AI English summary of an SEC filing — figures as filed
Xcel Energy XELXcel Energy said it entered into an Equity Distribution Agreement on October 30, 2026 under which it may offer and sell common stock (par value $2.50 per share) from time to time through the Sales Agents and Forward Sellers, with an aggregate gross sales price of up to $6,000,000,000.
Key points
AI summaryXcel Energy said it entered into an Equity Distribution Agreement on October 30, 2026 under which it may offer and sell common stock (par value $2.50 per share) from time to time through the Sales Agents and Forward Sellers, with an aggregate gross sales price of up to $6,000,000,000.
The company said it terminated its at-the-market program under a prior equity distribution agreement as of May 1, 2026, when about $448.6 million of shares remained unsold. It also said about $3.8 billion and about $2.2 billion of shares were subject to outstanding forward sale agreements.
The company said it does not initially receive proceeds from the sale of borrowed shares under an Initially Priced Forward Transaction. It expects to receive proceeds at physical settlement based on the initial forward sale price. If it elects cash or net share settlement, it may not receive any proceeds.
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 as agent. Under a Collared Forward Transaction, the Collared Forward Purchaser will prepay an amount on the Prepayment Date calculated based on the floor price and other terms.
Summary
AI-writtenAnalysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Xcel Energy enters into up to $6,000,000,000 stock distribution agreement
Xcel Energy said it entered into an Equity Distribution Agreement on October 30, 2026 under which it may offer and sell common stock (par value $2.50 per share) from time to time through the Sales Agents and Forward Sellers, with an aggregate gross sales price of up to $6,000,000,000.
Source · Based on the filing body and exhibits
Termination of prior at-the-market program and outstanding forward sale agreements
The company said it terminated its at-the-market program under a prior equity distribution agreement as of May 1, 2026, when about $448.6 million of shares remained unsold. It also said about $3.8 billion and about $2.2 billion of shares were subject to outstanding forward sale agreements.
Source · Based on the filing body and exhibits
Proceeds structure for Initially Priced Forward Transactions
The company said it does not initially receive proceeds from the sale of borrowed shares under an Initially Priced Forward Transaction. It expects to receive proceeds at physical settlement based on the initial forward sale price. If it elects cash or net share settlement, it may not receive any proceeds.
Source · Based on the filing body and exhibits
Commission cap and Collared Forward prepayment structure
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 as agent. Under a Collared Forward Transaction, the Collared Forward Purchaser will prepay an amount on the Prepayment Date calculated based on the floor price and other terms.
Source · Based on the filing body and exhibits
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
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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