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Tallgrass Energy GP: 1Q Earnings Snapshot

LEAWOOD, Kan. (AP) _ Tallgrass Energy GP LP (TGE) on Tuesday reported first-quarter net income of $50.6 million.

The Leawood, Kansas-based company said it had profit of 31 cents per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 40 cents per share.

The limited partnership posted revenue of $197.4 million in the period.

Tallgrass Energy GP shares have increased slightly since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $24.43, a rise of 21% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TGE at https://www.zacks.com/ap/TGE