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Stock Market & Financial Investment News

News Breaks
March 28, 2014
05:58 EDTTEPTallgrass Energy upgraded to Buy from Neutral at Citigroup
Citigroup upgraded Tallgrass Energy to Buy on expectations the Rockies Express Pipeline will be reversed due to growing volumes of natural gas production. Citi raised its price target for shares to $38.50 from $22.50.
News For TEP From The Last 14 Days
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April 28, 2015
05:50 EDTTEPStocks with implied volatility movement; TEP TZA
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April 27, 2015
08:27 EDTTEPTallgrass Energy reports preliminary Q1 net income $31.9M-$32.6M
Tallgrass Energy Partners disclosed in a regulatory filing that financial information, as of and for the three months ended March 31, is not yet available. However, based on the information and data currently available, management estimates on a preliminary basis, that net income attributable to partners of the Partnership for the three months ended March 31 is expected to be between $31.9M-$32.6M compared to $12.9M for the three months ended March 31, 2014. Adjusted EBITDA of the Partnership for the three months ended March 31 is expected to be between $52.4-$53.1M compared to $22.1M for the three months ended March 31, 2014. Distributable cash flow of the Partnership for the three months ended March 31 is expected to be between $46.1M-$47.2M compared to $20.1M for the three months ended March 31, 2014. Expected distributable cash flow of the Partnership for the three months ended March 31 is expected to represent a coverage ratio of between 1.19-1.22.

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