Xcel Energy (NasdaqGS:XEL) Q4 2025 Earnings call February 05, 2026 10:00 AM ET Company ParticipantsBob Frenzel - Chairman, President, and CEOBrian Van Abel - EVP and CFODiana Niles - Vice President in Equity Research Product ManagementRoopesh Aggarwal - VP of Investor RelationsSteven Lewis - SVP and Financial AdvisorConference Call ParticipantsBrian Rusel - AnalystCarly Davenport - VP and Equity Research AnalystNicholas Campanella - AnalystPaul Patterson - AnalystTravis Miller - Senior Equity Analyst , Ener ...

Xcel Energy (NasdaqGS:XEL) Q4 2025 Earnings call February 05, 2026 10:00 AM ET Company ParticipantsBob Frenzel - Chairman, President, and CEOBrian Van Abel - EVP and CFODiana Niles - Vice President in Equity Research Product ManagementRoopesh Aggarwal - VP of Investor RelationsConference Call ParticipantsBrian Rusel - AnalystCarly Davenport - VP and Equity Research AnalystNicholas Campanella - AnalystPaul Patterson - AnalystTravis Miller - Senior Equity Analyst , Energy and Utilities StrategistOperatorHello ...

Xcel Energy (NasdaqGS:XEL) Q4 2025 Earnings call February 05, 2026 10:00 AM ET Speaker2Hello and welcome to Xcel Energy 2025 year-end earnings conference call. My name is Jordan, and I'll be your coordinator for today's event. Please note this conference is being recorded, and for the duration of the call, your lines will be in listen-only mode. A question-and-answer session will follow the prepared remarks, and questions will only be taken from institutional investors and analysts. Reporters can contact me ...

Core Insights - Jet.AI Inc. is focused on high-performance GPU infrastructure and AI cloud services, with significant operational developments and strategic priorities for 2026 [1][40] - The company has approximately $9 million in cash and no debt, providing a stable platform for future projects [2] - Jet.AI is in the final stages of selling its aviation business to flyExclusive, which will result in shareholders owning two distinct securities: JTAI and FLYX [4][5] Financial Position - The company has a cash balance of approximately $9 million and no debt, allowing for operational flexibility [2] - The sale of the aviation business is expected to provide significant value, with an estimated $13.4 million return for shareholders based on the recent share price of flyExclusive [8] Strategic Projects - Jet.AI is investing in three data center projects in Manitoba and the Canadian Maritimes, with a potential total value of $300 million if all projects reach the powered-land stage [12][23] - The Manitoba project has a development potential of multi-hundred megawatts, with an implied value of $100 to $200 million for Jet.AI's 17.5% GP stake [30][27] - The Maritimes project is expected to support approximately 500 megawatts of capacity, with an implied value of approximately $88 million for Jet.AI's GP equity stake [35] Investment in AIIA - Jet.AI owns 49.5% of the sponsor entity of AI Infrastructure Acquisition Corp. (AIIA), representing its largest asset on a mark-to-market basis [9] - AIIA currently holds approximately $138 million in trust and has about fifteen months to complete a transaction [10] Future Financing and Growth - The company plans to pursue external financing through various tools, including a $50 million facility and a $250 million shelf registration [21] - The rapid expansion of the data center industry is reflected in public-market pricing, with significant valuations for hyperscale data center operators [22] Closing Remarks - The company emphasizes the importance of aligning with the growing demand for computing infrastructure and technological advancements in AI [39]

Core Insights - AI stocks, particularly those related to semiconductor companies like Nvidia, have seen significant growth, with Nvidia's data center revenue increasing by 66% and its stock price surging nearly 50% over the past year [1] - Prologis is positioned to capitalize on the AI megatrend by developing real estate for data centers, which is essential for housing AI technology [2] Company Overview - Prologis is one of the largest real estate investment trusts (REITs) globally, with a portfolio of approximately 5,900 buildings totaling 1.3 billion square feet across 20 countries [4] - The company has a substantial land bank that supports future growth, with the capacity for $42.6 billion in total future investments [5] Investment Opportunities - The global investment required for data centers is projected to reach $7 trillion by 2030, presenting a significant opportunity for Prologis [7] - Prologis is developing modern AI-enabled buildings tailored for large-scale data center operators, either by constructing new facilities or converting existing warehouses [7] Future Growth Potential - Prologis aims to build up to 10 GW of data center capacity over the next decade, necessitating an investment of $30 billion to $50 billion [8] - This investment could generate $7.5 billion to $25 billion in value for shareholders, with development yields for data centers ranging from 7.5% to 10%, compared to 6%-7% for warehouse developments [8]

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Arndt said net effective rent change was 44% for the quarter, contributing about $60 million of annualized NOI, and bringing net effective rent change for the year to more than 50%. He added that net effective lease mark-to-market ended at 18%, representing nearly $800 million of embedded NOI “yet to be realized without any increase in market rents.”On an own-and-manage basis, average occupancy was 95.3% for the quarter and 95% for the full year, with period-end occupancy at 95.8%. Arndt attributed results ...

Core Insights - TeraWulf secured regulatory approval for its Lake Cayuga site, allowing the conversion of a former coal plant into a data center, resolving a zoning dispute that had previously stalled its plans [1][4] Group 1: Regulatory Approval - The Town of Lansing voted 3-2 to classify TeraWulf's facility as "general processing," enabling the company to proceed without further rezoning or variances [2] - Previous attempts to classify the site as a scientific research laboratory and a warehouse were rejected [2][3] Group 2: Impact on Company Operations - The approval resolves a core zoning dispute that has negatively impacted sentiment in recent months, allowing TeraWulf to advance planning and design for the site [4] - The company targets a capacity of 138 megawatts at the Lake Cayuga location by the end of 2026, with long-term plans for 400 megawatts by the end of 2027 [4] Group 3: Financial Developments - TeraWulf recently announced the pricing of $1.275 billion in senior secured notes due in 2030, issued through its Flash Compute joint venture with Fluidstack [5]

Group 1 - Michigan regulators approved DTE Energy's request to power a large data center development by Oracle and OpenAI, despite public opposition [1][2] - DTE's plan involves a multi-billion dollar, 1.4-gigawatt facility in Saline Township, with contracts designed to protect the power grid and ensure financial stability for DTE's other customers [2][4] - The rapid expansion of data centers in the US is causing significant changes in the energy industry, leading to increased scrutiny and controversy over their energy consumption [3][5] Group 2 - The agreement between DTE and Oracle includes minimum monthly charges and a termination fee, with Oracle contributing to a $14 billion debt deal for the project [4] - Analysts noted that the regulatory process surrounding data centers is contentious, and there is a risk of public opposition affecting future projects [5] - OpenAI's Stargate campus in Saline Township is part of a larger plan for 8 gigawatts of capacity in the US, with over $450 billion in investments planned over the next three years [5]

Core Insights - Executives presented plans at a gathering that is anticipated to include President Trump [1] Group 1 - The event is significant as it features high-profile attendees, including the President, which may indicate the importance of the plans being discussed [1]