Tallgrass Energy Partners, LP acquires, owns, develops, and operates midstream energy assets in North America. It operates through Natural Gas Transportation; Crude Oil Transportation; and Gathering, Processing & Terminalling segments. The Natural Gas Transportation segment engages in the ownership and operation of interstate natural gas pipelines and integrated natural gas storage facilities with approximately 4,641 miles of transportation pipelines in Wyoming, Colorado, Kansas, Missouri, and Nebraska. This segment provides its services to on-system customers, including third-party local distribution companies, industrial users, and other shippers. The Crude Oil Transportation segment engages in the ownership and operation of the Pony Express System, a crude oil pipeline serving the Bakken Shale, Denver-Julesburg, and Powder River Basins, as well as other nearby oil producing basins. The Gathering, Processing & Terminalling segment owns and operates natural gas gathering and processing facilities that produce natural gas liquids (NGLs) and residue gas for sale in local wholesale markets or delivers into pipelines for transportation to additional end markets; and crude oil gathering, storage, and terminalling facilities, as well as engages in the transportation of NGLs, and marketing of crude oil and NGLs. This segment also provides water business services primarily to the oil and gas exploration and production industry. The company was founded in 2013 and is based in Leawood, Kansas.
Industry, Sector and Symbol
Industry Natural gas transmission
Sub-IndustryN/A
SectorOils/Energy
SymbolNYSE:TEP
CUSIPN/A
Phone913-928-6060
Debt
Debt-to-Equity Ratio1.46
Current Ratio0.63
Quick Ratio0.52
Price-To-Earnings
Trailing P/E Ratio11.88
Forward P/E Ratio17.50
P/E GrowthN/A
Sales & Book Value
Annual Sales$655.90 million
Price / Sales5.00
Cash Flow$7.3806 per share
Price / Cash6.07
Book Value$21.21 per share
Price / Book2.11
Profitability
EPS (Most Recent Fiscal Year)$3.77
Net Income$433.99 million
Net Margins68.20%
Return on Equity30.04%
Return on Assets11.69%
Miscellaneous
EmployeesN/A
Outstanding Shares73,200,000
Tallgrass Energy Partners (NYSE:TEP) Frequently Asked Questions
What is Tallgrass Energy Partners' stock symbol?
Tallgrass Energy Partners trades on the New York Stock Exchange (NYSE) under the ticker symbol "TEP."
How often does Tallgrass Energy Partners pay dividends? What is the dividend yield for Tallgrass Energy Partners?
Tallgrass Energy Partners announced a quarterly dividend on Monday, March 26th. Shareholders of record on Monday, April 30th will be given a dividend of $0.975 per share on Tuesday, May 15th. This represents a $3.90 dividend on an annualized basis and a yield of 8.71%. The ex-dividend date of this dividend is Friday, April 27th. This is an increase from Tallgrass Energy Partners's previous quarterly dividend of $0.97. View Tallgrass Energy Partners' Dividend History.
How were Tallgrass Energy Partners' earnings last quarter?
Tallgrass Energy Partners LP (NYSE:TEP) announced its quarterly earnings results on Thursday, May, 3rd. The pipeline company reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.58 by $0.33. The pipeline company earned $179.09 million during the quarter, compared to the consensus estimate of $196.92 million. Tallgrass Energy Partners had a net margin of 68.20% and a return on equity of 30.04%. View Tallgrass Energy Partners' Earnings History.
When is Tallgrass Energy Partners' next earnings date?
What price target have analysts set for TEP?
10 brokers have issued 1-year price objectives for Tallgrass Energy Partners' shares. Their predictions range from $41.00 to $50.00. On average, they expect Tallgrass Energy Partners' stock price to reach $45.5714 in the next twelve months. View Analyst Ratings for Tallgrass Energy Partners.
Who are some of Tallgrass Energy Partners' key competitors?
