Genesis Energy is a holding company. Through its subsidiaries, Co. is focused on the midstream segment of the crude oil and natural gas industry in the Gulf of Mexico and the Gulf Coast region of the U.S. Co. provides an integrated suite of services to refiners, crude oil and natural gas producers, and industrial and commercial enterprises and has a portfolio of assets, including pipelines, offshore hub and junction platforms, refinery-related plants, storage tanks and terminals, railcars, rail unloading facilities, and trucks. Co.'s segments are: offshore pipeline transportation, sodium minerals and sulfur services, onshore facilities and transportation and marine transportation. We show 55 historical shares outstanding datapoints in our GEL shares outstanding history coverage, used to compute GEL market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing GEL market cap history over the course of time is important for investors
interested in comparing GEL'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 GEL versus a peer is one thing; comparing
GEL 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 GEL can fluctuate over the course of history.
With this page we aim to empower investors researching GEL by allowing them to research the GEL market cap history. |
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Video: The Importance of Market Cap
