Login

Tallgrass Energy Partners, LP

No Longer Reporting

The company has not filed an annual or quarterly report since its Q1 FY2018 10-Q, filed May 3, 2018. Its latest SEC filing is a SC 13G/A from Feb 7, 2020.

The sections below describe the company as of the FY2017 annual report.

What Did They Do?

Transports natural gas and crude oil and provides other midstream services to energy producers, pipeline shippers, and utility and industrial users.

How Did They Make Money?

FY2017 revenue

Who Were Their Customers?

Natural gas pipeline and storage customers include local distribution companies, industrial users and other shippers; oil and gas producers use its gathering, processing, water and crude-oil services.

Did Revenues Turn Into Profits?

Yes. It kept 66 cents of every revenue dollar as net income in FY2017.

Operating income, FY2017
42% of revenue
▲ +5% vs FY2016 ($260.6M, 43%)
Net income, FY2017
66% of revenue
▲ +60% vs FY2016 ($270.5M, 44%)

How Were They Changing?

Since the FY2017 annual report
Latest quarter: Q1 FY2018, the three months to Mar 31, 2018
Revenue
▲ +24%
vs $144.4M in Q1 FY2017
Net income
▲ +52%
vs $70.9M in Q1 FY2017
  • Jul 2, 2018 Merger made Tallgrass Energy Partners a wholly owned subsidiary Public common units were exchanged for Tallgrass Energy Class A shares, and NYSE trading in TEP units was suspended.
  • Mar 27, 2018 Tallgrass Energy GP agreed to acquire Tallgrass Energy Partners Public unitholders were to receive two Class A shares for each TEP common unit.

Grew. Revenue grew 2.3x in 4 years, from $290.5M in FY2013 to $655.9M in FY2017, about 23% a year.

Expanded midstream services The older report described crude oil transportation, gas processing and water services; the latest also groups crude oil gathering, storage and terminal services, NGL transportation, and crude oil and NGL marketing within Gathering, Processing & Terminalling.

Who Did They Compete With?

Competes with Spectra Energy Partners, Kinder Morgan, Northern Natural Gas, Southern Star Central Gas Pipeline, Energy Transfer Partners, EQT Midstream Partners, Williams, Sinclair, Plains All American, Suncor, SemGroup, Magellan Midstream Partners, Anadarko, NGL Energy Partners, Enbridge Energy Partners, ONEOK Partners, Western Gas Partners, Williams Partners, and Meritage Midstream Services II

Create Account

Sign up for free to unlock this feature.

Already have an account? Sign in

Premium Feature

This feature requires a premium subscription to unlock unlimited historical data and advanced analysis tools.

Premium includes:

  • Unlimited historical financial data
  • Advanced analytics and insights
  • Priority support