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. (NASDAQ: XEL) is a Minneapolis-based regulated utility that generates and distributes electricity and natural gas to millions of customers across eight Western and Midwestern states. The XEL news feed on Stock Titan brings together company announcements, regulatory updates and financial disclosures that shape the outlook for this multi-state utility.
Investors following Xcel Energy news will see regular earnings reports and guidance updates, where the company discusses GAAP and ongoing earnings, infrastructure investment plans and the performance of its major operating companies, including Northern States Power, Public Service Company of Colorado, Southwestern Public Service Company and Northern States Power Company-Wisconsin. These releases often explain how rate recovery, operating expenses, depreciation and interest costs affect results.
The news stream also features regulatory and legal developments, such as rate case filings in Colorado, New Mexico and Wisconsin, and updates on matters like the Marshall Wildfire litigation. These items provide insight into potential changes in customer rates, capital recovery and risk management for the business.
Corporate governance and capital markets activity are another focus of XEL news. Recent items include the election of new independent directors, the issuance of junior subordinated notes, and cash tender offers for first mortgage bonds issued by subsidiaries. Community and philanthropic initiatives, including grants and large volunteer efforts through the Xcel Energy Foundation, are also highlighted, reflecting the company’s engagement across its eight-state service area.
By monitoring this page, readers can track how Xcel Energy manages its regulated utility operations, advances its clean energy transition goals and responds to financial, regulatory and community priorities over time.
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.
The Board of Directors of Xcel Energy declared a quarterly dividend of 48.75 cents per share, payable on July 20, 2022, to shareholders of record on June 15, 2022.
Xcel Energy, operating in 8 states, serves 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 announced the submission of a redemption notice to redeem all outstanding 2.25% First Mortgage Bonds, Series No. 23, with an aggregate principal amount of $300 million. The redemption will occur on June 15, 2022, at a price equal to 100% of the principal plus accrued interest. This press release does not serve as a redemption notice itself, and holders are advised to refer to the notice to be provided through The Depository Trust Company.
Xcel Energy (NASDAQ: XEL) has announced significant leadership changes to enhance its commitment to clean energy transition. Alice Jackson is appointed as senior vice president, System Strategy and chief planning officer, overseeing a new planning organization aimed at achieving net-zero energy by 2050. Robert Kenney will replace Jackson as president of Colorado operations, while Adrian Rodriguez will lead Texas and New Mexico operations. These changes aim to position Xcel for success amidst evolving energy needs.
Xcel Energy Inc. (NASDAQ: XEL) will conduct its virtual 2022 Annual Meeting of Shareholders on May 18, 2022, at 11:00 a.m. central time. Shareholders of record as of March 21, 2022 can attend and vote online using their control numbers. Technical support will be available during the meeting. For those without internet access, a toll-free number will enable participation. Further details are in the 2022 Proxy Statement, filed on April 5, 2022, and accessible on Xcel Energy's website.
Xcel Energy reported a first quarter GAAP diluted EPS of $0.70 in 2022, up from $0.67 in 2021. The company reaffirmed its 2022 earnings guidance of $3.10 to $3.20 per share. First quarter earnings totaled $380 million, attributed to capital investment recoveries and positive regulatory outcomes, despite higher expenses. Key developments include the approval of its Upper Midwest Resource Plan, which will add 5,800 megawatts of renewable energy and extend the Monticello nuclear plant's life until 2040.