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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 0.38
NYSE:TEP's Equity-to-Asset is ranked lower than
56% of the 108 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.41 vs. NYSE:TEP: 0.38 )
Ranked among companies with meaningful Equity-to-Asset only.
NYSE:TEP' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.38  Med: 0.51 Max: 0.78
Current: 0.38
0.38
0.78
Debt-to-Equity 1.41
NYSE:TEP's Debt-to-Equity is ranked lower than
70% of the 92 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 9999.00 vs. NYSE:TEP: 1.41 )
Ranked among companies with meaningful Debt-to-Equity only.
NYSE:TEP' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.14  Med: 0.57 Max: 1.48
Current: 1.41
0.14
1.48
Debt-to-EBITDA 5.73
NYSE:TEP's Debt-to-EBITDA is ranked lower than
67% of the 97 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 4.66 vs. NYSE:TEP: 5.73 )
Ranked among companies with meaningful Debt-to-EBITDA only.
NYSE:TEP' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.78  Med: 3.34 Max: 5.73
Current: 5.73
1.78
5.73
Interest Coverage 3.92
NYSE:TEP's Interest Coverage is ranked higher than
54% of the 104 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 4.23 vs. NYSE:TEP: 3.92 )
Ranked among companies with meaningful Interest Coverage only.
NYSE:TEP' s Interest Coverage Range Over the Past 10 Years
Min: 3.77  Med: 7.32 Max: No Debt
Current: 3.92
Piotroski F-Score: 5
Altman Z-Score: 1.34
Beneish M-Score: -2.14
WACC vs ROIC
6.93%
8.41%
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 % 43.25
NYSE:TEP's Operating Margin % is ranked higher than
79% of the 107 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 20.34 vs. NYSE:TEP: 43.25 )
Ranked among companies with meaningful Operating Margin % only.
NYSE:TEP' s Operating Margin % Range Over the Past 10 Years
Min: 11.7  Med: 24.59 Max: 43.25
Current: 43.25
11.7
43.25
Net Margin % 64.09
NYSE:TEP's Net Margin % is ranked higher than
87% of the 107 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 10.29 vs. NYSE:TEP: 64.09 )
Ranked among companies with meaningful Net Margin % only.
NYSE:TEP' s Net Margin % Range Over the Past 10 Years
Min: 2.48  Med: 25.24 Max: 64.09
Current: 64.09
2.48
64.09
ROE % 19.04
NYSE:TEP's ROE % is ranked higher than
64% of the 105 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 7.81 vs. NYSE:TEP: 19.04 )
Ranked among companies with meaningful ROE % only.
NYSE:TEP' s ROE % Range Over the Past 10 Years
Min: 0.89  Med: 7.99 Max: 19.04
Current: 19.04
0.89
19.04
ROA % 11.87
NYSE:TEP's ROA % is ranked higher than
82% of the 113 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 3.92 vs. NYSE:TEP: 11.87 )
Ranked among companies with meaningful ROA % only.
NYSE:TEP' s ROA % Range Over the Past 10 Years
Min: 0.54  Med: 4.89 Max: 11.87
Current: 11.87
0.54
11.87
ROC (Joel Greenblatt) % 12.89
NYSE:TEP's ROC (Joel Greenblatt) % is ranked higher than
65% of the 110 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 8.97 vs. NYSE:TEP: 12.89 )
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: 6.97 Max: 12.89
Current: 12.89
3.56
12.89
3-Year Revenue Growth Rate 6.20
NYSE:TEP's 3-Year Revenue Growth Rate is ranked higher than
76% of the 87 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: -6.00 vs. NYSE:TEP: 6.20 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
NYSE:TEP' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: 0  Med: 0 Max: 6.2
Current: 6.2
0
6.2
3-Year EBITDA Growth Rate 38.30
NYSE:TEP's 3-Year EBITDA Growth Rate is ranked higher than
86% of the 80 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 3.60 vs. NYSE:TEP: 38.30 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
NYSE:TEP' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: 0  Med: 0 Max: 38.3
Current: 38.3
0
38.3
3-Year EPS without NRI Growth Rate 135.80
NYSE:TEP's 3-Year EPS without NRI Growth Rate is ranked higher than
97% of the 68 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 7.70 vs. NYSE:TEP: 135.80 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
NYSE:TEP' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: 0  Med: 0 Max: 135.8
Current: 135.8
0
135.8
GuruFocus has detected 2 Warning Signs with Tallgrass Energy Partners LP NYSE:TEP.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» NYSE:TEP's 30-Y Financials

