---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-171827"
form_type: "8-K"
ticker: "XEL"
cik: "0000072903"
company_name: "XCEL ENERGY INC"
filed_at: "2025-08-04T23:59:59+00:00"
generated_at: "2026-05-17T21:39:04.314034+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Xcel Energy enters $4B equity distribution agreement for at-the-market stock sales

## Summary
- Up to $4B aggregate gross sales price of common stock may be sold through 20 sales agents and forward purchasers.
- Sales may be made at market prices; commission up to 1% of sales price per share.
- Includes collared forward transactions with Goldman Sachs International allowing prepayment and pledge of shares.
- Net proceeds expected for general corporate purposes; no immediate sales but facility is active.
- Filed prospectus supplement dated August 1, 2025 under existing shelf registration.

## SEC filing metadata
- accession: 0001193125-25-171827
- form_type: 8-K
- ticker: XEL
- cik: 0000072903
- company_name: XCEL ENERGY INC
- filed_at: 2025-08-04T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/72903/000119312525171827/0001193125-25-171827-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/72903/000119312525171827/d820191d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-171827
- JSON: https://secwatch.observer/filing/0001193125-25-171827.json
- Plain text: https://secwatch.observer/filing/0001193125-25-171827.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.