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 a first quarter 2023 GAAP diluted earnings per share of $0.76, an increase from $0.70 in 2022. The company reassured its 2023 EPS guidance range of $3.30 to $3.40. Overall earnings reached $418 million, a boost from $380 million year-over-year. The results were aided by recovery in electric and natural gas infrastructure investment, although higher depreciation and operating expenses weighed on performance. CEO Bob Frenzel highlighted ongoing efforts in the clean energy transition, including evaluating renewable projects and applying for Department of Energy grants for hydrogen hubs. Xcel also reduced the natural gas recovery charge in Colorado by 58% to alleviate customer costs amidst fluctuating natural gas prices.
Xcel Energy (NASDAQ: XEL) will hold a conference call on April 27, 2023, at 9:00 a.m. Central Time to discuss its first quarter 2023 financial results. The earnings report will be released before the market opens on the same day. Participants can join by dialing 1-866-580-3963 in the US or 400-120-0558 internationally and must enter the conference password 5018521. The call will also be available via webcast and archived on the company's website. For replay, call 1-866-583-1035 until May 1, using the same password. Xcel Energy is a leader in providing clean energy solutions across eight states, with a focus on reducing carbon emissions.
The Board of Directors of Xcel Energy (NASDAQ: XEL) has announced a quarterly dividend increase from
Luke Litteken, SVP of Xcel Energy, has been appointed as the 2023 Chair of the Southern Gas Association Board of Directors. With over 30 years in the natural gas industry, Litteken aims to enhance energy infrastructure, focusing on affordable clean energy and workforce diversity. He emphasizes the importance of technical training and innovation, especially concerning emerging fuels like RNG and hydrogen. The SGA's Executive Committee will also include members from various leading energy companies. This development marks a significant leadership transition within the natural gas sector, promoting safety and innovation.
Form Energy has formed a partnership with Xcel Energy to deploy its 100-hour iron-air battery systems at retiring coal plant sites in Minnesota and Colorado. The two 10 MW / 1,000 MWh storage systems are designed to enhance Xcel Energy's ability to integrate low-cost renewable energy as part of its transition to a sustainable energy future. Expected to be operational by 2025, both projects will require regulatory approvals. The collaboration aims to improve grid reliability, support a significant reduction in carbon emissions by 2030, and bolster the integration of wind energy amidst weather variability.
Xcel Energy Inc. (NASDAQ: XEL) reported 2022 diluted earnings per share (EPS) of $3.17, up from $2.96 in 2021, representing a 11.6% increase year-over-year. Total GAAP earnings reached $1.74 billion, attributed to capital investment recovery and regulatory outcomes, though offset by rising depreciation and operational expenses. The company reaffirmed its 2023 EPS guidance of $3.30 to $3.40 per share. CEO Bob Frenzel highlighted the company's commitment to clean energy, noting regulatory approvals for renewable energy expansion and the retirement of coal plants, bolstered by the Inflation Reduction Act's tax provisions.
FAQ
What is the current stock price of Xcel Energy (XEL)?
What is the market cap of Xcel Energy (XEL)?
