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Also traded in: Germany

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 8/10

vs
industry
vs
history
Equity to Asset 0.49
TEP's Equity to Asset is ranked higher than
68% of the 110 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.41 vs. TEP: 0.49 )
Ranked among companies with meaningful Equity to Asset only.
TEP' s Equity to Asset Range Over the Past 10 Years
Min: 0.39  Med: 0.52 Max: 0.78
Current: 0.49
0.39
0.78
Interest Coverage 11.91
TEP's Interest Coverage is ranked higher than
68% of the 97 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 4.29 vs. TEP: 11.91 )
Ranked among companies with meaningful Interest Coverage only.
TEP' s Interest Coverage Range Over the Past 10 Years
Min: 4.51  Med: 12.76 Max: 9999.99
Current: 11.91
4.51
9999.99
F-Score: 5
Z-Score: 2.12
M-Score: -2.73
WACC vs ROIC
4.05%
11.24%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Operating margin (%) 41.13
TEP's Operating margin (%) is ranked higher than
80% of the 111 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 14.86 vs. TEP: 41.13 )
Ranked among companies with meaningful Operating margin (%) only.
TEP' s Operating margin (%) Range Over the Past 10 Years
Min: 14.38  Med: 19.90 Max: 36.91
Current: 41.13
14.38
36.91
Net-margin (%) 46.23
TEP's Net-margin (%) is ranked higher than
87% of the 111 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 6.43 vs. TEP: 46.23 )
Ranked among companies with meaningful Net-margin (%) only.
TEP' s Net-margin (%) Range Over the Past 10 Years
Min: 5.3  Med: 27.59 Max: 38.05
Current: 46.23
5.3
38.05
ROE (%) 8.89
TEP's ROE (%) is ranked higher than
62% of the 112 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 6.41 vs. TEP: 8.89 )
Ranked among companies with meaningful ROE (%) only.
TEP' s ROE (%) Range Over the Past 10 Years
Min: 0.89  Med: 6.09 Max: 9.88
Current: 8.89
0.89
9.88
ROA (%) 10.41
TEP's ROA (%) is ranked higher than
85% of the 117 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.66 vs. TEP: 10.41 )
Ranked among companies with meaningful ROA (%) only.
TEP' s ROA (%) Range Over the Past 10 Years
Min: 1.06  Med: 6.40 Max: 6.91
Current: 10.41
1.06
6.91
ROC (Joel Greenblatt) (%) 11.83
TEP's ROC (Joel Greenblatt) (%) is ranked higher than
70% of the 114 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 7.99 vs. TEP: 11.83 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
TEP' s ROC (Joel Greenblatt) (%) Range Over the Past 10 Years
Min: 2.6  Med: 3.56 Max: 10.12
Current: 11.83
2.6
10.12
» TEP's 10-Y Financials

Financials (Next Earnings Date: Est. 2016-07-30)


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow
Oprt. Cash Flow & Net Income

» Details

Guru Trades

Q2 2015

TEP Guru Trades in Q2 2015

Jim Simons 15,037 sh (New)
Ron Baron 35,140 sh (-20.63%)
» More
Q3 2015

TEP Guru Trades in Q3 2015

Ron Baron 35,140 sh (unchged)
Jim Simons Sold Out
» More
Q4 2015

TEP Guru Trades in Q4 2015

Ron Baron 46,940 sh (+33.58%)
T Boone Pickens 37,800 sh (unchged)
» More
Q1 2016

TEP Guru Trades in Q1 2016

Jim Simons 42,600 sh (New)
Ron Baron 65,940 sh (+40.48%)
T Boone Pickens 37,800 sh (unchged)
» More
» Details

Insider Trades

Latest Guru Trades with TEP

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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Business Description

Industry: Oil & Gas - Midstream » Oil & Gas Midstream
Compare:NYSE:QEP, NYSE:DPM, NYSE:NS, NYSE:TCP, OTCPK:ATGFF » details
Traded in other countries:TGJ.Germany,
Tallgrass Energy Partners LP owns, operates, acquires & develops midstream energy assets. It provides natural gas transportation & storage services for customers in Rocky Mountain & Midwest regions of USA through its TIGT System & Trailblazer Pipeline.

