Summit Midstream Partners is engaged in developing and operating midstream energy infrastructure assets that are located in resource basins, shale formations, in the continental U.S. Co.'s segments are: Rockies, which includes its wholly owned midstream assets located in the Williston Basin and the DJ Basin; Permian, which includes its wholly owned midstream assets located in the Permian Basin; Northest, which includes its wholly owned midstream assets located in the Utica and Marcellus shale plays; Piceance, which includes its wholly owned midstream assets located in the Piceance Basin; and Barnett, which includes its wholly owned midstream assets located in the Barnett Shale. We show 46 historical shares outstanding datapoints in our SMLP shares outstanding history coverage, used to compute SMLP market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing SMLP market cap history over the course of time is important for investors
interested in comparing SMLP'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 SMLP versus a peer is one thing; comparing
SMLP 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 SMLP can fluctuate over the course of history.
With this page we aim to empower investors researching SMLP by allowing them to research the SMLP market cap history. |
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Video: The Importance of Market Cap
