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Tallgrass Energy Partners LP (Tallgrass Energy Partners LP) Scaled Net Operating Assets : 0.97 (As of Mar. 2018)


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What is Tallgrass Energy Partners LP Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Tallgrass Energy Partners LP's operating assets for the quarter that ended in Mar. 2018 was $4,186.8 Mil. Tallgrass Energy Partners LP's operating liabilities for the quarter that ended in Mar. 2018 was $310.1 Mil. Tallgrass Energy Partners LP's Total Assets for the quarter that ended in Dec. 2017 was $3,977.4 Mil. Therefore, Tallgrass Energy Partners LP's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2018 was 0.97.


Tallgrass Energy Partners LP Scaled Net Operating Assets Historical Data

The historical data trend for Tallgrass Energy Partners LP's Scaled Net Operating Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Tallgrass Energy Partners LP Scaled Net Operating Assets Chart

Tallgrass Energy Partners LP Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Scaled Net Operating Assets
Get a 7-Day Free Trial 1.39 1.44 1.00 1.16 1.19

Tallgrass Energy Partners LP Quarterly Data
Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.10 0.99 0.99 0.95 0.98

Competitive Comparison of Tallgrass Energy Partners LP's Scaled Net Operating Assets

For the Oil & Gas Midstream subindustry, Tallgrass Energy Partners LP's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Tallgrass Energy Partners LP's Scaled Net Operating Assets Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Tallgrass Energy Partners LP's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Tallgrass Energy Partners LP's Scaled Net Operating Assets falls into.



Tallgrass Energy Partners LP Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Tallgrass Energy Partners LP's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2017 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2017 )
=(Operating Assets (A: Dec. 2017 )-Operating Liabilities (A: Dec. 2017 ))/Total Assets (A: Dec. 2016 )
=(3975.544-277.912)/3102.213
=1.19

where

Operating Assets(A: Dec. 2017 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3977.353 - 1.809
=3975.544

Operating Liabilities(A: Dec. 2017 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2424.905 - 2146.993 - 0
=277.912

Tallgrass Energy Partners LP's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2018 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2018 )
=(Operating Assets (Q: Mar. 2018 )-Operating Liabilities (Q: Mar. 2018 ))/Total Assets (Q: Dec. 2017 )
=(4186.814-310.053)/3977.353
=0.97

where

Operating Assets(Q: Mar. 2018 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=4190.879 - 4.065
=4186.814

Operating Liabilities(Q: Mar. 2018 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2612.067 - 2302.014 - 0
=310.053

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Tallgrass Energy Partners LP Scaled Net Operating Assets Related Terms

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Tallgrass Energy Partners LP (Tallgrass Energy Partners LP) Business Description

Traded in Other Exchanges
N/A
Address
Tallgrass Energy Partners is a young master limited partnership that focuses opportunistically on growth through acquisition and development of natural gas and crude oil transportation, as well as gathering and processing assets. Tallgrass operates and has participating interests in some of the more strategically important midstream assets in the Bakken and Rockies (for example, the REX and Pony Express lines).
Executives
Frank J Loverro director 320 PARK AVENUE, 24TH FLOOR, NEW YORK NY 10022
William R. Moler director, officer: See Remarks 4200 WEST 115TH STREET, SUITE 350, LEAWOOD KS 66211
Dehaemers David G Jr director, officer: See Remarks 4200 WEST 115TH STREET, SUITE 350, LEAWOOD KS 66211
Osborne Stanley De J director C/O KELSO AND COMPANY, 320 PARK AVENUE, 24TH FLOOR, NEW YORK NY 10022
John T Raymond director THE ENERGY & MINERALS GROUP, 811 MAIN STREET, SUITE 4200, HOUSTON TX 77002