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 (NASDAQ: XEL) has announced the pricing terms and upsizing of its cash tender offers for outstanding first mortgage bonds issued by Northern States Power Company (NSPM). The company has increased the aggregate tender cap from $110,000,000 to $166,000,000. The tender offers target the 2.60% First Mortgage Bonds Series due June 1, 2051.
The total consideration offered is $632.67 per $1,000 principal amount, which includes a $30 early tender payment. The final proration factor is 37.7% due to oversubscription. The settlement date for accepted bonds is expected to be December 18, 2024. Xcel Energy will fund the purchases using cash on hand.
Xcel Energy (XEL) announced the early results of its cash tender offers to purchase up to $110,000,000 of outstanding first mortgage bonds issued by Northern States Power Company (NSPM). The company anticipates increasing the aggregate tender cap based on U.S. Treasury Reference Security pricing.
The tender offer primarily focuses on the 2.60% First Mortgage Bonds due 2051, with $440,456,000 principal amount tendered out of $700,000,000 outstanding. Even with a potential cap increase, Xcel Energy doesn't expect to accept bonds from other series.
Holders who validly tendered by the Early Tender Date will receive the Total Consideration, including a $30 per $1,000 early tender payment. The settlement date is expected to be December 18, 2024, and the offer expires on December 31, 2024.
Xcel Energy is enhancing wildfire detection in the Texas Panhandle through a partnership with Pano AI to install over 50 camera stations across nearly a dozen counties by 2025. The initiative combines 360-degree HD cameras with AI-driven smoke detection and satellite data integration to continuously monitor for fires.
The system will provide immediate alerts to 911 call centers and first responders when potential fires are detected, with human analysts verifying threats and triangulating locations. Each camera station will perform a 360-degree sweep every minute, covering counties including Carson, Gray, Roberts, Hutchinson, Wheeler, and others.
This five-year program builds upon Xcel Energy's existing wildfire mitigation measures, including power line inspections and vegetation management, with plans to expand into New Mexico service territory in the future.
Xcel Energy (XEL) has announced cash tender offers to purchase up to $110,000,000 of outstanding first mortgage bonds issued by its subsidiary Northern States Power Company. The tender offers target five series of bonds with varying interest rates and maturities ranging from 2046 to 2052. Holders who tender their bonds by December 13, 2024 (Early Tender Date) will receive the Total Consideration including a $30 Early Tender Payment per $1,000 principal amount. The offers will expire on December 31, 2024, unless extended or terminated earlier. The settlement dates are expected to be December 18, 2024, for early tenders and January 6, 2025, for regular tenders.
Xcel Energy (NASDAQ: XEL) announced the closing of its registered underwritten offering of 18,320,610 shares of common stock, resulting in approximately $1.18 billion in net proceeds. The company entered into forward sale agreements with Barclays Bank PLC and Bank of America at an initial forward sale price of $64.4356 per share. The underwriters have a 30-day option to purchase up to an additional 2,748,091 shares. Settlement is expected by June 30, 2026. The proceeds will be used for general corporate purposes, including capital contributions to utility subsidiaries, acquisitions, and/or short-term debt repayment.
Xcel Energy (NASDAQ: XEL) has priced a registered underwritten offering of 18,320,610 shares of common stock at $65.50 per share. The company entered into forward sale agreements with Barclays Bank PLC and Bank of America, N.A. The underwriters have a 30-day option to purchase up to an additional 2,748,091 shares. Settlement is expected by June 30, 2026. The proceeds will be used for general corporate purposes, including capital contributions to utility subsidiaries, acquisitions, and/or short-term debt repayment. The offering is expected to close around November 5, 2024.
Xcel Energy (NASDAQ: XEL) has announced a registered underwritten offering of $1.2 billion of common stock shares, with an additional $180 million option available to underwriters. The company will enter forward sale agreements with Barclays Bank PLC and Bank of America, N.A. as forward purchasers. Settlement is expected by June 30, 2026. The net proceeds will be used for general corporate purposes, including capital contributions to utility subsidiaries, acquisitions, and/or short-term debt repayment. Barclays and BofA Securities are acting as joint book-running managers for the offering.
Xcel Energy (XEL) reported third quarter 2024 GAAP earnings of $682 million ($1.21 per share), up from $656 million ($1.19 per share) in 2023. Ongoing earnings reached $707 million ($1.25 per share), compared to $682 million ($1.23 per share) in 2023. The company reaffirmed its 2024 ongoing EPS guidance of $3.50-$3.60 and initiated 2025 EPS guidance of $3.75-$3.85. Xcel Energy announced a new $45 billion investment plan over five years, targeting long-term annual EPS growth of 6-8% and dividend growth of 4-6%.
Xcel Energy (NASDAQ: XEL) has announced its upcoming Third Quarter 2024 Earnings Conference Call, scheduled for Thursday, October 31, 2024. The earnings report will be released before the market opens, followed by the conference call at 9:00 a.m. Central Time. Participants are advised to dial in at least 10 minutes early using the provided US (1-866-580-3963) or International (400-120-0558) numbers, with the conference password 7505923.
The call will be simultaneously webcast and archived on Xcel Energy's website. For those unable to attend live, a replay will be available until November 4, accessible via the US Dial-In: 1-866-583-1035 with the replay password 7505923#. Financial analysts can contact Paul Johnson, VP of Treasurer & Investor Relations, while media inquiries should be directed to Xcel Energy Media Relations.
Xcel Energy is making significant strides in its clean energy and sustainability goals, as highlighted during Climate Week NYC, Clean Energy Week, and Drive Electric Week. The company has reduced carbon emissions by 54% from 2005 levels, aiming for 100% carbon-free electricity by 2050. Xcel Energy's energy mix is now more than 50% carbon-free, surpassing the national average of 41%.
Key achievements include:
- Reducing 46.3 million short tons of CO2e by 2023
- Cutting sulfur dioxide emissions by 83% and nitrogen oxides by 85%
- Saving 1,300 gigawatt hours of electricity through demand-side management programs
- Helping customers complete about 7 million energy efficiency projects in 2023
- Producing 40% of energy from renewable sources and 10% from nuclear
- Planning to fully exit coal generation by the end of 2030
Xcel Energy is also advancing electric vehicle adoption, with over 143,000 EVs in its service area, a 50% increase from 2022. The company aims to enable zero-carbon transportation across its service area by 2050.
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