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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 : 5/10

vs
industry
vs
history
Equity to Asset 0.15
TLLP's Equity to Asset is ranked higher than
56% of the 128 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.38 vs. TLLP: 0.15 )
TLLP' s 10-Year Equity to Asset Range
Min: -1.2   Max: 0.96
Current: 0.15

-1.2
0.96
Interest Coverage 2.04
TLLP's Interest Coverage is ranked higher than
60% of the 103 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 3.53 vs. TLLP: 2.04 )
TLLP' s 10-Year Interest Coverage Range
Min: 2.04   Max: 9999.99
Current: 2.04

2.04
9999.99
F-Score: 3
Z-Score: 2.05
M-Score: 1.89
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 : 4/10

vs
industry
vs
history
Operating margin (%) 31.97
TLLP's Operating margin (%) is ranked higher than
89% of the 129 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 9.69 vs. TLLP: 31.97 )
TLLP' s 10-Year Operating margin (%) Range
Min: -96.51   Max: 41.09
Current: 31.97

-96.51
41.09
Net-margin (%) 26.50
TLLP's Net-margin (%) is ranked higher than
90% of the 129 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 5.39 vs. TLLP: 26.50 )
TLLP' s 10-Year Net-margin (%) Range
Min: -96.51   Max: 39.58
Current: 26.5

-96.51
39.58
ROE (%) 48.98
TLLP's ROE (%) is ranked higher than
99% of the 137 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 7.48 vs. TLLP: 48.98 )
TLLP' s 10-Year ROE (%) Range
Min: -16.28   Max: 1767.73
Current: 48.98

-16.28
1767.73
ROA (%) 8.29
TLLP's ROA (%) is ranked higher than
93% of the 139 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 3.00 vs. TLLP: 8.29 )
TLLP' s 10-Year ROA (%) Range
Min: -15.46   Max: 19.03
Current: 8.29

-15.46
19.03
ROC (Joel Greenblatt) (%) 11.45
TLLP's ROC (Joel Greenblatt) (%) is ranked higher than
84% of the 133 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 8.18 vs. TLLP: 11.45 )
TLLP' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -31.68   Max: 27.29
Current: 11.45

-31.68
27.29
Revenue Growth (%) 75.40
TLLP's Revenue Growth (%) is ranked higher than
97% of the 114 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 5.50 vs. TLLP: 75.40 )
TLLP' s 10-Year Revenue Growth (%) Range
Min: 0   Max: 75.4
Current: 75.4

0
75.4
» TLLP's 10-Y Financials

Financials


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

» Details

Guru Trades

Q3 2013

TLLP Guru Trades in Q3 2013

Ron Baron 513,799 sh (-13.22%)
Jim Simons 84,468 sh (-28.03%)
» More
Q4 2013

TLLP Guru Trades in Q4 2013

Jim Simons 332,868 sh (+294.08%)
Ron Baron 518,999 sh (+1.01%)
» More
Q1 2014

TLLP Guru Trades in Q1 2014

Ron Baron 518,999 sh (unchged)
Jim Simons 206,813 sh (-37.87%)
» More
Q2 2014

TLLP Guru Trades in Q2 2014

Ron Baron 408,428 sh (-21.3%)
Jim Simons 63,751 sh (-69.17%)
» 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%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Ron Baron 2014-06-30 Reduce -21.3%0.03%$61.71 - $75.39 $ 68.231%408428
Ron Baron 2013-03-31 New Buy0.19%$41.7 - $55.36 $ 68.2342%637247
Ron Baron 2012-03-31 Sold Out 0.0019%$31.53 - $36.95 $ 68.23110%0
Ron Baron 2011-12-31 Reduce -36.46%$22.88 - $33.4 $ 68.23145%8800
Ron Baron 2011-06-30 New Buy$22.81 - $25.19 $ 68.23185%15900
Premium More recent guru trades are included for Premium Members only!!
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Guru Investment Theses on Tesoro Logistics LP

Baron Funds Comments on Tesoro Logistics - Feb 25, 2014

Tesoro Logistics LP (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

Top Ranked Articles about Tesoro Logistics LP

Baron Funds Comments on Tesoro Logistics
Tesoro Logistics LP (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. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 37.00
TLLP's P/E(ttm) is ranked higher than
76% of the 140 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 37.10 vs. TLLP: 37.00 )
TLLP' s 10-Year P/E(ttm) Range
Min: 15.04   Max: 101.21
Current: 37

15.04
101.21
P/B 15.10
TLLP's P/B is ranked higher than
55% of the 140 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.77 vs. TLLP: 15.10 )
TLLP' s 10-Year P/B Range
Min: 2.55   Max: 16.14
Current: 15.1

2.55
16.14
P/S 6.30
TLLP's P/S is ranked higher than
64% of the 140 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.59 vs. TLLP: 6.30 )
TLLP' s 10-Year P/S Range
Min: 3.77   Max: 19.61
Current: 6.3

3.77
19.61
PFCF 95.60
TLLP's PFCF is ranked higher than
84% of the 140 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 9999.00 vs. TLLP: 95.60 )
TLLP' s 10-Year PFCF Range
Min: 19.88   Max: 335.89
Current: 95.6

19.88
335.89
EV-to-EBIT 36.70
TLLP's EV-to-EBIT is ranked higher than
69% of the 140 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 27.79 vs. TLLP: 36.70 )
TLLP' s 10-Year EV-to-EBIT Range
Min: 11.9   Max: 51.7
Current: 36.7

