Xcel Energy (XEL) Shares Outstanding (Diluted) (2009 - 2026)
Xcel Energy (XEL) reported Shares Outstanding (Diluted) of 627 million for Q2 2026, up 6.6% from 588 million a year earlier and up 0.2% from the prior quarter.
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Analysis
Xcel Energy (XEL) Shares Outstanding (Diluted) (2009 - 2026) Analysis & Trends
For FY2025, Xcel Energy posted Shares Outstanding (Diluted) of 589 million, up 4.6% from FY2024.
- Shares Outstanding (Diluted) has increased for eight consecutive years, with a five-year compound annual growth rate of 2.2% (FY2020 to FY2025).
- By year, Shares Outstanding (Diluted) came in at 563 million in FY2024 (+2.0%), 552 million in FY2023 (+0.9%), 547 million in FY2022 (+1.3%) and 540 million in FY2021 (+2.3%).
- The Q2 2026 figure ranks as the highest quarterly Shares Outstanding (Diluted) in data going back to Q1 2009.
- Year over year, Shares Outstanding (Diluted) has now increased in each of the last 33 quarters, with growth averaging 4.8% over the last eight quarters.
- The year-over-year growth in Shares Outstanding (Diluted) has ranged between 0.7% (Q3 2023) and 8.5% (Q1 2026) over the last five years.
- Per Business Quant data, the three quarters before Q2 2026 came in at 626 million (Q1 2026), 589 million (Q4 2025) and 595 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Nextera Energy | 162.78 Bn | 152.72 Bn | - | 2.09 Bn |
| 2 | Southern | 100.19 Bn | 91.25 Bn | 5.92 Bn | 1.14 Bn |
| 3 | Duke Energy | 91.91 Bn | 88.50 Bn | 6.74 Bn | 779.00 Mn |
| 4 | National Grid | 77.40 Bn | 49.69 Bn | - | 994.20 Mn |
| 5 | American Electric Power | 68.36 Bn | 65.53 Bn | 3.84 Bn | 550.63 Mn |
| 6 | Dominion Energy | 54.82 Bn | 52.81 Bn | - | 882.10 Mn |
| 7 | Sempra | 53.87 Bn | 52.99 Bn | 2.89 Bn | 655.95 Mn |
| 8 | Entergy | 48.18 Bn | 37.31 Bn | - | 466.31 Mn |
| 9 | Xcel Energy | 46.63 Bn | 41.53 Bn | - | 627.00 Mn |
| 10 | Exelon | 43.40 Bn | 38.71 Bn | - | 1.03 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 627.00 Mn |
| Mar 31, 2026 | 626.00 Mn |
| Dec 31, 2025 | 589.00 Mn |
| Sep 30, 2025 | 595.00 Mn |
| Jun 30, 2025 | 588.00 Mn |
| Mar 31, 2025 | 577.00 Mn |
| Dec 31, 2024 | 563.00 Mn |
| Sep 30, 2024 | 565.00 Mn |
| Jun 30, 2024 | 557.00 Mn |
| Mar 31, 2024 | 556.00 Mn |
| Dec 31, 2023 | 552.00 Mn |
| Sep 30, 2023 | 552.00 Mn |
| Jun 30, 2023 | 552.00 Mn |
| Mar 31, 2023 | 551.00 Mn |
| Dec 31, 2022 | 547.00 Mn |
| Sep 30, 2022 | 548.00 Mn |
| Jun 30, 2022 | 546.00 Mn |
| Mar 31, 2022 | 545.00 Mn |
| Dec 31, 2021 | 540.00 Mn |
| Sep 30, 2021 | 539.00 Mn |
API Access
Xcel Energy Shares Outstanding (Diluted) API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=shares-outstanding-diluted&ticker=XEL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "ticker": "XEL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=shares-outstanding-diluted&ticker=XEL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();