Xcel Energy (NASDAQ: XEL) furnishes Q4 2025 earnings release

Rhea-AI Filing Summary

Xcel Energy Inc. filed a Form 8-K to report that it released its earnings results for the fourth quarter of 2025. The earnings information was made available on February 5, 2026 and is provided in an Earnings Release furnished as Exhibit 99.01.

The filing is a standard current report under Item 2.02 for results of operations and financial condition and does not itself include detailed financial figures, which are contained in the referenced exhibit.

8-K Event Classification

2 items: 2.02, 9.01

2 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Understanding 8-K Material Events →

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) February 5, 2026

Commission File Number						Exact Name of Registrant as Specified in its Charter; State of Incorporation; Address of Principal Executive Offices; and Telephone Number															IRS Employer Identification Number
001-3034						XCEL ENERGY INC.															41-0448030
						(a Minnesota corporation)
						414 Nicollet Mall
						Minneapolis,			Minnesota						55401
						(612)						330-5500
000-31387						NORTHERN STATES POWER COMPANY															41-1967505
						(a Minnesota corporation)
						414 Nicollet Mall
						Minneapolis,			Minnesota						55401
						(612)						330-5500
001-03140						NORTHERN STATES POWER COMPANY															39-0508315
						(a Wisconsin corporation)
						1414 W. Hamilton Avenue
						Eau Claire,			Wisconsin						54701
						(715)						737-2625
001-3280						PUBLIC SERVICE COMPANY OF COLORADO															84-0296600
						(a Colorado corporation)
						3500 Blake Street
						Denver,			Colorado						80205
						(303)						571-7511
001-03789						SOUTHWESTERN PUBLIC SERVICE COMPANY															75-0575400
						(a New Mexico corporation)
						790 South Buchanan
						Amarillo,			Texas						79101
						(303)						571-7511

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol

Name of each exchange on which registered

Common Stock

XEL

Nasdaq Stock Market LLC

6.25% Junior Subordinated Notes due 2085

XELLL

Nasdaq Stock Market LLC

Item 2.02. Results of Operations and Financial Condition

On February 5, 2026, Xcel Energy released earnings results for the fourth quarter of 2025.

See additional information in the Earnings Release furnished as exhibit 99.01.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits

Exhibit No.						Description
99.01						Earnings Release of Xcel Energy dated Feb. 5, 2026.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Feb. 5, 2026			Xcel Energy Inc. (a Minnesota corporation)
			Northern States Power Company (a Minnesota corporation)
			Northern States Power Company (a Wisconsin corporation)
			Public Service Company of Colorado (a Colorado corporation)
			Southwestern Public Service Company (a New Mexico corporation)
			/s/ BRIAN J. VAN ABEL
			Brian J. Van Abel
			Executive Vice President, Chief Financial Officer

FAQ

What did Xcel Energy (XEL) disclose in its latest Form 8-K?

Xcel Energy disclosed that it released earnings results for the fourth quarter of 2025. The detailed financial information is contained in an Earnings Release furnished as Exhibit 99.01 to the Form 8-K filed on February 5, 2026.

Which period’s results are covered in Xcel Energy (XEL)’s February 5, 2026 Form 8-K?

The Form 8-K covers Xcel Energy’s earnings results for the fourth quarter of 2025. The company furnished a separate Earnings Release as Exhibit 99.01, which contains the detailed financial and operational information for that reporting period.

Where can investors find the detailed Q4 2025 earnings for Xcel Energy (XEL)?

Investors can find detailed Q4 2025 earnings information in Xcel Energy’s Earnings Release, furnished as Exhibit 99.01 to the Form 8-K. The current report itself briefly notes the release and points readers to that exhibit for full financial details.

Why did Xcel Energy (XEL) file a Form 8-K on February 5, 2026?

Xcel Energy filed the Form 8-K to furnish its fourth quarter 2025 earnings results under Item 2.02, Results of Operations and Financial Condition. The filing formally notifies investors of the earnings release and includes it as Exhibit 99.01.

Which exhibit in Xcel Energy (XEL)’s Form 8-K contains the earnings release?

The earnings release is included as Exhibit 99.01 in Xcel Energy’s Form 8-K. This exhibit, dated February 5, 2026, provides the company’s detailed financial and operating results for the fourth quarter of 2025 referenced in the current report.