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Tallgrass Energy

DB:T4L
Snowflake Description

Proven track record and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
T4L
DB
$5B
Imp Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Tallgrass Energy, LP, through its subsidiaries, provides crude oil transportation services to customers in Wyoming, Colorado, Kansas, and the surrounding regions of the United States. The last earnings update was 48 days ago. More info.


Add to Portfolio Compare Print
  • Tallgrass Energy has significant price volatility in the past 3 months.
T4L Share Price and Events
7 Day Returns
15.5%
DB:T4L
18.1%
DE Oil and Gas
7.3%
DE Market
1 Year Returns
-31%
DB:T4L
21.9%
DE Oil and Gas
-17.7%
DE Market
T4L Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Tallgrass Energy (T4L) 15.5% -21% -20.5% -31% - -
DE Oil and Gas 18.1% -15.9% -28.7% 21.9% -25.6% 137.4%
DE Market 7.3% -17.9% -25.8% -17.7% -25.6% -29%
1 Year Return vs Industry and Market
  • T4L underperformed the Oil and Gas industry which returned 21.9% over the past year.
  • T4L underperformed the Market in Germany which returned -17.7% over the past year.
Price Volatility
T4L
Industry
5yr Volatility vs Market

Value

 Is Tallgrass Energy undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Tallgrass Energy to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Tallgrass Energy.

DB:T4L Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:T4L
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.808 (1 + (1- 21%) (70.28%))
1.172
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.17
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.172 * 5.44%)
5.99%

Discounted Cash Flow Calculation for DB:T4L using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Tallgrass Energy is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:T4L DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 5.99%)
2020 293.75 Analyst x4 277.16
2021 426.83 Analyst x3 379.98
2022 338.40 Analyst x1 284.24
2023 414.00 Analyst x1 328.11
2024 436.90 Analyst x1 326.70
2025 444.40 Est @ 1.72% 313.54
2026 449.23 Est @ 1.09% 299.05
2027 452.12 Est @ 0.64% 283.97
2028 453.62 Est @ 0.33% 268.83
2029 454.15 Est @ 0.12% 253.94
Present value of next 10 years cash flows $3,015.00
DB:T4L DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $454.15 × (1 + -0.39%) ÷ (5.99% – -0.39%)
$7,095.44
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $7,095.44 ÷ (1 + 5.99%)10
$3,967.45
DB:T4L Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $3,015.00 + $3,967.45
$6,982.45
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $6,982.45 / 281.77
$24.78
DB:T4L Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:T4L represents 0.89592x of NYSE:TGE
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.89592x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 24.78 x 0.89592
€22.20
Value per share (EUR) From above. €22.20
Current discount Discount to share price of €15.58
= -1 x (€15.58 - €22.20) / €22.20
29.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Tallgrass Energy is available for.
Intrinsic value
30%
Share price is €15.58 vs Future cash flow value of €22.2
Current Discount Checks
For Tallgrass Energy to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Tallgrass Energy's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Tallgrass Energy's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Tallgrass Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Tallgrass Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:T4L PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $1.42
NYSE:TGE Share Price ** NYSE (2020-03-30) in USD $17.39
Europe Oil and Gas Industry PE Ratio Median Figure of 105 Publicly-Listed Oil and Gas Companies 5.67x
Germany Market PE Ratio Median Figure of 400 Publicly-Listed Companies 16.36x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Tallgrass Energy.

DB:T4L PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:TGE Share Price ÷ EPS (both in USD)

= 17.39 ÷ 1.42

12.22x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tallgrass Energy is overvalued based on earnings compared to the Europe Oil and Gas industry average.
  • Tallgrass Energy is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Tallgrass Energy's expected growth come at a high price?
Raw Data
DB:T4L PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.22x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
-22%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 65 Publicly-Listed Oil and Gas Companies 0.17x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

DB:T4L PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.22x ÷ -22%

-0.56x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tallgrass Energy earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Tallgrass Energy's assets?
Raw Data
DB:T4L PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $10.03
NYSE:TGE Share Price * NYSE (2020-03-30) in USD $17.39
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 0.94x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.43x
DB:T4L PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:TGE Share Price ÷ Book Value per Share (both in USD)

