Last $43.69 USD
Change Today +0.19 / 0.44%
Volume 77.9K
TEP On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 11/21/14 All times are local (Market data is delayed by at least 15 minutes).

tallgrass energy partners lp (TEP) Snapshot

Open
$43.82
Previous Close
$43.50
Day High
$43.88
Day Low
$43.42
52 Week High
09/18/14 - $47.04
52 Week Low
12/16/13 - $24.00
Market Cap
2.1B
Average Volume 10 Days
106.7K
EPS TTM
$1.24
Shares Outstanding
32.8M
EX-Date
10/29/14
P/E TM
35.1x
Dividend
$1.64
Dividend Yield
3.27%
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 Mulls Acquisitions

Tallgrass Energy Partners, LP (NYSE:TEP) intends to pursue acquisitions. Tallgrass Energy has filed a Follow-on Equity Offering to raise $200 million. The company intends to use the funds for general partnership purposes, which may include, among other things, repayment or refinancing of debt, funding for acquisitions, capital expenditures and additions to working capital.

Tallgrass Energy Partners, LP Declares Third Quarter Cash Distribution to Partners Payable on November 14, 2014; Reports Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended Sep. 30, 2014; Provides Dividend Guidance for the Fourth Quarter of 2014

The board of directors of Tallgrass Energy Partners, LP's general partner declared a third quarter cash distribution to partners of $0.41 per common unit for the third quarter of 2014. This quarterly distribution represents $1.64 on an annualized basis. The quarterly distribution will be paid on November 14, 2014, to unit holders of record as of the close of business on October 31, 2014. The company reported unaudited consolidated financial results for the third quarter and nine months ended Sep. 30, 2014. Total revenue was $89,953,000 compared to $68,718,000 for the same period of last year. Operating income was $11,580,000 compared to $5,401,000 for the same period of last year. Net income attributable to partners was $11,444,000 compared to $5,600,000 for the same period of last year. Diluted earnings per share was $0.23 against $0.17 per share a year ago. Adjusted EBITDA was $23,690,000 against $17,316,000 a year ago. Total revenue was $262,052,000 compared to $203,753,000 for the same period of last year. Operating income was $34,584,000 compared to $20,910,000 for the same period of last year. Net income attributable to partners was $43,853,000 compared to net loss attributable to partners of $3,664,000 for the same period of last year. Diluted earnings per share was $0.90 against $0.16 loss per share a year ago. Net cash provided by operating activities was $47,244,000 compared to $50,342,000 for the same period of last year. Capital expenditures was $642,216,000 compared to $237,059,000 for the same period of last year. Adjusted EBITDA was $69,890,000 against $54,020,000 a year ago. The company expects to increase quarterly distribution by at least $0.07 per unit for the fourth quarter of 2014 related to the Pony Express acquisition.

Tallgrass Energy Partners, LP to Report Q3, 2014 Results on Oct 30, 2014

Tallgrass Energy Partners, LP announced that they will report Q3, 2014 results at 5:00 PM, US Eastern Standard Time on Oct 30, 2014

 

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TEP

Industry Average

Valuation TEP Industry Range
Price/Earnings 36.3x
Price/Sales 6.3x
Price/Book 2.0x
Price/Cash Flow 25.4x
TEV/Sales 2.7x
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