Some companies that are related to Tallgrass Energy Partners include Targa Resources (TRGP), Western Gas Equity Partners (WGP), Enable Midstream Partners (ENBL), Western Gas Partners (WES), EQT GP (EQGP), Antero Midstream Partners (AM), DCP Midstream (DCP), EnLink Midstream Partners (ENLK), EQT Midstream Partners (EQM), Tallgrass Energy GP (TEGP), Antero Midstream GP (AMGP), EnLink Midstream (ENLC), Boardwalk Pipeline Partners (BWP), Transportadora de Gas del Sur (TGS) and Rice Midstream Partners (RMP).
Who are Tallgrass Energy Partners' key executives?
Tallgrass Energy Partners' management team includes the folowing people:
- Mr. David G. Dehaemers Jr., Pres, CEO & Director of Tallgrass MLP GP LLC (Age 57)
- Mr. Gary J. Brauchle, Exec. VP & CFO of Tallgrass MLP GP LLC (Age 44)
- Mr. William R. Moler, Exec. VP, COO & Director of Tallgrass MLP GP LLC (Age 52)
- Mr. Gary D. Watkins, VP & Chief Accounting Officer of Tallgrass MLP GP LLC (Age 46)
- Mr. Christopher R. Jones, VP, Gen. Counsel & Sec. of Tallgrass MLP GP LLC (Age 41)
Has Tallgrass Energy Partners been receiving favorable news coverage?
News articles about TEP stock have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm scores the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Tallgrass Energy Partners earned a news sentiment score of 0.25 on Accern's scale. They also assigned headlines about the pipeline company an impact score of 45.17 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company's share price in the near term.
Who are Tallgrass Energy Partners' major shareholders?
Tallgrass Energy Partners' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Tortoise Capital Advisors L.L.C. (12.11%), Tortoise Capital Advisors L.L.C. (10.76%), OppenheimerFunds Inc. (6.33%), Alps Advisors Inc. (5.01%), Kayne Anderson Capital Advisors LP (4.47%) and UBS Group AG (1.75%). Company insiders that own Tallgrass Energy Partners stock include David G Dehaemers Jr and Gary J Brauchle. View Institutional Ownership Trends for Tallgrass Energy Partners.
Which institutional investors are selling Tallgrass Energy Partners stock?
TEP stock was sold by a variety of institutional investors in the last quarter, including Global X Management Co. LLC, Alps Advisors Inc., JPMorgan Chase & Co., Argyll Research LLC, Kayne Anderson Capital Advisors LP, Royal Bank of Canada, Advantus Capital Management Inc and Allianz Asset Management GmbH. View Insider Buying and Selling for Tallgrass Energy Partners.
Which institutional investors are buying Tallgrass Energy Partners stock?
TEP stock was bought by a variety of institutional investors in the last quarter, including Tortoise Capital Advisors L.L.C., OppenheimerFunds Inc., Summit Trail Advisors LLC, Tortoise Capital Advisors L.L.C., Atlantic Trust Group LLC, Wells Fargo & Company MN, Northwestern Mutual Investment Management Company LLC and Infrastructure Capital Advisors LLC. Company insiders that have bought Tallgrass Energy Partners stock in the last two years include David G Dehaemers Jr and Gary J Brauchle. View Insider Buying and Selling for Tallgrass Energy Partners.
How do I buy shares of Tallgrass Energy Partners?
Shares of TEP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Tallgrass Energy Partners' stock price today?
One share of TEP stock can currently be purchased for approximately $44.80.
How big of a company is Tallgrass Energy Partners?
Tallgrass Energy Partners has a market capitalization of $3.17 billion and generates $655.90 million in revenue each year. The pipeline company earns $433.99 million in net income (profit) each year or $3.77 on an earnings per share basis.
How can I contact Tallgrass Energy Partners?
Tallgrass Energy Partners' mailing address is 4200 WEST 115TH STREET SUITE 350, LEAWOOD KS, 66211. The pipeline company can be reached via phone at 913-928-6060 or via email at [email protected]
MarketBeat Community Rating for Tallgrass Energy Partners (TEP)
MarketBeat's community ratings are surveys of what our community members think about Tallgrass Energy Partners and other stocks. Vote "Outperform" if you believe TEP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe TEP will underperform the S&P 500 over the long term. You may vote once every thirty days.
