Plains All American Pipeline is a holding company. Through its subsidiaries, Co. owns and operates midstream energy infrastructure and provides logistics services mainly for crude oil, natural gas liquids (NGL) and natural gas. Co. has three operating segments: Transportation, which provides activities associated with transporting crude oil and NGL on pipelines, gathering systems, trucks and barges; Facilities, which provides storage, terminalling and throughput services primarily for crude oil, NGL and natural gas, as well as NGL fractionation and isomerization services and natural gas and condensate processing services; and Supply and Logistics, which provides merchant-related activities. We show 35 historical shares outstanding datapoints in our PAA shares outstanding history coverage, used to compute PAA market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing PAA market cap history over the course of time is important for investors
interested in comparing PAA'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 PAA versus a peer is one thing; comparing
PAA 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 PAA can fluctuate over the course of history.
With this page we aim to empower investors researching PAA by allowing them to research the PAA market cap history. |
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Video: The Importance of Market Cap
