10-KPeriod: FY2012

XCEL ENERGY INC Annual Report, Year Ended Dec 31, 2012

Filed February 22, 2013For Securities:XELXELLL

Summary

Xcel Energy Inc. (XEL) operates as a regulated utility holding company, providing electric and natural gas services across eight states. For the fiscal year ending December 31, 2012, the company demonstrated stable performance, with its diversified operations contributing to overall financial health. Key drivers of performance included steady demand for essential utility services, strategic investments in infrastructure modernization and environmental compliance, and effective cost management across its subsidiaries. The company's strategy focuses on stakeholder alignment, investing in regulated utility businesses, and earning a fair return on those investments. Xcel Energy's operational footprint spans across various states, with significant operations in Minnesota, Wisconsin, Colorado, Texas, and New Mexico. The company's financial results are subject to regulatory approvals for rates and investments, which are critical for cost recovery and earning allowed returns. Management's focus on operational excellence and prudent financial management positions Xcel Energy to navigate industry challenges and deliver consistent value to shareholders.

Financial Statements
Beta
Revenue$10.13B
Operating Expenses$8.31B
Operating Income$1.82B
Interest Expense$601.55M
Net Income$905.23M
EPS (Basic)$1.86
EPS (Diluted)$1.85
Shares Outstanding (Basic)487.90M
Shares Outstanding (Diluted)488.43M

Key Highlights

  • 1Xcel Energy operates as a regulated utility holding company providing electric and natural gas services across eight states, including Minnesota, Wisconsin, Colorado, Texas, and New Mexico.
  • 2The company's strategy emphasizes stakeholder alignment, investment in regulated utility businesses, and earning a fair return on utility investments.
  • 3Key initiatives include modernizing infrastructure, improving reliability, reducing environmental impact, and expanding renewable energy sources.
  • 4Financial performance is influenced by regulatory approvals for rates and investments, with a focus on recovering costs and earning allowed returns.
  • 5The company managed its operations effectively, with a focus on balancing investments in infrastructure with cost recovery mechanisms.
  • 6Xcel Energy is subject to various environmental regulations and is investing in compliance measures, including emissions control technologies and renewable energy integration.
  • 7The company's financial stability is supported by its regulated business model, which allows for cost recovery through rate adjustments.

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