Spectra Energy Partners is a partnership holding company. Through its subsidiaries and equity affiliates, Co. is engaged in the transmission, storage and gathering of natural gas, and the transportation and storage of crude oil, through interstate pipeline systems in the U.S. and Canada. Co.'s operations and activities are managed by its general partner, Spectra Energy Partners (DE) GP, LP. Co. manages its business in two reportable segments: U.S. Transmission, which provides transmission, storage, and gathering of natural gas in northeastern and southeastern U.S.; and Liquids, which provides transportation and storage of crude oil in central U.S. and Canada. We show 36 historical shares outstanding datapoints in our SEP shares outstanding history coverage, used to compute SEP market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing SEP market cap history over the course of time is important for investors
interested in comparing SEP'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 SEP versus a peer is one thing; comparing
SEP 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 SEP can fluctuate over the course of history.
With this page we aim to empower investors researching SEP by allowing them to research the SEP market cap history. |
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Video: The Importance of Market Cap
