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) was named a World’s Most Ethical Companies® honoree by Ethisphere for the seventh consecutive year on March 18, 2026. The company ranked among 138 global honorees and was one of three U.S. energy companies recognized.
The award highlighted Xcel Energy’s top score for its ethics and compliance program and referenced its governance, culture, environmental and third-party management practices, plus progress on a five-year grid investment plan and below-average customer bills.
Xcel Energy (NASDAQ: XEL) raised its quarterly common dividend from $0.57 to $0.5925 per share, an annual rate of $2.37 per share. Dividends are payable April 20, 2026, to shareholders of record March 13, 2026.
The board noted this marks the 23rd consecutive year of dividend increases and reiterated a target of 4–6% annual dividend growth and a 45–55% payout ratio.
Xcel Energy (NASDAQ: XEL) will power a new Google data center in Pine Island, Minnesota under an Electric Service Agreement announced February 24, 2026. The deal funds 1,900 MW of new clean energy (1,400 MW wind, 200 MW solar, 300 MW storage) and a $50 million CapacityConnect investment.
The agreement includes Google covering new service and grid costs, aims to protect existing customers from higher bills, and will be filed for review with the Minnesota Public Utilities Commission.
Xcel Energy (NASDAQ: XEL) named Rob Cain senior vice president, chief technology officer, effective February 23, 2026. Cain will lead Technology and Security Services to modernize infrastructure, mitigate cyber and physical security risks, and enable AI and advanced digital solutions across the company.
Cain joins from McKinsey, previously served as CIO at Coca-Cola, and succeeds Tim Peterson who accepted a position outside the company.
Xcel Energy (NASDAQ: XEL) reported 2025 GAAP diluted EPS of $3.42 and ongoing diluted EPS of $3.80, versus $3.44 GAAP and $3.50 ongoing in 2024. Net income was $2.02 billion in 2025. The company reaffirmed 2026 EPS guidance of $4.04–$4.16. Key drivers included increased recovery of infrastructure investments, higher electric sales, and rising interest, depreciation and O&M expenses. The results reflect a 2025 $296 million Marshall wildfire-related charge recorded in operating expenses and higher interest costs; management highlighted new data center wins and strategic alliances to support future infrastructure delivery.
Xcel Energy (NASDAQ: XEL) and a subsidiary of NextEra Energy (NYSE: NEE) signed a memorandum of understanding on February 4, 2026 to accelerate delivery of generation, storage and transmission solutions to serve large load customers, including data centers, across Xcel Energy service territories.
The MOU expands an existing commercial relationship, aims to streamline development timelines, increase the data center demand Xcel can serve through the 2030s, and calls for a formal joint development agreement in coming months; projects remain subject to definitive terms and regulatory approvals.
Xcel Energy (NASDAQ: XEL), Great River Energy and ITC Midwest filed a Certificate of Need application with the Minnesota Public Utilities Commission on Feb 3, 2026 for PowerOn Midwest, anchored by a 765 kV backbone connecting Lakefield, Pleasant Valley and North Rochester substations.
Route permit filings expected in 2027, a South Dakota facility permit later in 2026, construction targeted by 2030 and operation by 2034; two additional 345 kV upgrades are included.
Xcel Energy (NASDAQ: XEL) and GE Vernova (NYSE: GEV) signed a Strategic Alliance Agreement to support Xcel’s generation and grid projects into the 2030s. The pact includes a Reservation Agreement for five F-class gas turbines and a Capacity Reservation Agreement for multiple gigawatts of GE Vernova wind turbines.
The companies will collaborate on grid equipment, including synchronous condenser systems tied to a 2025 order, and pursue joint R&D in AI, grid modernization, and other technologies to boost supply certainty, flexibility, and cost predictability.
Xcel Energy (NYSE:XEL) was named one of Fortune magazine’s World’s Most Admired Companies for the twelfth consecutive year on January 21, 2026. The company ranked first in social responsibility and fourth overall among U.S. electric and gas companies based on nine attributes including innovation, financial soundness and talent attraction. In 2025 Xcel reported progress on its five-year investment plan to harden and modernize the grid. The company also noted its electric and gas bills remain 28% and 12% below the national average, with historic bill growth below inflation over the past decade.
Xcel Energy (NASDAQ: XEL) will host a conference call on Thursday, February 5, 2026 at 9:00 a.m. Central Time to review fourth quarter and year-end 2025 financial results. The earnings report will be released prior to market open the same day. Participants should dial in at least 10 minutes early: U.S. toll-free 1-800-715-9871 or international 1-646-307-1963 using Conference ID 5265704. The call will be webcast and archived at www.xcelenergy.com under Investors, and a replay will be available for one week (U.S. replay 1-800-770-2030, Playback ID 5265704).