DT Midstream, Inc. is an owner, operator, and developer of natural gas interstate and intrastate pipelines, storage and gathering systems, compression, treatment, and surface facilities. It transports clean natural gas for utilities, power plants, marketers, large industrial customers, and energy producers. Its segments include Pipeline and Gathering. The Pipeline segment owns and operates interstate and intrastate natural gas pipelines, storage systems, and natural gas gathering lateral pipelines. It also has interests in equity method investees that own and operate interstate natural gas pipelines. We show 13 historical shares outstanding datapoints in our DTM shares outstanding history coverage, used to compute DTM market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing DTM market cap history over the course of time is important for investors
interested in comparing DTM'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 DTM versus a peer is one thing; comparing
DTM 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 DTM can fluctuate over the course of history.
With this page we aim to empower investors researching DTM by allowing them to research the DTM market cap history. |
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Video: The Importance of Market Cap
