Welcome to our dedicated page for Xcel Energy news (Ticker: XEL), a resource for investors and traders seeking the latest updates and insights on Xcel Energy stock.
Xcel Energy, Inc. (symbol: XEL) is a leading electric and natural gas energy provider, serving 3.8 million electricity customers and 2.1 million natural gas customers across eight states: Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas, and Wisconsin. The company offers a comprehensive portfolio of energy-related products and services tailored to meet the diverse needs of its customer base.
Xcel Energy's operations are supported by a dedicated workforce of over 12,000 employees, who are committed to ensuring safe, reliable, and affordable energy delivery. The company is navigating the dynamic and ever-evolving utility industry by focusing on customer-centric approaches, forward-thinking strategies, and productivity enhancements.
One of Xcel Energy’s significant commitments is to renewable energy. As one of the largest renewable energy owners and suppliers in the United States, more than half of the company's electricity sales come from carbon-free energy sources. This positions Xcel Energy as a key player in the transition to cleaner energy, with substantial investments in wind, solar, and other renewable technologies.
Xcel Energy operates through several subsidiaries, including Northern States Power, which serves customers in Minnesota, North Dakota, South Dakota, Wisconsin, and Michigan; Public Service Company of Colorado; and Southwestern Public Service Company, which caters to customers in Texas and New Mexico. These subsidiaries ensure localized service and management, catering to the unique needs of each region.
In terms of financial health, Xcel Energy maintains a robust financial condition, with ongoing projects aimed at modernizing the grid and enhancing energy efficiency. The company has also established partnerships with various stakeholders to drive innovation and sustainability in its operations.
Looking ahead, Xcel Energy faces a considerable workforce transition, with nearly 50% of its current employees eligible for retirement in the next five years. This presents both a challenge and an opportunity for new talent to join the company, particularly those passionate about renewable energy and community engagement. New employees have the chance to directly influence the company’s energy future.
Xcel Energy remains steadfast in its mission to deliver safe, reliable, and sustainable energy. Through continuous improvement and a commitment to innovation, the company is well-positioned to meet the evolving energy needs of its customers and contribute to a cleaner energy landscape.
Xcel Energy (NASDAQ: XEL) has announced its Board of Directors has declared a quarterly dividend of $0.5475 per share on its common stock. The dividend will be paid on January 20, 2025, to shareholders of record as of January 6, 2025.
The company operates in 8 Western and Midwestern states, serving 3.8 million electricity customers and 2.2 million natural gas customers through its regulated operating companies. Xcel Energy is headquartered in Minneapolis and provides a comprehensive portfolio of energy-related products and services.
Xcel Energy (NASDAQ: XEL) has announced the pricing terms and upsizing of its cash tender offers for outstanding first mortgage bonds issued by Northern States Power Company (NSPM). The company has increased the aggregate tender cap from $110,000,000 to $166,000,000. The tender offers target the 2.60% First Mortgage Bonds Series due June 1, 2051.
The total consideration offered is $632.67 per $1,000 principal amount, which includes a $30 early tender payment. The final proration factor is 37.7% due to oversubscription. The settlement date for accepted bonds is expected to be December 18, 2024. Xcel Energy will fund the purchases using cash on hand.
Xcel Energy (XEL) announced the early results of its cash tender offers to purchase up to $110,000,000 of outstanding first mortgage bonds issued by Northern States Power Company (NSPM). The company anticipates increasing the aggregate tender cap based on U.S. Treasury Reference Security pricing.
The tender offer primarily focuses on the 2.60% First Mortgage Bonds due 2051, with $440,456,000 principal amount tendered out of $700,000,000 outstanding. Even with a potential cap increase, Xcel Energy doesn't expect to accept bonds from other series.
Holders who validly tendered by the Early Tender Date will receive the Total Consideration, including a $30 per $1,000 early tender payment. The settlement date is expected to be December 18, 2024, and the offer expires on December 31, 2024.