Tallgrass Energy Partners LP is a growth-oriented Delaware limited partnership formed by Tallgrass Development to own, operate, acquire and develop midstream energy assets in North America. The Company, through its TIGT System, provides natural gas transportation and storage services for customers in the Rocky Mountain and Midwest regions. It also provides processing services for customers in Wyoming through its Midstream Facilities. Its operations are segmented into two - Gas Transportation and Storage and Processing. The Gas Transportation and Storage segment owns and operates interstate natural gas pipelines and integrated natural gas storage facilities that primarily serve on-system customers such as third-party LDCs, industrial users and other shippers. Processing segment owns and operates natural gas processing, treating and fractionation facilities that produce NGLs and residue gas. These products are sold in local wholesale markets or delivered into pipelines for transportation to additional end markets. The Company primarily generated revenues under the long-term, fee-based firm contracts. It obligates customers to pay a fixed monthly reservation or demand charge, which is owed regardless of the actual pipeline or storage capacity used by him. It generates reservation fees charged for firm transportation capacity reservations and usage fees for firm or interruptible transportation throughput, as well as reservation fees charged for firm storage capacity reservations and usage fees for firm or interruptible storage volumes. It also derives revenues from net fuel collections, natural gas sales and other miscellaneous items. In midstream facilities, it generates revenues from natural gas processing, fractionation and treating charges under fee-based contracts; percentage-of-proceeds contracts; and keep-whole contracts.

Ratios

vs
industry
vs
history
P/E(ttm) 24.49
TEP's P/E(ttm) is ranked lower than
62% of the 86 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 20.31 vs. TEP: 24.49 )
Ranked among companies with meaningful P/E(ttm) only.
TEP' s P/E(ttm) Range Over the Past 10 Years
Min: 14.37  Med: 32.77 Max: 219.09
Current: 24.49
14.37
219.09
Forward P/E 13.77
TEP's Forward P/E is ranked lower than
99.99% of the 68 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 19.01 vs. TEP: 13.77 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 24.49
TEP's PE(NRI) is ranked lower than
60% of the 85 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 20.49 vs. TEP: 24.49 )
Ranked among companies with meaningful PE(NRI) only.
TEP' s PE(NRI) Range Over the Past 10 Years
Min: 14.39  Med: 32.86 Max: 223.79
Current: 24.49
14.39
223.79
P/B 2.37
TEP's P/B is ranked lower than
68% of the 111 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.01 vs. TEP: 2.37 )
Ranked among companies with meaningful P/B only.
TEP' s P/B Range Over the Past 10 Years
Min: 1.01  Med: 2.03 Max: 2.7
Current: 2.37
1.01
2.7
P/S 4.87
TEP's P/S is ranked lower than
79% of the 110 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.57 vs. TEP: 4.87 )
Ranked among companies with meaningful P/S only.
TEP' s P/S Range Over the Past 10 Years
Min: 3.03  Med: 5.22 Max: 13.58
Current: 4.87
3.03
13.58
PFCF 15.23
TEP's PFCF is ranked lower than
52% of the 61 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 16.20 vs. TEP: 15.23 )
Ranked among companies with meaningful PFCF only.
TEP' s PFCF Range Over the Past 10 Years
Min: 10.95  Med: 15.28 Max: 19.74
Current: 15.23
10.95
19.74
POCF 8.39
TEP's POCF is ranked lower than
66% of the 99 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 7.99 vs. TEP: 8.39 )
Ranked among companies with meaningful POCF only.
TEP' s POCF Range Over the Past 10 Years
Min: 5.65  Med: 21.24 Max: 1461.88
Current: 8.39
5.65
1461.88
EV-to-EBIT 18.93
TEP's EV-to-EBIT is ranked higher than
50% of the 88 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 20.87 vs. TEP: 18.93 )
Ranked among companies with meaningful EV-to-EBIT only.
TEP' s EV-to-EBIT Range Over the Past 10 Years
Min: 14.3  Med: 40.80 Max: 73.8
Current: 18.93
14.3
73.8
EV-to-EBITDA 13.70
TEP's EV-to-EBITDA is ranked lower than
55% of the 96 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 14.24 vs. TEP: 13.70 )
Ranked among companies with meaningful EV-to-EBITDA only.
TEP' s EV-to-EBITDA Range Over the Past 10 Years
Min: 9.9  Med: 20.80 Max: 40.6
Current: 13.7
9.9
40.6
Current Ratio 0.82
TEP's Current Ratio is ranked lower than
69% of the 113 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.13 vs. TEP: 0.82 )
Ranked among companies with meaningful Current Ratio only.
TEP' s Current Ratio Range Over the Past 10 Years
Min: 0.3  Med: 0.65 Max: 1.48
Current: 0.82
0.3
1.48
Quick Ratio 0.66
TEP's Quick Ratio is ranked lower than
72% of the 113 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.00 vs. TEP: 0.66 )
Ranked among companies with meaningful Quick Ratio only.
TEP' s Quick Ratio Range Over the Past 10 Years
Min: 0.27  Med: 0.52 Max: 1.23
Current: 0.66
0.27
1.23
Days Inventory 28.14
TEP's Days Inventory is ranked lower than
75% of the 88 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 16.64 vs. TEP: 28.14 )
Ranked among companies with meaningful Days Inventory only.
TEP' s Days Inventory Range Over the Past 10 Years
Min: 10.31  Med: 17.71 Max: 27.51
Current: 28.14
10.31
27.51
Days Sales Outstanding 34.34
TEP's Days Sales Outstanding is ranked lower than
56% of the 105 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 31.39 vs. TEP: 34.34 )
Ranked among companies with meaningful Days Sales Outstanding only.
TEP' s Days Sales Outstanding Range Over the Past 10 Years
Min: 39.07  Med: 39.31 Max: 40.95
Current: 34.34
39.07
40.95
Days Payable 36.01
TEP's Days Payable is ranked lower than
55% of the 85 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 41.28 vs. TEP: 36.01 )
Ranked among companies with meaningful Days Payable only.
TEP' s Days Payable Range Over the Past 10 Years
Min: 45.55  Med: 118.70 Max: 397.35
Current: 36.01
45.55
397.35

