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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 : 6/10

vs
industry
vs
history
Cash to Debt 0.01
TLLP's Cash to Debt is ranked lower than
100% of the 96 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.06 vs. TLLP: 0.01 )
Ranked among companies with meaningful Cash to Debt only.
TLLP' s 10-Year Cash to Debt Range
Min: 0  Med: 0.36 Max: N/A
Current: 0.01
Equity to Asset 0.31
TLLP's Equity to Asset is ranked lower than
71% of the 102 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.41 vs. TLLP: 0.31 )
Ranked among companies with meaningful Equity to Asset only.
TLLP' s 10-Year Equity to Asset Range
Min: -1.2  Med: 0.31 Max: 0.96
Current: 0.31
-1.2
0.96
Interest Coverage 1.89
TLLP's Interest Coverage is ranked lower than
93% of the 76 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 5.27 vs. TLLP: 1.89 )
Ranked among companies with meaningful Interest Coverage only.
TLLP' s 10-Year Interest Coverage Range
Min: 1.85  Med: 12.49 Max: 9999.99
Current: 1.89
1.85
9999.99
F-Score: 5
Z-Score: 1.05
M-Score: 8.76
WACC vs ROIC
6.01%
10.23%
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 : 6/10

vs
industry
vs
history
Operating margin (%) 34.87
TLLP's Operating margin (%) is ranked higher than
79% of the 105 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 13.13 vs. TLLP: 34.87 )
Ranked among companies with meaningful Operating margin (%) only.
TLLP' s 10-Year Operating margin (%) Range
Min: -96.51  Med: 23.02 Max: 41.09
Current: 34.87
-96.51
41.09
Net-margin (%) 16.15
TLLP's Net-margin (%) is ranked higher than
61% of the 105 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 10.15 vs. TLLP: 16.15 )
Ranked among companies with meaningful Net-margin (%) only.
TLLP' s 10-Year Net-margin (%) Range
Min: -96.51  Med: 16.50 Max: 39.58
Current: 16.15
-96.51
39.58
ROE (%) 9.37
TLLP's ROE (%) is ranked higher than
57% of the 106 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 8.31 vs. TLLP: 9.37 )
Ranked among companies with meaningful ROE (%) only.
TLLP' s 10-Year ROE (%) Range
Min: -16.28  Med: 59.94 Max: 1732.34
Current: 9.37
-16.28
1732.34
ROA (%) 4.08
TLLP's ROA (%) is ranked lower than
51% of the 109 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 4.25 vs. TLLP: 4.08 )
Ranked among companies with meaningful ROA (%) only.
TLLP' s 10-Year ROA (%) Range
Min: -15.46  Med: 5.78 Max: 19.03
Current: 4.08
-15.46
19.03
ROC (Joel Greenblatt) (%) 11.76
TLLP's ROC (Joel Greenblatt) (%) is ranked higher than
61% of the 105 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 10.26 vs. TLLP: 11.76 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
TLLP' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -31.68  Med: 8.89 Max: 27.31
Current: 11.76
-31.68
27.31
Revenue Growth (3Y)(%) 24.60
TLLP's Revenue Growth (3Y)(%) is ranked higher than
89% of the 73 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.70 vs. TLLP: 24.60 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
TLLP' s 10-Year Revenue Growth (3Y)(%) Range
Min: 0  Med: 12.30 Max: 76.8
Current: 24.6
0
76.8
EBITDA Growth (3Y)(%) 36.70
TLLP's EBITDA Growth (3Y)(%) is ranked higher than
94% of the 68 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 5.30 vs. TLLP: 36.70 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
TLLP' s 10-Year EBITDA Growth (3Y)(%) Range
Min: 0  Med: 0.00 Max: 36.7
Current: 36.7
0
36.7
EPS Growth (3Y)(%) -22.60
TLLP's EPS Growth (3Y)(%) is ranked lower than
89% of the 63 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 5.30 vs. TLLP: -22.60 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
TLLP' s 10-Year EPS Growth (3Y)(%) Range
Min: 0  Med: 0.00 Max: -22.6
Current: -22.6
» TLLP's 10-Y Financials

Financials


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

» Details

Guru Trades

Q2 2014

TLLP Guru Trades in Q2 2014

Ron Baron 408,428 sh (-21.30%)
Jim Simons 63,751 sh (-69.17%)
» More
Q3 2014

TLLP Guru Trades in Q3 2014

Jim Simons 58,668 sh (-7.97%)
Ron Baron 235,728 sh (-42.28%)
» More
Q4 2014

TLLP Guru Trades in Q4 2014

Jim Simons Sold Out
Ron Baron 11,528 sh (-95.11%)
» More
Q1 2015

TLLP Guru Trades in Q1 2015

Ron Baron 11,728 sh (+1.73%)
» More
» Details

Insider Trades

Latest Guru Trades with TLLP

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

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Guru Investment Theses on Tesoro Logistics LP

Baron Funds Comments on Tesoro Logistics - Feb 25, 2014

Tesoro Logistics LP (NYSE:TLLP) is a refiner and marketer of petroleum products. We view Tesoro's weak performance in the fourth quarter as mainly technical, since several peers made their debuts through IPOs and Tesoro's position in the AMZ index was rebalanced again, leading to some selling pressure. We continue to see significant cash flow growth for Tesoro over the next two to three years and believe in management's ability to develop and buy accretive assets. We see the current valuation gap between Tesoro and its peers as too wide.

