Western Midstream Partners owns partnership interests in Western Gas Partners, LP (WES), which is engaged in the business of gathering, compressing, treating, processing and transporting natural gas; gathering, stabilizing and transporting condensate, natural gas liquids (NGLs) and crude oil; and gathering and disposing of produced water. In addition, in its capacity as a processor of natural gas, WES also buys and sells natural gas, NGLs and condensate on behalf of itself and as agent for its customers under certain of its contracts. WES provides these midstream services for Anadarko Petroleum Corporation and its subsidiaries, as well as for third-party producers and customers. We show 24 historical shares outstanding datapoints in our WGP shares outstanding history coverage, used to compute WGP market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing WGP market cap history over the course of time is important for investors
interested in comparing WGP'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 WGP versus a peer is one thing; comparing
WGP 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 WGP can fluctuate over the course of history.
With this page we aim to empower investors researching WGP by allowing them to research the WGP market cap history. |
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Video: The Importance of Market Cap
