Xcel Energy Inc. is a Minnesota-incorporated electric and natural gas utility holding company headquartered at 414 Nicollet Mall, Minneapolis, Minnesota, whose principal regulated subsidiaries include Northern States Power Company (Minnesota and Wisconsin), Public Service Company of Colorado, and Southwestern Public Service Company. The company serves customers across multiple states in the upper Midwest, Colorado, and the Southwest, operating under the regulatory oversight of multiple state public utility commissions and the Federal Energy Regulatory Commission. Common stock trades on the Nasdaq Stock Market under the ticker XEL, and the company also has 6.25% Junior Subordinated Notes due 2085 (XELLL) and 5.75% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2056 listed on Nasdaq [Source: 8-K, filed 2026-03-03, Item 8.01; 8-K, filed 2026-02-05, cover page].

What is XEL's DredgeCap risk score?

DredgeCap's AI analysis rates XEL at 3.2/10 on the risk scale — Low risk. This score reflects dilution exposure, debt toxicity, liquidity position, and going-concern posture as disclosed in SEC filings.

Does XEL have a going concern warning?

No current auditor going-concern warning is flagged in XEL's SEC filings. Risk assessment is based on other filing-disclosed factors.

When did XEL last file with the SEC?

XEL's most recent SEC filing was a 10-K filed 2026-02-25. All filings are available on SEC EDGAR.

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8-KMay 5, 2026

XEL — 8-K Filing

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8-K Items Disclosed

Item 8.01 — Other Events

A material event not falling under any other 8-K item.

XEL Filing Excerpt

xel-20260501UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549FORM 8-K CURRENT REPORTPursuant to Section 13 or 15(d) ofthe Securities Exchange Act of 1934Date of Report (Date of earliest event reported) May 1, 2026Commission File NumberExact Name of Registrant as Specified in its Charter; State of Incorporation; Address of Principal Executive Offices; and Telephone NumberIRS Employer Identification Number001-3034XCEL ENERGY INC.41-0448030(a Minnesota corporation)414 Nicollet MallMinneapolisMinnesota55401(612)330-5500001-03789SOUTHWESTERN PUBLIC SERVICE COMPANY75-0575400(a New Mexico corporation)790 South Buchanan StreetAmarilloTexas79101(303)571-7511Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the…

Current DredgeCap Risk Profile

Risk Score

3.2/10

MODERATE

Dilution

3.8

Debt Toxicity

3.5

Going Concern

✓ Not flagged

The risk profile above reflects the latest cached DredgeCap analysis for XEL. For the full filing-by-filing analyst report (red flags, primary risk driver, what moves the stock), open XEL's company page.

What is a 8-K?

A current report disclosing a material event that occurred between regular reporting periods. Companies are required to file an 8-K within four business days of certain events including earnings releases, executive changes, acquisitions, debt obligations, restructurings, and material agreements. Each 8-K specifies one or more 'Items' identifying which event triggered the filing.

More on XEL

The plain-language summary above is composed mechanically from the filing's reported numbers — no analysis or opinion. Form-type explainers and 8-K item descriptions are derived from SEC documentation. This page does not constitute investment advice. Always consult the original filing on SEC EDGAR for authoritative content, and consult a licensed financial advisor for investment decisions.