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Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. NXG Cushing Midstream Energy Fund's average basic shares outstanding for the quarter that ended in Nov. 2023 was 2.21 Mil.
The historical data trend for NXG Cushing Midstream Energy Fund's Shares Outstanding (Basic Average) can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NXG Cushing Midstream Energy Fund Annual Data | ||||||||||||||||
Trend | Nov17 | Nov18 | Nov19 | Nov20 | Nov21 | Nov22 | Nov23 | |||||||||
Shares Outstanding (Basic Average) | Get a 7-Day Free Trial | 1.76 | 1.54 | 2.18 | 2.18 | 2.19 |
NXG Cushing Midstream Energy Fund Semi-Annual Data | |||||||||||||
Nov17 | May18 | Nov18 | May19 | Nov19 | May20 | Nov20 | May21 | Nov21 | May22 | Nov22 | May23 | Nov23 | |
Shares Outstanding (Basic Average) | Get a 7-Day Free Trial | 2.18 | 2.18 | 2.18 | 2.18 | 2.21 |
Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.
Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.
Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that exact time point. It is usually used to calculate balance sheet related items, such as Book Value per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings per Share (Diluted), etc.
NXG Cushing Midstream Energy Fund (NYSE:SRV) Shares Outstanding (Basic Average) Explanation
A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.
Be Aware
Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.
Thank you for viewing the detailed overview of NXG Cushing Midstream Energy Fund's Shares Outstanding (Basic Average) provided by GuruFocus.com. Please click on the following links to see related term pages.
Todd Sunderland | other: Adviser COO | 300 CRESCENT COURT, SUITE 1700, DALLAS TX 75201 |
Jeffrey A Engelsman | officer: Chief Compliance Officer | 865 SOUTH FIGUEROA STREET, SUITE 1800, LOS ANGELES CA 90017 |
John Alban | officer: CFO/Treasurer and Interim CCO | THE CUSHING MLP TOTAL RETURN FUND, 3300 OAK LAWN AVENUE, SUITE 650, DALLAS TX 75219 |
Saba Capital Management, L.p. | 10 percent owner | 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174 |
Mark Rhodes | officer: President | 300 CRESCENT COURT, SUITE 1700, DALLAS TX 75201 |
John M. Musgrave | other: Portfolio Manager | 8117 PRESTON ROAD, SUITE 440, DALLAS TX 75225 |
Blake Nelson | officer: Chief Financial Officer | 8117 PRESTON ROAD, SUITE 440, DALLAS TX 75225 |
Brian R Bruce | director | 5945 GLENDOWER LANE, PLANO TX 75093 |
Andrea Mullins | director | 3060 PEACHTREE ROAD NW, SUITE 500, ATLANTA GA 30305 |
Boaz Weinstein | 10 percent owner | 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174 |
Mathew Calabro | officer: Chief Compliance Officer | 8117 PRESTON ROAD, SUITE 440, DALLAS TX 75225 |
Saket Kumar | other: Adviser Managing Partner | 300 CRESCENT COURT, SUITE 1700, DALLAS TX 75201 |
Brenda A Cline | other: Trustee | 5101 TENNYSON PARKWAY, PLANO TX 75024 |
Jerry V Swank | officer: President and CEO | 3300 OAK LAWN AVENUE, SUITE 650, DALLAS TX 75219 |
Daniel L Spears | other: Partner | C/O EMERALD OIL, INC., 200 COLUMBINE, SUITE 500, DENVER CO 80206 |
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