Energy Transfer LP (ET) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Low Risk
Limited dilution potential
Last updated: May 07, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 2.1% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
3.4B
Potential Supply
0
Additional shares possible
Splits
None
Past 2 years

Summary

ET currently has 3.44B outstanding shares. with minimal authorized share overhang for future dilution. The company has minimally diluted shareholders by 2.1% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 07, 2026

10-Q filing | 3441.2M shares outstanding

3.4B 0
Nov 06, 2025

10-Q filing | 3433.4M shares outstanding

3.4B 0
Aug 07, 2025

10-Q filing | 3432.7M shares outstanding

3.4B 0
May 08, 2025

10-Q filing | 3431.8M shares outstanding

3.4B 0
Feb 14, 2025

10-K filing | 3431.2M shares outstanding

3.4B 0
Nov 07, 2024

10-Q filing | 3423.9M shares outstanding

3.4B 0
Aug 08, 2024

10-Q filing | 3422.2M shares outstanding

3.4B 0
Jul 26, 2024

S-3/A filing: This S-3/A filing discusses shelf underwritten offerings and block trades of registrable units, including the process for holders to request inclusion and the parent company's responsibilities.

3.4B 0
Jul 17, 2024

S-3 filing: ENERGY TRANSFER LP is offering 50,827,536 common units representing limited partner interests by the selling unitholders.

3.4B 0
May 29, 2024

8-K filing: Energy Transfer LP will issue up to 50,827,536 common units to WTG Midstream LLC as partial consideration for the acquisition of WTG Midstream Holdings LLC, with the acquisition expected to close in the third quarter of 2024.

3.4B 0
May 09, 2024

10-Q filing | 3370.0M shares outstanding

3.4B 0
Feb 16, 2024

10-K filing | 3367.8M shares outstanding

3.4B 0
Nov 02, 2023

10-Q filing | 3145.1M shares outstanding

3.1B 0
Aug 03, 2023

10-Q filing | 3143.2M shares outstanding

3.1B 0
May 17, 2023

S-3/A filing: This is an S-3/A filing. The filing pertains to undertakings related to filing post-effective amendments and liability under the Securities Act of 1933.

3.1B 0
May 09, 2023

S-3 filing: ENERGY TRANSFER LP is offering 44,470,318 Common Units representing limited partner interests by the Selling Unitholder.

3.1B 0
May 04, 2023

10-Q filing | 3096.8M shares outstanding

3.1B 0
Mar 28, 2023

8-K filing: Energy Transfer LP's subsidiary will issue 44,470,318 common units to affiliates of EnCap Flatrock Midstream as partial consideration for the acquisition of Lotus Midstream Operations, LLC.

3.1B 0
Feb 17, 2023

10-K filing | 3094.6M shares outstanding

3.1B 0
Nov 03, 2022

10-Q filing | 3088.5M shares outstanding

3.1B 0
Aug 04, 2022

10-Q filing | 3087.0M shares outstanding

3.1B 0
May 05, 2022

10-Q filing | 3085.5M shares outstanding

3.1B 0
Feb 18, 2022

10-K filing | 3082.8M shares outstanding

3.1B 0
Dec 06, 2021

S-3 filing: ENERGY TRANSFER LP is offering 296,389,489 common units representing limited partner interests by the selling unitholders.

2.7B 300M
Nov 04, 2021

10-Q filing | 2705.9M shares outstanding

2.7B 0
Aug 05, 2021

10-Q filing | 2704.9M shares outstanding

2.7B 0
May 07, 2021

10-Q filing | 2703.5M shares outstanding

2.7B 0
Feb 19, 2021

10-K filing | 2702.4M shares outstanding

2.7B 0
Nov 05, 2020

10-Q filing | 2697.7M shares outstanding

2.7B 0
Aug 06, 2020

10-Q filing | 2695.8M shares outstanding

2.7B 0
May 11, 2020

10-Q filing | 2694.3M shares outstanding

2.7B 0
Feb 21, 2020

10-K filing | 2689.9M shares outstanding

2.7B 0
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