Xcel Energy Files 8-K

TL;DR

Xcel Energy (XEL) filed an 8-K on 9/24 for events on 9/23.

AI Summary

Xcel Energy Inc. filed an 8-K on September 24, 2025, reporting other events and financial statements/exhibits. The filing pertains to both Xcel Energy Inc. (Central Index Key: 0000072903) and its subsidiary Public Service Co. of Colorado (Central Index Key: 0000081018). The report date is September 23, 2025.

Why It Matters

This 8-K filing indicates that Xcel Energy Inc. and its subsidiary Public Service Co. of Colorado are providing updates on their corporate activities and financial reporting to the SEC.

Risk Assessment

Risk Level: low — This is a routine filing reporting events and financial statements, not indicating any immediate financial distress or significant operational changes.

Key Players & Entities

• XCEL ENERGY INC (company) — Filer
• PUBLIC SERVICE CO OF COLORADO (company) — Subsidiary Filer
• 0000072903 (company) — Central Index Key for Xcel Energy Inc.
• 0000081018 (company) — Central Index Key for Public Service Co. of Colorado
• 20250924 (date) — Filing Date
• 20250923 (date) — Report Date

FAQ

Key Financial Figures

• $2.50 — ange on which registered Common Stock, $2.50 par value per share XEL Nasdaq Stock Ma
• $640 million — iffs. PSCo expects to pay approximately $640 million related to these settlements, with appr
• $350 million — o these settlements, with approximately $350 million funded by remaining insurance coverage
• $290 million — o expects to recognize an approximately $290 million charge to earnings as a result of these
• $3.75 — ng earnings per share (EPS) guidance of $3.75 to $3.85 per share. (a) (a) Ongoing e
• $3.85 — gs per share (EPS) guidance of $3.75 to $3.85 per share. (a) (a) Ongoing earnings a

Filing Documents

• xel-20250923.htm (8-K) — 36KB
• ex-9901marshallpressrelease.htm (EX-99.01) — 14KB
• imagea.jpg (GRAPHIC) — 13KB
• 0000072903-25-000242.txt ( ) — 227KB
• xel-20250923.xsd (EX-101.SCH) — 2KB
• xel-20250923_def.xml (EX-101.DEF) — 14KB
• xel-20250923_lab.xml (EX-101.LAB) — 26KB
• xel-20250923_pre.xml (EX-101.PRE) — 15KB
• xel-20250923_htm.xml (XML) — 4KB

01. Other Events

Item 8.01. Other Events Marshall Wildfire Litigation As previously disclosed, multiple complaints were filed against Public Service Company of Colorado (PSCo) and Xcel Energy Services Inc. (both wholly owned subsidiaries of Xcel Energy Inc. and, together, Xcel Energy) related to the Marshall Fire, which ignited in Boulder County, Colorado in December 2021. On September 23, 2025, Xcel Energy, Qwest Corporation and Teleport Communications America, LLC reached settlement agreements in principle that resolve all claims asserted by the subrogation insurers, the public entity plaintiffs and individual plaintiffs. PSCo expects to pay approximately $640 million related to these settlements, with approximately $350 million funded by remaining insurance coverage (after consideration of legal costs incurred to date). PSCo expects to recognize an approximately $290 million charge to earnings as a result of these settlement agreements in the quarterly period ending September 30, 2025. Given the non-recurring nature of this charge, this will be an adjustment to net income in determining ongoing earnings for 2025. (a) The agreements in principle remain subject to final documentation and individual plaintiffs opting in to the agreements negotiated and recommended by their counsel. Consistent with previous disclosures, PSCo disputes that its power lines caused the Marshall Fire. PSCo did not admit any fault, wrongdoing or negligence in connection with these settlement agreements. Xcel Energy Inc. reaffirms its 2025 ongoing earnings per share (EPS) guidance of $3.75 to $3.85 per share. (a) (a) Ongoing earnings and ongoing EPS are non-GAAP financial measures. Ongoing earnings is calculated using net income and adjusting for certain non-recurring or infrequent items that are, in management's view, not reflective of ongoing operations. Ongoing earnings could differ from those prepared in accordance with GAAP for unplanned and/or unknown adjustments. As Xcel Energy Inc. is unable

Forward-Looking Statements

Forward-Looking Statements Certain information discussed in this Current Report on Form 8-K is forward-looking information that involves risks, uncertainties and assumptions. Such forward-looking statements, including those relating to expectations regarding litigation settlement payment amount, 2025 ongoing earnings guidance, as well as assumptions and other statements are intended to be identified in this document by the words "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "objective," "outlook," "plan," "project," "possible," "potential," "should," "will," "would" and similar expressions. Actual results may vary materially. Forward-looking statements speak only as of the date they are made, and we expressly disclaim any obligation to update any forward-looking information. The following factors, in addition to those discussed in PSCo's Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2024, and subsequent filings with the SEC, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: operational safety; successful long-term operational planning; commodity risks associated with energy markets and production; rising energy prices and fuel costs; qualified employee workforce and third-party contractor factors; violations of our Codes of Conduct; our ability to recover costs; changes in regulation; reductions in our credit ratings and the cost of maintaining certain contractual relationships; general economic conditions, including recessionary conditions, inflation rates, monetary fluctuations, supply chain constraints and their impact on capital expenditures and/or the ability of PSCo to obtain financing on favorable terms; availability or cost of capital; our customers' and counterparties' ability to pay their debts to us; assumptions and costs relating to funding our employee benefit plans and health care benefits; tax laws; uncertainty regarding epidemics,

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits (d) Exhibits Exhibit Description 99.01 Press Release dated September 24, 2025 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Sept. 24, 2025 Xcel Energy Inc. (a Minnesota corporation) Public Service Company of Colorado (a Colorado corporation) /s/ BRIAN J. VAN ABEL Brian J. Van Abel Executive Vice President, Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR