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## COMPANY DESCRIPTION 

Xcel Energy is a major U.S. electric and natural gas company, with annual revenues of $10.7 billion. Based in Minneapolis, Minn., Xcel Energy operates in eight states. The company provides a comprehensive portfolio of energy-related products and services to 3.4 million electricity customers and 1.9 million natural gas customers. 

## FINANCIAL HIGHLIGHTS 

<img src='content_image/269687.jpg'>

## XCEL ENERGY EARNINGS PER SHARE 

Dollars per share (diluted) 

<img src='content_image/269688.jpg'>

Some of the sections in this annual report, including the letter to shareholders on page 1, contain forward-looking statements. For a discussion of factors that could affect operating results, please see the management’s discussion and analysis listed in the table of contents of the Form 10-K. 

On the cover: Employees at Xcel Energy’s corporate headquarters in Minneapolis are energized  for the challenges ahead. 