Financials (Next Earnings Date: 2018-02-15 Est.)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q4 2016

TEP Guru Trades in Q4 2016

Jim Simons 307,900 sh (+186.42%)
Ron Baron 43,540 sh (-21.04%)
T Boone Pickens 16,688 sh (-49.66%)
» More
Q1 2017

TEP Guru Trades in Q1 2017

T Boone Pickens 39,321 sh (+135.62%)
Ron Baron Sold Out
Jim Simons 270,600 sh (-12.11%)
» More
Q2 2017

TEP Guru Trades in Q2 2017

T Boone Pickens 39,321 sh (unchged)
Jim Simons 169,300 sh (-37.44%)
» More
Q3 2017

TEP Guru Trades in Q3 2017

T Boone Pickens 44,306 sh (+12.68%)
Jim Simons 115,100 sh (-32.01%)
» 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%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
T Boone Pickens 2017-09-30 Add 12.68%0.1%$44.53 - $52.06 $ 43.36-11%44,306
T Boone Pickens 2017-03-31 Add 135.62%0.55%$47.19 - $54.9 $ 43.36-15%39,321
Ron Baron 2017-03-31 Sold Out 0.01%$47.19 - $54.9 $ 43.36-15%0
Ron Baron 2016-12-31 Reduce -21.04%$43.69 - $48.58 $ 43.36-7%43,540
T Boone Pickens 2016-12-31 Reduce -49.66%0.28%$43.69 - $48.58 $ 43.36-7%16,688
Premium More recent guru trades are included for Premium Members only!!
Premium More recent guru trades are included for USA Subscribe Members only!!
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Business Description

Industry: Oil & Gas - Midstream » Oil & Gas Midstream    NAICS: 213112    SIC: 4922
Compare:NYSE:AMGP, BOG:PROMIGAS, NYSE:NS, NYSE:DM, NYSE:BWP, NYSE:PAGP, NYSE:GEL, NYSE:TCP, NYSE:ENLC, TSX:ALA, NYSE:TEGP, NYSE:VLP, XBRU:FLUX, NYSE:HEP, NYSE:RMP, NYSE:SHLX, TSX:KML, NYSE:SEMG, TSX:GEI, NYSE:DCP » details
Traded in other countries:TGJ.Germany,
Headquarter Location:USA
Tallgrass Energy Partners LP focuses on the operation, acquisition, and development of natural gas and crude oil in North America. It is also engaged in natural gas processing, treating and fractionation facilities.

Tallgrass Energy Partners is a young master limited partnership that focuses opportunistically on growth through acquisition and development of natural gas and crude oil transportation, as well as gathering and processing assets. Tallgrass operates and has participating interests in some of the more strategically important midstream assets in the Bakken and Rockies (for example, the REX and Pony Express lines).

Top Ranked Articles about Tallgrass Energy Partners LP

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According to GuruFocus Insider Data, these are the largest CEO buys during the past week.  Read more...
Weekly CEO Buys Highlights Insiders invest in OPKO, Plains GP, Twilio, Tallgrass Energy, Kite Pharma
According to GuruFocus’ Insider Data, these are the largest CEO buys during the past week. Read more...

