Tallgrass Energy LP (N:TGE)

Business Focus: Oil & Gas Transportation Services

Sector:  Energy Industry:  Oil & Gas Transportation Services
 
See Regulatory Filings on SEC
Company Contact
Address: 4200 W 115th St Ste 350
LEAWOOD KS 66211-2733
Tel: 1-913-9286012
Website: ir-tegp.tallgrassenergylp.com/CorporateProfile
IR: See website
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Key People
William R. Moler
President, Chief Operating Officer, Director of General Partner
David G. Dehaemers
Chief Executive Officer, Director of General Partner
Gary J. Brauchle
Chief Financial Officer, Executive Vice President of General Partner
Gary D. Watkins
Chief Accounting Officer, Vice President of General Partner
Christopher R. Jones
Vice President, General Counsel, Secretary of General Partner
Richard L. Bullock
Vice President - Human Resources, Tax and Risk Management of General Partner
Business Overview
Tallgrass Energy LP, formerly Tallgrass Energy GP, LP, is a limited partnership company, which includes the operations of Tallgrass Equity, LLC (Tallgrass Equity), Tallgrass MLP GP, LLC, Tallgrass Energy Partners, LP (TEP), and TEP's subsidiaries. TEP owns, operates, acquires and develops midstream energy assets in North America. TEP's segments include Crude Oil Transportation & Logistics, which is engaged in the ownership and operation of a crude oil pipeline system, and crude oil storage and terminaling facilities; Natural Gas Transportation & Logistics, which is engaged in the ownership and operation of interstate natural gas pipelines and integrated natural gas storage facilities; Processing & Logistics, which is engaged in the ownership and operation of natural gas processing, treating and fractionation facilities, and the provision of water business services to the oil and gas exploration and production industry, and Corporate and Other.
Financial Overview
For the three months ended 31 March 2019, Tallgrass Energy LP revenues increased 10% to $197.4M. Net income increased from $16.7M to $50.6M. Revenues reflect Crude Oil Transportation & Logistics segment increase of 10% to $95.4M, Gathering, Processing & Terminalling segment increase of 15% to $66.6M. Net income benefited from Equity in earnings of investments increase of 29% to $88.5M (income). Dividend per share increased from $0.49 to $0.53.
Employees: 750 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $10,094M as of Mar 31, 2019
Annual revenue (TTM): $811.52M as of Mar 31, 2019
EBITDA (TTM): $460.38M as of Mar 31, 2019
Net annual income (TTM): $170.98M as of Mar 31, 2019
Free cash flow (TTM): $25.37M as of Mar 31, 2019
Net Debt Last Fiscal Year: $3,317M as of Mar 31, 2019
Shares outstanding: 281,334,291 as of May 7, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization