Xcel Energy Inc (OQ:XEL)
Business Focus: Electric Utilities
| Sector: Utilities | Industry: Electric Utilities |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 414 Nicollet Mall MINNEAPOLIS MN 55401 |
| Tel: | 1-612-2154535 |
| Website: | https://www.xcelenergy.com |
| IR: | See website |
| Key People | ||
| Robert C. Frenzel Chairman of the Board, President, Chief Executive Officer | Frank P. Prager Senior Vice President - Strategy, Security, External Affairs and Chief Sustainability Officer | Brian J. Van Abel Chief Financial Officer, Executive Vice President |
| Robert S. Kenney President, Colorado | Adrian J. Rodriguez President, New Mexico and Texas | Timothy O'Connor Chief Operations Officer, Executive Vice President |
| Patricia Correa Chief Human Resources Officer, Senior Vice President | Rob Berntsen Executive Vice President, Chief Legal and Compliance Officer | Amanda Rome Executive Vice President and Group President - Utilities and Chief Customer Officer | Alice K. Jackson Senior Vice President - System Strategy and Chief Planning Officer |
| Business Overview |
| Xcel Energy Inc. is an electric and natural gas delivery company. The Company provides a comprehensive portfolio of energy-related products and services to approximately 3.8 million electric customers and 2.2 million natural gas customers through four utility subsidiaries, NSP-Minnesota, NSP-Wisconsin, PSCo and SPS. The Company operates through two segments. The Regulated Electric Utility segment generates, purchases, transmits, distributes and sells electricity in Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin. In addition, this segment includes sales for resale and provides wholesale transmission service to various entities in the United States. The Regulated Electric Utility segment also includes wholesale commodity and trading operations. The Regulated Natural Gas utility segment purchases, transports, stores, distributes and sells natural gas primarily in portions of Colorado, Michigan, Minnesota, North Dakota and Wisconsin. |
| Financial Overview |
| For the three months ended 31 March 2024, Xcel Energy Inc revenues decreased 11% to $3.65B. Net income increased 17% to $488M. Revenues reflect Regulated Natural Gas segment decrease of 27% to $941M, Regulated Electric segment decrease of 3% to $2.69B. Net income reflects Cost of natural gas sold and transported decrease of 43% to $483M (expense), Electric fuel and purchased power - Bala decrease of 16% to $890M (expense). |
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