Global Partners LP owns, controls, or has access to terminal networks of refined petroleum products and renewable fuels in Massachusetts, Maine, Connecticut, Vermont, New Hampshire, Rhode Island, New York, New Jersey and Pennsylvania. Its segments include Wholesale, Gasoline Distribution and Station Operations (GDSO) and Commercial. Wholesale segment engages in the logistics of selling, gathering, blending, storing and transporting refined petroleum products, gasoline blendstocks, renewable fuels, crude oil and propane. In GDSO segment, gasoline distribution includes sales of branded and unbranded gasoline to gasoline station operators and sub-jobbers. We show 37 historical shares outstanding datapoints in our GLP shares outstanding history coverage, used to compute GLP market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing GLP market cap history over the course of time is important for investors
interested in comparing GLP'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 GLP versus a peer is one thing; comparing
GLP 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 GLP can fluctuate over the course of history.
With this page we aim to empower investors researching GLP by allowing them to research the GLP market cap history. |
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Video: The Importance of Market Cap
