Last $68.74 USD
Change Today -1.22 / -1.74%
Volume 101.0K
TLLP On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 09/23/14 All times are local (Market data is delayed by at least 15 minutes).

tesoro logistics lp (TLLP) Snapshot

Open
$69.54
Previous Close
$69.96
Day High
$69.85
Day Low
$68.51
52 Week High
06/11/14 - $75.55
52 Week Low
12/18/13 - $47.40
Market Cap
3.9B
Average Volume 10 Days
210.5K
EPS TTM
$2.11
Shares Outstanding
57.1M
EX-Date
07/31/14
P/E TM
32.5x
Dividend
$2.46
Dividend Yield
3.37%
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 Appoints Steven Sterin to Board of Directors

Tesoro Logistics LP announced the appointment of Steven Sterin to the Board of Directors of its general partner (TLGP), effective September 1, 2014. Mr.  Sterin  was  concurrently  appointed  Executive  Vice  President  and Chief Financial  Officer of Tesoro  and Vice President and Chief Financial  Officer of TLGP on August 18, 2014. He is also a member of the Tesoro executive committee. Prior  to  joining  Tesoro,  Mr. Sterin  was  senior  vice  president and chief financial  officer for Celanese  Corporation, a global  technology and specialty material  company, for seven years.

Tesoro Logistics LP Presents at 2014 Citi One-on-One MLP / Midstream Infrastructure Conference, Aug-19-2014

Tesoro Logistics 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.

Tesoro Logistics LP Appoints Keith Casey as Vice President, Operations, Effective July 24, 2014; Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Capital Expenditure Guidance for the Second Half and Full Year 2014 and Operating Results Guidance for the Third Quarter of 2014

Tesoro Logistics LP (the Partnership) announced the appointment of Keith Casey as vice president, operations, effective July 24, 2014. In this role, Casey will assume responsibility for the Partnership's operations. Since May 2014, Casey has served as the executive vice president, operations of Tesoro Companies Inc. Prior to joining Tesoro, Casey served as vice president of BP Products North America. The company reported unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company’s total revenue was $130,325,000 compared to $60,105,000 a year ago. Operating income was $50,239,000 compared to $19,627,000 a year ago. Net income attributable to partners was $32,766,000 or $0.45 per basic and diluted share compared to $19,173,000 or $0.38 per basic and diluted share a year ago. Adjusted net income per limited partner unit of 0.26. EBITDA was $66,699,000 compared to $26,941,000 a year ago. Adjusted EBITDA was $69,620,000 compared to $26,941,000 a year ago. Total capital expenditures were $47,545,000 compared to $22,434,000 a year ago. Net cash from operating activities was $18,543,000 compared to $23,370,000 a year ago. For the six months, the company’s total revenue was $255,374,000 compared to $111,727,000 a year ago. Operating income was $112,484,000 compared to $43,886,000 a year ago. Net income attributable to partners was $77,264,000 or $1.14 per diluted share compared to $37,851,000 or $0.77 per basic and diluted share a year ago. Adjusted net income per limited partner unit of 0.65. EBITDA was $144,469,000 compared to $55,281,000 a year ago. Adjusted EBITDA was $144,791,000 compared to $55,445,000 a year ago. Total capital expenditures were $74,029,000 compared to $32,670,000 a year ago. Net cash from operating activities was $89,214,000 compared to $53,074,000 a year ago. The company provided capital expenditure guidance for the full year 2014. For the year, due to the addition of expected spending related to the construction of the Connolly Gathering System and the Anacortes truck rack, the partnership now estimates capital spending for both maintenance and expansion capital projects of $200 million, or $170 million net of reimbursements. This includes approximately $160 million of growth capital and approximately $40 million of maintenance capital for the full year. For the second half of the year, the company forecast total capital spending of approximately $104 million net of expected reimbursements. For the third quarter, the company expects to deliver approximately 140,000 to 150,000 barrels per day. Within trucking, the company expects to grow the proprietary fleet about 3,000 barrels per day in the third quarter, which the company expects will improve the margins. For the third quarter, the company expects terminalling volumes to increase to a range of 950,000 to 975,000 barrels per day. This includes an incremental 35,000 to 45,000 barrels per day coming from the recently acquired West Coast Logistics Assets. In pipeline transportation, The company expects to maintain a range of 750,000 to 775,000 barrels per day during the third quarter.

 

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Industry Analysis

TLLP

Industry Average

Valuation TLLP Industry Range
Price/Earnings 35.6x
Price/Sales 8.5x
Price/Book 12.5x
Price/Cash Flow 32.1x
TEV/Sales 6.1x
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