Last $55.50 USD
Change Today -1.97 / -3.43%
Volume 12.7M
TLLP On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 10/21/14 All times are local (Market data is delayed by at least 15 minutes).

tesoro logistics lp (TLLP) Snapshot

Open
$55.51
Previous Close
$57.47
Day High
$56.58
Day Low
$54.75
52 Week High
06/11/14 - $75.55
52 Week Low
12/18/13 - $47.40
Market Cap
4.3B
Average Volume 10 Days
1.6M
EPS TTM
$2.11
Shares Outstanding
77.1M
EX-Date
07/31/14
P/E TM
26.3x
Dividend
$2.46
Dividend Yield
4.18%
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 Intends to Offer $1.3 Billion of Senior Notes

Tesoro Logistics LP announced that it, together with its wholly-owned subsidiary Tesoro Logistics Finance Corp., intends to offer $1.3 billion aggregate principal amount of senior notes, consisting of tranches due in 2019 and 2022. The Partnership intends to use the proceeds from the offering of the senior notes due 2019 to repay amounts outstanding under its existing revolving credit facility and for general partnership purposes. The Partnership intends to fund the gross proceeds from the offering of the senior notes due 2022 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 a substantially concurrent equity offering by TLLP (including an investment by Tesoro Corporation in such offering), the proceeds from borrowings under TLLP's amended and restated revolving credit facility and the proceeds from a contribution to TLLP'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. If the conditions to the release of the funds from escrow are not satisfied on or prior to a special mandatory redemption date of December 31, 2014 (subject to monthly extensions until February 28, 2015), the 2022 Notes will be subject to a special mandatory redemption at a redemption price of 100% of the initial issue price of the 2022 Notes, plus accrued and unpaid interest to, but excluding, the redemption date.

QEP Field Services Company, Tesoro Logistics LP - M&A Call

To discuss a definitive agreement to acquire QEP Field Services, LLC, including its 58% partnership interests in QEP Midstream Partners, LP

Tesoro Logistics Announces Offering; Mulls Acquisitions

Tesoro Logistics LP (NYSE:TLLP) announced the commencement of a registered underwritten public offering of 19.35 million common units representing limited partner interests in the Partnership. A portion of the proceeds will be used to fund a portion of the purchase price of the Partnership's announced acquisition of QEP Field Services, LLC. If the acquisition of QEP Field Services is not consummated for any reason, Tesoro Logistics intends to use the net proceeds from the offering for general partnership purposes, including future acquisitions and capital program expenditures.

 

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Industry Analysis

TLLP

Industry Average

Valuation TLLP Industry Range
Price/Earnings 29.3x
Price/Sales 7.0x
Price/Book 10.3x
Price/Cash Flow 26.4x
TEV/Sales 4.5x
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