Xcel Energy entered into a new equity distribution agreement, allowing the company to offer and sell up to $6.0 billion of its common stock from time to time. This new "at-the-market" (ATM) program provides financial flexibility and replaces a previous agreement dated May 1, 2026.
Key Details
- New Program: The agreement, dated October 30, 2026, allows for the sale of common stock with an aggregate gross sales price of up to $6.0 billion through a syndicate of sales agents and forward purchasers.
- Prior Program Termination: The company terminated its prior ATM program from May 2026, under which approximately $448.6 million of common stock remained available for sale.
- Outstanding Forward Sales: Forward sale agreements from previous programs remain outstanding, covering common stock with an aggregate offering price of approximately $6.0 billion ($3.8 billion from the May 2026 agreement and $2.2 billion from an August 2025 agreement).