Energy Transfer LP

ET Energy Oil & Gas Midstream

Energy Transfer LP’s revenue for fiscal 2025 (year ended December 2025) was $85.5 billion, up 3.47% from fiscal 2024.

Revenue
+85.9%
EPS
+17.9%
Free cash flow
+215.5%
Total debt
+9.11%

Quarter to September 2026, against a year earlier

18.99 0.14 +0.74%
Market cap
$66.1B
P/E
12.6×
Fwd P/E
12.0×
Dividend yield
8.78%
F-score
5/9
Altman Z
n/a
Beneish M
−2.48
Dividend safety
66/100

Energy Transfer LP (ET) Shares outstanding

Alert me on Shares outstanding

Energy Transfer LP's shares outstanding at the end of fiscal 2025 was $3.4B, unchanged from fiscal 2024. At the end of the quarter to 30 September 2026 it was $3.5B. Over the past ten years it has ranged from $1.1B (fiscal 2015) to $3.4B (fiscal 2025) — the current reading is the highest in ten years. Energy Transfer LP ranks 1st of 55 Oil & Gas Midstream companies by shares outstanding.

Shares outstanding, annual

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Annual newest first

Period Shares outstanding Change
FY2025 $3.4B 0.85%
FY2024 $3.4B 7.66%
FY2023 $3.2B 2.59%
FY2022 $3.1B 13.05%
FY2021 $2.7B 1.63%
FY2020 $2.7B 2.20%
FY2019 $2.6B 80.48%
FY2018 $1.5B 26.99%
FY2017 $1.2B 6.69%
FY2016 $1.1B 1.33%

Quarterly newest first

Period Shares outstanding Change
Sep 2026 $3.5B 0.10%
Jun 2026 $3.5B 0.16%
Mar 2026 $3.5B 0.23%
Dec 2025 $3.4B (0.19%)
43 more quarters

Against its own ten years

Low $1.1B High $3.4B
Ten-year median $2.7B
Current reading's percentile 100

Shares outstanding against peers

What Shares outstanding is

Shares (Diluted, Weighted) tells an investor how many shares a company’s earnings are spread across once potential new shares are counted.

Reported line item

The full definition of Shares outstanding →

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