Company

Xcel Energy Inc.

Headquarters: Minneapolis, MN, United States

Founded: 1909

Employees: 11,321

CEO: Mr. Robert C. Frenzel

show_chart NASDAQ: XEL +0.93%

Market Cap

$39.76 Billion

USD as of April 1, 2022

history Market Cap History

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.

Xcel Energy Inc. market capitalization over time

Evolution of Xcel Energy Inc. market cap in the past 5 years

Market capitalizations are calculated from the opening stock price at the beginning of each month.

history Market Cap History of Xcel Energy Inc.

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.

Wikipedia Introduction

Xcel Energy Inc. is an American utility holding company based in Minneapolis, Minnesota, serving more than 3.7 million electric customers and 2.1 million natural gas customers in Minnesota, Michigan, Wisconsin, North Dakota, South Dakota, Colorado, Texas, and New Mexico in 2019. It consists of four operating subsidiaries: Northern States Power-Minnesota, Northern States Power-Wisconsin, Public Service Company of Colorado, and Southwestern Public Service Co. In December 2018, Xcel Energy announced it would deliver 100 percent clean, carbon-free electricity by 2050, with an 80 percent carbon reduction by 2035 (from 2005 levels). This makes Xcel the first major US utility to set such a goal.

Source: Wikipedia, retrieved on March 31, 2022, 9:07 p.m.

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)

Details

Headquarters:

414 Nicollet Mall

Minneapolis, MN 55401

United States

Phone: 612-330-5500