Kinder Morgan is an energy infrastructure company. Co.'s segments are: Natural Gas Pipelines, which owns and operates main interstate and intrastate natural gas pipeline and storage systems, among others; Products Pipelines, which owns and operates refined petroleum products, crude oil and condensate pipelines; Terminals, which owns and/or operates liquids and bulk terminal facilities; and Carbon Dioxide (CO2), which produces, transports and markets CO2, owns and/or operates oil fields and gasoline processing plants in West Texas, owns and operates a crude oil pipeline system in West Texas, and owns and operates renewable natural gas and liquefied natural gas facilities in Indiana. We show 52 historical shares outstanding datapoints in our KMI shares outstanding history coverage, used to compute KMI market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing KMI market cap history over the course of time is important for investors
interested in comparing KMI'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 KMI versus a peer is one thing; comparing
KMI 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 KMI can fluctuate over the course of history.
With this page we aim to empower investors researching KMI by allowing them to research the KMI market cap history. |
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Video: The Importance of Market Cap
