8-K – 2026-02-05 – xel-20260205.htm

xel-20260205 FALSE XCEL ENERGY INC 0000072903 MN NORTHERN STATES POWER CO 0001123852 MN NORTHERN STATES POWER CO /WI/ 0000072909 WI PUBLIC SERVICE CO OF COLORADO 0000081018 CO SOUTHWESTERN PUBLIC SERVICE CO 0000092521 NM 0000072903 2026-02-05 2026-02-05 0000072903 xel:NORTHERNSTATESPOWERCOMember 2026-02-05 2026-02-05 0000072903 xel:NORTHERNSTATESPOWERCOWIMember 2026-02-05 2026-02-05 0000072903 xel:PUBLICSERVICECOOFCOLORADOMember 2026-02-05 2026-02-05 0000072903 xel:SOUTHWESTERNPUBLICSERVICECOMember 2026-02-05 2026-02-05 0000072903 us-gaap:CommonStockMember 2026-02-05 2026-02-05 0000072903 xel:A6.25JuniorSubordinatedNotesDue2085Member 2026-02-05 2026-02-05

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM  8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) February 5, 2026

Commission File
Number   Exact Name of Registrant as Specified in its Charter; State of
Incorporation; Address of Principal Executive Offices; and
Telephone Number   IRS Employer
Identification
Number
001-3034   XCEL ENERGY INC.   41-0448030
    (a Minnesota corporation)    
    414 Nicollet Mall    
    Minneapolis, Minnesota 55401    
    (612) 330-5500    
         
000-31387   NORTHERN STATES POWER COMPANY   41-1967505
    (a Minnesota corporation)    
    414 Nicollet Mall    
    Minneapolis, Minnesota 55401    
    (612) 330-5500    
         
001-03140   NORTHERN STATES POWER COMPANY   39-0508315
    (a Wisconsin corporation)    
    1414 W. Hamilton Avenue    
    Eau Claire, Wisconsin 54701    
    (715) 737-2625    
         
001-3280   PUBLIC SERVICE COMPANY OF COLORADO   84-0296600
    (a Colorado corporation)    
    3500 Blake Street    
    Denver, Colorado 80205    
    (303) 571-7511    
         
001-03789   SOUTHWESTERN PUBLIC SERVICE COMPANY   75-0575400
    (a New Mexico corporation)    
    790 South Buchanan    
    Amarillo, Texas 79101    
    (303) 571-7511    

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol Name of each exchange on which registered
Common Stock XEL Nasdaq Stock Market LLC
6.25% Junior Subordinated Notes due 2085 XELLL Nasdaq Stock Market LLC

Item 2.02. Results of Operations and Financial Condition

On February 5, 2026, Xcel Energy released earnings results for the fourth quarter of 2025.

See additional information in the Earnings Release furnished as exhibit 99.01.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits

Exhibit No.   Description
     
99.01
  Earnings Release of Xcel Energy dated Fe b. 5 , 202 6 .

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Feb. 5, 2026 Xcel Energy Inc.
(a Minnesota corporation)

  Northern States Power Company
(a Minnesota corporation)

  Northern States Power Company
(a Wisconsin corporation)

  Public Service Company of Colorado
(a Colorado corporation)

  Southwestern Public Service Company
(a New Mexico corporation)

   
  /s/ BRIAN J. VAN ABEL
  Brian J. Van Abel
  Executive Vice President, Chief Financial Officer