XCEL ENERGY INC SEC Filings

Xcel Energy Inc director Peter W. Carter submitted an initial statement of beneficial ownership of securities indicating that he holds no securities beneficially owned in the company. The report lists a holding entry showing 0.0000 shares owned following the reported position as of 2026-07-29.

Xcel Energy Inc. reported solid earnings growth for the quarter ended June 30, 2026. Total operating revenues were $ 3,119 million versus $ 3,287 million a year earlier, while net income increased to $ 586 million from $ 444 million. Diluted EPS rose to $ 0.93 from $ 0.75, helped by lower electric fuel and purchased power costs, reduced depreciation, higher equity-method income and continued AFUDC, partially offset by higher interest expense.

For the first six months of 2026, net income was $ 1,142 million compared with $ 927 million, and diluted EPS was $ 1.82 versus $ 1.59. Operating cash flow strengthened to $ 2,797 million from $ 2,109 million. The company is funding large capital programs, with capital expenditures of $ 5,970 million and long-term debt (including current portion) rising to $ 36,947 million. Cash and cash equivalents increased to $ 2,010 million, supported by a $1.5 billion term loan and $4.75 billion of committed revolving credit facilities, of which $ 3,648 million remained available.

Xcel Energy continues to manage significant wildfire and regulatory exposures. For the 2024 Smokehouse Creek Fire Complex, it has recorded a total estimated loss of $ 460 million (before insurance), with $ 404 million of expected loss payments already settled and approximately $80 million of the $ 525 million annual wildfire insurance limit remaining. The company notes that ultimate resolution could exceed insurance coverage and materially affect results. For the Marshall Fire in Colorado, settlements totaling $ 640 million have been executed, and higher expected insurance recoveries produced a $ 19 million net credit to 2026 earnings. In Minnesota, regulators ordered a $ 41 million disallowance related to a Prairie Island nuclear outage, leading to $ 38 million of customer refunds recorded in 2026. Adjusting for these non-recurring items, first-half ongoing earnings were $ 1,156 million and ongoing diluted EPS were $ 1.84 versus $ 1.59 a year earlier.

Xcel Energy Inc. elected Peter Carter, 63, president of Delta Air Lines, to its Board of Directors effective July 29, 2026, for a term expiring at the 2027 Annual Meeting of Shareholders. In connection with his election, the Board increased its size from 10 to 11 directors.

Carter was appointed to the Board’s Audit Committee and Governance, Compensation and Nominating Committee. The Board determined he is independent under Nasdaq and company standards. He will receive prorated non-employee director compensation consistent with other directors, and there are no reportable related person transactions involving him.

Xcel Energy Inc. and its subsidiary Public Service Company of Colorado describe a comprehensive non-unanimous settlement of PSCo’s December 2025 Colorado natural gas rate case. PSCo initially sought a $190 million revenue increase, or 11.6%, based on a 10.75% return on equity and a projected 2025 rate base of $4.7 billion.

Under the July 13, 2026 settlement filed with the Colorado Public Utilities Commission and other parties, key terms include a revenue increase of $123 million, described as a 7.5% total increase (an annual average of 3.7% since the last rate case), and an authorized return on equity of 9.2% with a 54.5% equity ratio, using a 2025 historic test year with forward-looking known and measurable adjustments. Several stakeholders do not oppose or take no position, one transportation shipper opposes, and hearings are scheduled for July 2026, with a CPUC decision and implementation of final rates anticipated in the fourth quarter of 2026.

KAMPLING PATRICIA L reported acquisition or exercise transactions in this Form 4 filing.

Xcel Energy Inc. director Patricia L. Kampling received an equity retainer grant of 607.783 stock equivalent units tied to common stock. These units are payable in whole shares after her board service ends, with any fractional units settled in cash.

According to the filing, 506.486 of these units were granted at a price of $82.23 per unit in lieu of her quarterly cash retainer, and 101.297 units were granted at no cost as a 20% premium on that retainer amount. Following this award, she holds 25,158.421 shares directly, reflecting routine, compensation-related equity rather than an open-market purchase or sale.

XCEL ENERGY INC director Lynn Casey reported an acquisition of 492.521 stock equivalent units of common stock on June 28, 2026. This was a compensation-related grant, not an open‑market purchase.

According to the filing, 410.434 units were granted at $83.23 per unit in lieu of the quarterly cash retainer, and 82.087 additional units were granted at no cost as a 20% premium on that retainer. Following this award, Casey directly holds 43,615.811 shares and units in total.

Welsh Timothy A reported acquisition or exercise transactions in this Form 4 filing.

Xcel Energy director Timothy A. Welsh received a stock-based board retainer. He was granted 468.065 stock equivalent units tied to common stock, awarded as compensation rather than an open-market purchase. Of these, 390.054 units were granted at $82.23 per unit in lieu of his quarterly cash retainer, and 78.011 units were granted at no cost as a 20% premium on that retainer. Following this award, his direct holdings increased to 17,486.534 shares-equivalent of common stock.

Xcel Energy Inc. director Charles G. Pardee reported an equity-based retainer grant. He acquired 541.031 stock equivalent units of common stock on June 28, 2026, a non-cash award recorded at a zero transaction price per unit in the filing.

According to the footnotes, 450.859 of these units were granted at $82.23 per unit in lieu of his quarterly cash retainer, while 90.172 units were granted at no cost as a 20% premium on that retainer amount. These stock equivalent units are payable in whole shares of common stock after his service as director ends, with any fractional units settled in cash. Following this award, Pardee directly holds 33,852.150 shares or equivalent units of Xcel Energy common stock.

XCEL ENERGY INC director Megan D. Burkhart reported a non-cash equity grant tied to her board service. She acquired 583.728 stock equivalent units of common stock as part of her director retainer. These units will be paid in whole shares, with any fractional units settled in cash after her board service ends.

According to the footnotes, 486.44 units were granted at $82.23 per unit in lieu of her quarterly cash retainer, and 97.288 units were granted at no cost as a 20% premium on that retainer amount. Following this grant, Burkhart holds 23,840.616 common shares or equivalents directly, indicating a routine compensation-related award rather than an open-market purchase or sale.