Tallgrass Energy is a limited partnership that owns, operates, acquires and develops midstream energy assets in North America. Co.'s segments are: Natural Gas Transportation, which includes the ownership and operation of natural gas pipelines and natural gas storage facility; Crude Oil Transportation, which includes the ownership and operation of crude oil pipeline system; and Gathering, Processing and Terminalling, which includes the ownership and operation of natural gas gathering and processing facilities, crude oil storage and terminalling facilities, the provision of water business services, the transportation of natural gas liquids (NGLs), and the marketing of crude oil and NGLs. We show 2 historical shares outstanding datapoints in our TGE shares outstanding history coverage, used to compute TGE market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing TGE market cap history over the course of time is important for investors
interested in comparing TGE'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 TGE versus a peer is one thing; comparing
TGE 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 TGE can fluctuate over the course of history.
With this page we aim to empower investors researching TGE by allowing them to research the TGE market cap history. |
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Video: The Importance of Market Cap
