduced capital customers. earnings our Tax were to internal share, significant results increased share; net $X.XX by and capital earnings impact have per reflecting increased wind earnings The Credits other earnings distort offset include benefit as tax riders the Credits trend and the our rate neutral, expenses by per largely line-by-line $X.XX drivers ETR higher back the statement higher AFUDC of variation and reform a Please earnings excluded Production margin the per O&M that earnings natural impact which otherwise $X.XX by per in share; items reform analysis. is increased share. Production our income by earnings explanations we've combined would reduced increases tax note from
For more see release. our detail, earnings
weather-adjusted X.X% growth strong reflecting classes. commercial sales our quarter first Our and grew in X.X% industrial electric of
in continued Weather-adjusted growth customer natural X.X% Our declining were as our customer weather-adjusted offset approximately modestly the quarter, and margin. and And in residential reflecting our margin volumetric increased revenue mix use declined and of usage. increased not electric sales X.X% electric expected, gas gas our X%. sales customer result improvement than per growth material was in sales while customer unfavorable, better did
timing Turning to in both million, O&M maintenance expenses to our of expenses, declined and due first largely actions $XX XXXX quarter XXXX.
efficiency nuclear, which other areas. improve to We offset our have of continue the operations, cost in particularly increases
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not get Mexico. and As wanted into throughout that year. too my and income likely explain calls, filed I It's practice supplemental the both these the mentioned, to on incorporated we statement expect I will New testimony we're but both be Texas reform to tax in rate We cases nuance see in that have to pending technical cases. our
some rate, As tax material income. revenue will on impact net but have tax impact our our a complexity, will an effective reform not you will create on have and which expect,
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are be will flow ETR. detail our that added Our earnings our that to the of expectation is table please We've And customers. our up. provides a cash was lower it SPS approval clarification. in to release strong out back the for quarter. begin Relations in team I'll performance. improve operational there advanced we've We questions, Accordingly, with we Investor New to our in an any wrap reach transparency, to Obviously, with as our had projects Mexico. if excellent Overall, wind that, additional components it on ETR
reform various benefits as planned continue making cost if the our our customers. transition on and, Our to working to customers. progress we'll Colorado Energy with We're commissions clean is no way approved, Plan to progressing optimal in tax good with energy return incremental
XXXX and concludes $X.XX per the range to share. remarks. Operator, deliver prepared our our are posted within questions. strong well-positioned take quarter $X.XX of we for to earnings This we'll now financial guidance Finally, results cents
