Xcel Energy Inc - Company Profile
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Xcel Energy Inc (Xcel Energy) is an energy holding company. Through its subsidiaries, it has a presence in the entire energy vertical, including generation, procurement, transmission, distribution, and resale of electricity. The company produces electric energy using coal, nuclear, natural gas, wind, hydro, biomass, and solar sources. Xcel Energy also transports, stores, distributes, and resells natural gas. It procures natural gas from independent suppliers, based on market indices. Xcel Energy also provides home appliance repair, maintenance, and replacement services. The company serves residential, commercial, and industrial customers in South Dakota, Michigan, Minnesota, Colorado, North Dakota, New Mexico, Texas, and Wisconsin. Xcel Energy is headquartered in Minneapolis, Minnesota, the US.
Headquarters
United States of America
Address
414 Nicollet Mall, Minneapolis, Minnesota, 55401
Website
mn.my.xcelenergy.com/s
Telephone
1 612 3305500
No of Employees
11,534
Industry
Alternative Energy
Ticker Symbol & Exchange
XEL (NASD)
Revenue (2024)
$14.7B
9.1%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
4.2%
(2024 vs 2023)
Market Cap*
$49.9B
Net Profit Margin (2024)
XYZ
-4.4%
(2024 vs 2023)
* As of and is in US$
Xcel Energy Inc premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Natural Gas | Transmission | Xcel Energy |
| Electricity | Distribution services | |
| Storage services | ||
| XYZ | ||
| XYZ | ||
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Contracts/Agreements | In February, the company signed an agreement with Google to power its new data center in Pine Island, Minnesota, the US. |
| 2026 | Contracts/Agreements | In February, the company expanded its offtake agreement with Avangrid to produce electricity at Avangrid’s MinnDakota energy project. |
| 2026 | Contracts/Agreements | In January, the company signed a partnership with Rocky Mountain PBS to aware, inform and support Colorado communities on wildfire mitigation and preparedness. |
Competitor Comparison
| Key Parameters | Xcel Energy Inc | Duke Energy Corp | Southern Co | NextEra Energy Inc | PG&E Corp |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Minneapolis | Charlotte | Atlanta | Juno Beach | Oakland |
| State/Province | Minnesota | North Carolina | Georgia | Florida | California |
| No. of Employees | 11,534 | 26,441 | 29,800 | 17,400 | 10 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Robert C. Frenzel | Chairman; Chief Executive Officer; President | Executive Board | 2021 | 54 |
| Brian J. Van Abel | Chief Financial Officer; Executive Vice President | Senior Management | 2020 | 43 |
| Timothy O’Connor | Chief Operating Officer; Executive Vice President | Senior Management | 2020 | 65 |
| Rob Cain | Chief Technology Officer; Senior Vice President | Senior Management | 2026 | - |
| Rob Clark | Chief Communications Officer; Senior Vice President | Senior Management | 2024 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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