Ratios

vs
industry
vs
history
PE Ratio 11.63
TEP's PE Ratio is ranked higher than
51% of the 88 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 22.00 vs. TEP: 11.63 )
Ranked among companies with meaningful PE Ratio only.
TEP' s PE Ratio Range Over the Past 10 Years
Min: 11.46  Med: 22.96 Max: 184.29
Current: 11.63
11.46
184.29
Forward PE Ratio 9.29
TEP's Forward PE Ratio is ranked higher than
87% of the 64 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 18.38 vs. TEP: 9.29 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 11.63
TEP's PE Ratio without NRI is ranked higher than
52% of the 85 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 21.73 vs. TEP: 11.63 )
Ranked among companies with meaningful PE Ratio without NRI only.
TEP' s PE Ratio without NRI Range Over the Past 10 Years
Min: 11.46  Med: 22.96 Max: 184.29
Current: 11.63
11.46
184.29
Price-to-Owner-Earnings 9.71
TEP's Price-to-Owner-Earnings is ranked higher than
62% of the 40 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 20.61 vs. TEP: 9.71 )
Ranked among companies with meaningful Price-to-Owner-Earnings only.
TEP' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 9.57  Med: 17.44 Max: 20.38
Current: 9.71
9.57
20.38
PB Ratio 2.10
TEP's PB Ratio is ranked lower than
60% of the 105 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.85 vs. TEP: 2.10 )
Ranked among companies with meaningful PB Ratio only.
TEP' s PB Ratio Range Over the Past 10 Years
Min: 1.01  Med: 2.15 Max: 2.74
Current: 2.1
1.01
2.74
PS Ratio 4.97
TEP's PS Ratio is ranked lower than
80% of the 107 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.74 vs. TEP: 4.97 )
Ranked among companies with meaningful PS Ratio only.
TEP' s PS Ratio Range Over the Past 10 Years
Min: 3.06  Med: 5.35 Max: 7.28
Current: 4.97
3.06
7.28
Price-to-Free-Cash-Flow 7.05
TEP's Price-to-Free-Cash-Flow is ranked higher than
75% of the 68 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 15.06 vs. TEP: 7.05 )
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
TEP' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 6.94  Med: 9.99 Max: 79.56
Current: 7.05
6.94
79.56
Price-to-Operating-Cash-Flow 5.73
TEP's Price-to-Operating-Cash-Flow is ranked higher than
60% of the 98 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 9.16 vs. TEP: 5.73 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
TEP' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 5.65  Med: 12.55 Max: 30.53
Current: 5.73
5.65
30.53
EV-to-EBIT 19.43
TEP's EV-to-EBIT is ranked lower than
54% of the 97 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 20.49 vs. TEP: 19.43 )
Ranked among companies with meaningful EV-to-EBIT only.
TEP' s EV-to-EBIT Range Over the Past 10 Years
Min: 14.6  Med: 33.6 Max: 74.3
Current: 19.43
14.6
74.3
EV-to-EBITDA 14.50
TEP's EV-to-EBITDA is ranked lower than
61% of the 103 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 14.28 vs. TEP: 14.50 )
Ranked among companies with meaningful EV-to-EBITDA only.
TEP' s EV-to-EBITDA Range Over the Past 10 Years
Min: 10.1  Med: 17.3 Max: 40.6
Current: 14.5
10.1
40.6
EV-to-Revenue 8.37
TEP's EV-to-Revenue is ranked lower than
81% of the 107 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 5.13 vs. TEP: 8.37 )
Ranked among companies with meaningful EV-to-Revenue only.
TEP' s EV-to-Revenue Range Over the Past 10 Years
Min: 4.6  Med: 8.1 Max: 10.7
Current: 8.37
4.6
10.7
Current Ratio 0.55
TEP's Current Ratio is ranked lower than
89% of the 109 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.05 vs. TEP: 0.55 )
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: 0.55
0.3
1.48
Quick Ratio 0.50
TEP's Quick Ratio is ranked lower than
88% of the 109 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.94 vs. TEP: 0.50 )
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: 0.5
0.27
1.23
Days Inventory 23.02
TEP's Days Inventory is ranked lower than
73% of the 84 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 13.86 vs. TEP: 23.02 )
Ranked among companies with meaningful Days Inventory only.
TEP' s Days Inventory Range Over the Past 10 Years
Min: 7.79  Med: 20.56 Max: 27.51
Current: 23.02
7.79
27.51
Days Sales Outstanding 54.81
TEP's Days Sales Outstanding is ranked lower than
63% of the 97 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 31.36 vs. TEP: 54.81 )
Ranked among companies with meaningful Days Sales Outstanding only.
TEP' s Days Sales Outstanding Range Over the Past 10 Years
Min: 35.87  Med: 38.4 Max: 54.81
Current: 54.81
35.87
54.81
Days Payable 126.68
TEP's Days Payable is ranked higher than
55% of the 77 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 38.13 vs. TEP: 126.68 )
Ranked among companies with meaningful Days Payable only.
TEP' s Days Payable Range Over the Past 10 Years
Min: 45.55  Med: 73.12 Max: 300.45
Current: 126.68
45.55
300.45

