Xcel Energy Inc Stock Price, News & Analysis

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.

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.