0001569134-16-000071.txt : 20160706 0001569134-16-000071.hdr.sgml : 20160706 20160706065219 ACCESSION NUMBER: 0001569134-16-000071 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20160706 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20160706 DATE AS OF CHANGE: 20160706 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Tallgrass Energy Partners, LP CENTRAL INDEX KEY: 0001569134 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS TRANSMISSION [4922] IRS NUMBER: 461972941 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-35917 FILM NUMBER: 161752463 BUSINESS ADDRESS: STREET 1: 4200 W. 115TH STREET, SUITE 350 CITY: LEAWOOD STATE: KS ZIP: 66211 BUSINESS PHONE: (913) 928-6060 MAIL ADDRESS: STREET 1: 4200 W. 115TH STREET, SUITE 350 CITY: LEAWOOD STATE: KS ZIP: 66211 8-K 1 tep8-k762016.htm 8-K Document


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934

Date of Report (date of earliest event reported): July 6, 2016

Tallgrass Energy Partners, LP
(Exact name of registrant as specified in its charter)
Delaware
 
001-35917
 
46-1972941
(State or Other Jurisdiction of
Incorporation or Organization)
 
(Commission File
Number)
 
(I.R.S. Employer Identification No.)

4200 W. 115th Street, Suite 350
Leawood, Kansas
 
66211
(Address of Principal Executive Offices)
 
(Zip Code)

Registrant’s telephone number, including area code: (913) 928-6060

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))






Item 7.01.
Regulation FD Disclosure.
The Board of Directors of Tallgrass MLP GP, LLC (the “Board”), the general partner of Tallgrass Energy Partners, LP (the “Partnership”), declared a cash distribution for the quarter ended June 30, 2016 of $0.755 per common unit, or $3.02 on an annualized basis. The distribution will be paid on August 12, 2016, to unitholders of record on July 29, 2016. A copy of the press release dated July 6, 2016 announcing the cash distribution is furnished with this Current Report on Form 8-K.
In accordance with General Instruction B.2 to Form 8-K, the information provided under this Item 7.01 and the information attached to this Form 8-K as Exhibit 99.1 shall be deemed to be “furnished” and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act except as expressly set forth by specific reference in such filing.
Item 9.01.
Financial Statements and Exhibits.
(d)     Exhibits
EXHIBIT NUMBER
 
DESCRIPTION
 
 
 
99.1
 
Press release issued by Tallgrass Energy Partners, LP, dated July 6, 2016. (Furnished solely for purposes of Item 7.01 of this Form 8-K).





SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 
 
TALLGRASS ENERGY PARTNERS, LP
 
 
 
 
 
 
By:
Tallgrass MLP GP, LLC
 
 
 
its general partner
 
 
 
 
 
 
 
 
 
 
 
Date:
July 6, 2016
By:
/s/ David G. Dehaemers, Jr.
 
 
 
 
David G. Dehaemers, Jr.
 
 
 
President and Chief Executive Officer






EXHIBIT INDEX

EXHIBIT NUMBER
 
DESCRIPTION
 
 
 
99.1
 
Press release issued by Tallgrass Energy Partners, LP, dated July 6, 2016. (Furnished solely for purposes of Item 7.01 of this Form 8-K).



EX-99.1 2 exhibit991tep8-k762016.htm EXHIBIT 99.1 Exhibit


Exhibit 99.1

Tallgrass Energy Announces Increased Quarterly Distributions

LEAWOOD, Kansas--(BUSINESS WIRE)-Tallgrass Energy Partners, LP (NYSE: TEP) and Tallgrass Energy GP, LP (NYSE: TEGP) (“Tallgrass”) today announced their quarterly distributions for the second quarter of 2016. The distributions will be paid on Friday, August 12, 2016, to unitholders and shareholders of record as of the close of business on Friday, July 29, 2016.

TEP
The board of directors of TEP’s general partner declared a quarterly cash distribution of $0.755 per common unit for the second quarter of 2016, or $3.02 on an annualized basis. This represents a sequential increase of 7.1 percent from the first quarter 2016 distribution of $0.705 per common unit and an increase of 30.2 percent from the second quarter 2015 distribution of $0.58 per common unit. It is TEP’s twelfth consecutive increase since its IPO in May 2013.

The increase is consistent with TEP’s plan to recommend to the Board of Directors of its general partner increases in its second and third quarter 2016 distributions that will aggregate to approximately $0.09 over the first quarter 2016 distribution of $0.705. TEP acquired a 25 percent membership interest in Rockies Express Pipeline in May 2016.

TEGP
The board of directors of TEGP's general partner declared a quarterly cash distribution of $0.245 per Class A share for the second quarter of 2016, or $0.98 annualized basis. This represents a sequential increase of 16.7 percent from the first quarter 2016 distribution of $0.21 per Class A share and an increase of 84.2 percent from the pro forma full-quarter (non-prorated) second quarter 2015 distribution per Class A share. It is TEGP’s fourth consecutive increase since its IPO in May 2015.

About Tallgrass Energy Partners, LP
Tallgrass Energy Partners, LP (NYSE: TEP) is a publicly traded, growth-oriented limited partnership formed to own, operate, acquire and develop midstream energy assets in North America. TEP currently provides crude oil transportation to customers in Wyoming, Colorado, and the surrounding regions through Pony Express, which owns the Pony Express System, a crude oil pipeline commencing in Guernsey, Wyoming and terminating in Cushing, Oklahoma that includes a lateral in northeast Colorado that commences in Weld County, Colorado, and interconnects with the pipeline just east of Sterling, Colorado. It provides natural gas transportation and storage services for customers in the Rocky Mountain, Midwest and Appalachian regions of the United States through the Rockies Express Pipeline, a FERC-regulated natural gas pipeline system extending from Opal, Wyoming and Meeker, Colorado to Clarington, Ohio, the Tallgrass Interstate Gas Transmission system, a FERC-regulated natural gas transportation and storage system located in Colorado, Kansas, Missouri, Nebraska and Wyoming, and the Trailblazer Pipeline system, a FERC-regulated natural gas pipeline system extending from the Colorado and Wyoming border to Beatrice, Nebraska. TEP provides services for customers in Wyoming at the Casper and Douglas natural gas processing facilities and the West Frenchie Draw natural gas treating facility, and NGL transportation services in Northeast Colorado. TEP also performs water business services in Colorado and Texas through BNN Water Solutions, LLC. TEP’s operations are strategically located in and provide services to certain key United States hydrocarbon basins, including the Denver-Julesburg, Powder River, Wind River, Permian and Hugoton-Anadarko Basins and the Niobrara, Mississippi Lime, Eagle Ford and Bakken shale formations.






About Tallgrass Energy GP, LP
Tallgrass Energy GP, LP (NYSE: TEGP) is a limited partnership that has elected to be treated as a corporation for U.S. federal income tax purposes. TEGP owns a controlling membership interest in Tallgrass Equity, LLC through its role as the sole managing member. Tallgrass Equity, LLC owns, both directly and through its ownership of the general partner of TEP, all of TEP's incentive distribution rights, 100 percent of the general partner interest in TEP and 20,000,000 TEP Common Units.

To learn more, please visit our website at www.tallgrassenergy.com.

Contact Information
Investor and Financial Inquiries
Nate Lien
(913) 928-6012
investor.relations@tallgrassenergylp.com

Media and Trade Inquiries
Phyllis Hammond
(913) 928-6014
media.relations@tallgrassenergylp.com