= 17.39 ÷ 10.03

1.73x

* Primary Listing of Tallgrass Energy.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tallgrass Energy is overvalued based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Tallgrass Energy's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Tallgrass Energy has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Tallgrass Energy expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-22%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Tallgrass Energy expected to grow at an attractive rate?
  • Tallgrass Energy's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Tallgrass Energy's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Tallgrass Energy's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:T4L Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:T4L Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts -22%
DB:T4L Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 0.4%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:T4L Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:T4L Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 849 1
2021-12-31 883 644 177 6
2020-12-31 853 731 157 3
2020-03-31
DB:T4L Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 869 679 249
2019-09-30 856 724 255
2019-06-30 829 672 242
2019-03-31 812 665 171
2018-12-31 793 673 137
2018-09-30 748 587 -88
2018-06-30 723 665 -132
2018-03-31 691 621 -124
2017-12-31 656 571 -129
2017-09-30 643 558 45
2017-06-30 621 449 37
2017-03-31 609 424 31

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Tallgrass Energy's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Tallgrass Energy's revenue is expected to grow by 0.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:T4L Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Tallgrass Energy Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:T4L Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31
2021-12-31 0.98 1.15 0.81 2.00
2020-12-31 0.97 1.27 0.64 4.00
2020-03-31
DB:T4L Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 1.42
2019-09-30 1.50
2019-06-30 1.48
2019-03-31 1.28
2018-12-31 1.27
2018-09-30 -1.06
2018-06-30 -2.25
2018-03-31 -2.14
2017-12-31 -2.22
2017-09-30 0.80
2017-06-30 0.68
2017-03-31 0.61

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Tallgrass Energy is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Tallgrass Energy's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Tallgrass Energy has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Tallgrass Energy performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Tallgrass Energy's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Tallgrass Energy has delivered over 20% year on year earnings growth in the past 5 years.
  • Tallgrass Energy's 1-year earnings growth exceeds its 5-year average (81.4% vs 37.1%)
  • Tallgrass Energy's earnings growth has exceeded the Europe Oil and Gas industry average in the past year (81.4% vs -4.1%).
Earnings and Revenue History
Tallgrass Energy's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Tallgrass Energy Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:T4L Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 868.55 248.81 91.87
2019-09-30 855.84 254.51 89.56
2019-06-30 829.45 241.54 71.63
2019-03-31 811.52 170.98 72.00
2018-12-31 793.26 137.13 70.66
2018-09-30 747.77 -88.03 73.02
2018-06-30 723.32 -131.71 73.50
2018-03-31 690.59 -124.02 69.75
2017-12-31 655.90 -128.73 65.54
2017-09-30 643.34 45.36 60.48
2017-06-30 620.74 36.54 57.97
2017-03-31 608.89 31.23 57.50
2016-12-31 611.66 26.79 57.30
2016-09-30 599.84 35.76 55.63
2016-06-30 584.74 33.14 53.97
2016-03-31 568.69 32.15 52.80
2015-12-31 542.66 24.56 52.64
2015-09-30 495.32 11.10 50.65
2015-06-30 447.10 8.31 45.78
2015-03-31 391.45 8.28 39.20
2014-12-31 371.56 10.91 33.16
2013-12-31 290.53 1.50 27.65

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst Tallgrass Energy has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • Tallgrass Energy used its assets more efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • Tallgrass Energy's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Tallgrass Energy's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Tallgrass Energy has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Tallgrass Energy's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Tallgrass Energy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Tallgrass Energy's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Tallgrass Energy's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Tallgrass Energy's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Tallgrass Energy Company Filings, last reported 3 months ago.

