COMPANY DESCRIPTION INCREASED FOCUS ON DEI

DRIVES POSITIVE RESULTS

Xcel Energy is a major U.S. electric and natural gas
company with annual revenues of $13.4 billion. Based in Xcel Energy is committed to cultivating an
Minneapolis, Minnesota, the company operates in eight equitable and inclusive work environment,
states and provides a comprehensive portfolio of energy- with a skilled, engaged and diverse workforce
related products and services to 3.7 million electricity that reflects the communities we serve. We
customers and 2.1 million natural gas customers. continue to weave the importance of diversity,
equity and inclusion (DEI) into the fabric of our
company and to provide an environment where
FINANCIAL HIGHLIGHTS
all employees feel they can be themselves and
2020 2021 genuinely are included and empowered to do
their best work.
Total GAAP earnings per share 2.79 2.96 To ensure this crucial topic receives appropriate
attention and visibility, the company adopted
Ongoing earnings per share 2.79 2.96 a new index to measure progress on specific
aspects of DEI for the corporate scorecard in
Dividends annualized 1.72 1.83 2021. The index measures three key elements
of the company’s DEI strategy: the use of
Stock price (close) 66.67 67.70 diverse interview panels in the hiring process,
performance of our overall inclusion index and
active participation in the executive sponsorship
Assets (millions) 53,957 57,851
program that supports career growth by pairing
executives with employees who are diverse
from themselves.
EARNINGS PER SHARE
Dollars per share (diluted) Xcel Energy exceeded its targets for each of
the three factors in 2021 and will retain the DEI
metric on its corporate scorecard in 2022.
As a result of our commitment to diversity, we
have seen a 6% increase in women and a 5%
2.64

2.64

2.79

2.79

2.96

2.96

increase in diverse representation within our

senior leadership at the vice-presidential level
and above.
“As a purpose-driven and values-led organization,
we continue to build a culture of belonging
where diverse viewpoints are appreciated,” said
Baird McKevitt, Director, Inclusion and Diversity.
2019 2020 2021
GAAP (generally accepted accounting
principles) earnings per share
ON THE COVER:
Ongoing earnings per share
Pictured is a solar facility
in Eau Claire, Wisconsin,
adjacent to our state
headquarters. Xcel Energy
is working towards several
clean energy milestones on
the horizon at the end of
the decade.