Last $59.59 USD
Change Today +1.59 / 2.74%
Volume 1.7M
TLLP On Other Exchanges
Symbol
Exchange
New York
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As of 8:04 PM 11/21/14 All times are local (Market data is delayed by at least 15 minutes).

tesoro logistics lp (TLLP) Snapshot

Open
$58.19
Previous Close
$58.00
Day High
$59.87
Day Low
$58.05
52 Week High
06/11/14 - $75.55
52 Week Low
12/18/13 - $47.40
Market Cap
4.8B
Average Volume 10 Days
569.4K
EPS TTM
$1.87
Shares Outstanding
80.1M
EX-Date
10/30/14
P/E TM
31.9x
Dividend
$2.57
Dividend Yield
4.05%
Current Stock Chart for TESORO LOGISTICS LP (TLLP)

tesoro logistics lp (TLLP) Related Businessweek News

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tesoro logistics lp (TLLP) Details

Tesoro Logistics LP owns, operates, develops, and acquires logistics assets related to crude oil and refined products in the United States. It operates in two segments, Crude Oil Gathering, and Terminalling and Transportation. The Crude Oil Gathering segment consists of a crude oil gathering system in the Bakken Shale/Williston Basin area of North Dakota and Montana, which gathers and transports crude oil from various production locations. The Terminalling and Transportation segment owns and operates the northwest products pipeline and a jet fuel pipeline; 20 crude oil and refined products terminals and storage facilities in the western and midwestern United States; 4 marine terminals in California; a rail-car unloading facility in Washington; a petroleum coke handling and storage facility in Los Angeles; and other pipelines, which transport products and crude oil from refineries to nearby facilities in Salt Lake City and Los Angeles. Tesoro Logistics GP, LLC operates as a general partner of the company. The company was founded in 2010 and is headquartered in San Antonio, Texas.

Founded in 2010

tesoro logistics lp (TLLP) Top Compensated Officers

Chairman of Tesoro Logistics gp llc and Chief...
Total Annual Compensation: $1.7M
President of Tesoro Logistics gp llc and Dire...
Total Annual Compensation: $327.4K
Vice President of Tesoro Logistics gp llc, Ge...
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

tesoro logistics lp (TLLP) Key Developments

Tesoro Logistics LP Presents at RBC Capital Markets MLP Conference, Nov-19-2014

Tesoro Logistics LP Presents at RBC Capital Markets MLP Conference, Nov-19-2014 . Venue: The Ritz-Carlton, Dallas, Texas, United States.

Tesoro Logistics Reports Unaudited Earnings and Operating Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Capital Spending Guidance for the Full Year 2014 and 2015

Tesoro Logistics LP reported unaudited earnings and operating results for the third quarter and nine months ended September 30, 2014. For the quarter, capital spending was $63 million. Total revenues were $150 million compared to $97 million a year ago. Operating income was $61 million compared to $13 million a year ago. Net income was $32,041,000 compared to $591,000 a year ago. Net income attributable to partners was $32,315,000 or $0.33 per basic and diluted share compared to $21,053,000 or $0.37 per basic and diluted share a year ago. EBITDA was $78,845,000 compared to $29,243,000 a year ago. Adjusted EBITDA was $79,452,000 compared to $31,157,000 a year ago. Net cash from operating activities was $67,323,000 compared to $23,030,000 a year ago. Maintenance capital expenditures were $13,808,000 compared to $5,404,000 a year ago. For the quarter, the company reported crude oil gathering pipeline gathering throughput of 136 Mbpd compared to 91 Mbpd a year ago. Trucking volume was 51 Mbpd compared to 47 Mbpd a year ago. Terminalling and transportation terminalling throughput was 946 Mbpd compared to 1,020 Mbpd a year ago. Pipeline transportation throughput was 843 Mbpd compared to 213 Mbpd a year ago. For the nine months, total revenues were $410 million compared to $212 million a year ago. Operating income was $169 million compared to $53 million a year ago. Net income was $105,509,000 compared to $29,300,000 a year ago. Net income attributable to partners was $109,579,000 or $1.50 per basic and diluted share compared to $58,904,000 or $1.14 per basic and diluted share a year ago. EBITDA was $220,042,000 compared to $81,815,000 a year ago. Adjusted EBITDA was $220,971,000 compared to $83,893,000 a year ago. Net cash from operating activities was $152,817,000 compared to $72,728,000 a year ago. Maintenance capital expenditures were $19,928,000 compared to $14,692,000 a year ago. For the nine months, the company reported crude oil gathering pipeline gathering throughput of 114 Mbpd compared to 85 Mbpd a year ago. Trucking volume was 47 Mbpd compared to 45 Mbpd a year ago. Terminalling and transportation terminalling throughput was 919 Mbpd compared to 675 Mbpd a year ago. Pipeline transportation throughput was 824 Mbpd compared to 153 Mbpd a year ago. The company provided capital spending guidance for the full year 2014 and 2015. The company now estimates full year 2014 capital spending to be approximately $200 million. The company expects net earnings to be $150 million - $165 million, depreciation and amortization expense to be $70 million, interest and financing costs, net to be $80 million and EBITDA to be $300 million- 315 million. For the year 2015, the company expects net earnings to be $225 million - $265 million, depreciation and amortization expense to be $70 million, interest and financing costs, net to be $80 million and EBITDA to be $375 million- 415 million.

Tesoro Logistics LP and Tesoro Logistics LP Closes Offering of $500.0 Million Aggregate Principal Amount of 5.50% Senior Notes Due 2019

On October 29, 2014, Tesoro Logistics LP and its wholly-owned subsidiary Tesoro Logistics Finance Corp. (together with the partnership, the issuers) closed their previously announced offering of $500.0 million aggregate principal amount of the issuers’ 5.50% Senior Notes due 2019 (the 2019 notes) and $800.0 million aggregate principal amount of the issuers’ 6.25% Senior Notes due 2022 (the 2022 Notes and, together with the 2019 Notes, the senior notes) pursuant to a private placement transaction conducted under Rule 144A and Regulation S of the Securities Act of 1933, as amended (the securities act). The partnership will use the proceeds from the 2019 notes to repay indebtedness outstanding under its existing revolving credit facility and will use the remaining proceeds for general partnership purposes. The proceeds from the 2022 notes were funded into escrow, which upon release, will be used, together with the portion of the proceeds from the offering of the 2019 notes that was to be used for general partnership purposes, the proceeds from an equity offering by the Partnership that closed on October 24, 2014 (including an investment by Tesoro Corporation in such offering), the proceeds from borrowings under the Partnership’s amended and restated revolving credit facility and the proceeds from a contribution to the Partnership’s equity by its general partner, to fund the consummation of the partnership’s announced acquisition of QEP Field Services, LLC from QEP Resources Inc. and the payment of related fees and expenses.

 

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Industry Analysis

TLLP

Industry Average

Valuation TLLP Industry Range
Price/Earnings 33.1x
Price/Sales 6.6x
Price/Book 13.7x
Price/Cash Flow 32.4x
TEV/Sales 7.2x
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