Shares Outstanding for Xcel Energy (XEL)
According to Xcel Energy's latest reported financial statements, the company's latest reported diluted shares outstanding is 597.00M. Diluted weighted-average shares outstanding is the share count used to compute per-share metrics like EPS. Buybacks lower it; new issuance, stock-based compensation, and convertible securities raise it. Multiply by the stock price for market capitalization.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
XEL
Currently viewingShares OutstandingSwitch metric
Latest period
597.00M
YoY change
+4.6%
5Y CAGR
+2.2%
Peak year (2025)
589.00M
Latest annual
589.00M
Shares Outstanding history chart for Xcel Energy (XEL) from 1985 to 2025
Shares Outstanding history table for Xcel Energy (XEL) from 1985 to 2025
| Fiscal year | Period ended | Reported | Shares Outstanding | YoY |
|---|---|---|---|---|
| 2025 | 589.00M | +4.6% | ||
| 2024 | 563.00M | +2.0% | ||
| 2023 | 552.00M | +0.9% | ||
| 2022 | 547.00M | +1.3% | ||
| 2021 | 540.00M | +2.3% | ||
| 2020 | 528.00M | +1.5% | ||
| 2019 | 520.00M | +1.8% | ||
| 2018 | 511.00M | +0.4% | ||
| 2017 | 509.00M | -0.1% | ||
| 2016 | 509.46M | +0.3% | ||
| 2015 | 508.17M | +0.8% | ||
| 2014 | 504.12M | +1.5% | ||
| 2013 | 496.53M | +1.7% | ||
| 2012 | 488.43M | +0.6% | ||
| 2011 | 485.62M | +4.8% | ||
| 2010 | 463.39M | +1.4% | ||
| 2009 | 457.14M | +3.5% | ||
| 2008 | 441.81M | +2.0% | ||
| 2007 | 433.13M | +0.8% | ||
| 2006 | 429.61M | +0.9% | ||
| 2005 | 425.67M | +0.6% | ||
| 2004 | 423.33M | +1.1% | ||
| 2003 | 418.91M | +8.8% | ||
| 2002 | 385.14M | +12.0% | ||
| 2001 | 343.74M | +1.7% | ||
| 2000 | 337.83M | +1.8% | ||
| 1999 | 331.94M | +120.8% | ||
| 1998 | 150.37M | +7.0% | ||
| 1997 | 140.50M | +2.3% | ||
| 1996 | 137.36M | +2.2% | ||
| 1995 | 134.39M | +0.6% | ||
| 1994 | 133.58M | +2.3% | ||
| 1993 | 130.53M | +5.0% | ||
| 1992 | 124.31M | -0.4% | ||
| 1991 | 124.85M | -0.0% | ||
| 1990 | 124.86M | -0.2% | ||
| 1989 | 125.12M | +0.4% | ||
| 1988 | 124.68M | +0.0% | ||
| 1987 | 124.64M | -0.1% | ||
| 1986 | 124.77M | +0.7% | ||
| 1985 | 123.96M | — |
Shares Outstanding values are taken from Xcel Energy's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
In 2025, Xcel Energy (XEL) diluted shares outstanding totalled 589.00M – edged up 4.6% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Xcel Energy diluted shares outstanding compounded at +2.2% per year, sustaining 8 straight years of year-over-year growth.
589.00M stands as the all-time-high annual diluted shares outstanding, posted in 2025, against a low of 123.96M during 1985.
Xcel Energy (XEL) sits 6th of 8 Utilities peers we track on this metric, against a peer median of 714.85M.
Xcel Energy Shares Outstanding by Year
Xcel Energy Shares Outstanding 2025: 589.00M
Xcel Energy diluted shares outstanding in 2025 was 589.00M, edged up 4.6% from 2024. This figure represents the highest annual value in the available history.
Xcel Energy Shares Outstanding 2024: 563.00M
Xcel Energy diluted shares outstanding in 2024 was 563.00M, edged up 2.0% from 2023.
Xcel Energy Shares Outstanding 2023: 552.00M
Xcel Energy diluted shares outstanding in 2023 was 552.00M, edged up 0.9% from 2022.
Xcel Energy Shares Outstanding 2022: 547.00M
Xcel Energy diluted shares outstanding in 2022 was 547.00M, edged up 1.3% from 2021.
Xcel Energy Shares Outstanding 2021: 540.00M
Xcel Energy diluted shares outstanding in 2021 was 540.00M.
See more financial history for Xcel Energy (XEL).
Sector peers — Shares Outstanding
Companies in the same sector as Xcel Energy, ranked by their latest diluted shares outstanding.
| Company | Shares Outstanding | Sector |
|---|---|---|
| NextEra Energy, Inc. (NEE) | 2.09B | Utilities |
| The Southern Company (SO) | 1.11B | Utilities |
| Dominion Energy, Inc. (D) | 855.30M | Utilities |
| Duke Energy Corporation (DUK) | 777.00M | Utilities |
| Sempra (SRE) | 652.70M | Utilities |
| American Electric Power Company, Inc. (AEP) | 520.21M | Utilities |
| Constellation Energy Corporation (CEG) | 314.00M | Utilities |
| GE Vernova Inc. (GEV) | 276.00M | Utilities |
Frequently asked questions
What is Xcel Energy's diluted shares outstanding?
- Latest reported diluted shares outstanding for Xcel Energy (XEL) is 597.00M (period ending December 31, 2025).
How has Xcel Energy diluted shares outstanding changed year-over-year?
- Xcel Energy (XEL) diluted shares outstanding changed +4.6% year-over-year on the latest annual filing.
What is the long-term growth rate of Xcel Energy diluted shares outstanding?
- Xcel Energy (XEL) diluted shares outstanding compound annual growth rate is +2.2% over the most recent 5 years available.
When did Xcel Energy diluted shares outstanding hit its highest annual value?
- Xcel Energy diluted shares outstanding reached its highest annual value of 589.00M in 2025.
What was Xcel Energy diluted shares outstanding in 2024?
- Xcel Energy (XEL) diluted shares outstanding in 2024 was 563.00M.
What was Xcel Energy diluted shares outstanding in 2025?
- Xcel Energy (XEL) diluted shares outstanding in 2025 was 589.00M.
Metrics overview
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