Xcel Energy entered into an equity distribution agreement on August 1, 2025, under which it may sell shares of common stock with a par value of $2.50 from time to time through the Sales Agents and the Forward Sellers, up to an aggregate gross sales price of $4,000,000,000.

1. 01

   Xcel Energy entered into an equity distribution agreement on August 1, 2025, under which it may sell shares of common stock with a par value of $2.50 from time to time through the Sales Agents and the Forward Sellers, up to an aggregate gross sales price of $4,000,000,000.

2. 02

   Xcel Energy said it expects to receive cash equal to the initial forward sale price multiplied by the number of underlying shares upon physical settlement on dates it specifies before the maturity date of the Initially Priced Forward Transaction, and that it will not initially receive any proceeds from the sale of borrowed shares.

3. 03

   The company said that under its Collared Forward Transaction with Goldman Sachs International, a portion of the amount based on the floor price will be paid on the prepayment date and the remainder on the settlement date, and that it will issue and pledge the maximum number of shares to the Collared Forward Purchaser as collateral.

4. 04

   The company said it will pay the Sales Agents a commission of no more than 1.00% of the sales price per share sold through them, and that the commission to the Forward Seller in an Initially Priced Forward Transaction will be up to 1.00%.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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