Xcel Energy Completes $506.68 Million Bond Buyback
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 22 2025
0mins
Should l Buy XEL?
Xcel Energy announced the results of its previously announced three separate offers to purchase for cash three series of first mortgage bonds issued by Northern States Power Company and that it has amended the Offers by waiving the Maximum Purchase Condition, allowing Xcel Energy to accept all Bonds tendered in full. The Offers were made upon the terms and subject to the conditions set forth in the Offer to Purchase dated December 15, 2025 relating to the Bonds and the accompanying notice of guaranteed delivery. Capitalized terms used but not defined in this announcement have the meanings given to them in the Offer to Purchase. The Offers expired at 5:00 p.m. on December 19. The settlement date will be the third business day after the Expiration Date and will be December 24. According to information provided by D.F. King & Co, Inc., the Information and Tender Agent in connection with the Offers, $506,684,000 combined aggregate principal amount of Bonds were validly tendered prior to or at the Expiration Date and not validly withdrawn. All such Bonds have been accepted for purchase. In addition, $2,492,000 combined aggregate principal amount of Bonds were tendered pursuant to the Guaranteed Delivery Procedures and remain subject to the Holders' performance of the delivery requirements under such procedures.
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Analyst Views on XEL
Wall Street analysts forecast XEL stock price to rise
12 Analyst Rating
10 Buy
2 Hold
0 Sell
Strong Buy
Current: 79.710
Low
81.00
Averages
88.08
High
95.00
Current: 79.710
Low
81.00
Averages
88.08
High
95.00
About XEL
Xcel Energy Inc. is an electric and natural gas delivery company. The Company provides a comprehensive portfolio of energy-related products and services to approximately 3.9 million electric customers and 2.2 million natural gas customers through four utility subsidiaries, NSP-Minnesota, NSP-Wisconsin, PSCo and SPS. The Company operates through two segments. Its regulated electric utility segment generates, purchases, transmits, distributes and sells electricity in Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin. In addition, this segment includes sales for resale and provides wholesale transmission service to various entities in the United States. The regulated electric utility segment also includes wholesale commodity and trading operations. Its regulated natural gas utility segment purchases, transports, stores, distributes and sells natural gas primarily in portions of Colorado, Michigan, Minnesota, North Dakota and Wisconsin.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Call Timing: The conference call is set to begin at 9:00 a.m. Central Time, with participants encouraged to dial in at least 10 minutes early, ensuring smooth access to the latest financial insights and enhancing investor confidence in the company's transparency.
- Participation Details: Investors can join the call by dialing the U.S. toll-free number 1-800-715-9871 or the international number 1-646-307-1963, using Conference ID 8273030, facilitating effective communication and interaction among participants.
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- Cost Control Advantage: Xcel Energy maintains electric and gas bills that are 28% and 12% below the national average, respectively, with historical bill growth well below inflation rates over the past decade, demonstrating its success in cost management.
- Corporate Culture Development: Employees actively promote values of Connected, Committed, Trustworthy, and Safe, fostering a culture of excellence that enhances customer satisfaction and company performance, further solidifying its leadership position in the industry.
See More
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- Confidence in Long-term Growth: CEO Bob Frenzel emphasized that the dividend increase reflects confidence in the company's long-term growth strategy and financial strength, with a continued target for annual increases of 4-6% and a payout ratio maintained at 45-55%.
- Clean Energy Initiative: Xcel Energy plans to power a new Google data center in Pine Island, Minnesota, with the project expected to have a significant positive impact on the state's economy while advancing clean energy developments to support Minnesota's energy aspirations.
- Customer Benefit Assurance: The growth initiative includes provisions to ensure benefits for existing customers, indicating the company's commitment to balancing business expansion with the interests of its current customer base, thereby reinforcing its position in the utility sector.
See More
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- Yield Analysis: The forward yield of 2.85% provides investors with a relatively attractive return, reflecting the company's robust performance in the current market environment.
- Payment Schedule: The dividend will be payable on April 20, with a record date of March 13 and an ex-dividend date also on March 13, ensuring shareholders receive their earnings promptly.
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