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Xcel Energy XEL · USD

Utilities · Electric Utilities · US listing · 🇺🇸 United States

S&P 500Nasdaq-100

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80.17

+0.63%

Close of 9 Nov 2026, in USD

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About Xcel Energy

From its filings with the US Securities and Exchange Commission

SEC filings

Xcel Energy is based in Minneapolis, Minnesota and is incorporated in Minnesota. Its shares trade on Nasdaq under the ticker XEL. It is a member of the S&P 500 and Nasdaq-100. The SEC classifies its business as electric & other services combined. In the fiscal year to 31 December 2018, it reported revenue of $11.54bn. By business, Regulated Electric brought in 84.3% of revenue, followed by Regulated Natural Gas at 15.1% and All Other at 0.7%.

Read the filing on SEC.gov ↗

Company facts

Sector
Utilities
Industry
Electric Utilities
Listed since
28 Feb 1949
Employees
11,534
Head office
414 NICOLLET MALL, MINNEAPOLIS, MN, 55401
Incorporated in
MN
Classification
Electric & Other Services Combined
Filer status
Large accelerated filer

Leadership

Pay as last reported

  • Mr. Robert FrenzelChairman of the Board, President, Chief Executive Officer, since 2016$12.9m
  • Mr. Brian Van AbelChief Financial Officer, Executive Vice President$4.6m
  • Mr. Robert KenneyPresident, Colorado
  • Mr. Adrian RodriguezPresident, New Mexico and Texas
  • Ms. Patricia CorreaChief Human Resources Officer, Senior Vice President$2.5m
  • Mr. Michael LambExecutive Vice President, Chief Delivery Officer
  • Mr. Ryan LongExecutive Vice President, Chief Legal and Compliance Officer
  • Ms. Amanda RomeExecutive Vice President and Group President - Utilities and Chief Customer Officer$3.7m
  • Mr. Scott SharpExecutive Vice President, Chief Generation Officer
  • Mr. Todd WehnerVice President, Treasurer
  • Ms. Megan BurkhartIndependent Director$332,000
  • Ms. Lynn CaseyIndependent Director$320,000

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
74
Environment
73
Social
72
Governance
78
Direct emissions (scope 1)
32,660,000 t
Energy emissions (scope 2)
760,000 t
Value chain emissions (scope 3)
22,100,000 t
Women in the workforce
23%
Carbon reduction policy
Yes
Human rights policy
Yes

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • Leading market position: Xcel Energy Inc holds a dominant position in the energy sector, serving millions of customers across multiple states.
  • Diversified portfolio: The company operates in both regulated and non-regulated markets, providing a stable revenue stream from regulated operations while having opportunities for growth in non-regulated areas.
  • Strong infrastructure: Xcel Energy has a well-established and extensive infrastructure, including power plants, transmission lines, and distribution networks, ensuring reliable energy supply.

Weaknesses

  • Dependence on regulatory environment: As a regulated utility, Xcel Energy is subject to changes in regulations, which can impact the company's profitability and operational flexibility.
  • Environmental impact: The company heavily relies on fossil fuels for power generation, which poses long-term sustainability challenges and exposes Xcel Energy to potential environmental regulations.
  • Fluctuating energy prices: Changes in energy prices can affect Xcel Energy's financial performance, particularly if the company is unable to pass on increased costs to customers.

Opportunities

  • Renewable energy growth: Xcel Energy can capitalize on the increasing demand for clean energy by expanding its renewable energy portfolio, given the growing emphasis on sustainability and renewable targets.
  • Smart grid technology: The implementation of smart grid technology presents an opportunity for Xcel Energy to enhance operational efficiency, reduce costs, and improve customer service.
  • Expansion into new markets: The company can seek opportunities to expand its operations into new geographic areas, enabling Xcel Energy to diversify its customer base and increase market share.

Threats

  • Intense competition: Xcel Energy faces competition from other utility providers, renewable energy companies, and emerging technologies, which may challenge its market position and profitability.
  • Regulatory uncertainties: Changes in regulations or regulatory hiccups can create uncertainties and impact Xcel Energy's ability to effectively plan and execute its business strategies.
  • Economic downturns: A significant economic downturn can lead to reduced energy demand, lower customer retention, and financial challenges for Xcel Energy.

Sources and methodology

Data on this tab
Our data supplier
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