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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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July 22, 2014
09:10 EDTTEPTallgrass Energy 7M share Spot Secondary priced at $41.07
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July 21, 2014
18:40 EDTTEPOn The Fly: After Hours Movers
UP AFTER EARNINGS: Netflix (NFLX), up marginally after reporting Q2 results... Sanmina (SANM), up 13.2% after reporting third quarter results and fourth quarter guidance above analyst estimates... Chipotle (CMG), up 10.1%... Helix (HLX), up 5.2%... Canadian National (CNI), up 1.13%... CYS Investments (CYS), up 1.7%. ALSO HIGHER: Apache (APA), up 5% after Bloomberg says JANA discloses $1B position... Johnson & Johnson (JNJ), up 1% after announcing a $5B share repurchase program... TG Therapeutics (TGTX), up 4.3% after reporting second quarter results and preliminary clinical results from TG-1101 Phase I study... DOWN AFTER EARNINGS: Rambus (RMBS), down 3.6% after reporting second quarter results... Ultra Clean (UCTT), down 4% after reporting quarterly results. ALSO LOWER: Tallgrass Energy (TEP), down 5% after filing to sell 7M common units representing limited partners.
16:30 EDTTEPTallgrass Energy files to sell 7M common units representing limited partners
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16:24 EDTTEPTallgrass Energy announces potential acquisition of interest in Pony Express
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