Here are the 8-K filings from Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085 (XELLL) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
An 8-K covers material events a company has to report between its quarterly reports, so if you follow XELLL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full XELLL filings page.
Xcel Energy priced a private offering of $2,200,000,000 aggregate principal amount of 2.625% convertible senior notes due 2027, up from the previously announced $2,000,000,000. Initial purchasers may buy up to another $300,000,000 during a 13-day period beginning when the notes are first issued. The sale is expected to close November 5, 2026, subject to customary closing conditions. Expected net proceeds are approximately $2,178,500,000, or $2,476,250,000 if the option is exercised in full; Xcel Energy intends to use proceeds to repay short-term borrowings and for general corporate purposes.
The notes are senior unsecured obligations, bear 2.625% annual interest payable semiannually beginning June 15, 2027, and mature December 15, 2027, unless earlier converted or repurchased. The initial conversion rate is 11.4596 common shares per $1,000 principal amount, equivalent to an approximately $87.26 conversion price. Before September 15, 2027, conversion is available only upon certain conditions and during certain periods; from that date, holders may convert until the close of business on the second scheduled trading day before maturity. Subject to conditions, holders may require cash repurchase at 100% of principal following a fundamental change.
Xcel Energy Inc. (XEL) intends to offer $2 billion in aggregate principal amount of convertible senior notes due 2027 in a private placement, subject to market and other conditions. The company expects to grant the initial purchasers an option to buy up to an additional $300 million, for settlement within a 13-day period beginning on and including the date the notes are first issued.
Xcel Energy intends to use the proceeds to repay short-term borrowings, including portions of its commercial paper borrowings and borrowings under its 364-day delayed draw term loan agreement, and for other general corporate purposes. The notes will be senior unsecured obligations, with interest payable semiannually in arrears. Holders may convert them upon satisfaction of certain conditions and during certain periods; Xcel Energy will pay cash up to the principal amount converted and may settle any excess conversion obligation in cash, common shares, or a combination. Final terms, including the initial conversion price and interest rate, will be determined at pricing.
Xcel Energy Inc. (XEL) entered into an equity distribution agreement under which it may offer and sell common stock with an aggregate gross sales price of up to $6,000,000,000 through sales agents and forward sellers. Xcel Energy will pay sales agents commissions of up to 1.00% on shares sold through them as agents.
The agreement also permits initially priced and collared forward transactions. Xcel Energy expects proceeds from physical settlement of initially priced forwards; cash or net-share settlement may yield no proceeds and may require the company to pay cash or deliver shares. The May 1, 2026 agreement was terminated with shares having approximately $448.6 million in aggregate offering price unsold. Forward-sale agreements under it covering shares with an aggregate offering price of approximately $3.8 billion remain outstanding after its termination. Shares with an aggregate offering price of approximately $2.2 billion are subject to outstanding forward-sale agreements entered under an August 1, 2025 agreement, which was terminated before the May 2026 agreement.
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.
Xcel Energy Inc. held its 2026 Annual Meeting of Shareholders on May 20, 2026. Shareholders elected all ten board nominees, each receiving over 495 million votes in favor with additional broker non-votes recorded.
Investors also approved on an advisory basis the company’s executive compensation, with 463,774,474 votes for, 48,813,045 against, and 2,233,719 abstentions. They further ratified Deloitte & Touche LLP as independent registered public accounting firm for 2026, with 542,538,119 votes for, 19,035,065 against, and 650,636 abstentions.
Xcel Energy Inc. entered into an equity distribution agreement allowing it to offer and sell shares of common stock with an aggregate gross sales price of up to $4,300,000,000 through sales agents and forward transactions. This structure includes traditional at-the-market offerings, “Initially Priced Forward Transactions,” and “Collared Forward Transactions.”
Sales may occur on Nasdaq or through other permitted methods, with sales agent and forward seller commissions of up to 1.00% of the sales price. All shares are registered under an existing Form S-3 shelf registration and a new prospectus supplement dated May 1, 2026.
Xcel Energy Inc. disclosed that it issued $800,000,000 in aggregate principal amount of 5.75% Fixed-to-Fixed Reset Rate Junior Subordinated Notes, Series due 2056. The notes were sold under an existing shelf registration on Form S-3 and an underwriting agreement dated February 26, 2026.
The notes are governed by a Junior Subordinated Indenture dated October 1, 2025 and Supplemental Indenture No. 2 dated March 3, 2026, with U.S. Bank Trust Company, National Association, as trustee. This report mainly files the supplemental indenture and related legal and tax opinions as exhibits.
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.