11.9
51.7
Current Ratio 0.92
TLLP's Current Ratio is ranked higher than
68% of the 139 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.08 vs. TLLP: 0.92 )
TLLP' s 10-Year Current Ratio Range
Min: 0.01   Max: 12.54
Current: 0.92

0.01
12.54
Quick Ratio 0.92
TLLP's Quick Ratio is ranked higher than
78% of the 139 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.92 vs. TLLP: 0.92 )
TLLP' s 10-Year Quick Ratio Range
Min: 0.01   Max: 12.54
Current: 0.92

0.01
12.54

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 3.20
TLLP's Dividend Yield is ranked lower than
65% of the 121 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 4.05 vs. TLLP: 3.20 )
TLLP' s 10-Year Dividend Yield Range
Min: 0.88   Max: 4.42
Current: 3.2

0.88
4.42
Dividend Payout 0.88
TLLP's Dividend Payout is ranked higher than
84% of the 140 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.48 vs. TLLP: 0.88 )
TLLP' s 10-Year Dividend Payout Range
Min: 0.47   Max: 1.38
Current: 0.88

0.47
1.38
Yield on cost (5-Year) 3.50
TLLP's Yield on cost (5-Year) is ranked lower than
81% of the 121 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 5.96 vs. TLLP: 3.50 )
TLLP' s 10-Year Yield on cost (5-Year) Range
Min: 0.88   Max: 4.42
Current: 3.5

0.88
4.42
Share Buyback Rate -34.50
TLLP's Share Buyback Rate is ranked higher than
56% of the 123 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: -12.60 vs. TLLP: -34.50 )
TLLP' s 10-Year Share Buyback Rate Range
Min: 0   Max: -34.5
Current: -34.5

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 15.09
TLLP's Price/Tangible Book is ranked higher than
59% of the 140 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 4.02 vs. TLLP: 15.09 )
TLLP' s 10-Year Price/Tangible Book Range
Min: 2.95   Max: 15.83
Current: 15.09

2.95
15.83
Price/Median PS Value 0.98
TLLP's Price/Median PS Value is ranked higher than
84% of the 140 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.42 vs. TLLP: 0.98 )
TLLP' s 10-Year Price/Median PS Value Range
Min: 0.72   Max: 3.2
Current: 0.98

0.72
3.2
Price/Graham Number 4.58
TLLP's Price/Graham Number is ranked higher than
69% of the 140 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.56 vs. TLLP: 4.58 )
TLLP' s 10-Year Price/Graham Number Range
Min: 1.77   Max: 4.99
Current: 4.58

1.77
4.99
Earnings Yield (Greenblatt) 2.60
TLLP's Earnings Yield (Greenblatt) is ranked higher than
64% of the 123 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 3.80 vs. TLLP: 2.60 )
TLLP' s 10-Year Earnings Yield (Greenblatt) Range
Min: 1.9   Max: 8.4
Current: 2.6

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 recently 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- its common carrier crude oil gathering system in North Dakota and Montana, which it refers to as its High Plains system, includes an approximate 23,000 barrels per day (bpd) truck-based crude oil gathering operation and approximately 700 miles of pipeline and related storage assets with the current capacity to deliver up to 70,000 bpd to Tesoro's Mandan, North Dakota refinery; and Terminalling, Transportation and Storage- it owns and operates eight refined products terminals with aggregate truck and barge delivery capacity of approximately 229,000 bpd. The terminals provide distribution primarily for refined products produced at Tesoro's refineries located in Los Angeles and Martinez, California; Salt Lake City, Utah; Kenai, Alaska; Anacortes, Washington; and Mandan, North Dakota.
» 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 

More From Other Websites
TESORO LOGISTICS LP Files SEC form 8-K, Entry into a Material Definitive Agreement, Completion of... Sep 30 2014
Tesoro Logistics LP Closes the Acquisition of the Second Portion of the West Coast Logistics Assets... Sep 30 2014
Tesoro Pledges $1.1 Million to Support K-12 Education in Local Communities Sep 22 2014
Tesoro Logistics LP Appoints Steven Sterin to Board of Directors Sep 02 2014
TESORO LOGISTICS LP Files SEC form 8-K, Entry into a Material Definitive Agreement, Regulation FD... Aug 20 2014
Tesoro Logistics LP Prices Public Offering of 2,100,000 Common Units Aug 19 2014
Tesoro Logistics LP Announces Public Offering of 2,100,000 Common Units Aug 18 2014
TESORO LOGISTICS LP Files SEC form 8-K, Change in Directors or Principal Officers Aug 15 2014
Tesoro Announces Two Executive Appointments Aug 14 2014
Tesoro's Focus on Shareholder Returns Lead to a 52-Week High Aug 11 2014
TESORO LOGISTICS LP Financials Aug 08 2014
TESORO LOGISTICS LP Files SEC form 10-Q, Quarterly Report Aug 01 2014
Tesoro (TSO) Misses Q2 Earnings Estimates, Raises Dividend Jul 31 2014
Tesoro Logistics LP Earnings Call scheduled for 10:00 am ET today Jul 31 2014
TESORO LOGISTICS LP Files SEC form 8-K, Results of Operations and Financial Condition, Change in... Jul 30 2014
Tesoro Logistics LP Reports Second Quarter 2014 Results Jul 30 2014
Tesoro Corporation Reports 2014 Second Quarter Results Jul 30 2014
Q2 2014 Tesoro Logistics LP Earnings Release - After Market Close Jul 30 2014
TESORO LOGISTICS LP Files SEC form 8-K, Regulation FD Disclosure Jul 24 2014
Tesoro Logistics LP Announces Quarterly Distribution Jul 24 2014

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