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 5.71
TEP's Dividend Yield is ranked lower than
98% of the 124 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 7.99 vs. TEP: 5.71 )
Ranked among companies with meaningful Dividend Yield only.
TEP' s Dividend Yield Range Over the Past 10 Years
Min: 0.55  Med: 3.17 Max: 7.95
Current: 5.71
0.55
7.95
Dividend Payout 1.31
TEP's Dividend Payout is ranked higher than
56% of the 115 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.24 vs. TEP: 1.31 )
Ranked among companies with meaningful Dividend Payout only.
TEP' s Dividend Payout Range Over the Past 10 Years
Min: 0.84  Med: 1.05 Max: 1.83
Current: 1.31
0.84
1.83
Forward Dividend Yield 6.25
TEP's Forward Dividend Yield is ranked lower than
90% of the 124 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 8.01 vs. TEP: 6.25 )
Ranked among companies with meaningful Forward Dividend Yield only.
N/A
Yield on cost (5-Year) 5.71
TEP's Yield on cost (5-Year) is ranked lower than
99.99% of the 121 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 9.30 vs. TEP: 5.71 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
TEP' s Yield on cost (5-Year) Range Over the Past 10 Years
Min: 0.55  Med: 3.17 Max: 7.95
Current: 5.71
0.55
7.95

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 3.62
TEP's Price/Tangible Book is ranked lower than
77% of the 94 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.22 vs. TEP: 3.62 )
Ranked among companies with meaningful Price/Tangible Book only.
TEP' s Price/Tangible Book Range Over the Past 10 Years
Min: 1.9  Med: 3.24 Max: 4.29
Current: 3.62
1.9
4.29
Price/Median PS Value 0.93
TEP's Price/Median PS Value is ranked lower than
57% of the 103 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.99 vs. TEP: 0.93 )
Ranked among companies with meaningful Price/Median PS Value only.
TEP' s Price/Median PS Value Range Over the Past 10 Years
Min: 0.81  Med: 0.98 Max: 2.34
Current: 0.93
0.81
2.34
Price/Graham Number 1.99
TEP's Price/Graham Number is ranked lower than
67% of the 64 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.92 vs. TEP: 1.99 )
Ranked among companies with meaningful Price/Graham Number only.
TEP' s Price/Graham Number Range Over the Past 10 Years
Min: 1.6  Med: 2.34 Max: 3.96
Current: 1.99
1.6
3.96
Earnings Yield (Greenblatt) (%) 5.31
TEP's Earnings Yield (Greenblatt) (%) is ranked higher than
61% of the 114 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 4.10 vs. TEP: 5.31 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
TEP' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: 1.4  Med: 2.50 Max: 7
Current: 5.31
1.4
7

More Statistics

Revenue (TTM) (Mil) $566.9
EPS (TTM) $ 1.80
Beta0.39
Short Percentage of Float5.05%
52-Week Range $25.82 - 52.13
Shares Outstanding (Mil)72.10

Analyst Estimate

Dec16 Dec17 Dec18
Revenue (Mil $) 604 659 714
EPS ($) 2.45 3.28 4.00
EPS without NRI ($) 2.45 3.28 4.00
EPS Growth Rate
(3Y to 5Y Estimate)
N/A
» More Articles for NYSE:TEP

Headlines

Articles On GuruFocus.com
Tallgrass Energy Partners Insider Adds to Stake May 27 2016 
Weekly CEO Buys Highlight: SHLD, ENH, APD, KS, TEP Aug 10 2015 
Weekly CEO Buys Highlight: CLR, KMI, TEP, HLX, MRO Mar 16 2015 
Weekly CEO Buys Highlight: SFXE, JMP, JONE, TEP, BCEI Dec 10 2014 
4 Stocks Increasing Dividends Jul 07 2014 
4 Stocks with a Vision of Higher Dividends Apr 07 2014 

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