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. reports developments for a regulated electric and natural gas utility serving customers across eight Western and Midwestern states. News commonly covers GAAP and ongoing earnings, dividend declarations, recovery of infrastructure investments, electric sales trends, operating expenses and financing-related updates.
The company’s recurring updates also address clean-energy and grid projects, large-load customer service, generation and transmission planning, and technology and security modernization. Xcel Energy operates through regulated utility companies that include Northern States Power, Public Service Company of Colorado and Southwestern Public Service Company, with business activity tied to electricity delivery, natural gas service, renewable energy resources and state utility regulation.
Xcel Energy (NASDAQ: XEL) will hold a conference call on October 27, 2022, at 9:00 a.m. Central Time to discuss its third quarter financial results. Earnings will be released before market opening. Participants are asked to dial in at least 5 minutes ahead. The call will be accessible via US dial-in at 866-580-3963 and international at 400-120-0558, with a conference password of 0230649. A replay will be available from October 27 through October 31.
Bloom Energy (NYSE: BE) announced plans to install an electrolyzer at Xcel Energy's (NASDAQ: XEL) Prairie Island Nuclear Generating Plant in Minnesota. This initiative aims to enhance clean hydrogen production efficiency by utilizing nuclear infrastructure, promising a reduction in hydrogen production costs and support for the growing hydrogen economy. The 240 kW electrolyzer, based on Bloom's solid oxide platform, is expected to begin construction in late 2023 with power-on anticipated in early 2024, potentially transforming the dynamics of zero-carbon energy production.
Xcel Energy (NASDAQ: XEL) partners with Ambri to utilize its Liquid Metal™ battery technology at Solar Technology Acceleration Center in Aurora, Colorado. This initiative aims to bolster Xcel's commitment to a carbon-free future and enhance its renewable energy capabilities. With an objective to reduce carbon emissions by 80% by 2030 and achieve net-zero energy by 2050, this collaboration supports Xcel's strategic goals and further cements its leadership in clean energy solutions.
The Board of Directors of Xcel Energy (NASDAQ: XEL) announced a quarterly dividend of 48.75 cents per share, payable on October 20, 2022, to shareholders on record by September 15, 2022.
Xcel Energy operates across 8 states, serving 3.7 million electricity and 2.1 million natural gas customers. The company is headquartered in Minneapolis. For further details, visit www.xcelenergy.com.
Xcel Energy has unveiled its ambitious transportation vision aimed at transitioning all vehicles in its service area to carbon-free electricity by 2050. This plan builds on its 2030 goal to have 20% of vehicles electric, ultimately supporting the company's aim of becoming a net-zero energy provider. Significant benefits include an estimated $1 billion savings for customers on fuel by 2030 and improved air quality. The initiative includes expanding electric vehicle charging infrastructure, particularly in Minnesota and Wisconsin, adding about 750 high-speed charging stations.
Xcel Energy reported second quarter 2022 GAAP diluted earnings per share of $0.60, up from $0.58 in 2021, with ongoing earnings totaling $328 million. The company reaffirms its 2022 EPS guidance of $3.10 to $3.20. This growth is attributed to capital investment recovery and regulatory outcomes, despite higher depreciation and operating expenses. A significant milestone includes the approval of the Colorado Electric Resource Plan, aiming for an 85% reduction in carbon emissions by 2030 and transitioning to 80% renewable energy sources by then.
Xcel Energy (NASDAQ: XEL) will hold a conference call on July 28, 2022, at 9:00 a.m. Central Time to discuss its second quarter financial results. The earnings report will precede the call, which attendees can join by dialing 800-289-0720 (US) or 400-613-7957 (International). The call will also be broadcast online and archived on Xcel's website. Replay will be available post-event until July 31, 2022. Xcel Energy is known for its renewable energy initiatives across eight states.
Xcel Energy Inc. (NASDAQ: XEL) has appointed Megan Burkhart to its board of directors, effective immediately. With extensive experience in human resources and diversity, equity, and inclusion, she currently serves as the executive vice president and chief human resources officer at Comerica. Burkhart has a solid track record of enhancing executive compensation programs and DE&I efforts. Her leadership is expected to strengthen Xcel Energy’s commitment to effective governance, particularly in evolving areas like compensation and ESG.
Xcel Energy has released its 17th annual Sustainability Report, showcasing its commitment to reliable, affordable energy while promoting environmental stewardship. The company aims for 100% carbon-free electricity by 2050 and has achieved a 50% reduction in carbon emissions since 2005. Xcel is also targeting a 25% reduction in greenhouse gas emissions from natural gas by 2030. Additionally, it plans to support 1.5 million electric vehicles by decade's end and has installed around 1,200 charging ports. The report emphasizes community investment and customer support.
Xcel Energy has become the first energy company in the U.S. to add all-electric bucket trucks to its fleet, enhancing its commitment to clean energy. The trucks, featuring a 135-mile range and productivity for a full workday on a single charge, will be piloted over six to twelve months. This initiative supports Xcel's goal of electrifying its vehicle fleet by 2030 and aligns with its vision to provide 100% carbon-free electricity by 2050. The first truck will be operational in the Twin Cities by late June.