Last $42.97 USD
Change Today -0.30 / -0.69%
Volume 283.3K
TEP On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 6:40 PM 10/22/14 All times are local (Market data is delayed by at least 15 minutes).

tallgrass energy partners lp (TEP) Snapshot

Open
$43.27
Previous Close
$43.27
Day High
$44.39
Day Low
$42.69
52 Week High
09/18/14 - $47.04
52 Week Low
11/8/13 - $23.41
Market Cap
2.1B
Average Volume 10 Days
312.1K
EPS TTM
$1.19
Shares Outstanding
32.7M
EX-Date
10/29/14
P/E TM
36.1x
Dividend
$1.64
Dividend Yield
3.07%
Current Stock Chart for TALLGRASS ENERGY PARTNERS LP (TEP)

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tallgrass energy partners lp (TEP) Details

Tallgrass Energy Partners, LP acquires, owns, develops, and operates various midstream energy assets in North America. The company operates in two segments, Gas Transportation and Storage, and Processing. The Gas Transportation and Storage segment owns and operates natural gas pipelines and integrated natural gas storage facilities with approximately 4,645 miles of transportation pipelines in Wyoming, Colorado, Kansas, Missouri, and Nebraska. This segment provides services primarily to third-party local distribution companies, industrial users, and other shippers. The Processing segment owns and operates natural gas processing, treatment, and fractionation facilities that produces natural gas liquids and residue gases, which are sold in local wholesale markets or delivered into pipelines for transportation to additional end markets. This segment serves retail propane dealers and oil refiners. Tallgrass Energy Partners, LP was founded in 2013 and is based in Overland Park, Kansas.

Founded in 2013

tallgrass energy partners lp (TEP) Top Compensated Officers

Chief Executive Officer of Tallgrass MLP GP L...
Total Annual Compensation: $400.0K
Chief Financial Officer of Tallgrass MLP GP L...
Total Annual Compensation: $450.0K
Chief Operating Officer of Tallgrass MLP GP L...
Total Annual Compensation: $475.0K
Executive Vice President of Tallgrass MLP GP ...
Total Annual Compensation: $450.0K
Compensation as of Fiscal Year 2013.

tallgrass energy partners lp (TEP) Key Developments

Tallgrass Energy Partners Announces Pony Express Pipeline in Commercial Service

Tallgrass Energy Partners, LP announced that line fill for the Tallgrass Pony Express Pipeline, LLC ("Pony Express") crude oil pipeline project is complete and the pipeline is in commercial service. Pony Express owns an approximately 690 mile crude oil pipeline commencing in Guernsey, Wyoming and terminating in Cushing, Oklahoma, with delivery points at Ponca City Refinery and Deeprock in Cushing. Upon completion of ongoing construction, Pony Express will also own an approximate 66 mile lateral in Northeast Colorado that will commence in Weld County, Colorado and interconnect with the Pony Express mainline just east of Sterling, Colorado. The lateral in Northeast Colorado is expected to be in service sometime during the first half of 2015.

Tallgrass Energy Partners, LP Declares Third Quarter Cash Distribution Payable on November 14, 2014

Tallgrass Energy Partners, LP announced that the board of directors of its general partner declared a quarterly cash distribution to partners of $0.41 per common unit for the third quarter of 2014, or $1.64 on an annualized basis. This represents an amount that is 42.6% over TEP's minimum quarterly distribution, a 37.8% increase from the third quarter of 2013 and a 7.9% sequential increase from the second quarter 2014 distribution of $0.38. The quarterly distribution will be paid on November 14, 2014, to unitholders of record as of the close of business on October 31, 2014.

Tallgrass Energy Partners, LP, Tallgrass Pony Express Pipeline, LLC - M&A Call

Tallgrass Energy Partners, LP, Tallgrass Pony Express Pipeline, LLC - M&A Call

 

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Industry Analysis

TEP

Industry Average

Valuation TEP Industry Range
Price/Earnings 37.5x
Price/Sales 5.8x
Price/Book 2.4x
Price/Cash Flow 25.2x
TEV/Sales 6.2x
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