DB:T4L Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 2,192.88 3,441.02 9.39
2019-09-30 2,261.05 3,451.27 15.97
2019-06-30 2,282.00 3,437.49 9.43
2019-03-31 2,299.76 3,331.72 15.04
2018-12-31 2,217.11 3,205.96 9.60
2018-09-30 2,219.05 3,033.67 5.52
2018-06-30 2,233.65 2,535.56 5.03
2018-03-31 2,256.08 2,426.01 4.26
2017-12-31 1,721.18 2,292.99 2.59
2017-09-30 1,917.76 2,261.09 3.28
2017-06-30 1,809.37 2,234.57 0.87
2017-03-31 1,816.74 2,108.23 2.05
2016-12-31 1,929.41 1,555.98 2.46
2016-09-30 1,784.59 1,546.00 1.36
2016-06-30 1,952.89 1,426.00 2.62
2016-03-31 1,595.86 1,348.00 3.80
2015-12-31 2,021.50 901.00 2.23
2015-09-30 2,020.43 844.00 19.01
2015-06-30 1,997.36 853.00 2.28
2015-03-31 1,644.95 698.00 0.88
2014-12-31 1,795.15 559.00 0.87
2013-12-31
  • Tallgrass Energy's level of debt (156.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (31.3% vs 156.9% today).
  • Debt is not well covered by operating cash flow (19.7%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.3x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Tallgrass Energy's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Tallgrass Energy has a total score of 0/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Tallgrass Energy's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Tallgrass Energy dividends. Estimated to be 2.82% next year.
If you bought €2,000 of Tallgrass Energy shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Tallgrass Energy's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Tallgrass Energy's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:T4L Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 9.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 1%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:T4L Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-12-31 0.00 1.00
2023-12-31 0.00 1.00
2022-12-31 0.00 2.00
2021-12-31 0.98 9.00
2020-12-31 0.00 5.00
2020-03-31
DB:T4L Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-02-12 0.000 0.000
2019-10-10 2.200 11.011
2019-07-11 2.160 11.403
2019-04-11 2.120 9.159
2019-01-15 2.080 8.714
2018-10-15 2.040 9.096
2018-07-09 1.990 8.375
2018-03-27 1.950 9.249
2018-01-08 1.470 6.709
2017-10-10 1.420 5.739
2017-07-05 1.370 5.265
2017-05-03 1.150 4.535
2017-01-24 1.110 3.990
2016-10-05 1.050 4.207
2016-07-06 0.980 4.096
2016-04-12 0.840 3.849
2016-01-04 0.692 4.554
2015-10-05 0.576 2.961
2015-07-15 0.532 1.992

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Tallgrass Energy has not reported any payouts.
  • Unable to verify if Tallgrass Energy's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Tallgrass Energy's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Tallgrass Energy has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (288.2x coverage).
X
Income/ dividend checks
We assess Tallgrass Energy's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Tallgrass Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Tallgrass Energy has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Tallgrass Energy's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Bill Moler
COMPENSATION $6,552,339
AGE 53
TENURE AS CEO 0.3 years
CEO Bio

Mr. William R. Moler, also known as Bill, serves as Chief Executive Officer at Tallgrass Energy GP, LLC, a General Partner of Tallgrass Energy, LP since November 24, 2019. He served as President of Tallgrass Energy GP, LLC, a general partner of Tallgrass Energy, LP (formerly, Tallgrass Energy GP, LP) since March 15, 2019 until November 24, 2019. He served as Chief Operating Officer of Tallgrass Energy GP, LLC, a general partner of Tallgrass Energy, LP since February 2015 and served as its Executive Vice President since February 2015 until March 15, 2019. He has been Chief Operating Officer and Executive Vice President of Tallgrass MLP GP LLC since February 2013. Mr. Moler served as an Executive Vice President and Chief Operating Officer of Tallgrass Equity since February 2013. He served as the Chief Operating Officer and Senior Vice President at NRGM GP LLC until October 5, 2012. He served as the President of Inergy Midstream and Chief Operating Officer of Inergy Midstream, L.P. (formerly Inergy Midstream, LLC) at Inergy GP, LLC from May 24, 2011 to October 2012. He served as an Executive Vice President and Chief Operating Officer of Tallgrass Development, LP and its general partner- Tallgrass Energy Holdings, LLc since October 2012. Mr. Moler served as a Senior Vice President of Inergy Midstream, L.P. until May 24, 2011. He served as Senior Vice President, Natural Gas Midstream Operations of Inergy Midstream, L.P. He served as Senior Vice President of Natural Gas Midstream Operations for Inergy GP LLC, the General Partner of Inergy LP since September 2007. He managed the Stagecoach Natural Gas Storage Facility, joined Inergy in 2004 as Director of Midstream Operations. He was named Vice President of Midstream Operations in 2005, when Inergy acquired Stagecoach. Prior to Inergy, Mr. Moler was with Westport Resources Corporation from 2002 to 2004, where he served as both General Manager of Marketing and Transportation Services and General Manager of Westport Field Service, LLC. From 2004 to October 2012, he served in various capacities with Inergy, L.P. and its affiliates. Mr. Moler served in various leadership positions at Kinder Morgan Inc., from 1988 to 2002. He was Director of Tallgrass Mlp Gp, Llc since February 2013 until June 30, 2018. He served as a Director of Tallgrass Equity since February 2013. He served on the Board of the National Parkinson's Foundation Heartland Region and served as its President from 2015 to 2017. He was a director of the general partner of Tallgrass Energy Partners, LP from February 2013 to June 2018. Mr. Moler earned a Bachelor of Science degree in Mechanical Engineering from Texas Tech University in 1988.

