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 has announced leadership changes effective March 1, 2022. Brett Carter will be the new group president, Utilities and chief customer officer, while Jeff Savage will become the chief audit and financial services officer. Carter's role will focus on overseeing Xcel's operating companies and enhancing customer strategies, while Savage will manage risk and internal auditing responsibilities. Additionally, David Hudson will retire after 38 years with the company. These appointments aim to strengthen leadership and emphasize Xcel's commitment to clean energy and customer service.
Xcel Energy (NASDAQ: XEL) will conduct a conference call on January 27, 2022, at 9:00 a.m. Central Time, to discuss its fourth quarter and year-end 2021 financial results. Earnings will be released before trading starts. Participants can join by dialing 800-289-0720 for the US or 400-120-9264 internationally, with the conference ID 4764710. The call will also be available for replay from 12:00 p.m. on January 27 until 12:00 p.m. on January 30. For more details, visit xcelenergy.com.
The Board of Directors of Xcel Energy (NASDAQ: XEL) has declared a quarterly dividend of 45.75 cents per share, payable on January 20, 2022, to shareholders of record by December 22, 2021. Xcel Energy, a leading U.S. electricity and natural gas company, serves approximately 3.7 million electricity and 2.1 million natural gas customers across eight states. Headquartered in Minneapolis, the company provides a wide range of energy products and services.
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Xcel Energy's third-quarter 2021 GAAP diluted earnings per share (EPS) stood at $1.13, slightly down from $1.14 in 2020. Year-to-date EPS rose to $2.38 from $2.25 year-over-year. The company has narrowed its EPS guidance for 2021 to $2.94-$2.98 and initiated a 2022 EPS guidance of $3.10-$3.20. Strong earnings were attributed to increased electric and natural gas margins while O&M expenses decreased. Additionally, a $26 billion capital forecast for 2022-2026 aims to enhance customer benefits and support CO2 reduction goals.
Lightsource bp and Xcel Energy announced the development of a new 298MW solar farm in Pueblo, Colorado, their second project in the area. This investment pushes Lightsource bp's total commitment to Colorado's clean energy sector over $500 million. The solar farm will provide power to about 53,540 homes and reduce carbon emissions by 404,080 tons annually, equating to removing 87,000 cars from the roads. Construction is set to begin before the end of 2021, creating 300 local jobs.
Xcel Energy (NASDAQ: XEL) will hold a conference call to discuss its third quarter 2021 financial results on Thursday, October 28, 2021, at 9:00 a.m. Central Time. Earnings will be released before the opening of trading that day.
Participants can join the call by dialing 888-204-4368 (US) or 400-120-9101 (International), with a conference ID of 5692678. The call will also be available for replay from noon on October 28 through noon on October 31. For more details, visit xcelenergy.com.
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Xcel Energy's Executive Chairman, Ben Fowke, met with President Biden at the National Renewable Energy Lab in Colorado. Fowke emphasized Xcel’s leadership in achieving a 100% carbon-free electricity goal by 2050, having already reduced carbon emissions by 51%. The company aims for an 80% reduction by 2030, with over 65% of its energy generated from wind and solar. Collaboration with the federal government and state leaders is crucial for developing policies supporting a clean energy future. Xcel acknowledges the need for reliable, carbon-free generating resources available 24/7.
Xcel Energy (XEL) has launched new electric vehicle (EV) charging programs in Colorado, enhancing accessibility and affordability for customers. The initiatives aim to support the state's goal of having 940,000 EVs on the road by 2030 and contribute to the company’s vision of powering 1.5 million EVs by the same year. The new residential programs offer low-cost charger installations, annual rewards, and rebates for home upgrades, while commercial solutions provide infrastructure support for businesses and communities. The plan includes deploying around 20,000 charging plugs over three years.