TGE - Tallgrass Energy, LP

NYSE - Nasdaq Real Time Price. Currency in USD
20.00
-0.06 (-0.30%)
As of 11:20AM EDT. Market open.
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Previous Close20.06
Open20.11
Bid20.00 x 1200
Ask20.02 x 900
Day's Range19.89 - 20.17
52 Week Range14.28 - 25.96
Volume763,444
Avg. Volume2,160,282
Market Cap5.627B
Beta (3Y Monthly)-0.09
PE Ratio (TTM)13.61
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield2.10 (10.61%)
Ex-Dividend Date2019-07-30
1y Target EstN/A
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News
Press Releases
  • PR Newswire

    Alerian Index Series September 2019 Index Review

    DALLAS , Sept. 13, 2019 /PRNewswire/ -- Alerian announced the results of the September quarterly review for the Alerian Index Series. All changes will be implemented as of the close of business on Friday, ...

  • Business Wire

    Tallgrass Energy Announces Receipt of "Take Private" Proposal

    Tallgrass Energy, LP (TGE) today announced that the board of directors of its general partner (the "Board") has received a non-binding preliminary proposal letter, dated August 27, 2019, from Blackstone Infrastructure Partners, its partners and respective affiliates (collectively, the "Sponsors") to acquire all of the outstanding Class A shares representing limited partner interests in TGE (the "Class A Shares") not already owned by the Sponsors for $19.50 per Class A Share in cash. A copy of the proposal letter is attached as Annex A to this press release. The $19.50 per Class A Share price of the proposal represents an approximate 35.9% premium over TGE's closing price on August 27, 2019, and a premium of approximately 12% to its volume weighted average price during the last 30 calendar days.

  • PR Newswire

    Alerian Reports June 30, 2019 Index Linked Product Positions

    DALLAS , Aug. 9, 2019 /PRNewswire/ -- Alerian reported, as of June 28, 2019 , total products directly tied to and tracking the Alerian indices was $13.7 billion . Exchange traded funds, exchange traded ...

  • Business Wire

    Kinder Morgan and Tallgrass Energy Announce Joint Tariff Open Season to Increase Crude Capacity out of the Bakken

    Kinder Morgan, Inc. (KMI), through its subsidiary Hiland Crude, LLC (Hiland Crude), and Tallgrass Energy, LP (TGE), through its subsidiary Tallgrass Pony Express Pipeline, LLC (Pony Express), today announced the start of a binding joint tariff open season to solicit commitments for crude oil transportation service from Bakken origin points on the Hiland Crude system to refinery delivery points along the Pony Express system and to Cushing, OK.

  • Business Wire

    Tallgrass Energy Reports Strong First Quarter 2019 Results

    LEAWOOD, Kan.-- -- Net Income, Adjusted EBITDA and Cash Available for Dividends of $50.6 million, $245.7 million and $200.6 million Cash Available for Dividends of $0.71 per share, Declared Dividend of $0.53 per share, resulting in dividend coverage of 1.35x Tallgrass Energy, LP today reported financial and operating results for the first quarter of 2019. "Our team once again delivered outstanding ...

  • Business Wire

    Tallgrass Energy Honored by Colorado’s Top Workplaces for Fifth Consecutive Year

    Tallgrass Energy, LP (TGE) announced today that it was named one of The Denver Post’s Top Workplaces – the fifth consecutive year the company has been named to Top Workplaces. The list is compiled based on a third-party survey that measures aspects of workplace culture through the eyes of employees. “This recognition is based solely on feedback from our employees,” said Tallgrass Energy CEO David Dehaemers Jr. “It’s gratifying that for the fifth consecutive year our employees rated us high enough to earn us a slot on the Top Workplaces list.

  • Business Wire

    Tallgrass Energy Announces Open Season for Further Pony Express Pipeline Expansion

    Tallgrass Energy, LP (TGE), through its affiliate Tallgrass Pony Express Pipeline, LLC (“Pony Express”), today announced a new project to support crude oil production in northern Weld County, Colorado, near the border between Wyoming and Colorado. The Hereford Project will include approximately 30 miles of new 12-inch pipeline, as well as expanded capacity on the Pony Express system. Sufficient interest arose during Pony Express’ existing open season for expansion capacity from origin points in Colorado and Wyoming to destinations along the system to justify the Hereford Project as a stand-alone project.

  • Business Wire

    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 Wire

    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 Wire

    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 Wire

    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 Wire

    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 Wire

    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 Newswire

    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 Newswire

    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 Newswire

    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 Newswire

    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 Wire

    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 Newswire

    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 Wire

    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 Wire

    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 Wire

    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 Wire

    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.