Xcel Energy Inc Stock Price, News & Analysis

Xcel Energy (NASDAQ: XEL) has announced its Board of Directors has declared a quarterly dividend of $0.57 per share on its common stock. The dividend will be paid on July 20, 2025, to shareholders of record as of June 13, 2025.

Xcel Energy is a major U.S. utility company operating in 8 Western and Midwestern states, serving 3.9 million electricity customers and 2.2 million natural gas customers through its regulated operating companies. The company is headquartered in Minneapolis.

Xcel Energy (NASDAQ: XEL) reported first quarter 2025 GAAP earnings of $483 million, or $0.84 per share, compared to $488 million, or $0.88 per share in Q1 2024. The company reaffirmed its 2025 ongoing EPS guidance of $3.75 to $3.85.

Total operating revenues increased to $3,906 million from $3,649 million, with electric revenues rising to $2,835 million and natural gas revenues to $1,055 million. The earnings decline was primarily due to higher O&M expenses, depreciation, and interest charges, partially offset by increased infrastructure investment recovery.

A significant milestone was reached in February when Minnesota regulators approved a resource plan including nearly 5,000 megawatts of new wind, solar, battery storage, and gas by 2030. The company continues to focus on wildfire risk mitigation through operating investments and regulatory support.

Xcel Energy (NASDAQ: XEL) has scheduled its first quarter 2025 earnings conference call for Thursday, April 24, 2025. The company will release its financial results before the market opens on the same day. The conference call will begin at 9:00 a.m. Central Time.

Participants are advised to dial in at least 10 minutes before the scheduled start. The call will be accessible via US Dial-In (1-866-580-3963) and International Dial-In (400-120-0558) using conference password 2629857. A simultaneous webcast will be available on www.xcelenergy.com under the Investors section.

For those unable to attend the live event, a replay will be available through April 29 via US Dial-In: 1-866-583-1035 using the same password.

Xcel Energy (XEL) has been recognized as one of the World's Most Ethical Companies® for the sixth consecutive year by Ethisphere, joining an elite group of only seven U.S. energy companies among 136 global honorees.

The recognition is based on Ethisphere's Ethics Quotient® assessment, which evaluates companies across 240+ proof points covering ethics, compliance, governance, environmental and social impact, and value chain initiatives. Chairman, president and CEO Bob Frenzel emphasized the company's commitment to ethical standards while delivering safe, reliable, and sustainable energy at competitive prices.

In 2024, Xcel Energy announced a five-year investment plan focused on strengthening the energy grid against extreme weather, meeting increased electrification demands, and reducing emissions across electricity, building natural gas use, and transportation sectors.

Xcel Energy (NASDAQ: XEL) announced significant leadership changes as Timothy O'Connor, executive vice president and chief operations officer, will retire this summer after nearly 20 years with the company.

Effective May 1, two internal executives will assume new roles: Scott Sharp will become executive vice president, chief generation officer, overseeing Nuclear, Energy Supply, and Commercial Operations. Michael Lamb will serve as executive vice president, chief delivery officer, managing Electric and Gas Distribution/Transmission, Wildfire Risk Management, Operations Process & Performance, and the Major Projects Group.

Both executives bring extensive experience to their new positions - Sharp has over 30 years in power plant operations, while Lamb has served since 1985 in various leadership roles. They will report to CEO Bob Frenzel and serve on the Executive Committee. O'Connor will transition to an advisory role through August.

Xcel Energy (NASDAQ: XEL) has announced a 4.1% increase in its quarterly dividend, raising it from 54.75 cents to 57 cents per share, equivalent to an annual rate of $2.28 per share. The dividend will be payable on April 20, 2025, to shareholders of record as of March 14, 2025.

This marks Xcel Energy's twenty-second consecutive year of dividend increases, reflecting the Board's confidence in the company's long-term growth strategy and operational excellence. Xcel Energy operates as a major U.S. electricity and natural gas provider across 8 Western and Midwestern states, serving 3.9 million electricity customers and 2.2 million natural gas customers through its regulated operating companies.

Xcel Energy (NASDAQ: XEL) reported strong financial results for 2024, with GAAP earnings reaching $1.94 billion ($3.44 per share), up from $1.77 billion ($3.21 per share) in 2023. The company's ongoing earnings increased to $1.97 billion ($3.50 per share) from $1.85 billion ($3.35 per share) in 2023.

The improved performance was driven by increased recovery of infrastructure investments, though partially offset by higher depreciation, interest charges, and O&M expenses. The company has reaffirmed its 2025 EPS guidance of $3.75 to $3.85 per share and notably achieved its earnings guidance for the 20th consecutive year.

Xcel Energy (NASDAQ: XEL) has announced the election of Devin Stockfish to its board of directors, effective January 23, 2025. Stockfish, who currently serves as president and CEO of Weyerhaeuser Co., North America's largest integrated timber and forest products company, brings extensive expertise in leading publicly traded, capital-intensive businesses.

Stockfish will serve on Xcel Energy's Finance committee and Operations, Nuclear, Environmental and Safety (ONES) committee. With his addition, the board will expand to 14 members. His background includes nearly 12 years at Weyerhaeuser in various senior roles, previous positions at Univar Solutions , Starbucks Corp., and Boeing Co. He holds a Juris Doctor from Columbia Law School and a BS in mechanical engineering from the University of Colorado.

Xcel Energy (XEL) has announced a leadership change in its Investor Relations department. Roopesh Aggarwal has been appointed as vice president of Investor Relations, replacing Paul Johnson, who is retiring after more than 40 years with the company.

Aggarwal, who joined Xcel Energy in 2019 as senior director of Business Innovation and became senior director of Investor Relations in 2022, brings experience from various finance, strategy, and corporate development roles at Summit Utilities, DTE Energy, Ford Motor Co., and private equity firms. He currently oversees the company's quarterly earnings calls, investor presentations, and shareholder services.

Johnson will remain in an advisory role through the completion of annual financial reporting and depart after the first quarter.