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 Video: What is a Stock Split?
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| Crestwood Equity Partners is a partnership holding company that owns and operates energy midstream infrastructure and a natural gas liquids (NGL) marketing, supply and logistics business. Co.'s midstream infrastructure business consists of storage and transportation operations, which are conducted primarily through its subsidiary, Inergy Midstream, L.P. (Inergy Midstream). Co.'s NGL marketing, supply and logistics business utilizes its West Coast processing, fractionation and storage operations and other NGL facilities that it owns or controls. In addition, through Inergy Midstream, Co. owns US Salt, LLC, a mining and salt production company, which produces evaporated salt products. According to our NRGY split history records, NRGY has had 2 splits. | |
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NRGY (NRGY) has 2 splits in our NRGY split history database. The first split for NRGY took place on January 13, 2004. This was a 2 for 1 split, meaning for each share of NRGY owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. NRGY's second split took place on June 19, 2013. This was a 1698 for 1000 split, meaning for each 1000 shares of NRGY owned pre-split, the shareholder now owned 1698 shares. For example, a 2000 share position pre-split, became a 3396 share position following the split.
When a company such as NRGY splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the NRGY split history from start to finish, an original position size of 1000 shares would have turned into 3396 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into NRGY shares, starting with a $10,000 purchase of NRGY, presented on a split-history-adjusted basis factoring in the complete NRGY split history.
NRGY -- use the split history when considering split-adjusted past price performance. |
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| Date |
Ratio |
| 01/13/2004 | 2 for 1 | | 06/19/2013 | 1698 for 1000 |
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