| Magellan Midstream Partners is engaged in the transportation, storage and distribution of refined petroleum products and crude oil. Co.'s segments are: refined products, which consists of its refined products pipeline system, independent terminals and ammonia pipeline system; crude oil, which comprises crude oil pipelines, condensate splitter and storage facilities and ships crude oil as a common carrier for customers including crude oil producers, end users such as refiners, and marketing and trading companies; and marine storage, which owns and operates marine storage terminals located along coastal waterways. We show 43 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.