Welcome to our dedicated page for Xcel Energy SEC filings (Ticker: XEL), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Xcel Energy Inc. (NASDAQ: XEL) SEC filings page on Stock Titan provides direct access to the company’s regulatory disclosures, along with AI-powered tools to help interpret complex documents. As a Minneapolis-based regulated utility serving millions of electric and natural gas customers across eight states, Xcel Energy files a broad range of reports that are central to understanding its financial condition, capital plans and regulatory environment.
Investors can review Form 8-K current reports, where Xcel Energy frequently discloses material events such as bond offerings, cash tender offers for first mortgage bonds issued by subsidiaries, rate case filings in Colorado, New Mexico and Wisconsin, and developments in litigation like the Marshall Wildfire settlements. These filings explain how new debt, settlements or regulatory proceedings may affect earnings, cash flows and risk.
Periodic reports such as quarterly and annual filings (10-Q and 10-K), when available, detail operating revenues from electric and natural gas services, operating expenses, capital expenditures and segment performance for subsidiaries including Northern States Power, Public Service Company of Colorado, Southwestern Public Service Company and Northern States Power Company-Wisconsin. They also describe Xcel Energy’s approach to ongoing earnings, non-GAAP metrics and its infrastructure investment plans.
This page also surfaces securities registration statements and indenture-related exhibits, such as documentation for junior subordinated notes due 2085, which provide insight into the company’s capital structure and financing strategy. Where applicable, insider and governance-related disclosures, including director elections and board committee assignments, can be traced through related 8-K items.
Stock Titan enhances these documents with AI-generated summaries that highlight key terms, financial impacts and regulatory context, helping users quickly identify what matters in lengthy filings. Real-time updates from EDGAR ensure that new XEL filings, including 10-K, 10-Q, 8-K and related exhibits, are available promptly for analysis.
Xcel Energy (XEL) reported Q3 results with total revenue of $3.915 billion, up from $3.644 billion a year ago. Net income was $524 million versus $682 million, and diluted EPS was $0.88 compared with $1.21. Operating income declined to $749 million from $911 million, primarily due to a $287 million Marshall Wildfire litigation expense, alongside higher O&M and depreciation.
For the nine months, operating cash flow was $3.874 billion, while capital expenditures were $7.470 billion. Financing activity included $4.883 billion of long-term debt issuances and $1.151 billion from common stock. In October 2025, the company issued $900 million of 6.25% junior subordinated notes due 2085. Xcel amended and extended its revolving credit facilities to an aggregate $4.75 billion capacity (available $3.346 billion at Sept. 30, 2025). Common shares outstanding were 591,539,773 as of Oct. 28, 2025.
Xcel Energy Inc. filed a Form 8-K stating it released earnings results for the third quarter of 2025. The company furnished an Earnings Release as Exhibit 99.01 under Item 2.02.
Xcel Energy Inc. executed a Junior Subordinated Indenture dated
This action documents the issuance framework for long‑dated subordinated notes carrying a fixed coupon of
Timothy A. Welsh, a director of Xcel Energy (XEL), received 473.007 stock-equivalent units as part of his director retainer on 09/28/2025. The grant consists of 394.173 units issued in lieu of a quarterly cash retainer at an attributable price of $79.28 per unit and 78.834 units granted at no cost as a 20% premium on that retainer. Of the total, 99.85 units were acquired through reinvestment of dividend equivalents. Following the reported transaction, Mr. Welsh beneficially owns 13,479.333 shares or share-equivalents.
The units are payable in whole shares after termination of service, with fractional units payable in cash, and the Form 4 was submitted by an attorney-in-fact on behalf of the reporting person.
Patricia L. Kampling, a director of Xcel Energy Inc. (XEL), received 363.269 stock-equivalent units on 09/28/2025 as director compensation. Of those units, 302.725 were granted in lieu of a quarterly cash retainer at a referenced unit price of $79.28 and 60.544 were granted at no cost as a 20% premium on the retainer amount. The total includes 68.25 units from reinvested dividend equivalents. After the reported grant, the filing shows beneficial ownership of 21,088.135 shares or share-equivalents. The Form 4 was executed by an attorney-in-fact and dated 09/30/2025.
