Boardroom Alpha
Start trial
10-K primary document
XEL · Annual Report (Form 10-K) · Filed February 25, 2026

Xcel Energy Inc — 10-K exhibit

xcelex2301q42025.htm
Xcel Energy Inc on Boardroom Alpha
Document

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
We consent to the incorporation by reference in:

Registration Statements on Form S-8:
•No. 333-222157 (relating to the Xcel Energy Inc. Nonqualified Deferred Compensation Plan)
•No. 333-229949 (relating to the Xcel Energy 401(k) Savings Plan; and New Century Energies, Inc. Employees’ Savings and Stock Ownership Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employees; New Century Energies, Inc. Employee Investment Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employees; and Nuclear Management Company, LLC NMC Savings and Retirement Plan)
•No. 333-213382 (relating to the Xcel Energy 401(k) Savings Plan; New Century Energies, Inc. Employees’ Savings and Stock Ownership plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employees; New Century Energies, Inc. Employee Investment Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employees)
•No. 333-175189 (relating to the Stock Equivalent Plan for Non-Employee Directors)
•No. 333-204325 (relating to the Xcel Energy Amended and Restated 2015 Omnibus Incentive Plan)
•No. 333-279635 (relating to the Xcel Energy Inc. 2024 Equity Incentive Plan)
•No. 333-285468 (relating to the Xcel Energy 401(k) Savings Plan)

Registration Statements on Form S-3:

•No. 333-270068 (relating to the Xcel Energy Dividend Reinvestment and Stock Purchase Plan)
•No. 333-278797 (relating to senior debt securities, subordinated debt securities, junior subordinated debt securities, common stock, and preferred stock)

of our reports dated February 25, 2026, relating to the financial statements of Xcel Energy Inc. and the effectiveness of Xcel Energy Inc.’s internal control over financial reporting, appearing in this Annual Report on Form 10-K of Xcel Energy Inc. for the year ended December 31, 2025.


Minneapolis, Minnesota
February 25, 2026

Disclaimer

The opinions and information contained herein have been obtained or derived from sources believed to be reliable, but Boardroom Alpha cannot guarantee its accuracy and completeness, and that of the opinions based thereon.

This report contains opinions and is provided for informational purposes only – it does not constitute investment, legal or tax advice. You should not rely solely upon the research herein for purposes of transacting securities or other investments, and you are encouraged to conduct your own research and due diligence, and to seek the advice of a qualified securities professional before you make any investment.

None of the information contained in this report constitutes, or is intended to constitute a recommendation by Boardroom Alpha of any particular security or trading strategy or a determination by Boardroom Alpha that any security or trading strategy is suitable for any specific person. To the extent any of the information contained herein may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person.

No representation or warranty, expressed or implied, is made on behalf of Boardroom Alpha as to the accuracy or completeness of the information contained herein. Boardroom Alpha does not accept any liability for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on all or any part of this research and any liability is expressly disclaimed.

Full disclaimer