Company
Xcel Energy Inc.
Headquarters: Minneapolis, MN, United States
Founded: 1909
Employees: 11,321
CEO: Mr. Robert C. Frenzel
Market Cap
$29.31 Billion
USD as of July 1, 2024
Xcel Energy Inc. Categories
United States Utilities Utilities—Regulated ElectricUnited States Utilities United States Utilities—Regulated Electric
Company Description
Xcel Energy Inc. is an electric utility company. Through its subsidiaries, Xcel Energy operates coal, hydro, nuclear, and biomass power plants, serving more than 3.3 million electricity customers, and delivers natural gas to 1.8 customers in Minnesota, Michigan, Wisconsin, North Dakota, South Dakota, Colorado, Texas, and New Mexico.
Top Competitors by Market Capitalization
Industry: Utilities—Regulated Electric
| Company | Market Cap (USD) |
|---|---|
| NextEra Energy | $147.58 B |
| The Southern Company | $84.98 B |
| Duke Energy Corporation | $77.61 B |
| American Electric Power Company, Inc. | $46.31 B |
| PG&E Corporation | $44.66 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
| NextEra Energy | $147.58 B |
| China Yangtze Power Co. Ltd | $98.70 B |
| The Southern Company | $84.98 B |
| Iberdrola, SA | $79.29 B |
| Duke Energy Corporation | $77.61 B |
Detailed Description
Xcel Energy Inc., through its subsidiaries, generates, purchases, transmits, distributes, and sells electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through coal, nuclear, natural gas, hydroelectric, solar, biomass, oil, wood/refuse, and wind energy sources. It also purchases, transports, distributes, and sells natural gas to retail customers, as well as transports customer-owned natural gas. In addition, the company develops and leases natural gas pipelines, and storage and compression facilities; and invests in rental housing projects, as well as procures equipment for the construction of renewable generation facilities. It serves residential, commercial, and industrial customers in the portions of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas, and Wisconsin. The company sells electricity to approximately 3.7 million customers; and natural gas to approximately 2.1 million customers. Xcel Energy Inc. was incorporated in 1909 and is headquartered in Minneapolis, Minnesota.
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Stocks & Indices
Xcel Energy Inc. has the following listings and related stock indices.
Stock: NASDAQ: XEL wb_incandescent
Stock: BMV: XEL wb_incandescent
Stock: Bovespa: X1EL34 wb_incandescent
Stock: XETR: NRN wb_incandescent
Key People
Ben Fowke (Chairman, President, & CEO) Robert C. Frenzel (Executive VP & CFO) Jeffrey S. Savage (Senior VP & Controller)
Financials
Revenue: US$11.526 billion (Fiscal Year Ended 2020)
Operating income: US$2.116 billion (Fiscal Year Ended 2020)
Net income: US$1.473 billion (Fiscal Year Ended 2020)
Total assets: US$53.957 billion (Fiscal Year Ended 2020)
Total equity: US$14.575 billion (Fiscal Year Ended 2020)