Tallgrass Energy Partners Reports in line Fourth Quarter; Attractive Outlook Largely Priced in
Tallgrass Energy Partners reported strong fourth-quarter results that were roughly in line with our expectations. The Partnership reported 2016 adjusted EBITDA of $423 million versus our expectation of $428 million. The Partnership’s results were largely driven by the performance stability of its interests in the Pony Express and Rockies Express pipelines. As we have previously noted, both Pony and Rockies represent two of the most strategically important midstream assets for crude oil out of th...
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