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Tallgrass beats earnings estimates for Q4, FY'18

Feb 01, 2019 - SNL Energy Finance Daily

Tallgrass Energy LP on Jan. 31 reported fourth-quarter 2018 adjusted EBITDA of $241.1 million, up from $173.2 million in the same quarter in 2017, when the partnership was still operating as Tallgrass Energy Partners LP.

The S&P Global Market Intelligence consensus adjusted EBITDA estimate for the quarter was $227.0 million.

Net income attributable to Tallgrass came in at $59.8 million, compared to net income attributable to partners of $89.1 million in the prior-year period.