XCEL ENERGY INC (XELLL) 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. reported higher Q2 2026 results, with GAAP and ongoing diluted EPS of $0.93 versus $0.75 a year earlier and net income of $586 million versus $444 million. Total operating revenues were $3,119 million, down from $3,287 million, as lower fuel and purchased power costs were largely passed through to customers.

The EPS increase was driven mainly by higher recovery of electric infrastructure investments, lower fuel expense and higher AFUDC, partly offset by higher interest charges and lower electric and natural gas revenues. Year-to-date diluted GAAP EPS rose to $1.82 and ongoing EPS to $1.84, both up from $1.59. Xcel Energy reaffirmed 2026 ongoing EPS guidance of $4.04–$4.16 per share, assuming constructive regulatory outcomes, normal weather, higher capital rider revenue, and increases in O&M, depreciation, property taxes and interest expense.

At June 30, 2026, total debt was $39,457 million (62% of $63,514 million capitalization), with common equity of $24,057 million, and total liquidity of $4,694 million from credit facilities and cash. Xcel Energy estimates total losses and costs of $503 million related to the Smokehouse Creek Fire Complex, including a $460 million total estimated loss and approximately $80 million of remaining insurance coverage, and recorded a separate net $19 million credit from increased Marshall Wildfire insurance recoveries. The company also highlighted key rate case developments and an agreement to serve a new Google data center in Minnesota that is expected to provide approximately $1.1 billion of customer benefits if approved.

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.

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.