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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 : 4/10

vs
industry
vs
history
Equity to Asset 0.48
NYSE:TEP's Equity to Asset is ranked higher than
64% of the 108 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.40 vs. NYSE:TEP: 0.48 )
Ranked among companies with meaningful Equity to Asset only.
NYSE:TEP' s Equity to Asset Range Over the Past 10 Years
Min: 0.39  Med: 0.52 Max: 0.78
Current: 0.48
0.39
0.78
Interest Coverage 7.78
NYSE:TEP's Interest Coverage is ranked higher than
62% of the 96 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 4.95 vs. NYSE:TEP: 7.78 )
Ranked among companies with meaningful Interest Coverage only.
NYSE:TEP' s Interest Coverage Range Over the Past 10 Years
Min: 3.77  Med: 12.76 Max: No Debt
Current: 7.78
F-Score: 6
Z-Score: 1.75
M-Score: -2.76
WACC vs ROIC
8.05%
9.43%
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 (%) 41.76
NYSE:TEP's Operating margin (%) is ranked higher than
81% of the 108 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 17.01 vs. NYSE:TEP: 41.76 )
Ranked among companies with meaningful Operating margin (%) only.
NYSE:TEP' s Operating margin (%) Range Over the Past 10 Years
Min: 11.7  Med: 19.49 Max: 41.76
Current: 41.76
11.7
41.76
Net-margin (%) 39.93
NYSE:TEP's Net-margin (%) is ranked higher than
85% of the 108 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 8.31 vs. NYSE:TEP: 39.93 )
Ranked among companies with meaningful Net-margin (%) only.
NYSE:TEP' s Net-margin (%) Range Over the Past 10 Years
Min: 2.48  Med: 21.93 Max: 39.93
Current: 39.93
2.48
39.93
ROE (%) 10.78
NYSE:TEP's ROE (%) is ranked higher than
70% of the 109 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 5.80 vs. NYSE:TEP: 10.78 )
Ranked among companies with meaningful ROE (%) only.
NYSE:TEP' s ROE (%) Range Over the Past 10 Years
Min: 0.89  Med: 6.09 Max: 10.78
Current: 10.78
0.89
10.78
ROA (%) 8.67
NYSE:TEP's ROA (%) is ranked higher than
83% of the 112 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.50 vs. NYSE:TEP: 8.67 )
Ranked among companies with meaningful ROA (%) only.
NYSE:TEP' s ROA (%) Range Over the Past 10 Years
Min: 0.54  Med: 3.38 Max: 8.67
Current: 8.67
0.54
8.67
ROC (Joel Greenblatt) (%) 12.42
NYSE:TEP's ROC (Joel Greenblatt) (%) is ranked higher than
71% of the 111 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 6.22 vs. NYSE:TEP: 12.42 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
NYSE:TEP' s ROC (Joel Greenblatt) (%) Range Over the Past 10 Years
Min: 3.56  Med: 3.81 Max: 12.42
Current: 12.42
3.56
12.42
» NYSE:TEP's 10-Y Financials

Financials


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

» Details

Guru Trades

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
Q2 2016

TEP Guru Trades in Q2 2016

Jim Simons 177,500 sh (+316.67%)
Ron Baron 65,940 sh (unchged)
T Boone Pickens 33,152 sh (-12.30%)
» More
Q3 2016

TEP Guru Trades in Q3 2016

T Boone Pickens 33,152 sh (unchged)
Ron Baron 55,140 sh (-16.38%)
Jim Simons 107,500 sh (-39.44%)
» 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    NAICS: 213112    SIC: 4922
Compare:NYSE:PAGP, NYSE:ENLC, OTCPK:EBGUF, NYSE:NS, NYSE:TCP, NYSE:TEGP, OTCPK:FCGYF, NYSE:DPM, NYSE:VLP, OTCPK:ATGFF, NYSE:GEL, NYSE:FI, NYSE:BWP, NYSE:DM, NYSE:SEMG, NYSE:RMP, NYSE:HEP, NYSE:EEQ, NYSE:SHLX, AMEX:CQH » 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 limited partnership formed in 2013 to own, operate, acquire and develop midstream energy assets in North America. The Company provides crude oil transportation to customers in Wyoming, Colorado, and the surrounding regions through Pony Express, which owns a crude oil pipeline commencing in Guernsey, Wyoming and terminating in Cushing, Oklahoma that includes a lateral in Northeast Colorado that commences in Weld County, Colorado, and interconnects with the pipeline just east of Sterling, Colorado. It provides natural gas transportation and storage services for customers in the Rocky Mountain and Midwest regions of the United States through the Tallgrass Interstate Gas Transmission system, a FERC-regulated natural gas transportation and storage system located in Colorado, Kansas, Missouri, Nebraska and Wyoming. It also provides services for customers in Wyoming at the Casper and Douglas natural gas processing facilities and the West Frenchie Draw natural gas treating facility, and NGL transportation services in Northeast Colorado. The Company's business segments are Crude Oil Transportation & Logistics - the ownership and operation of a crude oil pipeline system; Natural Gas Transportation & Logistics-the ownership and operation of FERC-regulated interstate natural gas pipelines and integrated natural gas storage facilities; and Processing & Logistics-the ownership and operation of natural gas processing, treating and fractionation facilities, the provision of water business services primarily to the oil and gas exploration and production industry and the transportation of NGLs. The Company's competitors include Wyoming Interstate Company, LLC, Colorado Interstate Gas Company, LLC, Cheyenne Plains Gas Pipeline Company, LLC, Northern Natural Gas Company, and Southern Star Central Gas Pipeline, Inc. The Company's ownership, operation and expansion of its assets are subject to federal, state and local laws, regulations and potential liabilities arising under or relating to the protection or preservation of the environment, natural resources and human health.

