What is the main purpose of this 8-K filing?

The primary purpose of this 8-K filing is to announce Xcel Energy's third-quarter 2003 earnings results and to furnish the related earnings release as an exhibit. This release contains important financial information and updates for investors.

What are 'non-GAAP financial measures' and why are they included?

Non-GAAP financial measures are financial calculations that exclude or include amounts calculated differently from the most directly comparable GAAP measure. Xcel Energy uses these adjusted measures to provide a clearer view of its operational performance and future expectations, consistent with its earnings guidance, by accounting for significant events like divestitures.

What impact does the expected divestiture of NRG Energy have on the reported results?

The pro-forma information in the earnings release reflects the anticipated divestiture of NRG Energy, Inc. as NRG undergoes financial restructuring. This means the reported financial figures may be presented as if this separation has already occurred or is certain to occur, impacting the overall financial picture.

Where can I find more detailed financial information?

Detailed financial information, including the specific non-GAAP adjustments and a complete breakdown of the third-quarter results, can be found in the Earnings Release dated October 23, 2003, which is furnished as Exhibit 99.01 to this 8-K filing.

XEL/XELLL 8-K SEC Disclosure

Summary

Xcel Energy Inc. filed an 8-K on October 23, 2003, to report its third-quarter 2003 earnings results. The release, furnished as an exhibit, includes both GAAP and non-GAAP financial measures. These non-GAAP measures are adjusted to account for historical and anticipated future events, aligning with the company's earnings guidance. Notably, the pro-forma information incorporates the expected divestiture of NRG Energy, Inc. as part of its financial restructuring, and the previously completed sale of Viking Gas Transmission in January 2003. Investors should review the detailed earnings release (Exhibit 99.01) for a comprehensive understanding of Xcel Energy's financial performance and outlook. The filing emphasizes that the adjusted earnings provide a view consistent with management's guidance and reflect significant strategic portfolio adjustments, including the anticipated separation from NRG Energy.

Key Highlights

1Xcel Energy announced its third-quarter 2003 earnings on October 23, 2003.
2The earnings release includes both GAAP and non-GAAP financial measures.
3Non-GAAP measures are adjusted for historical and future events to align with earnings guidance.
4Pro-forma information reflects the expected divestiture of NRG Energy, Inc. due to its restructuring.
5The divestiture of Viking Gas Transmission (sold January 2003) is also reflected in the financial measures.
6The filing's primary purpose is to furnish the earnings release as an exhibit.
7Richard C. Kelly, President and Chief Operating Officer, signed the report.

XCEL ENERGY INC 8-K Report (Oct 23, 2003)

Summary

Key Highlights

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