8-KMay 11, 20265/11/26

XEL — 8-K Filing

XEL 8-K Summary

On May 11, 2026, XCEL ENERGY INC filed an 8-K disclosing Other Events (Item 8.01). Primary disclosure: 2025 Minnesota Natural Gas Rate Case SettlementIn October 2025, Northern States Power Company, a Minnesota corporation and a wholly owned subsidiary of Xcel Energy, Inc.

8-K Items Disclosed

Item 8.01 — Other Events

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

2025 Minnesota Natural Gas Rate Case SettlementIn October 2025, Northern States Power Company, a Minnesota corporation and a wholly owned subsidiary of Xcel Energy, Inc. (NSP-Minnesota) filed a natural gas rate case in Minnesota, seeking a total revenue increase of $62 million (8.2%) as updated in April 2026. The filing is based on a 2026 forecast test year and includes a return on equity of 10.65%, a 52.5% equity ratio and rate base of $1.5 billion. NSP-Minnesota requested interim rates of $51 million effective January 1, 2026, which were approved by the MPUC.

Current DredgeCap Risk Profile

3.2/10

MODERATE RISK

Dilution Risk

MODERATE3.8/10

Liquidity Risk

LOW2.5/10

Debt Toxicity

MODERATE3.5/10

Profitability Risk

LOW2.5/10

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.