Tallgrass Energy Partners (TEP) Tops Q1 EPS by 12c

Tallgrass Energy Partners (NYSE: TEP) reported Q1 EPS of $0.46, $0.12 better than the analyst estimate of $0.34. Revenue for the quarter came in at $114.68 million versus the consensus estimate of $125.9 million.

President and CEO David G. Dehaemers, Jr. said, "We are pleased to have closed on the acquisition of an additional interest in Pony Express and to have delivered another strong quarter which resulted in our seventh consecutive distribution increase. The quarterly distribution of $0.52 represents a 60 percent increase over the distribution paid for the first quarter of 2014. TEP has experienced tremendous growth over the past year and we expect to continue to deliver solid growth to our unitholders through our substantial portfolio of dropdown assets and other growth opportunities

For earnings history and earnings-related data on Tallgrass Energy Partners (TEP) click here.

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• JD.com (JD) Reiterated at Buy by Benchmark Amid Earnings Recovery
• Outlook Therapeutics (OTLK) Misses Q3 EPS by 9c