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.
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.
Xcel Energy has announced the redemption of all outstanding 2.15% First Mortgage Bonds, Series due August 15, 2022, with a total principal amount of $300,000,000. The redemption date is set for May 20, 2022, with the redemption price equating to 100% of the principal plus accrued interest. It's important to note that this press release does not serve as a notice of redemption. Holders of the bonds are advised to refer to the notice of redemption provided through The Depository Trust Company.
Xcel Energy (NASDAQ: XEL) will conduct a conference call on April 28, 2022, at 9:00 a.m. Central Time, to discuss its first-quarter financial results. Earnings will be released before trading hours. Participants can join by dialing 800-289-0720 (US) or 400-120-9264 (International), using conference ID 7267038. The call will be available for replay starting 12:00 p.m. on April 28 until 12:00 p.m. on May 1. For further details, visit xcelenergy.com.
The MSP Equity Fund, a $50 million initiative backed by Allianz Life and Xcel Energy, aims to close equity gaps for Black, Brown, and Women entrepreneurs in Minnesota. This fund is unique as it is the first venture capital fund of funds in the U.S. focused on investments across race, place, and gender. It will support at least 10 venture capital managers, who are expected to invest in local startups. The fund aligns with Forge North's economic development goals to enhance racial equity and increase early-stage venture capital.
Xcel Energy Inc. (NASDAQ: XEL) has announced a quarterly dividend increase from 45.75 cents to 48.75 cents per share, marking a 6.6% increase and reflecting a commitment to shareholder returns. This raises the annual dividend rate to $1.95 per share, payable on April 20, 2022, to shareholders on record by March 15, 2022. CEO Bob Frenzel emphasized the company's confidence in its investment opportunities and a plan to grow dividends by 5-7% annually.
Xcel Energy Inc. reported 2021 earnings of $1.60 billion, translating to $2.96 per share, an increase from $2.79 in 2020. The growth stemmed from higher electric and natural gas revenues, although this was partially offset by increased costs related to fuel and power purchases. The company reaffirmed its 2022 EPS guidance of $3.10 to $3.20 per share, marking the 17th consecutive year of achieving earnings guidance. Additionally, Xcel reached significant regulatory settlements in Colorado and Texas supporting its clean energy initiatives and rate adjustments.