Xcel Energy Inc
- Industry
- Electric Utilities
- Exchange
- US
- Country
- USA
- IPO date
- Sep 24, 1985
- Employees
- 11,534
- Website
- www.my.xcelenergy.com/s
Data from EODHD, shown in the reporting currency; for reference only, not investment advice.
Xcel Energy Inc., through its subsidiaries, operates as an electric and natural gas delivery company in the United States. It operates through Regulated Electric Utility and Regulated Natural Gas Utility segments. The company generates, purchases, transmits, distributes, and sells electricity through its energy portfolio, including wind, nuclear, hydroelectric, biomass, and solar power from both owned generation facilities and PPAs, as well as its fossil fuel energy portfolio, such as coal and natural gas; sale and resale of wholesale transmission service; and engages in wholesale commodity and trading operations. It also purchases, transports, stores, distributes, and sells natural gas; develops and leases natural gas pipelines and storage facilities; operates interstate natural gas pipeline; and invests in rental housing projects, energy technology companies, and community solar garden nonregulated assets. It serves electric and natural gas customers in portions of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas, and Wisconsin. The company was formerly known as Northern States Power company. Xcel Energy Inc. was incorporated in 1909 and is headquartered in Minneapolis, Minnesota.
History
Xcel Energy Inc. was incorporated in 1909 and is headquartered in Minneapolis, Minnesota; it was formerly known as Northern States Power company. The company's IPO date was 1985-09-24. It operates as an electric and natural gas delivery company in the United States through its subsidiaries, conducting business in regions including Minnesota, Colorado, Wisconsin, Michigan, Texas, and New Mexico via four core regulated utility subsidiaries.
Industry position
Xcel Energy is a regulated electric and natural gas utility holding company operating through Regulated Electric Utility and Regulated Natural Gas Utility segments, serving roughly 3.9 million electric customers and 2.2 million natural gas customers across portions of eight U.S. states. In 2025 it disclosed about $15 billion in annual revenue, with electricity revenue of $12.160 billion and natural gas revenue of $2.452 billion, and its renewable energy portfolio was about 13,999MW. It generates power from wind, nuclear, hydroelectric, biomass, solar, coal, and natural gas, and at the national capital-market level competes with large utilities such as NextEra, Southern, Dominion, and Duke. It employs 11,534 people.