2023 THIRD QUARTER EARNINGS REPORT PRESENTATION OCTOBER 27, 2023 Safe Harbor Except for the historical statements contained in this presentation, the matters discussed herein are forward-looking statements that are subject to certain risks, uncertainties and assumptions. Such forward-looking statements, including those relating to 2023 and 2024 EPS guidance, long-term EPS and dividend growth rate objectives, future sales, future expenses, future tax rates, future operating performance, estimated base capita ...

Xcel Energy, Inc. (NASDAQ:XEL) Q2 2023 Earnings Conference Call July 27, 2023 10:00 AM ET Company Participants Paul Johnson - Vice President, Treasurer and Investor Relations Robert Frenzel - Chairman, President and Chief Executive Officer Brian Van Abel - Executive Vice President and Chief Financial Officer Conference Call Participants Jeremy Tonet - JPMorgan Durgesh Chopra - Evercore ISI Julien Dumoulin-Smith - Bank of America Anthony Crowdell - Mizuho Securities Sophie Karp - KeyBanc Capital Markets Carl ...

Financial Performance - Total operating revenues for Q2 2023 were $3,022 million, a decrease of 11.7% compared to $3,424 million in Q2 2022[17]. - Net income for Q2 2023 was $288 million, down 12.2% from $328 million in Q2 2022[19]. - Earnings per share (EPS) for Q2 2023 were $0.52, a decrease from $0.60 in Q2 2022[17]. - Comprehensive income for Q2 2023 was $303 million, down from $341 million in Q2 2022[19]. - Net income for the six months ended June 30, 2023, was $706 million, slightly down from $708 million in the same period of 2022[21]. - Xcel Energy's total retail revenue for the six months ended June 30, 2023, was $5,987 million, compared to $5,820 million for the same period in 2022, showing an increase of about 2.9%[46]. - The diluted earnings per share (EPS) for Q2 2023 was $0.52, down from $0.60 in Q2 2022, primarily due to unfavorable weather and increased operational costs[159]. - Year-to-date earnings for PSCo remained flat, while NSP-Minnesota saw an increase of $0.03 per share driven by electric infrastructure investments[160]. Revenue Breakdown - Electric operating revenues decreased to $2,601 million in Q2 2023 from $2,923 million in Q2 2022, a decline of 11%[17]. - Natural gas operating revenues also fell to $393 million in Q2 2023 from $476 million in Q2 2022, a decrease of 17.4%[17]. - Revenue from residential customers for the three months ended June 30, 2023, was $748 million, down from $797 million in the same period of 2022, indicating a decline of about 6.1%[43]. - Natural gas revenues for Q2 2023 were $393 million, a decrease of 17.4% from $476 million in Q2 2022; year-to-date revenues increased to $1,681 million from $1,566 million, a growth of 7.3%[183]. Operating Expenses - Total operating expenses for Q2 2023 were $2,604 million, down 11.9% from $2,955 million in Q2 2022[17]. - O&M expenses increased by $14 million in Q2 2023 and $62 million year-to-date, primarily due to planned generation outages and inflationary pressures[186]. - Depreciation and amortization decreased by $73 million in Q2 2023, largely due to previously deferred depreciation costs related to the Texas Electric Rate Case[187]. - Interest charges increased by $21 million in Q2 2023 and $60 million year-to-date, primarily due to higher interest rates and increased long-term debt levels[190]. Assets and Liabilities - Total assets as of June 30, 2023, were $61,658 million, a slight increase from $61,188 million at the end of 2022[23]. - Long-term debt increased to $24,015 million as of June 30, 2023, compared to $22,813 million at the end of 2022[23]. - The fair value of Xcel Energy's long-term debt was estimated at $21.855 billion, compared to a carrying amount of $25.066 billion[92]. - The total current derivative assets amounted to $348 million as of June 30, 2023, while total current derivative liabilities were $185 million[90]. Cash Flow - Net cash provided by operating activities increased to $2,455 million in 2023 from $1,988 million in 2022, representing a growth of approximately 23.5%[21]. - Cash and cash equivalents rose to $275 million at the end of June 2023, compared to $111 million at the beginning of the period[23]. - The company experienced a net change in cash of $164 million for the six months ended June 30, 2023, compared to a net change of $169 million in the same period of 2022[21]. Capital Expenditures - Capital expenditures for the six months ended June 30, 2023, were $2,599 million, up from $2,040 million in 2022, indicating a 27.5% increase[21]. - Estimated capital expenditures of approximately $50 million may be required to comply with federal Clean Water Act requirements, anticipated to be recoverable through regulatory mechanisms[127]. Regulatory and Legal Matters - Xcel Energy is involved in various litigation matters, including a case related to the Comanche Unit 3, where damages estimated by CORE are $270 million[99]. - The Minnesota Public Utilities Commission (MPUC) is expected to make a final decision regarding NSP-Minnesota's prudence in connection with the Sherco Unit 3 outage in mid-2024, with a potential refund of $58 million to $72 million being discussed[115]. - Xcel Energy disputes claims that its power lines caused the second ignition of the Marshall Fire, as no design or maintenance defects were identified[110]. Market Challenges - The company anticipates continued challenges in the energy market, impacting future revenue and operational performance[14]. - The financial impacts of the EPA's final regulations under the Clean Air Act are uncertain, but Xcel Energy anticipates significant annual costs that would be recoverable through regulatory mechanisms[131]. Miscellaneous - The company recognized net congestion costs, including the impact of financial transmission rights (FTR) settlements, as regulatory assets or liabilities[62]. - Xcel Energy's capacity under long-term power purchase agreements (PPAs) was approximately 4,053 MW as of June 30, 2023, up from 3,961 MW at the end of 2022[139].