Ratios

vs
industry
vs
history
P/E(ttm) 21.57
TEP's P/E(ttm) is ranked higher than
50% of the 78 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 21.75 vs. TEP: 21.57 )
Ranked among companies with meaningful P/E(ttm) only.
TEP' s P/E(ttm) Range Over the Past 10 Years
Min: 14.46  Med: 29.32 Max: 184.29
Current: 21.57
14.46
184.29
Forward P/E 12.94
TEP's Forward P/E is ranked higher than
89% of the 70 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 22.62 vs. TEP: 12.94 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 21.57
TEP's PE(NRI) is ranked higher than
51% of the 77 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 21.75 vs. TEP: 21.57 )
Ranked among companies with meaningful PE(NRI) only.
TEP' s PE(NRI) Range Over the Past 10 Years
Min: 14.46  Med: 29.32 Max: 184.29
Current: 21.57
14.46
184.29
Price/Owner Earnings (ttm) 16.40
TEP's Price/Owner Earnings (ttm) is ranked higher than
66% of the 32 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 22.94 vs. TEP: 16.40 )
Ranked among companies with meaningful Price/Owner Earnings (ttm) only.
TEP' s Price/Owner Earnings (ttm) Range Over the Past 10 Years
Min: 16.04  Med: 16.84 Max: 17.32
Current: 16.4
16.04
17.32
P/B 2.27
TEP's P/B is ranked lower than
54% of the 109 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.15 vs. TEP: 2.27 )
Ranked among companies with meaningful P/B only.
TEP' s P/B Range Over the Past 10 Years
Min: 1.01  Med: 2.08 Max: 2.71
Current: 2.27
1.01
2.71
P/S 5.24
TEP's P/S is ranked lower than
73% of the 108 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 3.10 vs. TEP: 5.24 )
Ranked among companies with meaningful P/S only.
TEP' s P/S Range Over the Past 10 Years
Min: 3.03  Med: 5.27 Max: 13.58
Current: 5.24
3.03
13.58
PFCF 11.66
TEP's PFCF is ranked higher than
60% of the 60 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 14.76 vs. TEP: 11.66 )
Ranked among companies with meaningful PFCF only.
TEP' s PFCF Range Over the Past 10 Years
Min: 10.95  Med: 12.8 Max: 19.74
Current: 11.66
10.95
19.74
POCF 7.86
TEP's POCF is ranked higher than
65% of the 99 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 8.95 vs. TEP: 7.86 )
Ranked among companies with meaningful POCF only.
TEP' s POCF Range Over the Past 10 Years
Min: 5.65  Med: 19.34 Max: 1461.88
Current: 7.86
5.65
1461.88
EV-to-EBIT 19.12
TEP's EV-to-EBIT is ranked higher than
59% of the 81 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 20.70 vs. TEP: 19.12 )
Ranked among companies with meaningful EV-to-EBIT only.
TEP' s EV-to-EBIT Range Over the Past 10 Years
Min: 14.3  Med: 37.1 Max: 73.8
Current: 19.12
14.3
73.8
EV-to-EBITDA 13.94
TEP's EV-to-EBITDA is ranked higher than
56% of the 94 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 15.47 vs. TEP: 13.94 )
Ranked among companies with meaningful EV-to-EBITDA only.
TEP' s EV-to-EBITDA Range Over the Past 10 Years
Min: 9.9  Med: 19.7 Max: 40.6
Current: 13.94
9.9
40.6
Current Ratio 0.85
TEP's Current Ratio is ranked lower than
67% of the 112 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.05 vs. TEP: 0.85 )
Ranked among companies with meaningful Current Ratio only.
TEP' s Current Ratio Range Over the Past 10 Years
Min: 0.3  Med: 0.72 Max: 1.48
Current: 0.85
0.3
1.48
Quick Ratio 0.73
TEP's Quick Ratio is ranked lower than
63% of the 112 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.95 vs. TEP: 0.73 )
Ranked among companies with meaningful Quick Ratio only.
TEP' s Quick Ratio Range Over the Past 10 Years
Min: 0.27  Med: 0.57 Max: 1.23
Current: 0.73
0.27
1.23
Days Inventory 28.14
TEP's Days Inventory is ranked lower than
70% of the 84 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 16.31 vs. TEP: 28.14 )
Ranked among companies with meaningful Days Inventory only.
TEP' s Days Inventory Range Over the Past 10 Years
Min: 7.79  Med: 14.68 Max: 28.14
Current: 28.14
7.79
28.14
Days Sales Outstanding 32.57
TEP's Days Sales Outstanding is ranked higher than
57% of the 100 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 34.13 vs. TEP: 32.57 )
Ranked among companies with meaningful Days Sales Outstanding only.
TEP' s Days Sales Outstanding Range Over the Past 10 Years
Min: 32.57  Med: 39.07 Max: 39.32
Current: 32.57
32.57
39.32
Days Payable 34.37
TEP's Days Payable is ranked lower than
64% of the 78 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 39.77 vs. TEP: 34.37 )
Ranked among companies with meaningful Days Payable only.
TEP' s Days Payable Range Over the Past 10 Years
Min: 34.37  Med: 98.39 Max: 300.45
Current: 34.37
34.37
300.45

