| Tallgrass Energy GP has membership interest in Tallgrass Equity, LLC, which holds direct and indirect partnership interests in Tallgrass Energy Partners, LP (TEP). TEP owns, operates, acquires and develops midstream energy assets in North America. TEP provides crude oil transportation, natural gas transportation and storage services. TEP also performs water business services in Colorado and Texas through BNN Water Solutions, LLC. TEP's operations are located in and provide services to certain main U.S. hydrocarbon basins, including the Denver-Julesburg, Powder River, Wind River, Permian and Hugoton-Anadarko Basins and the Niobrara, Mississippi Lime, Eagle Ford and Bakken shale formations. We show 11 historical shares outstanding datapoints in our TEGP shares outstanding history coverage, used to compute TEGP market cap on those dates.|
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing TEGP market cap history over the course of time is important for investors
interested in comparing TEGP'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 TEGP versus a peer is one thing; comparing
TEGP 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 TEGP can fluctuate over the course of history.
With this page we aim to empower investors researching TEGP by allowing them to research the TEGP market cap history.