Tallgrass Energy (TEGP) reported earnings on Wed 15 Feb 2017 (a/h)
- Tallgrass Energy Partners, LP (TEP) and Tallgrass Energy GP, LP (TEGP), collectively referred to as Tallgrass Energy, reported strong financial and operating results for Q4 of 2016 and provided 2017 guidance.
LEAWOOD, Kan. (AP) _ Tallgrass Energy GP LP (TEGP) on Wednesday reported fourth-quarter earnings of $8.7 million.
The Leawood, Kansas-based company said it had profit of 17 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 14 cents per share.
The limited partnership posted revenue of $160.7 million in the period.
For the year, the company reported profit of $26.8 million, or 55 cents per share. Revenue was reported as $605.1 million.
Tallgrass Energy GP shares have dropped slightly since the beginning of the year. The stock has more than doubled in the last 12 months.
No comments:
Post a Comment