Last $46.36 USD
Change Today +1.10 / 2.43%
Volume 125.4K
TEP On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 09/17/14 All times are local (Market data is delayed by at least 15 minutes).

tallgrass energy partners lp (TEP) Snapshot

Open
$45.58
Previous Close
$45.26
Day High
$46.68
Day Low
$45.36
52 Week High
09/17/14 - $46.68
52 Week Low
09/18/13 - $22.70
Market Cap
2.3B
Average Volume 10 Days
134.0K
EPS TTM
$1.19
Shares Outstanding
32.7M
EX-Date
07/28/14
P/E TM
39.0x
Dividend
$1.52
Dividend Yield
2.84%
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, LP, Tallgrass Pony Express Pipeline, LLC - M&A Call

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

Tallgrass Energy Partners, LP Presents at 2014 Citi One-on-One MLP / Midstream Infrastructure Conference, Aug-19-2014

Tallgrass Energy Partners, LP Presents at 2014 Citi One-on-One MLP / Midstream Infrastructure Conference, Aug-19-2014 . Venue: Encore at Wynn Las Vegas, 3121 Las Vegas Boulevard South, Las Vegas, NV 89109, United States.

Tallgrass Energy Partners, LP Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Declares Quarterly Cash Distribution, Payable on August 14, 2014

Tallgrass Energy Partners, LP reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net income of $16,812,000, net income attributable to partners was $16,867,000 or $0.38 per diluted common and subordinated unit on total Revenue was $77,320,000 against net loss and net loss attributable to partners was $13,227,000 or $0.33 per diluted common and subordinated unit on total Revenue was $69,347,000 a year ago. Operating income was $8,562,000 compared to $7,349,000 a year ago. Adjusted EBITDA was $19,952,000 compared to $16,363,000 a year ago. Maintenance capital expenditures were $2,531,000 compared to $1,681,000 a year ago. For the six months, the company reported net income of $35,444,000, net income attributable to partners was $35,499,000 or $0.68 per diluted common and subordinated unit on total Revenue was $172,099,000 against net loss and net loss attributable to partners was $8,759,000 or $0.33 per diluted common and subordinated unit on total Revenue was $135,035,000 a year ago. Operating income was $27,103,000 compared to $17,025,000 a year ago. Net cash provided by operating activities was $34,953,000 compared to $32,683,000 a year ago. Capital expenditures were $19,851,000 compared to $20,724,000 a year ago. Adjusted EBITDA was $48,785,000 compared to $36,704,000 a year ago. Maintenance capital expenditures were $3,472,000 compared to $1,945,000 a year ago. The company announced that board of directors of TEP's general partner declared a quarterly cash distribution to partners of $0.38 per common unit for the second quarter of 2014. This quarterly distribution represents $1.52 on an annualized basis. The quarterly distribution will be paid on August 14, 2014, to unit holders of record as of the close of business on July 30, 2014.

 

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Industry Analysis

TEP

Industry Average

Valuation TEP Industry Range
Price/Earnings 39.2x
Price/Sales 6.1x
Price/Book 2.5x
Price/Cash Flow 26.4x
TEV/Sales 6.6x
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