Tallgrass is focused on expanding its presence around attractive Rockies assets.
We are reaffirming our $54 per share fair value estimate, narrow moat, and positive moat trend for Tallgrass Energy Partners after it reported second-quarter earnings that were in line with our full-year expectations.The Partnership generated $151 million of adjusted EBITDA versus our estimate of $159 million. We are maintaining our full-year adjusted EBITDA expectations of $519 million. The quarterly distribution increased to $0.925 per common unit, up nearly 11% from the first quarter. We for...
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