Xcel Energy (XEL)

Xcel Energy Inc. (NASDAQXEL) announced today that Devin Stockfish has been elected to its board of directors, effective Jan. 23, 2025.

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.

Xcel Energy Inc. (NASDAQXEL) today reported 2024 third quarter GAAP earnings of $682 million, or $1.21 per share, compared with $656 million, or $1.19 per share in the same period in 2023 and ongoing earnings of $707 million, or $1.25 compared with $682 million, or $1.23 per share in the same period in 2023. See Note 6 for reconciliation from GAAP to ongoing earnings.

On Thursday, October 31, 2024, Xcel Energy (NASDAQXEL) will host a conference call to review third quarter 2024 financial results. The earnings report will be released prior to the market open on the same date.

Xcel Energy continues to forge ahead in its goals to reduce emissions, embrace clean energy and fuel electric vehicles as the nation celebrates major advances in sustainability through several events taking place late this month.

The utility sector is surging, driven by favorable sector trends offering compelling opportunities for investors seeking income and growth.

Xcel Energy today named Todd Wehner as the company’s treasurer and vice president. Paul Johnson will continue to serve the company as vice president, treasury and investor relations.

Xcel Energy Inc. (NASDAQXEL) today reported 2024 second quarter GAAP and ongoing earnings of $302 million, or $0.54 per share, compared with $288 million, or $0.52 per share in the same period in 2023.

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 October 20, 2024, to shareholders of record on September 13, 2024.

On Thursday, August 1, 2024, Xcel Energy (NASDAQXEL) will host a conference call to review second quarter 2024 financial results. The earnings report will be released prior to the market open on the same date.

Xcel Energy has reduced carbon emissions 54% from the electricity it provides to customers from 2005 levels, the company announced in its 19th annual Sustainability Report today.

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 July 20, 2024, to shareholders of record on June 14, 2024.

Xcel Energy today named Rob Berntsen as the company’s executive vice president and chief legal and compliance officer. Berntsen takes over the role from Amanda Rome, who held the position on an interim basis while also serving in her role as executive vice president, group president – utilities and chief customer officer.

Xcel Energy Inc. (NASDAQXEL) will hold its 2024 Annual Meeting of Shareholders virtually at 11:00 a.m. central time on May 22, 2024. Shareholders of record at the close of business on the record date, March 25, 2024, are invited to participate. Shareholders of record can attend the meeting online at www.virtualshareholdermeeting.com/XEL2024 and can vote during the meeting using the control number found on their proxy card or Notice of Internet Availability of Proxy Materials. Shareholders of record can also vote online prior to the meeting at www.proxyvote.com by entering the control number found on their proxy card or Notice of Internet Availability of Proxy Materials.

Xcel Energy Inc. (NASDAQXEL) today reported 2024 first quarter GAAP and ongoing earnings of $488 million, or $0.88 per share, compared with $418 million, or $0.76 per share in the same period in 2023.

On Thursday, April 25, 2024, Xcel Energy (NASDAQXEL) will host a conference call to review first quarter 2024 financial results. The earnings report will be released prior to the market open on the same date.