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield % 8.12
TEP's Dividend Yield % is ranked lower than
75% of the 116 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 8.54 vs. TEP: 8.12 )
Ranked among companies with meaningful Dividend Yield % only.
TEP' s Dividend Yield % Range Over the Past 10 Years
Min: 0.55  Med: 4.59 Max: 8.24
Current: 8.12
0.55
8.24
Dividend Payout Ratio 0.90
TEP's Dividend Payout Ratio is ranked lower than
62% of the 117 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.11 vs. TEP: 0.90 )
Ranked among companies with meaningful Dividend Payout Ratio only.
TEP' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.9  Med: 1.22 Max: 2.59
Current: 0.9
0.9
2.59
3-Year Dividend Growth Rate 87.40
TEP's 3-Year Dividend Growth Rate is ranked higher than
93% of the 61 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 8.70 vs. TEP: 87.40 )
Ranked among companies with meaningful 3-Year Dividend Growth Rate only.
TEP' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 0  Med: 0 Max: 87.4
Current: 87.4
0
87.4
Forward Dividend Yield % 8.72
TEP's Forward Dividend Yield % is ranked lower than
60% of the 116 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 8.88 vs. TEP: 8.72 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 8.11
TEP's 5-Year Yield-on-Cost % is ranked lower than
99.99% of the 113 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 6.11 vs. TEP: 8.11 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
TEP' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 0.55  Med: 4.59 Max: 8.24
Current: 8.11
0.55
8.24
3-Year Average Share Buyback Ratio -21.40
TEP's 3-Year Average Share Buyback Ratio is ranked lower than
73% of the 78 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: -10.10 vs. TEP: -21.40 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
TEP' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -21.4  Med: 0 Max: 0
Current: -21.4
-21.4
0

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 3.19
TEP's Price-to-Tangible-Book is ranked lower than
64% of the 94 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.70 vs. TEP: 3.19 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
TEP' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.9  Med: 3.44 Max: 4.29
Current: 3.19
1.9
4.29
Price-to-Median-PS-Value 0.94
TEP's Price-to-Median-PS-Value is ranked lower than
54% of the 97 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.03 vs. TEP: 0.94 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
TEP' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.71  Med: 1.03 Max: 1.22
Current: 0.94
0.71
1.22
Price-to-Graham-Number 1.28
TEP's Price-to-Graham-Number is ranked lower than
53% of the 68 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.75 vs. TEP: 1.28 )
Ranked among companies with meaningful Price-to-Graham-Number only.
TEP' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.27  Med: 1.95 Max: 3.6
Current: 1.28
1.27
3.6
Earnings Yield (Greenblatt) % 5.15
TEP's Earnings Yield (Greenblatt) % is ranked higher than
53% of the 111 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 4.68 vs. TEP: 5.15 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
TEP' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: 1.3  Med: 3 Max: 6.8
Current: 5.15
1.3
6.8

More Statistics

Revenue (TTM) (Mil) $636.80
EPS (TTM) $ 3.73
Beta0.94
Short Percentage of Float7.40%
52-Week Range $42.65 - 55.50
Shares Outstanding (Mil)73.20

Analyst Estimate

Dec17 Dec18 Dec19 Dec20
Revenue (Mil $) 698 791 934 1,026
EPS ($) 4.14 4.67 4.82 4.07
EPS without NRI ($) 4.14 4.67 4.82 4.07
EPS Growth Rate
(Future 3Y To 5Y Estimate)
10.34%
Dividends per Share ($) 3.68 4.04 4.75 4.98

Piotroski F-Score Details

Piotroski F-Score: 55
Positive ROAY
Positive CFROAY
Higher ROA yoyY
CFROA > ROAY
Lower Leverage yoyN
Higher Current Ratio yoyN
Less Shares Outstanding yoyY
Higher Gross Margin yoyN
Higher Asset Turnover yoyN

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