Tallgrass Energy, LP, through its interests in Tallgrass Equity, LLC, provides crude oil transportation services to customers in Wyoming, Colorado, and the surrounding regions of the United States. The company operates through three segments: Natural Gas Transportation; Crude Oil Transportation; and Gathering, Processing & Terminalling. It also provides natural gas transportation and storage services for customers in the Rocky Mountain, Midwest, and Appalachian regions; natural gas and crude oil gathering and processing services for customers in Wyoming; and natural gas liquids (NGLs) transportation services in Northeast Colorado and Wyoming. In addition, the company offers water business services, including freshwater transportation, and produced water gathering and disposal in Colorado, Texas, and Wyoming; crude oil storage and terminalling services in Colorado; and marketing services for NGLs and crude oil. The company was formerly known as Tallgrass Energy GP, LP and changed its name to Tallgrass Energy, LP in June 2018. Tallgrass Energy, LP was founded in 2013 and is based in Leawood, Kansas.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Natural gas transmission
Sub-IndustryN/A
SectorOils/Energy
Current SymbolNYSE:TGE
Previous Symbol
CUSIPN/A
Phone913-928-6060
Debt
Debt-to-Equity Ratio1.37
Current Ratio0.73
Quick Ratio0.66
Price-To-Earnings
Trailing P/E Ratio28.78
Forward P/E Ratio17.50
P/E GrowthN/A
Sales & Book Value
Annual Sales$655.90 million
Price / Sales9.34
Cash Flow$0.9069 per share
Price / Cash24.12
Book Value$7.92 per share
Price / Book2.76
Profitability
EPS (Most Recent Fiscal Year)$0.76
Net Income$-128,720,000.00
Net Margins-11.77%
Return on Equity4.03%
Return on Assets1.69%
Miscellaneous
EmployeesN/A
Outstanding Shares280,200,000
Market Cap$6.13 billion
OptionableOptionable
Tallgrass Energy (NYSE:TGE) Frequently Asked Questions
What is Tallgrass Energy's stock symbol?
Tallgrass Energy trades on the New York Stock Exchange (NYSE) under the ticker symbol "TGE."
How often does Tallgrass Energy pay dividends? What is the dividend yield for Tallgrass Energy?
Tallgrass Energy declared a quarterly dividend on Monday, October 15th. Shareholders of record on Wednesday, October 31st will be paid a dividend of $0.51 per share on Wednesday, November 14th. This represents a $2.04 dividend on an annualized basis and a yield of 9.29%. The ex-dividend date is Tuesday, October 30th. This is a positive change from Tallgrass Energy's previous quarterly dividend of $0.50. View Tallgrass Energy's Dividend History.
How were Tallgrass Energy's earnings last quarter?
Tallgrass Energy LP (NYSE:TGE) announced its earnings results on Thursday, August, 2nd. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.38 by $0.36. The company had revenue of $193.59 million for the quarter, compared to analyst estimates of $200.50 million. Tallgrass Energy had a positive return on equity of 4.03% and a negative net margin of 11.77%. View Tallgrass Energy's Earnings History.
When is Tallgrass Energy's next earnings date?
What price target have analysts set for TGE?
7 brokerages have issued 1 year price objectives for Tallgrass Energy's shares. Their forecasts range from $26.00 to $29.00. On average, they anticipate Tallgrass Energy's share price to reach $26.8333 in the next year. This suggests a possible upside of 22.1% from the stock's current price. View Analyst Price Targets for Tallgrass Energy.
What is the consensus analysts' recommendation for Tallgrass Energy?
7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tallgrass Energy in the last year. There are currently 3 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Tallgrass Energy.
Has Tallgrass Energy been receiving favorable news coverage?
News articles about TGE stock have trended somewhat positive recently, InfoTrie Sentiment reports. The research group identifies positive and negative press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Tallgrass Energy earned a coverage optimism score of 1.7 on InfoTrie's scale. They also assigned news coverage about the company a news buzz of 5.0 out of 10, indicating that recent press coverage is somewhat likely to have an impact on the stock's share price in the next few days.
Who are some of Tallgrass Energy's key competitors?
Some companies that are related to Tallgrass Energy include Energy Transfer (ET), Spectra Energy Partners (SEP), Targa Resources (TRGP), Western Gas Partners (WES), Western Gas Equity Partners (WGP), Enable Midstream Partners (ENBL), EQT Midstream Partners (EQM), DCP Midstream (DCP), Antero Midstream Partners (AM), EnLink Midstream Partners (ENLK), EQT GP (EQGP), Antero Midstream GP (AMGP), Transportadora de Gas del Sur (TGS), Dominion Energy Midstream Partners (DM) and TC Pipelines (TCP).
Who are Tallgrass Energy's key executives?
Tallgrass Energy's management team includes the folowing people:
- Mr. David G. Dehaemers Jr., Pres, CEO & Director of TEGP Management, LLC (Age 57)
- Mr. Gary J. Brauchle, Exec. VP & CFO of TEGP Management, LLC (Age 44)
- Mr. William R. Moler, Exec. VP, COO & Director of TEGP Management, LLC (Age 52)
- Mr. Gary D. Watkins, VP & Chief Accounting Officer of TEGP Management, LLC (Age 46)
- Mr. Christopher R. Jones, Exec. VP, Gen. Counsel & Sec. of TEGP Management, LLC (Age 41)
How do I buy shares of Tallgrass Energy?
Shares of TGE 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's stock price today?
One share of TGE stock can currently be purchased for approximately $21.97.
How big of a company is Tallgrass Energy?
Tallgrass Energy has a market capitalization of $6.13 billion and generates $655.90 million in revenue each year. The company earns $-128,720,000.00 in net income (profit) each year or $0.76 on an earnings per share basis.
What is Tallgrass Energy's official website?
How can I contact Tallgrass Energy?
Tallgrass Energy's mailing address is 4200 W. 115TH STREET SUITE 350, LEAWOOD KS, 66211. The company can be reached via phone at 913-928-6060 or via email at [email protected]
MarketBeat Community Rating for Tallgrass Energy (NYSE TGE)
MarketBeat's community ratings are surveys of what our community members think about Tallgrass Energy and other stocks. Vote "Outperform" if you believe TGE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe TGE will underperform the S&P 500 over the long term. You may vote once every thirty days.
