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 Chairman, President and CEO Robert Frenzel reported equity award activity involving company stock. On February 24, 2026, 28,392.65 restricted stock units were converted into common shares, reflecting settlement of performance share unit awards for the 2023–2025 period and related dividend equivalents. He also acquired a separate grant of 97,065 common shares, both at a stated price of $0.00 because they were awards, not market purchases. To cover tax obligations on these vested awards, 57,195.65 shares of common stock were withheld at $83.35 per share. After these transactions, Frenzel directly owned 470,532.261 common shares of Xcel Energy.
Xcel Energy Inc. registers 7,484,917 shares of its common stock for issuance under its amended Dividend Reinvestment and Stock Purchase Plan (the "Plan") dated February 26, 2026. The prospectus describes Plan mechanics including dividend reinvestment, optional cash investments (minimums, maximums), pricing rules for shares purchased from the Company (average of the high and low Nasdaq price on the last trading day before an investment date) and for shares purchased in the open market (weighted average price paid by the Plan Administrator), and that the Company will receive proceeds only from shares it issues directly under the Plan.
The prospectus sets participant terms: optional cash investments from $25 up to $25,000 per month (with an initial minimum of $250 for new investors unless enrolling via recurring investments), enrollment and fee schedules, mechanics for purchases/sales (including Batch, Market, Limit, GTD/GTC and Stop orders), and administrative roles of Equiniti Trust Company, LLC as Plan Administrator and transfer agent.
Xcel Energy filed a preliminary prospectus supplement subject to completion to offer a series of fixed-to-fixed reset rate junior subordinated notes due December 3, 2056. The notes bear an initial fixed rate until the First Reset Date (December 3, 2031), then reset every five years by reference to the Five-Year U.S. Treasury Rate plus a spread, with a floor equal to the initial rate.
The notes pay interest semiannually on June 3 and December 3, beginning June 3, 2026, may be deferred by the issuer for up to 20 consecutive semi-annual Interest Payment Periods per election, and are subordinated to Xcel Energy’s Senior Indebtedness. The offering is a new issue with no listing planned and proceeds are intended to repay short-term borrowings, including commercial paper.
Xcel Energy Inc. presents an overview of its regulated electric and natural gas business, serving 3.9 million electric and 2.2 million natural gas customers across eight states with total assets of $81.4 billion.
The company highlights a five-year capital plan of $60 billion focused on transmission, distribution, reliability and clean energy, including about 11,000 MW of wind capacity and major solar projects like Sherco Solar. Through 2025, carbon emissions from generation are down an estimated 58% from 2005, and Xcel remains committed to zero-carbon electricity and net‑zero natural gas service by 2050.
Xcel notes a long record of meeting or exceeding ongoing EPS guidance for 21 consecutive years and delivering 23 straight years of dividend growth, while detailing extensive ESG initiatives, wildfire mitigation efforts, workforce diversity data and a broad set of operational, financial, regulatory, climate and cybersecurity risks that could affect future performance.
Xcel Energy Inc. filed a Form 8-K to report that it released its earnings results for the fourth quarter of 2025. The earnings information was made available on February 5, 2026 and is provided in an Earnings Release furnished as Exhibit 99.01.
The filing is a standard current report under Item 2.02 for results of operations and financial condition and does not itself include detailed financial figures, which are contained in the referenced exhibit.
Xcel Energy Inc. entered into a new $1.5 billion 364-day unsecured delayed draw term loan facility with a syndicate of lenders, with U.S. Bank National Association as administrative agent. On the same date, Xcel Energy borrowed $750 million under this facility to support general corporate operations and other general corporate purposes.
The loan matures on January 30, 2027 and bears interest at either a Term SOFR-based rate plus an 85 basis point margin or an alternate base rate. The agreement includes one key financial covenant requiring Xcel Energy’s consolidated funded debt to total capitalization ratio to be no more than 70 percent, along with standard restrictions on mergers, asset sales, and liens. The facility can be accelerated upon various events of default, including cross-defaults and certain large monetary judgments.
Xcel Energy Inc. director reports stock acquisition
A director of Xcel Energy Inc. reported acquiring 976.462 shares of common stock on 12/17/2025, recorded at a price of $0 per share. After this transaction, the director beneficially owns a total of 976.462 common shares held directly.
The holding includes 244.462 stock equivalent units, each economically equal to one share of common stock. Whole stock equivalent units are payable in shares of common stock after the director’s service ends, while fractional units are settled in cash at that time.
XCEL ENERGY INCno non-derivative securities beneficially owned and no derivative securities, such as options or warrants, listed as of the reported date of 12/17/2025. The form is filed for a single reporting person and notes a power of attorney authorizing Kristin L. Westlund to sign on her behalf.
Xcel Energy Inc. reported that its Board of Directors elected Maria Demaree, 57, as a new director effective December 17, 2025. She will serve on the Audit Committee and the Operations, Nuclear, Environmental and Safety Committee, and the Board determined she meets the independence requirements of the Nasdaq Stock Market and Xcel Energy’s own standards. With her election, the Board increased its size from 11 to 12 directors under the company’s bylaws.
Demaree is currently Senior Vice President, Enterprise Business and Digital Transformation and Chief Information Officer at Lockheed Martin Corporation, where she has held numerous leadership roles since 1990. Her compensation will match that of other non‑employee directors, prorated from the start of her service until the 2026 Annual Meeting of Shareholders. The company stated there are no related person transactions or familial relationships involving Demaree that require disclosure.
Xcel Energy Inc. executive Michael G. Lamb, EVP and Chief Delivery Officer, reported an indirect transaction in the company’s common stock. On 12/16/2025, a transaction coded “G” in Table I shows that 700 shares of common stock held by the Michael G. Lamb Family Trust were disposed of at a price of $0 per share.
Following this transaction, the filing shows 23,808.444 shares of Xcel Energy common stock beneficially owned indirectly through the family trust. It also reports 2,009.271 shares held indirectly in the Xcel Energy Stock Fund under the Xcel Energy 401(k) Savings Plan, based on a plan statement dated December 10, 2025.