On this page of Benford's Law Stocks.com we present our study of XCEL ENERGY INC — ticker symbol XEL. SEC filings have been screened by our Benford's Law software, for quarterly 10Q and annual 10K filings from 7/31/2020 to 4/24/2025 for XCEL ENERGY INC under CIK number 0000072903. For filings made in XBRL (eXtensible Business Reporting Language) format, our algorithm extracts all "tagged" numbers presented by the company; for any non-XBRL filings our algorithm uses its own interal set of rules to extract what it believes to be numbers as found throughout the filings. The format found for each filing is presented below together with the results for XEL, with the percentage of found numbers beginning with each digit (1's, 2's, 3's, 4's, 5's, 6's, 7's, 8's, and 9's) charted against the "normal" range observed throughout our coverage universe, as well as the "normal" range for XCEL ENERGY INC based on the past XEL filings our system processed in the past.
Benford Chart for XEL 10Q Filed 4/24/2025
28.6
15.8
11.5
8.6
10.6
7.1
6.5
6.3
5.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
XBRL? ✓  [ original filing, XEL stockholder letter ]
Total numbers found: 893
Recent share count: 576,010,585 (5's column)

■ = Typical range across full coverage universe
# of Numbers Found in Filing
Benford's Law Stocks Indicator
893
High count compared to other filers, with XEL falling in the highest quartile of filers. At this number count, it would take about 9 numbers to move any given column by a full percentage point.
Benford's Law Stocks Score for XEL = 94
94

Starting from a possible score of 100, we made the following score deductions:
 • The 5's percentage was higher than the 4's percentage, increasing the penalty multiplier.
 • However, because we observed that the company's shares outstanding count begins with the digit 5, we canceled the penalty multiplier.
 • We deducted points upon observing the 5's percentage was above the typical coverage universe range.
 • We deducted point upon observing the 8's percentage was above the typical coverage universe range.
 • We deducted points upon observing the 8's percentage was above the company's typical historical range.
XEL's Score Vs. Typical Stock
Benford's Law Stocks Indicator
XEL
High score compared to other filers, with XEL falling in the highest quartile of filers.
Other Stocks Ranking Near XEL
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Check our work! We provide our XCEL ENERGY INC Benford's Law analysis for informational purposes only, and our software should be expected to make mistakes and contain errors (nothing you see on this website should be relied upon for any decision-making without first repeating the analysis yourself independently), and so below we present to you all of the numbers our system detected, for the XEL filing above. This way, you can open the filing on your own and compare what you see below against what you yourself find. This can also be helpful for exploring any columns in particular that caught your eye.

