HighGravityDataXcel Energy — Oct 31, 2024 release
Fiscal 2024 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000072903-24-000196
Showing in the filing
Financing plan - Maturing debt
“$3,730”
Period
FY2025
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 40
Ongoing EPS for FY2024
“$3.50 to $3.60”
Ongoing EPS for FY2025
“$3.75 to $3.85”
Long-term annual growth objectives dividend … for the long term
“4 to 6%”
PSCo base capital expenditures (Total) for FY2025
“$22,280”
Total base capital expenditures for FY2025
“$11,000”
Total base capital expenditures for FY2026
“$9,840”
Total base capital expenditures for FY2027
“$8,750”
Electric distribution base capital expenditu… for FY2025
“$15,830”
Total base capital expenditures for FY2028
“$7,570”
Total base capital expenditures for FY2029
“$7,840”
Potential additional capital expenditures be… for FY2025
“approximately $10 billion or greater”
Funding mix for additional capital investment for the long term
“approximately 40% equity and 60% debt”
Funding of additional capital investment
“approximately 40% equity and 60% debt”
Financing plan - Cash from operations for FY2025
“$25,320”
Financing plan - Maturing debt for FY2025
“$3,730”
Financing plan - Equity through the Dividend… for FY2025
“$500”
Weather-normalized retail firm natural gas s… for FY2025
“~1%”
Weather-normalized retail firm natural gas s… for FY2024
“decline by ~1%”
Capital rider revenue increase assumption for FY2024
“$60 million to $70 million (net of PTCs)”
O&M expense growth assumption for FY2024
“3% to 4%”
O&M expenses for FY2024
“3% to 4%”
Depreciation expense for FY2024
“approximately $290 million to $300 million”
Depreciation expense increase assumption for FY2024
“approximately $290 million to $300 million”
Property tax change assumption for FY2024
“expected to decline $10 to $20 million”
Property taxes for FY2024
“$10 to $20 million”
Interest expense (net of AFUDC - debt, net o… for FY2024
“increase $130 million to $140 million”
Interest expense increase assumption for FY2025
“$130 million to $140 million, net of interest income”
Interest expense increase assumption for FY2024
“$130 million to $140 million, net of interest income”
AFUDC - equity for FY2024
“$70 million to $80 million”
AFUDC - equity increase assumption for FY2024
“$70 million to $80 million”
Weather-normalized retail electric sales gro… for FY2025
“~3%”
Capital rider revenue increase assumption for FY2025
“$240 million to $250 million (net of PTCs)”
O&M expense growth assumption for FY2025
“~3%”
O&M expenses for FY2025
“~3%”
Depreciation expense increase assumption for FY2025
“approximately $210 million to $220 million”
Property tax increase assumption for FY2025
“$40 million to $50 million”
AFUDC - equity increase assumption for FY2025
“$120 million to $130 million”
Long-term annual EPS growth for the long term
“6% to 8% based off of $3.55 per share (the mid-point of 2024 original ongoing earnings guidance of $3.50 to $3.60 per share)”
Dividend payout ratio target for the long term
“50% to 60%”
Senior secured debt credit ratings target for the long term
“A range”
Exhibit 99.1 · the passage around this item
… earlier in the release
Current estimated financing plans of Xcel Energy for 2025-2029 (includes the impact of tax credit transferability): (Millions of Dollars) Funding Capital Expenditures Cash from operations (a) $ 25,320 New debt (b) 15,180 Equity through the Dividend Reinvestment and Stock Purchase Program and benefit program 500 Other equity 4,000 Base capital expenditures 2025-2029 $ 45,000 Maturing debt $ 3,730 (a) Net of dividends and pension funding. (b) Reflects a combination of short and long-term debt; net of refinancing. 2024 Financing Activi ty — During 2024, Xcel Energy Inc. and its utility subsidiaries issued the following long-term debt. No further debt issuances are planned for 2024. Issuer Security Amount (in millions) Tenor Coupon Xcel Energy Inc. Senior Unsecured Notes $ 800 10 Year 5.50 % NSP-Minnesota First Mortgage Bonds 700 30 Year 5.40 PSCo First Mortgage Bonds 1,200 10 Year & 30 Year 5.35 & 5.75 SPS First Mortgage Bonds 600 30 Year 6.00 NSP-Wisconsin First Mortgage Bonds 400 30 Year 5.65 Xcel Energy issued approximately $1.1 billion of equity through its at-the-market program through September 2024. Financing plans are subject to change, depending on capital expenditures, regulatory outcomes, internal cash generation, market conditions, changes in tax policies and other factors. Note 4. Rates, Regulation and Other NSP-Minnesota — 2024 Minnesota Natural Gas Rate Case — In November 2023, NSP-Minnesota filed a request with the Minnesota Public Utilities Commission (MPUC) for a natural gas rate increase of approximately $59 million, or 9.6%. The request was bas
later in the release …
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other guidance in this release
Text is the filed exhibit, verbatim.