Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Tallgrass Energy LP's share price for the quarter that ended in Dec. 2019 was $22.12. Tallgrass Energy LP's Shares Outstanding (EOP) for the quarter that ended in Dec. 2019 was 181.7 Mil. Therefore, Tallgrass Energy LP's market cap for the quarter that ended in Dec. 2019 was $4,019.9 Mil.
Tallgrass Energy LP's quarterly market cap
declined
from Jun. 2019 ($5,939.0 Mil) to Sep. 2019 ($5,666.1 Mil) and
declined
from Sep. 2019 ($5,666.1 Mil) to Dec. 2019 ($4,019.9 Mil).
Tallgrass Energy LP's annual market cap
increased
from Dec. 2017 ($4,047.3 Mil) to Dec. 2018 ($6,821.1 Mil) but then
declined
from Dec. 2018 ($6,821.1 Mil) to Dec. 2019 ($3,904.2 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Tallgrass Energy LP's Enterprise Value for Today is $10,131.5 Mil.
Tallgrass Energy LP Market Cap Historical Data
The historical data trend for Tallgrass Energy LP's Market Cap 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.
Competitive Comparison of Tallgrass Energy LP's Market Cap
For the Oil & Gas Midstream subindustry, Tallgrass Energy LP's Market Cap, along with its competitors' market caps and Market Cap data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Tallgrass Energy LP's Market Cap Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Tallgrass Energy LP's Market Cap distribution charts can be found below:
* The bar in red indicates where Tallgrass Energy LP's Market Cap falls into.
Tallgrass Energy LP Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Tallgrass Energy LP's Market Cap for the fiscal year that ended in Dec. 2019 is calculated as
* 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.
Tallgrass Energy LP (NYSE:TGE) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Tallgrass Energy LP Market Cap Related Terms
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Tallgrass Energy LP (Tallgrass Energy LP) Business Description
Tallgrass Energy LP is a corporate entity created after the acquisition of Tallgrass Energy Partners (the LP) by its GP in June 2018. Tallgrass operates and has participating interests in some of the more strategically important midstream assets in the Bakken and Rockies (the REX and Pony Express lines, for example). The entity focuses opportunistically on growth through acquisition and development of natural gas and crude oil transportation, as well as gathering and processing assets. Blackstone Investment Partners acquired the Tallgrass GP and 44% of the limited partnership in early 2019.
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