1's 2's 3's
We found 255 numbers that start with the digit 1. Here they are:
1,055
16
1,020
110
170
171
14
1
14
1
1
13
154
1
19
17
18
105
114
180
124
103
1,028
1,050
1,988
1,537
189
179
1,991
1,556
1,478
122
10
1,907
179
129
1,123
131
18
15
1,123
179
1,287
1,249
113
114
1,077
1,060
1,103
1,103
1,942
1,781
139
146
132
129
16,808
16,738
1,000,000,000
1,441
1,436
19,804
19,522
1,387
17,616
10
12
1,389
17,841
1,436
19,522
117
122
11
1,441
19,804
1,394
1,360
107
111
1,287
1,249
149
164
1,730
1,793
19,852
1,238
1,785
1,314
1,500
1,080
150
150
18.3
1.1
1.75
122
1
1.08
18.3
1.35
116
1.7
1.36
17
1
1,557
1,333
10
1,663
13
172
172
17
1,003
13
148
1,055
16
10
1,437
1,276
1,559
173
173
158
158
19
166
1.2
14.5
1.4
1.4
1,015
1,015
14
1,556
1
1,557
1,605
14
1,015
156
1,025
1,025
14
1,583
1
1,584
1,622
14
1,025
156
107
18
11
11
12
1
1
1
13
13
1
1
12
14
12
1
1
1
14
12
16
11
1
14
14
14
14
108
145
113
138
114
11
14
14
14
11
16
1
1
1
1
1
1
16
12
11
12
11
15
16
12
118
19
19
1
1
13
12
15
16
125
151
113
180
110
138
13
15
100
13
11
1
1
1,014
1,382
131
143
145
1,108
104
1
1
1
1
1,055
1,060
1,020
1,020
106
172
195
1
1
105
190
186
18
158
156
161
We found 141 numbers that start with the digit 2. Here they are:
2,835
2,685
23
2
2,970
291
23
277
27
22
23
29
20
25
29
28
241
240
2
24
2,077
280
252
230
2,806
2,849
280
219
227
29,396
27,316
2.50
23
23
2
2,181,453
2
20,249
209
291
2,790
2.5
21.1
2.8
21.1
2
2,292
206
206
2,687
203
2,835
274
2
2,169
21
2,519
21
2
208
2,685
23
21.0
21.0
25.9
2
2,160
241
2,130
246
258
282
28
23
29
29
2
26
22
2
22
20
23
23
24
22
20
22
20
27
23
24
24
25
22
25
22
2
2
27,298
28,419
25,115
2
2
2
2
2
2
25
225
290
215
211
290
290
285
210
21
20
206
274
225
219
2
29
22
22
23
23
2,835
2,835
228
204
234
2,685
2
2,686
223
27
213
28
We found 103 numbers that start with the digit 3. Here they are:
3,906
3,649
3,229
37
332
309
37
322
306
372
37
3,888
3,896
330
328
314
37
37
3,756
3,713
352
304
304
328
328
3,559
3,515
3,598
3,491
3,124
3,094
3,550
3,550
3,550
350
30
320
35
37
3,257
3,703
3
3,906
34
36
3,032
3,441
3,649
33.1
3,491
39
39
39
3,494
321
3
390
38
39
3
32
34
32
34
30
37
30
37
36
32
35
33
31
31
37
37
34
36
32
34
36
32
3
30,499
39
38
307
35
368
3,751
39
33
39
30
3,890
3,895
30
34
342
3,626
3,628
33
358
4's 5's 6's
We found 77 numbers that start with the digit 4. Here they are:
483
48
422
461
483
488
483
488
4
479
483
488
48
4
452
48
4,325
477
488
488
483
483
4
4
426
406
4,720
4.61
4.65
4.64
41
42
420
4.75
400
40
4.7
4.8
4
40
49
49
49
49
47
4
4
4
48
40
47
47
4
4
4
47
40
42
40
40
4
49
4
4
4,087
45
4
4
41
4
4
41
483
483
483
49
488
We found 95 numbers that start with the digit 5. Here they are:
576,760,613
513
575
556
577
556
5
511
58
50
501
55
561
5,368
58,807
57,198
535
5,368
5,319
576,547,051
574,365,598
554,941,703
55
528,599
555,470,302
574,365,598
57
5
576,547,051
50
57,386
56,791
5,956
58,807
57,198
508
5.47
54
500
5.60
5.35
5.85
51
52
568
59
5.6
5.9
575
556
577
556
529
522
59
5
5
5
59
54
59
5
55
57
57
57
51
5
52
52
5
500
50
57
58
5
5
59
50
53
5
5
5
5
513
513
567
56
537
537
54
503
568
516
516
We found 63 numbers that start with the digit 6. Here they are:
686
605
658
677
679
61
664
6
63
65
6
64
61
625
666
627
652
635
695
631
617
635
6,741
6,459
6,100
6,010
68
6
6
68
625
666
695
646
623
600
64.44
632
68
6.7
6
61
69
6
6
64
6
6
6
61
61
66
6
6
69
61
68
673
625
61
608
655
67
7's 8's 9's
We found 58 numbers that start with the digit 7. Here they are:
728
7
734
78
73
769
75
72
749
73
72
730
72,749
70,035
719
72
77
72
72,749
70,035
7,858
71
72
78,582
76,653
719
700
700
77
760
72
75
750
78
703
703
77
79
7
72
73
72
7
7
7
7
7
7
72
77
7
7
79
71
70
72
71
724
We found 56 numbers that start with the digit 8. Here they are:
8
8
84
88
84
88
8
8
81
83
8
878
891
832
8,574
8,512
815
852
889
867
8,706
8,553
8,465
8,481
8,042
8,553
8,706
859
842
8
879
856
870
857
866
832
846
833
870
8
8
89
81
8
8
8
82
83
82
83
88
8
883
889
87
85
We found 45 numbers that start with the digit 9. Here they are:
941
948
97
9
9
9
944
99
9,729
9,601
94
9,601
9
9,729
96
9,951
9,834
9
924
952
9
901
941
9
96
96
96
96
90
90
98
92
95
92
99
90
91
93
94
99
95
941
942
948
948
While the above XEL 10Q Filed 4/24/2025 is interesting in isolation, we have found that it is also useful to take a look at older XCEL ENERGY INC filings processed by our Benford's Law Stocks algorithm, to see how the company's filings "typically look" on a Benford's Law analysis. Below we repeat the 10Q Filed 4/24/2025 but instead of the chart comparing against the typical company across our coverage universe, below we show the same chart compared against the typical XEL 10Q and 10K filings that we have processed historically. This is followed by similar charts for each of those historical filings.

