Tallgrass Energy Reports Strong Third Quarter 2019 Results
TALLGRASS ENERGY LP (TGE)
Last tallgrass energy lp earnings: 8/2 06:45 am
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Source: Business Wire
Net Income, Adjusted EBITDA and Cash Available for Dividends of $72.5 million, $263.8 million and $210.5 millionCash Available for Dividends of $0.75 per share, Declared Dividend of $0.55 per share, resulting in dividend coverage of 1.36xTallgrass financial leverage of approximately 3.5x and REX financial leverage of approximately 2.7x as of Sept. 30, 2019 LEAWOOD, Kan.--(BUSINESS WIRE)--Tallgrass Energy, LP (NYSE: TGE) ("TGE") today reported financial and operating results for the third quarter of 2019."Our business units continued to deliver strong operational performance for the third quarter of 2019, driving another outstanding quarter at TGE," said CEO David Dehaemers Jr. "In addition, we received the 7c certificates from the FERC on the Cheyenne Connector and Hub Projects in mid-September and made meaningful progress on contracting Pony Express with long-term volumes."Third Quarter DividendAs previously announced, the board of directors of TGE's general partner declared a qua
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