Tallgrass Energy Partners owns, operates, acquires and develops midstream energy assets in North America. Co.'s segments are: Crude Oil Transportation and Logistics, which include the ownership and operation of a crude oil pipeline system and crude oil storage and terminalling facilities; Natural Gas Transportation and Logistics, which include the ownership and operation of interstate natural gas pipelines and integrated natural gas storage facilities; and Processing and Logistics, which include the ownership and operation of natural gas processing, treating and fractionation facilities, the provision of water business services, and the transportation of natural gas liquids. We show 18 historical shares outstanding datapoints in our TEP shares outstanding history coverage, used to compute TEP market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing TEP market cap history over the course of time is important for investors
interested in comparing TEP'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 TEP versus a peer is one thing; comparing
TEP 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 TEP can fluctuate over the course of history.
With this page we aim to empower investors researching TEP by allowing them to research the TEP market cap history. |
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Video: The Importance of Market Cap