10Q Filed 4/24/2025
28.6
15.8
11.5
8.6
10.6
7.1
6.5
6.3
5.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 94
XBRL? ✓  [ original filing ]
Total numbers found: 893

■ = Typical XEL range from 7/31/2020 to 4/24/2025
10Q Filed 8/1/2024
28.2
14.7
12.8
7.9
12.5
6.4
7.9
5.7
3.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 84
XBRL? ✓  [ original filing ]
Total numbers found: 1,183

■ = Typical XEL range from 7/31/2020 to 4/24/2025
10Q Filed 10/27/2023
33.3
14.8
10.4
9.7
9.2
7.2
6.8
5.2
3.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 100
XBRL? ✓  [ original filing ]
Total numbers found: 1,168

■ = Typical XEL range from 7/31/2020 to 4/24/2025
10K Filed 2/23/2023
29.9
16.5
12.9
10.0
9.0
8.0
5.7
3.9
4.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 99
XBRL? ✓  [ original filing ]
Total numbers found: 2,465

■ = Typical XEL range from 7/31/2020 to 4/24/2025
10Q Filed 4/28/2022
35.5
16.8
11.3
7.1
9.6
8.5
4.2
4.0
3.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 92
XBRL? ✓  [ original filing ]
Total numbers found: 840

■ = Typical XEL range from 7/31/2020 to 4/24/2025
10Q Filed 7/29/2021
29.7
18.5
11.5
8.9
11.4
7.5
4.2
3.9
4.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 95
XBRL? ✓  [ original filing ]
Total numbers found: 1,219

■ = Typical XEL range from 7/31/2020 to 4/24/2025
10Q Filed 10/29/2020
31.0
16.0
10.0
7.9
13.2
7.9
5.4
4.3
4.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 92
XBRL? ✓  [ original filing ]
Total numbers found: 1,221

■ = Typical XEL range from 7/31/2020 to 4/24/2025
10K Filed 2/27/2025
27.8
18.3
13.6
9.1
9.6
7.7
5.9
3.9
4.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 98
XBRL? ✓  [ original filing ]
Total numbers found: 2,501

■ = Typical XEL range from 7/31/2020 to 4/24/2025
10Q Filed 4/25/2024
26.3
16.0
9.9
9.1
13.8
5.7
7.6
5.8
5.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 76
XBRL? ✓  [ original filing ]
Total numbers found: 821

■ = Typical XEL range from 7/31/2020 to 4/24/2025
10Q Filed 7/27/2023
30.7
17.7
11.1
7.9
10.4
6.5
7.3
4.7
3.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 94
XBRL? ✓  [ original filing ]
Total numbers found: 1,158

■ = Typical XEL range from 7/31/2020 to 4/24/2025
10Q Filed 10/27/2022
33.7
14.9
9.9
8.9
10.3
8.9
5.5
4.4
3.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 94
XBRL? ✓  [ original filing ]
Total numbers found: 1,218

■ = Typical XEL range from 7/31/2020 to 4/24/2025
10K Filed 2/23/2022
29.6
16.3
11.4
11.2
10.2
7.4
5.7
4.5
3.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 96
XBRL? ✓  [ original filing ]
Total numbers found: 2,602

■ = Typical XEL range from 7/31/2020 to 4/24/2025
10Q Filed 4/29/2021
30.9
19.5
10.1
8.9
10.9
6.2
5.5
4.0
4.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 98
XBRL? ✓  [ original filing ]
Total numbers found: 852

