| Altus Midstream operates its business through Altus Midstream LP and its subsidiaries, which include Altus Midstream Operating (collectively, Altus Midstream). Altus Midstream owns gas gathering, processing and transmission assets in the Permian Basin of West Texas, anchored by midstream service contracts to service Apache Corporation's production from Alpine High resource play and surrounding areas. Additionally, Co. owns equity interests in a total of four Permian Basin pipelines that will access various points along the Texas Gulf Coast, providing it with integrated, wellhead-to-water connectivity. We show 14 historical shares outstanding datapoints in our ALTM shares outstanding history coverage, used to compute ALTM market cap on those dates.|
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing ALTM market cap history over the course of time is important for investors
interested in comparing ALTM's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of ALTM versus a peer is one thing; comparing
ALTM market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like ALTM can fluctuate over the course of history.
With this page we aim to empower investors researching ALTM by allowing them to research the ALTM market cap history.