Xcel Energy (XEL) prospectus supplement excerpt describes unsecured notes that include an issuer option to defer interest payments for up to 40 consecutive quarterly Interest Payment Periods (an "Optional Deferral Period"). During any Optional Deferral Period deferred interest will accrue additional interest, compounded quarterly, at a rate shown in the prospectus supplement (rate not shown in this excerpt). If interest is deferred for U.S. federal income tax purposes the deferred interest is treated as original issue discount, meaning holders taxable on a net income basis must include deferred interest in income before receiving cash. The notes rank equally in right of payment with future unsecured indebtedness but are effectively subordinated to any secured debt and structurally subordinated to obligations of Xcel Energy's subsidiaries. As of June 30, 2025, Xcel Energy reported approximately $7.5 billion of outstanding Senior Indebtedness and its operating subsidiaries reported approximately $45.7 billion of indebtedness. The excerpt also contains interim financial line amounts and other offering mechanics and tax withholding rules for non-U.S. holders.
Xcel Energy Inc. and Public Service Company of Colorado report that settlement agreements in principle have been reached to resolve Marshall Fire-related claims from subrogation insurers, public entities and individual plaintiffs. PSCo expects to pay approximately $640 million, with about $350 million funded by remaining insurance coverage after legal costs. As a result, PSCo expects to record an approximately $290 million charge to earnings in the quarter ending September 30, 2025, which will be treated as a non-recurring adjustment when calculating 2025 ongoing earnings. The companies state that PSCo does not admit fault, wrongdoing or negligence in connection with these settlements and continues to dispute that its power lines caused the Marshall Fire. Xcel Energy Inc. reaffirms its 2025 ongoing earnings per share guidance of $3.75 to $3.85 on an ongoing, non-GAAP basis.
Michael G. Lamb, who is listed as a director and as EVP, Chief Delivery Officer of Xcel Energy Inc. (XEL), reported transactions dated 09/04/2025 on a Form 4 filed 09/05/2025. The filing shows a disposition of 24,508.444 shares of XEL common stock at $0 (coded as a gift) and a contemporaneous acquisition of 24,508.444 shares recorded as indirect ownership through the Michael G. Lamb Family Trust. Following the reported transactions, the form lists 7,474.12 shares as directly owned and 1,995.876 shares held in the Xcel Energy 401(k) Savings Plan (per a plan statement dated 08/29/2025). The filing includes an explanatory note that the shares were gifted to a revocable trust for the benefit of the reporting person’s wife. The Form 4 was signed by Kristin L. Westlund as attorney-in-fact.
T. Rowe Price Associates, Inc. reported beneficial ownership of 31,652,941 shares of Xcel Energy common stock, representing 5.5% of the class. The filing discloses sole voting power for 29,337,555 shares and sole dispositive power for 31,639,218 shares, showing the firm controls voting rights for most, but not all, of the shares it can dispose of.
The statement is reported on a Schedule 13G and includes a certification that the securities are held in the ordinary course of business and were not acquired to change or influence control of the issuer.
Xcel Energy's Wisconsin utility filed a multi-year rate case seeking $151 million in electric revenue and $24 million in natural gas revenue across 2026-2027, based on forward-looking test years with a requested 10.0% ROE and 53.5% equity ratio. The request reflects electric rate bases of $2.9 billion (2026) and $3.2 billion (2027) and natural gas rate bases of $0.3 billion (2026) and $0.4 billion (2027).
PSCW Staff and intervenors submitted direct testimony on August 8, 2025. PSCW Staff recommended lower increases — $115 million for electric and $21 million for natural gas — reflecting adjustments for capital investments, a modest ROE reduction to 9.7%, O&M and other items. The filing notes pending approval of two MISO LRTP transmission projects that affect capital adjustments and states a PSCW decision is anticipated late in the fourth quarter of 2025.
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