CEO Compensation
  • Bill's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
  • Bill's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Tallgrass Energy management team in years:

0.3
Average Tenure
46
Average Age
  • The average tenure for the Tallgrass Energy management team is less than 2 years, this suggests a new team.
Management Team

Bill Moler

TITLE
CEO & Director of Tallgrass Energy GP
COMPENSATION
$7M
AGE
53
TENURE
0.3 yrs

Matt Sheehy

TITLE
President of Tallgrass Energy GP
COMPENSATION
$224K
TENURE
0.3 yrs

Gary Watkins

TITLE
Executive VP
COMPENSATION
$3M
AGE
47

Chris Jones

TITLE
Executive VP
COMPENSATION
$8M
AGE
42
TENURE
3.7 yrs

Gary Brauchle

TITLE
Executive Officer of Tallgrass Energy GP
COMPENSATION
$4M
AGE
45

Nathan Lien

TITLE
Investor Relations Contact

Damon Daniels

TITLE
Chief Commercial Officer of Tallgrass Energy GP
Board of Directors Tenure

Average tenure and age of the Tallgrass Energy board of directors in years:

1.2
Average Tenure
57.5
Average Age
  • The average tenure for the Tallgrass Energy board of directors is less than 3 years, this suggests a new board.
Board of Directors

Bill Moler

TITLE
CEO & Director of Tallgrass Energy GP
COMPENSATION
$7M
AGE
53
TENURE
5 yrs

Roy Cook

TITLE
Independent Director of Tallgrass Energy GP
COMPENSATION
$129K
AGE
61
TENURE
1.4 yrs

Tom Gerke

TITLE
Independent Director of Tallgrass Energy GP
COMPENSATION
$199K
AGE
63
TENURE
4.6 yrs

Terry Towner

TITLE
Independent Director of Tallgrass Energy GP
COMPENSATION
$129K
AGE
60
TENURE
1.4 yrs

Marcelino Arburua

TITLE
Director of Tallgrass Energy GP
AGE
49
TENURE
1 yrs

Guy Buckley

TITLE
Independent Director of Tallgrass Energy GP
COMPENSATION
$119K
AGE
58
TENURE
1 yrs

Matt Runkle

TITLE
Director of Tallgrass Energy GP
AGE
40
TENURE
1 yrs

Wallace Henderson

TITLE
Director of Tallgrass Energy GP
AGE
57
TENURE
1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Tallgrass Energy's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Tallgrass Energy has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Tallgrass Energy, LP, through its subsidiaries, provides crude oil transportation services to customers in Wyoming, Colorado, Kansas, and the surrounding regions of the United States. The company operates through three segments: Natural Gas Transportation; Crude Oil Transportation; and Gathering, Processing & Terminalling. It also provides natural gas transportation and storage services for customers in the Rocky Mountain, Midwest, and Appalachian regions; natural gas and crude oil gathering and processing services for customers in Wyoming; and natural gas liquids (NGLs) transportation services in Northeast Colorado and Wyoming. In addition, the company offers water business services, including freshwater transportation, and produced water gathering and disposal in Colorado, Texas, Wyoming, and North Dakota; crude oil storage and terminalling services in Colorado, Oklahoma, and Kansas; and marketing services for NGLs and crude oil. The company was formerly known as Tallgrass Energy GP, LP and changed its name to Tallgrass Energy, LP in June 2018. Tallgrass Energy, LP was founded in 2012 and is based in Leawood, Kansas.

Details
Name: Tallgrass Energy, LP
T4L
Exchange: DB
Founded: 2012
$4,454,103,803
$2,831,422,354
281,769,484
Website: http://www.tallgrassenergylp.com
Address: Tallgrass Energy, LP
4200 West 115th Street,
Suite 350,
Leawood,
Kansas, 66211,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE TGE Class A Shares New York Stock Exchange US USD 07. May 2015
DB T4L Class A Shares Deutsche Boerse AG DE EUR 07. May 2015
Number of employees
Current staff
Staff numbers
800
Tallgrass Energy employees.
Industry
Oil and Gas Storage and Transportation
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 01:05
End of day share price update: 2020/03/30 00:00
Last estimates confirmation: 2020/03/27
Last earnings filing: 2020/02/12
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.