| Equitrans Midstream is a natural gas gatherer in the U.S. and holds a transmission footprint in the Appalachian Basin. Co. provides midstream services to its customers in Pennsylvania, West Virginia and Ohio through its three primary assets: the gathering system, which includes predominantly dry gas gathering systems of gathering lines; the transmission system, which includes U.S. Federal Energy Regulatory Commission-regulated interstate pipelines and storage systems; and the water network, which primarily consists of water pipelines and other facilities that support well completion and produced water handling activities. We show 16 historical shares outstanding datapoints in our ETRN shares outstanding history coverage, used to compute ETRN market cap on those dates.|
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing ETRN market cap history over the course of time is important for investors
interested in comparing ETRN'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 ETRN versus a peer is one thing; comparing
ETRN 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 ETRN can fluctuate over the course of history.
With this page we aim to empower investors researching ETRN by allowing them to research the ETRN market cap history.