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Last $51.66 USD
Change Today +2.46 / 5.00%
Volume 409.8K
As of 8:04 PM 08/27/15 All times are local (Market data is delayed by at least 15 minutes).

tesoro logistics lp (TLLP) Snapshot

Open
$50.26
Previous Close
$49.20
Day High
$51.79
Day Low
$49.42
52 Week High
09/19/14 - $72.00
52 Week Low
08/6/15 - $46.52
Market Cap
4.6B
Average Volume 10 Days
435.5K
EPS TTM
$1.26
Shares Outstanding
88.1M
EX-Date
07/30/15
P/E TM
40.9x
Dividend
$2.89
Dividend Yield
5.28%
Current Stock Chart for TESORO LOGISTICS LP (TLLP)

tesoro logistics lp (TLLP) Related Businessweek News

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tesoro logistics lp (TLLP) Details

Tesoro Logistics LP owns, operates, develops, and acquires logistics assets related to crude oil and refined products in the United States. It operates in three segments: Gathering, Processing, and Terminalling and Transportation. The Gathering segment consists of a crude oil gathering system located in the Bakken Shale/Williston Basin area of North Dakota and Montana, which gathers and transports crude oil from various production locations; and natural gas gathering systems located in the Uinta basin, which provides natural gas and crude oil gathering and transportation services. The Processing segment engages in the natural gas processing operations through its four gas processing complexes. The Terminalling and Transportation segment owns and operates the northwest products pipeline and a jet fuel pipeline; 24 crude oil and refined products terminals and storage facilities in the western and midwestern United States; 4 marine terminals in California; a rail-car unloading facility in Washington; a petroleum coke handling and storage facility in Los Angeles; and other pipelines, which transport products and crude oil from refineries to nearby facilities in Salt Lake City and Los Angeles, as well as a regulated common carrier refined products pipeline system. Tesoro Logistics GP, LLC operates as a general partner of the company. The company was founded in 2010 and is headquartered in San Antonio, Texas.

Founded in 2010

tesoro logistics lp (TLLP) Top Compensated Officers

Chairman of Tesoro Logistics gp llc and Chief...
Total Annual Compensation: --
President of Tesoro Logistics gp llc and Dire...
Total Annual Compensation: $349.1K
Chief Financial Officer of Tesoro Logistics G...
Total Annual Compensation: --
General Counsel of Tesoro Logistics GP LLC, V...
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

tesoro logistics lp (TLLP) Key Developments

Tesoro Logistics LP Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Year 2015

Tesoro Logistics LP reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company has posted total revenue of $275 million against $133 million a year ago. Operating income was $109 million against $48 million a year ago. Net income attributable to partners was $66 million or $0.60 diluted per share against $34 million or $0.45 diluted per share a year ago. EBITDA was $154 million against $67 million a year ago. Adjusted EBITDA was $155 million against $70 million a year ago. Total capital expenditures were $77 million against $48 million a year ago. For the six months, the company has posted total revenue of $538 million against $260 million a year ago. Operating income was $217 million against $108 million a year ago. Net income attributable to partners was $130 million or $1.23 diluted per share against $77 million or $1.14 diluted per share a year ago. EBITDA was $309 million against $144 million a year ago. Adjusted EBITDA was $323 million against $145 million a year ago. Total capital expenditures were $143 million against $74 million a year ago. For the year 2015, the company is maintaining full year 2015 target to invest growth capital of approximately $380 million net of reimbursements. The company continues to estimate full year maintenance capital of $40 million net of reimbursements. Overall, the company now anticipates full year 2015 EBITDA $640 million to $680 million, excluding any dropdown opportunities. This expectation reflects the performance of Rockies natural gas business, the growth in crude oil and refined products operations and inventory of high returns organic growth projects.

Tesoro Logistics Mulls Acquisitions

Tesoro Logistics LP (NYSE:TLLP) has filed a shelf registration in the amount of $750 million. The company will use the net proceeds from the sale of the securities covered by this prospectus for general partnership purposes, which may include debt repayment, future acquisitions, capital expenditures and additions to working capital. Phil Anderson, President, said, "We will continue to focus very hard on organic growth. It will be third-party strategic acquisitions, as well as dropdowns."

Tesoro Logistics LP Declares Second Quarter Cash Distribution Payable on August 14, 2015

Tesoro Logistics LP announced the declaration of its quarterly cash distribution for the second quarter 2015 of $0.7225 per limited partnership unit, or $2.89 on an annualized basis. This distribution represents a 4% increase over the quarterly distribution of $0.6950 per unit ($2.78 per unit on an annualized basis) paid in May 2015. The second quarter distribution will be paid August 14, 2015, to all unitholders of record as of August 3, 2015.

 

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Industry Analysis

TLLP

Industry Average

Valuation TLLP Industry Range
Price/Earnings 38.6x
Price/Sales 4.5x
Price/Book 2.6x
Price/Cash Flow 19.6x
TEV/Sales 1.6x
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