Last $54.35 USD
Change Today +3.03 / 5.90%
Volume 600.9K
TLLP On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 4:15 PM 12/17/14 All times are local (Market data is delayed by at least 15 minutes).

tesoro logistics lp (TLLP) Snapshot

Open
$51.16
Previous Close
$51.32
Day High
$54.59
Day Low
$51.01
52 Week High
06/11/14 - $75.55
52 Week Low
12/18/13 - $47.40
Market Cap
4.4B
Average Volume 10 Days
495.2K
EPS TTM
$1.87
Shares Outstanding
80.1M
EX-Date
10/30/14
P/E TM
29.0x
Dividend
$2.57
Dividend Yield
4.44%
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 Enters into Second Amended and Restated Senior Secured Revolving Credit Agreement with Bank of America, N.A

On December 2, 2014, Tesoro Logistics LP (TLLP) entered into a second amended and restated senior secured revolving credit agreement with Bank of America, N.A., as administrative agent, and a syndicate of banks and financial institutions as lenders. The Amended and Restated Credit Agreement increases total revolving loan availability from $575 million to $900 million and permits TLLP to request that the availability be increased up to an aggregate of $1,500 million, subject to receiving increased commitments from the lenders. The Amended and Restated Credit Agreement is guaranteed by certain of TLLP's subsidiaries (including QEPFS LLC, QEPM GP, QEP Midstream and certain of its subsidiaries (collectively, the QEP Guaranteeing Subsidiaries)), and it is secured by substantially all of the assets of TLLP, and certain of its subsidiaries (including the QEP Guaranteeing Subsidiaries, which executed joinders and supplements to such subsidiary guaranty and security agreements after the closing of the Acquisition). The Amended and Restated Credit Agreement is scheduled to mature on December 2, 2019. Borrowings under the Amended and Restated Credit Agreement will bear interest at either a base rate (3.25% at December 2, 2014), plus the applicable margin, or a Eurodollar rate (0.16% at December 2, 2014 (1M LIBOR)), plus an applicable margin. The applicable margin at December 2, 2014, was 1.25% in the case of the base rate and 2.50% in the case of the Eurodollar rate but will generally vary based upon TLLP's Consolidated Leverage Ratio, as defined in the Amended and Restated Credit Agreement.

Tesoro Logistics LP Presents at Wells Fargo Securities Research, Economics & Strategy 2014 Energy Symposium, Dec-09-2014 through Dec-10-2014

Tesoro Logistics LP Presents at Wells Fargo Securities Research, Economics & Strategy 2014 Energy Symposium, Dec-09-2014 through Dec-10-2014. Venue: The Waldorf Astoria, 301 Park Avenue, New York, NY 1002, United States. Presentation Date & Speakers: Dec-09-2014, Evan Barbosa, IR Manager, Phillip M. Anderson, President of Tesoro Logistics gp llc and Director of Tesoro Logistics gp llc. Dec-10-2014.

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.

 

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Industry Analysis

TLLP

Industry Average

Valuation TLLP Industry Range
Price/Earnings 28.5x
Price/Sales 5.7x
Price/Book 11.8x
Price/Cash Flow 27.9x
TEV/Sales 5.9x
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