CNX Midstream Partners is engaged in the ownership, operation, development and acquisition of midstream energy infrastructure in the Appalachian Basin. Co. provides midstream services to its customers' production in the Marcellus Shale and Utica Shale in Pennsylvania and West Virginia .Co.'s assets include natural gas gathering pipelines and compression and dehydration facilities, as well as condensate gathering, collection, separation and stabilization facilities. Co.'s midstream operations consist of two operating segments: Anchor Systems, which includes its midstream systems; and Additional Systems, which includes several gathering systems primarily located in Co.'s dedicated acreage. We show 13 historical shares outstanding datapoints in our CNXM shares outstanding history coverage, used to compute CNXM market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing CNXM market cap history over the course of time is important for investors
interested in comparing CNXM'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 CNXM versus a peer is one thing; comparing
CNXM 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 CNXM can fluctuate over the course of history.
With this page we aim to empower investors researching CNXM by allowing them to research the CNXM market cap history. |
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Video: The Importance of Market Cap