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 6.32
TEP's Dividend Yield is ranked lower than
77% of the 110 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 7.70 vs. TEP: 6.32 )
Ranked among companies with meaningful Dividend Yield only.
TEP' s Dividend Yield Range Over the Past 10 Years
Min: 0.55  Med: 3.28 Max: 7.95
Current: 6.32
0.55
7.95
Dividend Payout 1.27
TEP's Dividend Payout is ranked higher than
50% of the 111 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.97 vs. TEP: 1.27 )
Ranked among companies with meaningful Dividend Payout only.
TEP' s Dividend Payout Range Over the Past 10 Years
Min: 0.77  Med: 1.05 Max: 1.83
Current: 1.27
0.77
1.83
Forward Dividend Yield 6.83
TEP's Forward Dividend Yield is ranked lower than
71% of the 112 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 8.01 vs. TEP: 6.83 )
Ranked among companies with meaningful Forward Dividend Yield only.
N/A
Yield on cost (5-Year) 6.32
TEP's Yield on cost (5-Year) is ranked lower than
99.99% of the 110 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 9.45 vs. TEP: 6.32 )
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: 3.28 Max: 7.95
Current: 6.32
0.55
7.95

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 3.27
TEP's Price/Tangible Book is ranked lower than
60% of the 93 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.69 vs. TEP: 3.27 )
Ranked among companies with meaningful Price/Tangible Book only.
TEP' s Price/Tangible Book Range Over the Past 10 Years
Min: 1.9  Med: 3.25 Max: 4.29
Current: 3.27
1.9
4.29
Price/Median PS Value 1.00
TEP's Price/Median PS Value is ranked higher than
58% of the 98 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.05 vs. TEP: 1.00 )
Ranked among companies with meaningful Price/Median PS Value only.
TEP' s Price/Median PS Value Range Over the Past 10 Years
Min: 0.8  Med: 1 Max: 2.32
Current: 1
0.8
2.32
Price/Graham Number 1.78
TEP's Price/Graham Number is ranked higher than
55% of the 58 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.90 vs. TEP: 1.78 )
Ranked among companies with meaningful Price/Graham Number only.
TEP' s Price/Graham Number Range Over the Past 10 Years
Min: 1.59  Med: 2.21 Max: 3.6
Current: 1.78
1.59
3.6
Earnings Yield (Greenblatt) (%) 5.20
TEP's Earnings Yield (Greenblatt) (%) is ranked higher than
71% of the 112 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 3.50 vs. TEP: 5.20 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
TEP' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: 1.4  Med: 2.7 Max: 7
Current: 5.2
1.4
7

More Statistics

Revenue (TTM) (Mil) $594.8
EPS (TTM) $ 2.11
Beta0.97
Short Percentage of Float6.33%
52-Week Range $25.82 - 50.78
Shares Outstanding (Mil)72.11

Analyst Estimate

Dec16 Dec17 Dec19
Revenue (Mil $) 593 623 737
EPS ($) 2.31 3.60 4.37
EPS w/o NRI ($) 2.31 3.60 4.37
EPS Growth Rate
(3Y to 5Y Estimate)
11.24%
Dividends Per Share ($) 3.03 3.71 4.70
» More Articles for NYSE:TEP

Headlines

Articles On GuruFocus.com
Weekly CEO Buys Highlight Jun 01 2016 
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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