XCEL ENERGY INC (XEL) - Dilution Analysis

Visualizing historical and potential share dilution over time

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Dilution Analysis

Medium Risk

Moderate dilution risk

Last updated: April 30, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares

Recent Dilution: 11.92% (2 years)

Historical Dilution Factor: moderate recent dilution

Outstanding Shares

620M

Potential Supply

Additional shares possible

Splits

None

Past 2 years

Summary

XEL currently has 624M outstanding shares. with minimal authorized share overhang for future dilution. The company has diluted shareholders by 11.92% over the past 2 years through share issuances.

Share Structure Timeline

Outstanding Shares

Total Supply

Historical Data Points

Date	Event	Outstanding
Apr 30, 2026	10-Q filing \| 624.0M shares outstanding	620M
Oct 30, 2025	10-Q filing \| 592.0M shares outstanding	590M
Jul 31, 2025	10-Q filing \| 588.0M shares outstanding	590M
Apr 24, 2025	10-Q filing \| 577.0M shares outstanding	580M
Feb 27, 2025	10-K filing \| 563.0M shares outstanding	560M
Oct 31, 2024	10-Q filing \| 565.0M shares outstanding	570M
Aug 01, 2024	10-Q filing \| 557.0M shares outstanding	560M
Apr 25, 2024	10-Q filing \| 556.0M shares outstanding	560M
Feb 21, 2024	10-K filing \| 552.0M shares outstanding	550M
Oct 27, 2023	10-Q filing \| 552.0M shares outstanding	550M
Jul 27, 2023	10-Q filing \| 552.0M shares outstanding	550M
Apr 27, 2023	10-Q filing \| 551.0M shares outstanding	550M
Feb 23, 2023	10-K filing \| 547.0M shares outstanding	550M
Oct 27, 2022	10-Q filing \| 548.0M shares outstanding	550M
Jul 28, 2022	10-Q filing \| 546.0M shares outstanding	550M
Apr 28, 2022	10-Q filing \| 545.0M shares outstanding	550M
Feb 23, 2022	10-K filing \| 540.0M shares outstanding	540M
Oct 28, 2021	10-Q filing \| 539.0M shares outstanding	540M
Jul 29, 2021	10-Q filing \| 539.0M shares outstanding	540M
Apr 29, 2021	10-Q filing \| 538.0M shares outstanding	540M
Feb 17, 2021	10-K filing \| 528.0M shares outstanding	530M
Nov 30, 2020	8-K filing: Xcel Energy settled equity forward agreements by physically delivering 11.845 million shares of common stock and receiving cash proceeds of $720.9 million on Nov. 30, 2020. ($720.9M proceeds)	530M
Oct 29, 2020	10-Q filing \| 526.0M shares outstanding	530M
Jul 31, 2020	10-Q filing \| 527.0M shares outstanding	530M
May 07, 2020	10-Q filing \| 526.0M shares outstanding	530M
Feb 21, 2020	10-K filing \| 519.0M shares outstanding	520M

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