Xcel Energy is a utility company that provides electricity and natural gas services to millions of residential and commercial customers across several states in the United States
The company is dedicated to delivering reliable and affordable energy while focusing on sustainable practices, including the integration of renewable energy sources like wind and solar power into its energy mix. Xcel Energy is also committed to reducing carbon emissions and enhancing energy efficiency, striving to lead the transition toward a cleaner energy future. Additionally, the company invests in infrastructure development and technology to improve its services and support the energy needs of its diverse customer base.
Xcel Energy Inc. (NASDAQXEL) announced today that Timothy O’Connor, executive vice president, chief operations officer, will retire from the company this summer after nearly two decades of service.
The Board of Directors of Xcel Energy Inc. (NASDAQXEL) today raised the quarterly dividend on the company’s common stock from 54.75 cents per share to 57 cents per share, which is equivalent to an annual rate of $2.28 per share. The dividends are payable April 20, 2025, to shareholders of record on March 14, 2025.
Xcel Energy Inc. (NASDAQXEL) today reported 2024 GAAP earnings of $1.94 billion, or $3.44 per share, compared with $1.77 billion, or $3.21 per share in the same period in 2023 and ongoing earnings of $1.97 billion, or $3.50 per share, compared with $1.85 billion, or $3.35 per share in the same period in 2023. See Note 6 for reconciliation from GAAP to ongoing earnings.
Xcel Energy today announced that Roopesh Aggarwal has been named vice president of Investor Relations, succeeding Paul Johnson, who is retiring from the company after more than 40 years of service, most recently as vice president, Treasury and Investor Relations.
On Thursday, February 6, 2025, Xcel Energy (NASDAQXEL) will host a conference call to review fourth quarter and year end 2024 financial results. The earnings report will be released prior to the market open on the same date.
Xcel Energy will extend the operation of its carbon-free Monticello Nuclear Generating Plant well into the future to support its clean energy vision, following the recent renewal of the plant’s operating license by the U.S. Nuclear Regulatory Commission (NRC).
The Board of Directors of Xcel Energy Inc. (NASDAQXEL) today declared a quarterly dividend on its common stock of 54.75 cents per share. The dividends are payable January 20, 2025, to shareholders of record on January 6, 2025.
Xcel Energy Inc. (NASDAQXEL) (Xcel Energy) announced today the pricing terms of its previously announced offers to purchase for cash (the Tender Offers) in the order of priority set forth in the table below certain outstanding first mortgage bonds issued by Northern States Power Company, a Minnesota corporation (NSPM), a wholly-owned subsidiary of Xcel Energy (the Bonds), pursuant to an Offer to Purchase, dated December 2, 2024 (as amended by this press release, the Offer to Purchase). The Company has amended the terms of the Tender Offers to increase the aggregate principal amount of Bonds subject to the Tender Offers from $110,000,000 to $166,000,000 (the Aggregate Tender Cap). The terms and conditions of the Tender Offers are described in the Offer to Purchase and remain unchanged, except as described in this press release. Xcel Energy expects to pay for the Bonds purchased in the Tender Offers using cash on hand.
Xcel Energy Inc. (NASDAQXEL) (Xcel Energy) announced today the early results of its previously announced offers to purchase for cash (the Tender Offers) in the order of priority set forth in the table below up to $110,000,000 aggregate principal amount (the Aggregate Tender Cap) of certain outstanding first mortgage bonds issued by Northern States Power Company, a Minnesota corporation (NSPM), a wholly owned subsidiary of Xcel Energy (the Bonds), pursuant to an Offer to Purchase, dated December 2, 2024 (the Offer to Purchase). Xcel Energy also announced that it anticipates increasing the Aggregate Tender Cap depending on the bid-side price of the applicable “U.S. Treasury Reference Security” to be determined at 10:00 a.m., New York City time, later today, December 16, 2024. Even if Xcel Energy increases the Aggregate Tender Cap, Xcel Energy does not expect to accept for purchase Bonds of any series other than the 2051 Bonds (as defined below). The terms and conditions of the Tender Offers are described in the Offer to Purchase and remain unchanged, except as described in this press release.
Xcel Energy is increasing its wildfire detection and mitigation efforts in the Texas Panhandle by introducing artificial intelligence to spot fires early. We are partnering with Pano AI to install more than 50 camera stations across the region. Carson, Gray, Roberts, Hutchinson, Wheeler, Hemphill, Garza, Cochran, Moore, Potter and Yoakum counties are currently being considered. First responders and firefighters will have immediate access to this data, shortening response times.
Xcel Energy Inc. (NASDAQXEL) (Xcel Energy) announced today the closing of its registered underwritten offering of 18,320,610 shares of its common stock in connection with the forward sale agreements described below. Barclays and BofA Securities acted as joint lead book-running managers for the offering. Citigroup and Wells Fargo Securities acted as joint book-running managers for the offering.
Xcel Energy Inc. (NASDAQXEL) (Xcel Energy) announced today the pricing of a registered underwritten offering of 18,320,610 shares of its common stock at a public offering price of $65.50 per share in connection with the forward sale agreements described below. Subject to certain conditions, all shares are expected to be borrowed by the forward purchasers (as defined below) (or their affiliates) from third parties and sold to the underwriters and offered in connection with such forward sale agreements. Barclays and BofA Securities are acting as joint lead book-running managers for this offering. Citigroup and Wells Fargo Securities are acting as joint book-running managers for this offering. Closing of this offering is expected to occur on or about November 5, 2024, subject to customary closing conditions.
Xcel Energy Inc. (NASDAQXEL) (Xcel Energy) announced today the commencement of a registered underwritten offering of $1.2 billion of shares of its common stock. Subject to certain conditions, all shares are expected to be borrowed by the forward purchasers (as defined below) (or their affiliates) from third parties and sold to the underwriters and offered in connection with the forward sale agreements described below. Barclays and BofA Securities are acting as joint book-running managers for this offering. The underwriters may offer shares of Xcel Energy’s common stock in transactions on the Nasdaq Stock Market LLC, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices.