From Ron Baron (Trades, Portfolio)'s Baron Funds fourth quarter 2013 commentary.

Check out Ron Baron latest stock trades

Ratios

vs
industry
vs
history
P/E(ttm) 52.36
TLLP's P/E(ttm) is ranked lower than
78% of the 88 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 26.40 vs. TLLP: 52.36 )
Ranked among companies with meaningful P/E(ttm) only.
TLLP' s 10-Year P/E(ttm) Range
Min: 15.04  Med: 30.71 Max: 101.21
Current: 52.36
15.04
101.21
Forward P/E 15.60
TLLP's Forward P/E is ranked higher than
67% of the 89 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 19.08 vs. TLLP: 15.60 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 45.20
TLLP's PE(NRI) is ranked lower than
78% of the 88 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 25.20 vs. TLLP: 45.20 )
Ranked among companies with meaningful PE(NRI) only.
TLLP' s 10-Year PE(NRI) Range
Min: 9.25  Med: 21.86 Max: 52.05
Current: 45.2
9.25
52.05
P/B 3.07
TLLP's P/B is ranked lower than
69% of the 102 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.12 vs. TLLP: 3.07 )
Ranked among companies with meaningful P/B only.
TLLP' s 10-Year P/B Range
Min: 2.55  Med: 9.93 Max: 19.66
Current: 3.07
2.55
19.66
P/S 4.99
TLLP's P/S is ranked lower than
67% of the 106 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.71 vs. TLLP: 4.99 )
Ranked among companies with meaningful P/S only.
TLLP' s 10-Year P/S Range
Min: 3.77  Med: 5.59 Max: 19.61
Current: 4.99
3.77
19.61
PFCF 5608.65
TLLP's PFCF is ranked lower than
100% of the 47 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 22.06 vs. TLLP: 5608.65 )
Ranked among companies with meaningful PFCF only.
TLLP' s 10-Year PFCF Range
Min: 19.88  Med: 82.74 Max: 5986
Current: 5608.65
19.88
5986
POCF 14.43
TLLP's POCF is ranked lower than
67% of the 92 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 9.59 vs. TLLP: 14.43 )
Ranked among companies with meaningful POCF only.
TLLP' s 10-Year POCF Range
Min: 8  Med: 14.84 Max: 84.34
Current: 14.43
8
84.34
EV-to-EBIT 29.04
TLLP's EV-to-EBIT is ranked lower than
66% of the 87 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 21.50 vs. TLLP: 29.04 )
Ranked among companies with meaningful EV-to-EBIT only.
TLLP' s 10-Year EV-to-EBIT Range
Min: -41.8  Med: 28.30 Max: 51.7
Current: 29.04
-41.8
51.7
Current Ratio 0.79
TLLP's Current Ratio is ranked lower than
78% of the 106 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.14 vs. TLLP: 0.79 )
Ranked among companies with meaningful Current Ratio only.
TLLP' s 10-Year Current Ratio Range
Min: 0.01  Med: 1.25 Max: 12.54
Current: 0.79
0.01
12.54
Quick Ratio 0.79
TLLP's Quick Ratio is ranked lower than
69% of the 106 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.01 vs. TLLP: 0.79 )
Ranked among companies with meaningful Quick Ratio only.
TLLP' s 10-Year Quick Ratio Range
Min: 0.01  Med: 1.25 Max: 12.54
Current: 0.79
0.01
12.54
Days Sales Outstanding 62.17
TLLP's Days Sales Outstanding is ranked lower than
89% of the 98 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 31.36 vs. TLLP: 62.17 )
Ranked among companies with meaningful Days Sales Outstanding only.
TLLP' s 10-Year Days Sales Outstanding Range
Min: 0.8  Med: 43.41 Max: 74.22
Current: 62.17
0.8
74.22

