TGE - Tallgrass Energy, LP

NYSE - NYSE Delayed Price. Currency in USD
24.29
-0.22 (-0.90%)
At close: 4:02PM EDT
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Previous Close24.51
Open24.50
Bid24.31 x 800
Ask24.32 x 800
Day's Range24.28 - 24.56
52 Week Range20.27 - 26.35
Volume906,849
Avg. Volume987,872
Market Cap6.807B
Beta (3Y Monthly)0.12
PE Ratio (TTM)19.16
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield2.02 (8.90%)
Ex-Dividend Date2019-04-29
1y Target EstN/A
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All
News
Press Releases
  • Business Wire9 days ago

    Tallgrass Energy Increases Quarterly Dividend and Announces Date for First Quarter 2019 Financial Results

    Tallgrass Energy, LP (TGE) today announced its quarterly dividend for the first quarter of 2019. The dividend will be paid on Wednesday, May 15, 2019, to shareholders of record as of the close of business on Tuesday, April 30, 2019. The board of directors of TGE’s general partner declared a quarterly cash dividend of $0.5300 per Class A share for the first quarter of 2019, or $2.12 on an annualized basis.

  • Business Wirelast month

    Tallgrass Energy Promotes Bill Moler to President and COO

    Tallgrass Energy, LP (TGE) today announced the promotion of Chief Operating Officer Bill Moler to President effective immediately. David G. Dehaemers Jr. remains CEO and Moler will retain his current COO title. A 30-year veteran of the oil and gas industry recognized for his deep expertise in the midstream sector, Moler has been Executive Vice President and COO since the company’s inception in 2012.

  • Business Wirelast month

    Tallgrass Energy Extends Pony Express Open Season to Accommodate New Committed Shippers

    Tallgrass Energy, LP , through its affiliate Tallgrass Pony Express Pipeline, LLC , today announced it has extended and expanded its open season soliciting shipper commitments for crude oil transportation service from origins in Wyoming and Colorado to refinery destinations along the Pony Express system and to Cushing, Okla., to reflect updated rates and contracting options to accommodate newly secured ...

  • Business Wirelast month

    Blackstone Infrastructure Partners Closes Purchase of Controlling Interest in Tallgrass Energy

    Tallgrass Energy, LP (TGE) and Blackstone (BX) today announced that affiliates of Blackstone Infrastructure Partners (“BIP") have closed the purchase of 100 percent of the membership interests in TGE’s general partner, as well as an approximately 44 percent economic interest in Tallgrass Energy from affiliates of Kelso & Company, The Energy & Minerals Group and Tallgrass KC, LLC, an entity owned by certain members of TGE’s management, for total cash consideration of approximately $3.2 billion. Affiliates of GIC, Singapore’s sovereign wealth fund, and Enagás, a Spanish energy company, are minority investors in the transaction. Tallgrass Energy, LP (TGE) is a growth-oriented midstream energy infrastructure company operating across 11 states with transportation, storage, terminal, water, gathering and processing assets that serve some of the nation’s most prolific crude oil and natural gas basins.

  • Business Wire2 months ago

    Tallgrass Energy Announces Completion of Consent Solicitations for its Senior Notes due 2023, 2024 and 2028

    Tallgrass Energy, LP (TGE) (“TGE”) announced today that its subsidiaries, Tallgrass Energy Partners, LP and Tallgrass Energy Finance Corp. (together, the “Issuers”), have completed the previously announced solicitation of consents (the “Consent Solicitations”) from holders (the “Holders”) of their outstanding 4.75% Senior Notes due 2023 (“2023 Notes”), their outstanding 5.50% Senior Notes due 2024 (“2024 Notes”), and their outstanding 5.50% Senior Notes due 2028 (“2028 Notes”, together with the 2023 Notes and the 2024 Notes, the “Notes”). In connection with the Consent Solicitations, the Issuers, the guarantors party thereto and the trustee have entered into supplemental indentures (the “Supplemental Indentures”) to each of the indentures governing the Notes (the “Indentures”) to effect amendments (the “Amendments”) to each of the Indentures as described in the Consent Solicitation Statement, dated as of February 21, 2019 (the “Consent Solicitation Statement”).

  • Business Wire2 months ago

    Tallgrass Energy Announces Consent Solicitation for its Senior Notes due 2023, 2024 and 2028

    Tallgrass Energy, LP announced today that its subsidiaries, Tallgrass Energy Partners, LP and Tallgrass Energy Finance Corp. , are soliciting consents from holders of their outstanding 4.75% Senior Notes due 2023 , their outstanding 5.50% Senior Notes due 2024 , and their outstanding 5.50% Senior Notes due 2028 as of 5:00 p.m.

