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. Tallgrass Energy Partners, LP operates as a subsidiary of Tallgrass Energy GP, LP.
Industry, Sector and Symbol
Stock Exchange NYSE
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 Ratio11.49
Forward P/E Ratio16.92
P/E GrowthN/A
Sales & Book Value
Annual Sales$655.90 million
Price / Sales4.83
Cash Flow$7.1351 per share
Price / Cash6.07
Book Value$21.21 per share
Price / Book2.04
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
Market Cap$3.17 billion
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 paid a dividend of $0.975 per share on Tuesday, May 15th. This represents a $3.90 annualized dividend and a dividend yield of 9.00%. The ex-dividend date 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) posted its quarterly earnings results on Wednesday, November, 2nd. The pipeline company reported $0.45 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.74 by $0.29. The pipeline company earned $152.13 million during the quarter, compared to analyst estimates of $147.56 million. Tallgrass Energy Partners had a return on equity of 30.04% and a net margin of 68.20%. The company's quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.50 earnings per share. View Tallgrass Energy Partners' Earnings History.
What price target have analysts set for TEP?
10 Wall Street analysts have issued 12-month price targets for Tallgrass Energy Partners' shares. Their forecasts range from $26.00 to $50.00. On average, they anticipate Tallgrass Energy Partners' stock price to reach $44.2857 in the next twelve months. This suggests a possible upside of 2.3% from the stock's current price. View Analyst Price Targets for Tallgrass Energy Partners.
What is the consensus analysts' recommendation for Tallgrass Energy Partners?
10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tallgrass Energy Partners in the last year. There are currently 7 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." 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), Enable Midstream Partners (ENBL), Western Gas Equity Partners (WGP), Western Gas Partners (WES), Tallgrass Energy (TGE), EQT GP (EQGP), EnLink Midstream Partners (ENLK), Antero Midstream Partners (AM), DCP Midstream (DCP), EQT Midstream Partners (EQM), Tallgrass Energy GP (TEGP), Antero Midstream GP (AMGP), EnLink Midstream (ENLC), Boardwalk Pipeline Partners (BWP) and Transportadora de Gas del Sur SA ADR Class B (TGS).
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, Exec. VP, Gen. Counsel & Sec. of Tallgrass MLP GP LLC (Age 41)
Has Tallgrass Energy Partners been receiving favorable news coverage?
News stories about TEP stock have trended somewhat positive this week, Accern reports. The research firm identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real-time. 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 and rumor sentiment score of 0.18 on Accern's scale. They also gave headlines about the pipeline company an impact score of 46.57 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near term. View Recent Headlines for Tallgrass Energy Partners.
Who are Tallgrass Energy Partners' major shareholders?
Tallgrass Energy Partners' stock is owned by many different of institutional and retail investors. Top institutional shareholders include Tortoise Capital Advisors L.L.C. (12.21%), OppenheimerFunds Inc. (6.90%), Alps Advisors Inc. (5.38%), Alps Advisors Inc. (5.34%), Kayne Anderson Capital Advisors LP (4.29%) and Bank of America Corp DE (2.39%). Company insiders that own Tallgrass Energy Partners stock include David G Dehaemers Jr, Gary J Brauchle and Tallgrass Energy Holdings, Llc. View Institutional Ownership Trends for Tallgrass Energy Partners.
Which major investors are selling Tallgrass Energy Partners stock?
TEP stock was sold by a variety of institutional investors in the last quarter, including CIBC Private Wealth Group LLC, Kayne Anderson Capital Advisors LP, Dividend Assets Capital LLC, Wells Fargo & Company MN, Bank of Montreal Can, Bank of America Corp DE, Heronetta Management L.P. and State of New Jersey Common Pension Fund D. View Insider Buying and Selling for Tallgrass Energy Partners.
Which major investors are buying Tallgrass Energy Partners stock?
TEP stock was acquired by a variety of institutional investors in the last quarter, including Commonwealth of Pennsylvania Public School Empls Retrmt SYS, Tortoise Capital Advisors L.L.C., Global X Management Co LLC, Virtu Financial LLC, OppenheimerFunds Inc., Alps Advisors Inc., Summit Securities Group LLC and Alps Advisors Inc.. Company insiders that have bought Tallgrass Energy Partners stock in the last two years include David G Dehaemers Jr, Gary J Brauchle and Tallgrass Energy Holdings, Llc. 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 $43.31.
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 (NYSE 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.