Xcel Energy is enhancing wildfire detection in the Texas Panhandle through a partnership with Pano AI to install over 50 camera stations across nearly a dozen counties by 2025. The initiative combines 360-degree HD cameras with AI-driven smoke detection and satellite data integration to continuously monitor for fires.
The system will provide immediate alerts to 911 call centers and first responders when potential fires are detected, with human analysts verifying threats and triangulating locations. Each camera station will perform a 360-degree sweep every minute, covering counties including Carson, Gray, Roberts, Hutchinson, Wheeler, and others.
This five-year program builds upon Xcel Energy's existing wildfire mitigation measures, including power line inspections and vegetation management, with plans to expand into New Mexico service territory in the future.
Xcel Energy (XEL) has announced cash tender offers to purchase up to $110,000,000 of outstanding first mortgage bonds issued by its subsidiary Northern States Power Company. The tender offers target five series of bonds with varying interest rates and maturities ranging from 2046 to 2052. Holders who tender their bonds by December 13, 2024 (Early Tender Date) will receive the Total Consideration including a $30 Early Tender Payment per $1,000 principal amount. The offers will expire on December 31, 2024, unless extended or terminated earlier. The settlement dates are expected to be December 18, 2024, for early tenders and January 6, 2025, for regular tenders.
Xcel Energy (NASDAQ: XEL) announced the closing of its registered underwritten offering of 18,320,610 shares of common stock, resulting in approximately $1.18 billion in net proceeds. The company entered into forward sale agreements with Barclays Bank PLC and Bank of America at an initial forward sale price of $64.4356 per share. The underwriters have a 30-day option to purchase up to an additional 2,748,091 shares. Settlement is expected by June 30, 2026. The proceeds will be used for general corporate purposes, including capital contributions to utility subsidiaries, acquisitions, and/or short-term debt repayment.
Xcel Energy (NASDAQ: XEL) has priced a registered underwritten offering of 18,320,610 shares of common stock at $65.50 per share. The company entered into forward sale agreements with Barclays Bank PLC and Bank of America, N.A. The underwriters have a 30-day option to purchase up to an additional 2,748,091 shares. Settlement is expected by June 30, 2026. The proceeds will be used for general corporate purposes, including capital contributions to utility subsidiaries, acquisitions, and/or short-term debt repayment. The offering is expected to close around November 5, 2024.
Xcel Energy (NASDAQ: XEL) has announced a registered underwritten offering of $1.2 billion of common stock shares, with an additional $180 million option available to underwriters. The company will enter forward sale agreements with Barclays Bank PLC and Bank of America, N.A. as forward purchasers. Settlement is expected by June 30, 2026. The net proceeds will be used for general corporate purposes, including capital contributions to utility subsidiaries, acquisitions, and/or short-term debt repayment. Barclays and BofA Securities are acting as joint book-running managers for the offering.
Xcel Energy (XEL) reported third quarter 2024 GAAP earnings of $682 million ($1.21 per share), up from $656 million ($1.19 per share) in 2023. Ongoing earnings reached $707 million ($1.25 per share), compared to $682 million ($1.23 per share) in 2023. The company reaffirmed its 2024 ongoing EPS guidance of $3.50-$3.60 and initiated 2025 EPS guidance of $3.75-$3.85. Xcel Energy announced a new $45 billion investment plan over five years, targeting long-term annual EPS growth of 6-8% and dividend growth of 4-6%.
Xcel Energy (NASDAQ: XEL) has announced its upcoming Third Quarter 2024 Earnings Conference Call, scheduled for Thursday, October 31, 2024. The earnings report will be released before the market opens, followed by the conference call at 9:00 a.m. Central Time. Participants are advised to dial in at least 10 minutes early using the provided US (1-866-580-3963) or International (400-120-0558) numbers, with the conference password 7505923.
The call will be simultaneously webcast and archived on Xcel Energy's website. For those unable to attend live, a replay will be available until November 4, accessible via the US Dial-In: 1-866-583-1035 with the replay password 7505923#. Financial analysts can contact Paul Johnson, VP of Treasurer & Investor Relations, while media inquiries should be directed to Xcel Energy Media Relations.
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