Shares Outstanding for Energy Transfer LP (ET)
According to Energy Transfer LP's latest reported financial statements, the company's latest reported diluted shares outstanding is 3.65B. Diluted weighted-average shares outstanding is the share count used to compute per-share metrics like EPS. Buybacks lower it; new issuance, stock-based compensation, and convertible securities raise it. Multiply by the stock price for market capitalization.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
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Latest period
3.65B
YoY change
+6.7%
5Y CAGR
+6.2%
Peak year (2025)
3.65B
Latest annual
3.65B
Shares Outstanding history chart for Energy Transfer LP (ET) from 2004 to 2025
Shares Outstanding history table for Energy Transfer LP (ET) from 2004 to 2025
| Fiscal year | Period ended | Reported | Shares Outstanding | YoY |
|---|---|---|---|---|
| 2025 | 3.65B | +6.7% | ||
| 2024 | 3.42B | +7.7% | ||
| 2023 | 3.18B | +2.6% | ||
| 2022 | 3.10B | +13.0% | ||
| 2021 | 2.74B | +1.6% | ||
| 2020 | 2.70B | +2.2% | ||
| 2019 | 2.64B | +80.5% | ||
| 2018 | 1.46B | +27.0% | ||
| 2017 | 1.15B | +6.7% | ||
| 2016 | 1.08B | +1.3% | ||
| 2015 | 1.06B | -2.8% | ||
| 2014 | 1.09B | -2.4% | ||
| 2013 | 1.12B | +4.9% | ||
| 2012 | 1.07B | +19.9% | ||
| 2011 | 891.80M | +0.0% | ||
| 2010 | 891.76M | +0.0% | ||
| 2009 | 891.59M | +0.0% | ||
| 2008 | 891.32M | +8.9% | ||
| 2007 | 818.31M | +52.9% | ||
| 2006 | 535.28M | +0.8% | ||
| 2005 | 531.18M | +0.5% | ||
| 2004 | 528.56M | — |
Shares Outstanding values are taken from Energy Transfer LP's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
The 2025 reading of Energy Transfer LP (ET) diluted shares outstanding is 3.65B – grew 6.7% year-over-year.
Through 2020–2025 (5 years), Energy Transfer LP diluted shares outstanding delivered a +6.2% annualised rate; sustaining 10 straight years of year-over-year growth.
2025 marks the peak diluted shares outstanding at 3.65B, with the historical low of 528.56M recorded in 2004.
Among 8 Energy peers, Energy Transfer LP (ET) ranks 2nd; the peer median for diluted shares outstanding is 1.37B.
Energy Transfer LP Shares Outstanding by Year
Energy Transfer LP Shares Outstanding 2025: 3.65B
Energy Transfer LP diluted shares outstanding in 2025 was 3.65B, grew 6.7% from 2024. This figure represents the highest annual value in the available history.
Energy Transfer LP Shares Outstanding 2024: 3.42B
Energy Transfer LP diluted shares outstanding in 2024 was 3.42B, grew 7.7% from 2023.
Energy Transfer LP Shares Outstanding 2023: 3.18B
Energy Transfer LP diluted shares outstanding in 2023 was 3.18B, edged up 2.6% from 2022.
Energy Transfer LP Shares Outstanding 2022: 3.10B
Energy Transfer LP diluted shares outstanding in 2022 was 3.10B, grew 13.0% from 2021.
Energy Transfer LP Shares Outstanding 2021: 2.74B
Energy Transfer LP diluted shares outstanding in 2021 was 2.74B.
See more financial history for Energy Transfer LP (ET).
Sector peers — Shares Outstanding
Companies in the same sector as Energy Transfer LP, ranked by their latest diluted shares outstanding.
| Company | Shares Outstanding | Sector |
|---|---|---|
| Exxon Mobil Corporation (XOM) | 4.30B | Energy |
| Enbridge Inc. (ENB) | 2.19B | Energy |
| Chevron Corporation (CVX) | 1.86B | Energy |
| SLB N.V. (SLB) | 1.49B | Energy |
| ConocoPhillips (COP) | 1.25B | Energy |
| The Williams Companies, Inc. (WMB) | 1.22B | Energy |
| EOG Resources, Inc. (EOG) | 539.23M | Energy |
| Valero Energy Corporation (VLO) | 309.00M | Energy |
Frequently asked questions
What is Energy Transfer LP's diluted shares outstanding?
- Latest reported diluted shares outstanding for Energy Transfer LP (ET) is 3.65B (period ending December 31, 2025).
How has Energy Transfer LP diluted shares outstanding changed year-over-year?
- Energy Transfer LP (ET) diluted shares outstanding changed +6.7% year-over-year on the latest annual filing.
What is the long-term growth rate of Energy Transfer LP diluted shares outstanding?
- Energy Transfer LP (ET) diluted shares outstanding compound annual growth rate is +6.2% over the most recent 5 years available.
When did Energy Transfer LP diluted shares outstanding hit its highest annual value?
- Energy Transfer LP diluted shares outstanding reached its highest annual value of 3.65B in 2025.
What was Energy Transfer LP diluted shares outstanding in 2024?
- Energy Transfer LP (ET) diluted shares outstanding in 2024 was 3.42B.
What was Energy Transfer LP diluted shares outstanding in 2025?
- Energy Transfer LP (ET) diluted shares outstanding in 2025 was 3.65B.
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