  • PR Newswire2 months ago

    Cushing® Asset Management and Swank Capital Announce Rebalancing of The Cushing® Utility Index

    DALLAS , Feb. 21, 2019 /PRNewswire/ -- Cushing ® Asset Management, LP, and Swank Capital, LLC, announce today the upcoming rebalancing of The Cushing ® Utility Index (the "Index") as part of ...

  • PR Newswire2 months ago

    Cushing® Asset Management and Swank Capital Announce Rebalancing of The Cushing® Energy Supply Chain Index

    DALLAS , Feb. 21, 2019 /PRNewswire/ -- Cushing ® Asset Management, LP, and Swank Capital, LLC, announce today the upcoming rebalancing of The Cushing ® Energy Supply Chain Index (the "Index") ...

  • PR Newswire2 months ago

    Cushing® Asset Management and Swank Capital Announce Rebalancing of The Cushing® Energy Index

    DALLAS , Feb. 21, 2019 /PRNewswire/ -- Cushing ® Asset Management, LP, and Swank Capital, LLC, announce today the upcoming rebalancing of The Cushing ® Energy Index (the "Index") as part of normal ...

  • PR Newswire2 months ago

    Cushing® Asset Management and Swank Capital Announce Rebalancing of The Cushing® Transportation Index

    DALLAS , Feb. 21, 2019 /PRNewswire/ -- Cushing ® Asset Management, LP, and Swank Capital, LLC, announce today the upcoming rebalancing of The Cushing ® Transportation Index (the "Index") as part ...

  • Business Wire2 months ago

    Tallgrass Energy Files Annual Report on Form 10-K

    Tallgrass Energy, LP announced today that it has filed its Annual Report on Form 10-K for the year ended Dec. 31, 2018 with the Securities and Exchange Commission .

  • PR Newswire3 months ago

    Alerian Reports December 31, 2018 Index Linked Product Positions

    DALLAS , Feb. 1, 2019 /PRNewswire/ -- Alerian reported index linked product positions of $12.2 billion as of December 31, 2018 . Linked products include exchange-traded funds, exchange-traded notes, return ...

  • Business Wire3 months ago

    Tallgrass Energy Announces Fourth Quarter & Full Year 2018 Results and 2019 Guidance

    LEAWOOD, Kan.-- -- Fourth Quarter 2018 Net Income, Adjusted EBITDA and Cash Available for Dividends of $124.9 million, $241.1 million, and $198.7 million Fourth Quarter 2018 Cash Available for Dividends of $0.7100 per share, Declared Dividend of $0.5200 per share, resulting in dividend coverage of 1.36x 2018 Pro Forma Net Income, Pro Forma Adjusted EBITDA, Pro Forma Cash Available for Dividends and ...

  • Business Wire3 months ago

    Blackstone Infrastructure Partners Enters into Definitive Agreement to Acquire Controlling Interest in Tallgrass Energy

    Tallgrass Energy, LP (TGE) and Blackstone (BX) today announced that affiliates of Blackstone Infrastructure Partners (“BIP”) have entered into a definitive agreement with affiliates of Kelso & Co., The Energy & Minerals Group, and Tallgrass KC, LLC, an entity owned by certain members of TGE’s management, to acquire 100% of the membership interests in TGE’s general partner, as well as an approximately 44% economic interest in Tallgrass, for total cash consideration of approximately $3.3 billion. Affiliates of GIC, Singapore’s sovereign wealth fund, will be a minority investor in the transaction. “Blackstone’s scale, long-term capital, and investment expertise across the energy industry make it an ideal partner for our business as we continue to create value and invest capital in accretive growth opportunities,” said Tallgrass President and CEO David G. Dehaemers Jr. “We appreciate the successful partnership we have had with Kelso and EMG since 2012 and thank them for their significant support.

  • Business Wire3 months ago

    Tallgrass Energy and Kinder Morgan Announce Exclusive Agreement for Rockies Crude Oil Transportation Service to Downstream Markets

    Tallgrass Energy, LP (TGE) and Kinder Morgan, Inc. (KMI) today announced an agreement to jointly develop a solution to increase existing crude oil takeaway capacity in the growing Powder River and Denver-Julesburg basins and to add incremental capacity to the Williston Basin and portions of Western Canada. TGE would contribute its Pony Express Pipeline System, and KMI would contribute portions of its Wyoming Intrastate Company and Cheyenne Plains Gas Pipeline and begin the process of abandonment and conversion to crude oil service. In addition, approximately 200 miles of new pipeline would be constructed to provide crude oil deliveries into Cushing, Okla.

  • Business Wire3 months ago

    Tallgrass Energy Increases Quarterly Dividend and Announces Date for Fourth Quarter 2018 Financial Results

    Tallgrass Energy, LP today announced its quarterly dividend for the fourth quarter of 2018. The dividend will be paid on Thursday, February 14, 2019, to shareholders of record as of the close of business on Thursday, January 31, 2019.