Xcel Energy Inc. (NASDAQ:XEL) Q1 2023 Results Conference Call April 27, 2023 10:00 AM ET Company Participants Paul Johnson - VP, IR and Treasurer Bob Frenzel - President, CEO and Chairman Brian Van Abel - EVP and CFO Conference Call Participants Julien Dumoulin-Smith - Bank of America Durgesh Chopra - Evercore ISI David Arcaro - Morgan Stanley Jeremy Tonet - JPMorgan Sophie Karp - KeyBanc Ryan Levine - Citigroup Paul Patterson - Glenrock Associates Operator Hello, and welcome to the Xcel Energy First Quarte ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-3034 Xcel Energy Inc. (Exact Name of Registrant as Specified in its Charter) (State or Other Jurisdiction of Incorporation or O ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ 001-3034 (Commission File Number) Xcel Energy Inc. (Exact name of registrant as specified in its charter) Minnesota 41-0448030 (State or Other Juris ...

Xcel Energy Inc. (NASDAQ:XEL) Q4 2022 Earnings Conference Call January 26, 2023 10:00 AM ET Company Participants Paul Johnson - VP, IR and Treasurer Bob Frenzel - President, CEO and Chairman Brian Van Abel - EVP and CFO Christopher Clark - President, Minnesota and South Dakota Conference Call Participants Nick Campanella - Credit Suisse David Arcaro - Morgan Stanley Julien Dumoulin-Smith - Bank of America Travis Miller - Morningstar Paul Patterson - Glenrock Associates Anthony Crowdell - Mizuho Operator Goo ...

ESSENTIAL EEI Financial Conference November 13-15, 2022 Safe Harbor Except for the historical statements contained in this presentation, the matters discussed herein are forward-looking statements that are subject to certain risks, uncertainties and assumptions. Such forward-looking statements, including those relating to 2022 and 2023 EPS guidance, long-term EPS and dividend growth rate objectives, future sales, future expenses, future tax rates, future operating performance, estimated base capital expendi ...

ESSENTIAL Wells Fargo Conference December 8, 2022 Safe Harbor Except for the historical statements contained in this presentation, the matters discussed herein are forward-looking statements that are subject to certain risks, uncertainties and assumptions. Such forward-looking statements, including those relating to 2022 and 2023 EPS guidance, long-term EPS and dividend growth rate objectives, future sales, future expenses, future tax rates, future operating performance, estimated base capital expenditures ...

Xcel Energy, Inc. (NASDAQ:XEL) Q3 2022 Results Conference Call October 27, 2022 10:00 AM ET Company Participants Paul Johnson - VP, IR & Treasurer Bob Frenzel - President, CEO & Chairman Brian Van Abel - EVP, CFO & Principal Accounting Officer Conference Call Participants Nicholas Campanella - Credit Suisse David Arcaro - Morgan Stanley Jeremy Tonet - JPMorgan Durgesh Chopra - Evercore Ross Flower - UBS Steve Fleishman - Wolf Research Sophie Karp - KeyBanc Julian Dumoulin-Smith - Bank of America Ryan Levine ...