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Shares Outstanding (EOP) are shares that have been authorized, issued, and purchased by investors and are held by them.
3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. A positive ratio may indicate share buybacks over the period, while a zero or negative ratio may reflect no repurchases or potential share issuance. Energy Transfer LP's current 3-Year Share Buyback Ratio was -3.60%.
The historical rank and industry rank for Energy Transfer LP's 3-Year Share Buyback Ratio or its related term are showing as below:
ET'
s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -37 Med: -6.5 Max: 2.3
Current: -3.6
During the past 13 years, Energy Transfer LP's highest 3-Year Share Buyback Ratio was 2.30%. The lowest was -37.00%. And the median was -6.50%.
ET's 3-Year Share Buyback Ratio is ranked worse than 50.22% of 683
companies
in the Oil & Gas industry
Industry Median: -3.5
vs ET: -3.60
Energy Transfer LP (NYSE:ET) 3-Year Share Buyback Ratio Explanation
A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.
Be Aware
Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.
Energy Transfer LP 3-Year Share Buyback Ratio Related Terms
ET vs KMI, TRGP, MPLX: 3-Year Share Buyback Ratio Comparison
For the Oil & Gas Midstream subindustry, Energy Transfer LP's 3-Year Share Buyback Ratio, along with its competitors' market caps and 3-Year Share Buyback Ratio 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 3-Year Share Buyback Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Energy Transfer LP's 3-Year Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where Energy Transfer LP's 3-Year Share Buyback Ratio falls into.
Energy Transfer LP 3-Year Share Buyback Ratio Calculation
This is the annualized percentage change in shares outstanding from three years ago to the current year. The annualized percentage change is calculated with expontential compound based on the latest four years of annual data on Shares Outstanding (EOP).
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.
What does a 3-Year Share Buyback Ratio of -3.60 mean?
Energy Transfer LP (ET) has a 3-Year Share Buyback Ratio of -3.60 as of Jun. 2026. The 3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. View historical data for Energy Transfer LP and its competitors. According to the industry distribution chart, Energy Transfer LP ranks #343 out of 683 companies in the Oil & Gas industry, placing it in the top 50.2%.
Is Energy Transfer LP's 3-Year Share Buyback Ratio too high?
Energy Transfer LP's current 3-Year Share Buyback Ratio is -3.60. Based on the distribution chart, Energy Transfer LP ranks #343 out of 683 companies in the Oil & Gas industry, which is below the industry midpoint. 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 3-Year Share Buyback Ratio compare to KMI and TRGP?
According to the Oil & Gas industry distribution chart, Energy Transfer LP ranks #343 out of 683 companies for 3-Year Share Buyback Ratio. This places Energy Transfer LP in the lower half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year Share Buyback Ratio for an Oil & Gas company?
A good 3-Year Share Buyback Ratio depends on the Oil & Gas industry context. However, 3-Year Share Buyback Ratio 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 3-Year Share Buyback Ratio mean?
A high 3-Year Share Buyback Ratio can signal that a stock is expensive relative to its fundamentals. The 3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. View historical data for Energy Transfer LP and its competitors. Energy Transfer LP's current 3-Year Share Buyback Ratio is -3.60. 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 $22.86, compared to a current price of $21.43 — trading 6.3% below its estimated fair value. The current 3-Year Share Buyback Ratio is -3.60. Energy Transfer LP's overall GF Score™ is 84/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year Share Buyback Ratio calculated?
3-Year Share Buyback Ratio is calculated from a company's financial statements. For Energy Transfer LP (ET), the current 3-Year Share Buyback Ratio is -3.60 as of Jun. 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 undervalued.
The current stock price of $21.43 is trading 6.3% below its estimated GF Value™ of $22.86.
GuruFocus considers Energy Transfer LP to be Fairly Valued.
Key valuation signals for ET:
3-Year Share Buyback Ratio: -3.60
GF Value™: $22.86 vs. price of $21.43 (6.3% below 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
Get the complete analysis for ET
3-Year Share Buyback Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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