Last $72.15 USD
Change Today +0.07 / 0.10%
Volume 38.9K
TLLP On Other Exchanges
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As of 8:04 PM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

tesoro logistics lp (TLLP) Key Developments

Tesoro Logistics LP Announces Quarterly Cash Distribution, Payable on August 14, 2014

Tesoro Logistics LP announced the declaration of its quarterly cash distribution for the second quarter 2014 of $0.615 per limited partnership unit, or $2.46 on an annualized basis. This distribution represents a 4% increase over the quarterly distribution of $0.59 per unit ($2.36 per unit on an annualized basis) paid in May 2014. In the prior four quarters, TLLP has increased its distribution to limited partners by 21%. The second quarter distribution will be paid August 14, 2014, to all unitholders of record as of August 4, 2014.

TLLP Mulls Acquisitions

Tesoro Logistics LP (NYSE:TLLP) is seeking acquisition opportunities. TLLP has reached an agreement to acquire certain terminalling and pipeline assets. These terminals and pipeline provide critical crude oil and refined product infrastructure in the West Coast market and fit our strategic model of growing distributions through acquisition and development of logistics assets with stable, fee based revenues," Greg Goff, TLLP's Chairman and Chief Executive Officer, said.

Tesoro Logistics LP Presents at NAPTP 2014 MLP Investor Conference, May-21-2014

Tesoro Logistics LP Presents at NAPTP 2014 MLP Investor Conference, May-21-2014 . Venue: Sawgrass Marriott Golf Resort & Spa, 1000 PGA TOUR Boulevard, Ponte Vedra Beach , FL 32082, United States.

Tesoro Logistics LP Announces Quarterly Cash Distribution

On April 23, 2014, the Tesoro Logistics LP announced its quarterly cash distribution of $39.0 million, or $0.59 per unit, or $2.36 on an annualized basis. The declared distribution represents a 20% increase over the first quarter 2013 distribution of $0.49 paid in May 2013.

Tesoro Logistics LP Reports Unaudited Earning Results for the First Quarter Ended March 31, 2014

Tesoro Logistics LP reported unaudited earning results for the first quarter ended March 31, 2014. The company reported first quarter 2014 net income of $44.5 million, or $0.64 per diluted common limited partner unit. Included in net income is a $4.7 million, or $0.04 per diluted common limited partner unit net gain on the sale of assets related to the Partnership's divestiture of its Boise, Idaho refined products terminal (Boise Terminal). In first quarter 2013 net income of $18.7 million, or $0.37 per diluted common limited partner unit. Total Revenues were $125.049 million, against $51.622 million for the same period last year. Operating income was $62.245 million, against $24.259 million for the same period last year. Limited partners' interest in net income was $37.662 million, against $17.142 million for the same period last year. Distributable cash flow for the first quarter 2014 totaled $66.0 million. Excluding cash proceeds associated with the sale of the Boise Terminal of $9.7 million, first quarter 2014 distributable cash flow totaled $56.3 million, which was up $33.3 million or 145%, from the first quarter 2013 distributable cash flow of $23.0 million reflecting significant growth through acquisitions. Adjusted EBITDA for the first quarter 2014, which excludes Northwest Products Pipeline inspection and maintenance costs of $2.1 million and the $4.7 million net gain on sale of assets related to the divestiture of the Boise Terminal, totaled $75.2 million, up $46.7 million from the first quarter 2013. EBITDA was $77.770 million, against $28.340 million for the same period last year. Maintenance capital expenditures were $1.664 million, against $1.896 million for the same period last year. Net cash from operating activities was $70.671 million, against $29.704 million for the same period last year. Total Capital Expenditures were $26.484 million, against $10.236 million for the same period last year.

 

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TLLP

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Valuation TLLP Industry Range
Price/Earnings 40.5x
Price/Sales 10.4x
Price/Book 12.8x
Price/Cash Flow 37.5x
TEV/Sales 7.3x
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