Xcel Energy Inc., through its subsidiaries, generates, purchases, transmits, distributes, and sells electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through coal, nuclear, natural gas, hydroelectric, solar, biomass, oil, wood/refuse, and wind energy sources. It also purchases, transports, distributes, and sells natural gas to retail customers, as well as transports customer-owned natural gas. In addition, the company develops and leases natural gas pipelines, and storage and compression facilities; and invests in rental housing projects, as well as procures equipment for the construction of renewable generation facilities. It serves residential, commercial, and industrial customers in the portions of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas, and Wisconsin. The company sells electricity to approximately 3.7 million customers; and natural gas to approximately 2.1 million customers. Xcel Energy Inc. was incorporated in 1909 and is headquartered in Minneapolis, Minnesota.

Xcel Energy Inc.

Initial Statement of Beneficial Ownership

Derivative Disposition Under Employee Benefit Plan

Insider	Title	Transaction Type	Shares Traded	% of Shares Traded	% Chg. in Shares	End of Filing Shares	Price	Transaction Value	Filing Date	Transaction Date
Ryan Long	Executive VP, Chief Legal & Compliance Officer & General Counsel Show All	Other Disposition (Other Disposition)	-1.3K	-0.000213%	-11.3%	10.0K	—	—	25 Nov 2025	21 Nov 2025 - 21 Nov 2025
Timothy A. Welsh	Independent Director Show All	Other Acquisition (Other Acquisition)	473.0	—	3.6%	13.5K	—	—	30 Sep 2025	28 Sep 2025 - 28 Sep 2025
Charles G. Pardee	Independent Director Show All	Other Acquisition (Other Acquisition)	587.0	—	2.9%	20.5K	—	—	30 Sep 2025	28 Sep 2025 - 28 Sep 2025
Patricia Leonard Kampling	Lead Independent Director Show All	Other Acquisition (Other Acquisition)	363.0	—	2.5%	14.7K	—	—	30 Sep 2025	28 Sep 2025 - 28 Sep 2025
Lynn Casey	Independent Director Show All	Other Acquisition (Other Acquisition)	511.0	—	1.3%	38.8K	—	—	30 Sep 2025	28 Sep 2025 - 28 Sep 2025
Megan D. Burkhart
Michael Lamb
Michael Lamb
Ryan Long
Ryan Long
Ryan Long
Timothy A. Welsh
Charles G. Pardee
Patricia Leonard Kampling
Lynn Casey
Megan D. Burkhart
Lynn Casey
Netha N. Johnson
Timothy A. Welsh
Devin W. Stockfish
James T. Prokopanko
Charles G. Pardee
Charles G. Pardee
Richard T. O’Brien
George J. Kehl
Patricia Leonard Kampling
Lynn Casey
Megan D. Burkhart
Scott Sharp
Michael Lamb