Xcel Energy enters up to $4.3B at-the-market equity distribution agreement

XCEL ENERGY INC

Aggregate gross sales price up to $4.3B of common stock through Sales Agents and Forward Sellers.
Agreement includes Initially Priced and Collared Forward Transactions; sales agents earn up to 1% commission.
Prospectus supplement filed May 1, 2026 under existing Form S-3 (File No. 333-278797).
No immediate proceeds from forward transactions until future physical settlement or prepayment date.
Sales may be made in 'at the market' offerings on Nasdaq or at negotiated prices.

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