Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Energy Transfer LP's shares outstanding for the quarter that ended in Mar. 2026 was 3,441 Mil.
Energy Transfer LP's quarterly shares outstanding
increased
from Dec. 2025 (3,440 Mil) to Mar. 2026 (3,441 Mil).
It means Energy Transfer LPissued new shares from Dec. 2025 to Mar. 2026 .
Energy Transfer LP's annual shares outstanding
increased
from Dec. 2024 (3,431 Mil) to Dec. 2025 (3,440 Mil).
It means Energy Transfer LPissued new shares from Dec. 2024 to Dec. 2025 .
Energy Transfer LP (NYSE:ET) Shares Outstanding (EOP) Explanation
A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.
Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
Energy Transfer LP Shares Outstanding (EOP) Related Terms
Energy Transfer LP Shares Outstanding (EOP) Historical Data
* Premium members only.
The historical data trend for Energy Transfer LP's Shares Outstanding (EOP) can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
ET vs KMI, MPLX, TRGP: Shares Outstanding (EOP) Comparison
For the Oil & Gas Midstream subindustry, Energy Transfer LP's Shares Outstanding (EOP), along with its competitors' market caps and Shares Outstanding (EOP) data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Energy Transfer LP Shares Outstanding (EOP) vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Energy Transfer LP's Shares Outstanding (EOP) distribution charts can be found below:
* The bar in red indicates where Energy Transfer LP's Shares Outstanding (EOP) falls into.
Energy Transfer LP Shares Outstanding (EOP) Calculation
Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.
Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.
What does a Shares Outstanding (EOP) of 3,441 Mil mean?
Energy Transfer LP (ET) has a Shares Outstanding (EOP) of 3,441 Mil as of Mar. 2026. The total shares a company has outstanding, at period-end. View historical data on Energy Transfer LP and its competitors.
Is Energy Transfer LP's Shares Outstanding (EOP) too high?
Energy Transfer LP's current Shares Outstanding (EOP) is 3,441 Mil. Overall, Energy Transfer LP has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Energy Transfer LP's Shares Outstanding (EOP) compare to KMI and MPLX?
Energy Transfer LP's Shares Outstanding (EOP) of 3,441 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (EOP) for an Oil & Gas company?
A good Shares Outstanding (EOP) depends on the Oil & Gas industry context. However, Shares Outstanding (EOP) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shares Outstanding (EOP) mean?
A high Shares Outstanding (EOP) can signal that a stock is expensive relative to its fundamentals. The total shares a company has outstanding, at period-end. View historical data on Energy Transfer LP and its competitors. Energy Transfer LP's current Shares Outstanding (EOP) is 3,441 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Energy Transfer LP stock overvalued right now?
Based on GuruFocus' analysis, Energy Transfer LP (ET) is currently considered Fairly Valued. The stock's GF Value™ is $19.07, compared to a current price of $19.17 — trading 0.5% above its estimated fair value. The current Shares Outstanding (EOP) is 3,441 Mil. Energy Transfer LP's overall GF Score™ is 84/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (EOP) calculated?
Shares Outstanding (EOP) is calculated from a company's financial statements. For Energy Transfer LP (ET), the current Shares Outstanding (EOP) is 3,441 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Energy Transfer LP (ET) Overvalued in 2026?
Based on GuruFocus' analysis, Energy Transfer LP stock appears to be overvalued.
The current stock price of $19.17 is trading 0.5% above its estimated GF Value™ of $19.07.
GuruFocus considers Energy Transfer LP to be Fairly Valued.
Key valuation signals for ET:
Shares Outstanding (EOP): 3,441 Mil
GF Value™: $19.07 vs. price of $19.17 (0.5% above fair value)
No single metric tells the full story. See the ET stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Energy Transfer is a diversified midstream firm operating from wellhead to consuming demand. It handles natural gas, natural gas liquids, crude oil, and refined products. Commodities are moved through its network of field-level gathering and processing to refineries and demand centers. Operations are concentrated in Texas and the midcontinent United States. It also controls Sunoco and USA Compression through its general partner relationship.
84GF Score
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Shares Outstanding (EOP) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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