■ = Typical XEL range from 7/31/2020 to 4/24/2025
10Q Filed 7/31/2020
29.8
19.4
9.5
10.2
12.4
6.5
5.0
3.9
3.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 94
XBRL? ✓  [ original filing ]
Total numbers found: 1,210

■ = Typical XEL range from 7/31/2020 to 4/24/2025
10Q Filed 10/31/2024
31.4
14.3
12.2
7.9
10.0
8.5
6.2
5.9
3.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 94
XBRL? ✓  [ original filing ]
Total numbers found: 1,187

■ = Typical XEL range from 7/31/2020 to 4/24/2025
10K Filed 2/21/2024
29.3
17.6
13.5
9.1
9.6
7.4
6.0
3.6
3.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 99
XBRL? ✓  [ original filing ]
Total numbers found: 2,475

■ = Typical XEL range from 7/31/2020 to 4/24/2025
10Q Filed 4/27/2023
31.4
17.8
10.2
9.3
9.6
6.0
6.5
4.1
5.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 88
XBRL? ✓  [ original filing ]
Total numbers found: 827

■ = Typical XEL range from 7/31/2020 to 4/24/2025
10Q Filed 7/28/2022
32.3
17.1
10.5
9.2
10.3
8.9
5.2
2.9
3.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 93
XBRL? ✓  [ original filing ]
Total numbers found: 1,206

■ = Typical XEL range from 7/31/2020 to 4/24/2025
10Q Filed 10/28/2021
30.0
16.8
10.0
8.4
12.3
8.8
5.6
4.2
4.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 92
XBRL? ✓  [ original filing ]
Total numbers found: 1,256

■ = Typical XEL range from 7/31/2020 to 4/24/2025
10K Filed 2/17/2021
29.3
16.8
11.6
11.2
10.6
6.4
6.2
4.0
3.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 95
XBRL? ✓  [ original filing ]
Total numbers found: 2,627

■ = Typical XEL range from 7/31/2020 to 4/24/2025
NCL 10Q Filed 7/18/2025:
84
TBH 10Q Filed 7/18/2025:
87
DIT 10Q Filed 7/18/2025:
80
KMI 10Q Filed 7/18/2025:
99
NFLX 10Q Filed 7/18/2025:
67
DRI 10K Filed 7/18/2025:
98
FEIM 10K Filed 7/18/2025:
60
AXP 10Q Filed 7/18/2025:
98
MMM 10Q Filed 7/18/2025:
97
ALV 10Q Filed 7/18/2025:
92
ANGO 10K Filed 7/18/2025:
86
FR 10Q Filed 7/17/2025:
53
TCBI 10Q Filed 7/17/2025:
84
UAL 10Q Filed 7/17/2025:
81
SGRP 10Q Filed 7/17/2025:
75
ELV 10Q Filed 7/17/2025:
91
MLRT 10Q Filed 7/17/2025:
98
NKE 10K Filed 7/17/2025:
92
KMTS 10K Filed 7/17/2025:
98
IIIN 10Q Filed 7/17/2025:
95
FAST 10Q Filed 7/17/2025:
96
SNA 10Q Filed 7/17/2025:
85
MMC 10Q Filed 7/17/2025:
88
TRV 10Q Filed 7/17/2025:
92
PEP 10Q Filed 7/16/2025:
92
TFIN 10Q Filed 7/16/2025:
97
PKE 10Q Filed 7/16/2025:
39
TRONU 10Q Filed 7/16/2025:
23
COOLU 10Q Filed 7/16/2025:
26
KACUF 10Q Filed 7/16/2025:
67
OAKUU 10Q Filed 7/16/2025:
43
EZOO 10Q Filed 7/16/2025:
76
OMC 10Q Filed 7/15/2025:
75
CBRRF 10Q Filed 7/15/2025:
62
DBMM 10Q Filed 7/15/2025:
9
NTRP 10Q Filed 7/15/2025:
81
CCEL 10Q Filed 7/15/2025:
53
BTCY 10K Filed 7/15/2025:
49
LVO 10K Filed 7/15/2025:
99
HUDA 10Q Filed 7/15/2025:
56
 

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