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Stock Market & Financial Investment News

News Breaks
July 1, 2014
08:05 EDTTEPTallgrass Energy increases quarterly distribution by 16.9% to 38c
Tallgrass Energy announced that the board of its general partner declared a quarterly cash distribution to partners of 38c per common unit for Q2, or $1.52 on an annualized basis. This represents an amount that is 32.2% over TEP's minimum quarterly distribution and a 16.9% increase from the Q1 distribution of 32.5c. The increase is in conjunction with and related to the acquisition of Trailblazer Pipeline on April 1. The quarterly distribution will be paid on August 14 to unitholders of record as of the close of business on Wednesday, July 30.
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.
April 14, 2015
08:38 EDTTEPTallgrass Energy increases quarterly dividend to 52c per share
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