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.
Xcel Energy Inc. filings document the regulatory record of a public utility holding company and its electric and natural gas utility subsidiaries. The filings cover operating and financial results, common stock and registered note securities, subsidiary registrants including Northern States Power, Public Service Company of Colorado and Southwestern Public Service Company, and material events reported on Form 8-K.
Company disclosures include proxy materials for annual shareholder voting, board and committee governance, executive compensation matters, debt and liquidity arrangements, equity distribution programs, junior subordinated notes, first mortgage bond transactions and other capital-structure activity. The record also identifies Nasdaq-listed securities under XEL and XELLL and provides formal disclosures tied to utility operations, financing, governance and risk oversight.
Public Service Company of Colorado, a subsidiary of Xcel Energy, outlines the status of its natural gas rate case filed with the Colorado Public Utilities Commission. The company requested a $190 million revenue increase, or 11.6%, based on a 10.75% return on equity, a 55% equity ratio and a projected $4.7 billion 2025 test-year rate base.
Testimony from CPUC Staff and the Colorado Office of the Utility Consumer Advocate proposes significant downward adjustments. CPUC Staff adjustments would reduce the requested increase to a $15 million decrease in revenue, or an $85 million increase when excluding largely earnings-neutral depreciation changes. UCA proposals would support an $86 million increase.
The filing lists proposed ROEs of 8.50% (CPUC Staff) and 9.20% (UCA) with equity ratios of 52.5% and 50.0%, respectively. Key dates include rebuttal testimony on July 2, 2026, a settlement deadline on July 8, 2026, hearings from July 23–31, 2026, and an anticipated CPUC decision with new rates implemented in the fourth quarter of 2026.
Xcel Energy’s Colorado utility, PSCo, has reached a comprehensive non-unanimous settlement in its 2025 electric rate case with state regulators and other parties. PSCo originally sought a $356 million (9.9%) revenue increase, or $526 million including rider roll-ins, based on a 9.8% ROE, 55% equity ratio and a projected 2025 test-year rate base of $13 billion.
The settlement instead provides a $225 million (6.3%) revenue increase excluding rider roll-ins, using a 2025 historic test year with limited forward-looking adjustments, a 9.3% ROE and 54.5% equity ratio. It also includes a performance framework for the Comanche Unit 3 coal facility through 2029, transfers prior transmission investments into rate base, and continues existing trackers and deferrals. Hearings are scheduled for June 2026, with a CPUC decision and final rates anticipated in the third quarter of 2026. Xcel Energy reaffirmed its 2026 ongoing earnings per share guidance of $4.04 to $4.16.
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.
Welsh Timothy A reported acquisition or exercise transactions in this Form 4 filing.
Xcel Energy Inc. director Timothy A. Welsh received a grant of 2,253.944 stock equivalent units of common stock. These units are economically equivalent to shares and are generally settled in common stock after his board service ends, with fractional units paid in cash. The grant includes 104.31 units from reinvested dividend equivalents, bringing his directly held stock equivalent units to 17,018.469 following the award.
KAMPLING PATRICIA L reported acquisition or exercise transactions in this Form 4 filing.
XCEL ENERGY INC director Patricia L. Kampling received a compensatory stock award of 2,253.944 common shares-equivalent. The award was reported at a price of $0.00 per share, indicating it was a grant rather than an open-market purchase. After this award, she directly holds 24,550.638 common shares-equivalent, including stock equivalent units that mirror the value of common stock. A portion of these stock equivalent units was accumulated through the reinvestment of dividend equivalents, and whole units are payable in common shares after she leaves the board.
XCEL ENERGY INC director Lynn Casey reported a grant of 2,253.944 stock equivalent units of Common Stock. The award was recorded at a price of $0.0000 per unit, reflecting a compensation-related grant rather than an open-market purchase or sale.
Each stock equivalent unit is the economic equivalent of one share of common stock and is payable in shares after the director’s service ends, with fractional units paid in cash. The reported amount includes 1.06 stock equivalent units and 292.329 shares acquired through reinvested dividend equivalents. Following this grant, Casey directly holds 43,123.290 shares or equivalent units.
Johnson Netha N. reported acquisition or exercise transactions in this Form 4 filing.
XCEL ENERGY INC director Netha N. Johnson received an award of 2,253.944 stock equivalent units tied to common stock. The grant was recorded at $0.00 per unit and brings the director’s direct holdings to 19,339.585 stock equivalent units.
According to the footnotes, each stock equivalent unit is economically equal to one share of common stock and will be settled after the director’s service ends, in shares for whole units and cash for fractional units. The grant includes 486.951 units accumulated through the reinvestment of dividend equivalents.
XCEL ENERGY INC director Maria Demaree Hutchinson reported a stock award that increased her direct holdings. She acquired 2,253.944 shares of common stock at no cost as a grant or award, bringing her direct position to 3,234.051 shares. This total includes 563.944 stock equivalent units, which are economically equal to common shares and are generally settled in stock after her board service ends, with fractional units paid in cash. The holdings also include 3.645 additional stock equivalent units that came from reinvested dividend equivalents.
XCEL ENERGY INC director Devin W. Stockfish received an equity award in the form of stock equivalent units. On 2026-05-21, he was granted 2,253.944 stock equivalent units, bringing his direct holdings to 7,798.052 stock equivalent units.
Each stock equivalent unit is the economic equivalent of one share of common stock and will be settled in common shares (with fractional units in cash) after his service as a director ends. The holdings include 99.248 stock equivalent units acquired through the reinvestment of dividend equivalents, making this a non-cash, compensation-related increase rather than an open-market purchase.