  • PR Newswire4 months ago

    Cushing® Asset Management and Swank Capital Announce a Constituent Change to The Cushing® 30 MLP Index

    DALLAS , Dec. 26, 2018 /PRNewswire/ -- Cushing ® Asset Management, LP, and Swank Capital, LLC, announce an upcoming interim change to the constituents of The Cushing ®  30 MLP Index (the "Index"). ...

  • ACCESSWIRE4 months ago

    Today's Research Reports on Trending Tickers: Tallgrass Energy and Transocean

    NEW YORK, NY / ACCESSWIRE / December 20, 2018 / U.S. equities closed down on Wednesday as the anticipated interest rate increase was confirmed by the Federal Reserve, following Chairman Jerome Powell’s ...

  • Business Wire5 months ago

    NGL Energy Partners LP Announces Completion of Bakken Saltwater Disposal Business Sale

    NGL Energy Partners LP (NGL) (“NGL”) today announced that it has closed the previously announced transaction to sell NGL Water Solutions Bakken, LLC, to an affiliate of Tallgrass Energy, LP (TGE) for $91 million in cash proceeds. NGL plans to immediately repay indebtedness using the net proceeds from the sale. Certain matters contained in this Press Release include "forward-looking statements." All statements, other than statements of historical fact, included in this Press Release may constitute forward-looking statements.

  • Business Wire5 months ago

    Tallgrass Energy Announces Binding Agreement on Seahorse Pipeline, Joint Tariff Open Season and Plaquemines Liquids Terminal Milestone

    Tallgrass Energy, LP (TGE) (“Tallgrass”) today announced it has signed a binding agreement with an unaffiliated third-party that has the potential to be an anchor shipper and equity partner in Tallgrass’ proposed Seahorse Pipeline, a crude oil pipeline that would run from Cushing, Okla., to both the St. James, La., refining complex and Tallgrass’ planned Plaquemines Liquids Terminal (“PLT”) in Louisiana. “The Seahorse agreement provides strong proof of concept for our pipeline project,” said Tallgrass Chief Operating Officer Bill Moler. In addition, Tallgrass announced that its affiliate, Tallgrass Pony Express Pipeline, LLC, will launch a new joint tariff open season on Nov. 30 soliciting shipper commitments for crude oil transportation under a joint tariff between the Pony Express and Seahorse pipelines from Guernsey and DJ-Basin origin points to the St. James refinery complex and PLT.

  • Business Wire5 months ago

    Tallgrass Energy Announces Pony Express Pipeline Expansion

    Tallgrass Energy, LP (TGE), through its affiliate Tallgrass Pony Express Pipeline, LLC (“Pony Express”), today announced a binding open season soliciting shipper commitments for crude oil transportation service from the Guernsey, Wyo., origin point to refinery delivery points along the Pony Express system and to Cushing, Okla. The open season commences at 12 p.m. Central Standard Time on Nov. 16, 2018, and is expected to conclude on Jan. 18, 2019. Based on commitments received in this binding open season, Pony Express plans to expand capacity on the pipeline up to an additional 300,000 barrels per day beyond expected year-end capacity of approximately 400,000 barrels per day. Interested parties may review details of the open season after executing a confidentiality agreement that may be obtained by contacting Kyle Quackenbush, 303.763.3319, Andrew DiPaolo, 303.763.3329, or Dean Dick, 307.232.4430.

  • Business Wire5 months ago

    NGL Energy Partners LP Announces Agreement to Sell Its Bakken Saltwater Disposal Business to Tallgrass Energy

    NGL Energy Partners LP (NGL) (“NGL”, “we”, “our”, or the “Partnership”) today announced that it has entered into a definitive agreement to sell NGL Water Solutions Bakken, LLC to an affiliate of Tallgrass Energy, LP (TGE) for $91.0 million in cash proceeds. Proceeds from this transaction will be used to further reduce Partnership indebtedness. The Partnership has made the strategic decision to exit the Bakken saltwater disposal business where it does not have a dominant position and focus on other shale plays primarily in the Permian Basin.

  • Business Wire6 months ago

    Tallgrass Energy Reports Strong Third Quarter 2018 Results

    LEAWOOD, Kan.-- -- Net Income, Adjusted EBITDA and Cash Available for Dividends of $59.6 million, $220.4 million and $183.0 million respectively Cash Available for Dividends of $0.6500 per share, Declared Dividend of $0.5100 per share, resulting in dividend coverage of 1.28x Tallgrass financial leverage of approximately 3.6x; REX financial leverage of approximately 2.9x and proportionally consolidated ...

  • Business Wire6 months ago

    Tallgrass Energy and Silver Creek Midstream Agree to Expand Joint Venture to Transport Powder River Basin Crude Oil Production to Guernsey, Wyo.

    Tallgrass Energy, LP and Silver Creek Midstream, LLC announced today that they have agreed to expand their Powder River Basin joint venture .