Magellan Midstream Partners is engaged in the transportation, storage and distribution of refined petroleum products and crude oil. Co.'s refined products segment consists of: refined products pipeline system, which provides pipeline capacity and tank storage services, as well as provides services such as terminalling, ethanol and biodiesel unloading and loading, additive injection, custom blending, laboratory testing and data services to shippers; independent terminals, which provides ancillary services; and marine terminals, which provides storage and related services. Co.'s crude oil segment includes crude oil pipelines, a condensate splitter and storage facilities. We show 56 historical shares outstanding datapoints in our coverage of MMP's shares outstanding history.
Understanding the changing numbers of MMP shares outstanding — and
comprehending the concept of differing number of shares outstanding in general comparing companies like MMP 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 MMP by allowing them to research MMP shares outstanding history
as well as any other stock in our coverage universe. |
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Video: Shares Outstanding Importance