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 4.68
TLLP's Dividend Yield is ranked lower than
83% of the 117 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 6.59 vs. TLLP: 4.68 )
Ranked among companies with meaningful Dividend Yield only.
TLLP' s 10-Year Dividend Yield Range
Min: 0.88  Med: 3.39 Max: 4.97
Current: 4.68
0.88
4.97
Dividend Payout 2.32
TLLP's Dividend Payout is ranked lower than
78% of the 91 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.14 vs. TLLP: 2.32 )
Ranked among companies with meaningful Dividend Payout only.
TLLP' s 10-Year Dividend Payout Range
Min: 0.47  Med: 1.02 Max: 1.86
Current: 2.32
0.47
1.86
Dividend growth (3y) 59.50
TLLP's Dividend growth (3y) is ranked higher than
93% of the 57 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 8.40 vs. TLLP: 59.50 )
Ranked among companies with meaningful Dividend growth (3y) only.
TLLP' s 10-Year Dividend growth (3y) Range
Min: 0  Med: 0.00 Max: 59.5
Current: 59.5
0
59.5
Yield on cost (5-Year) 4.68
TLLP's Yield on cost (5-Year) is ranked lower than
105% of the 117 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 8.13 vs. TLLP: 4.68 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
TLLP' s 10-Year Yield on cost (5-Year) Range
Min: 0.88  Med: 3.39 Max: 4.97
Current: 4.68
0.88
4.97
Share Buyback Rate -52.50
TLLP's Share Buyback Rate is ranked lower than
95% of the 74 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: -7.80 vs. TLLP: -52.50 )
Ranked among companies with meaningful Share Buyback Rate only.
TLLP' s 10-Year Share Buyback Rate Range
Min: 0  Med: -17.25 Max: -52.5
Current: -52.5

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 12.81
TLLP's Price/Tangible Book is ranked lower than
94% of the 86 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.94 vs. TLLP: 12.81 )
Ranked among companies with meaningful Price/Tangible Book only.
TLLP' s 10-Year Price/Tangible Book Range
Min: 2.95  Med: 12.49 Max: 20.69
Current: 12.81
2.95
20.69
Price/Median PS Value 0.87
TLLP's Price/Median PS Value is ranked higher than
70% of the 96 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.96 vs. TLLP: 0.87 )
Ranked among companies with meaningful Price/Median PS Value only.
TLLP' s 10-Year Price/Median PS Value Range
Min: 0.75  Med: 1.00 Max: 3.37
Current: 0.87
0.75
3.37
Price/Graham Number 4.43
TLLP's Price/Graham Number is ranked lower than
91% of the 68 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.72 vs. TLLP: 4.43 )
Ranked among companies with meaningful Price/Graham Number only.
TLLP' s 10-Year Price/Graham Number Range
Min: 1.77  Med: 5.00 Max: 6.3
Current: 4.43
1.77
6.3
Earnings Yield (Greenblatt) (%) 3.44
TLLP's Earnings Yield (Greenblatt) (%) is ranked lower than
55% of the 103 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 4.00 vs. TLLP: 3.44 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
TLLP' s 10-Year Earnings Yield (Greenblatt) (%) Range
Min: 1.9  Med: 3.40 Max: 8.4
Current: 3.44
1.9
8.4

Business Description

Industry: Oil & Gas - Midstream » Oil & Gas Midstream
Compare: » details
Traded in other countries:TS5.Germany,
Tesoro Logistics LP is a Delaware limited partnership formed in December 2010. The Company was formed by Tesoro to own, operate, develop and acquire crude oil and refined products logistics assets. The Company's logistics assets are integral to the success of Tesoro's refining and marketing operations and are used to gather, transport and store crude oil and to distribute, transport and store refined products. The Company's initial assets consist of a crude oil gathering system in the Bakken Shale/Williston Basin area of North Dakota and Montana, eight refined products terminals in the midwestern and western United States and a crude oil and refined products storage facility and five related short-haul pipelines in Utah. Its assets and operations are organized into the following two segments: Crude Oil Gathering segment consists of a crude oil gathering system (the "High Plains System") in the Bakken Region. Its High Plains System gathers and transports crude oil from various production locations in this area for transportation to Tesoro's North Dakota refinery and other destinations in the Bakken Region, including export rail terminals and pipelines.; and Terminalling, Transportation and Storage segment consists of carrier products pipeline running from Salt Lake City, Utah to Spokane, Washington and a jet fuel pipeline to the Salt Lake City International Airport (the "Northwest Products Pipeline. It consists of 20 crude oil and refined products terminals and storage facilities in the western and midwestern U.S, four marine terminals in California, a rail-car unloading facility, a petroleum coke handling and storage facility in Los Angele, other pipelines which transport products and crude oil from Tesoro's refineries to nearby facilities in Salt Lake City and Los Angeles. The Company's operation of pipelines, terminals, and associated facilities in connection with the storage and transportation of crude oil and refined products is subject to extensive and frequently-changing federal, state and local laws, regulations, permits and ordinances relating to the protection of the environment.
» More Articles for TLLP

Headlines

Articles On GuruFocus.com
Baron Funds Comments on Tesoro Logistics Feb 25 2014 
65 Best Yielding Stocks With Ex-Dividend Date August 2012 Jul 28 2012 

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