Altus Midstream operates its business through Altus Midstream LP and its subsidiaries, which include Altus Midstream Operating (collectively, Altus Midstream). Altus Midstream owns gas gathering, processing and transmission assets in the Permian Basin of West Texas, anchored by midstream service contracts to service Apache Corporation's production from Alpine High resource play and surrounding areas. Additionally, Co. owns equity interests in a total of four Permian Basin pipelines that will access various points along the Texas Gulf Coast, providing it with integrated, wellhead-to-water connectivity. We show 15 historical shares outstanding datapoints in our coverage of ALTM's shares outstanding history.
Understanding the changing numbers of ALTM shares outstanding — and
comprehending the concept of differing number of shares outstanding in general comparing companies like ALTM versus peers —
is critical for investors. 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.
Furthermore, via issuance of new shares over time, or the repurchase of existing shares, the number of shares outstanding can fluctuate over the course of history.
With this page we aim to empower investors researching ALTM by allowing them to research ALTM shares outstanding history
as well as any other stock in our coverage universe. |
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Video: Shares Outstanding Importance
