General News | Deals - Acquisition, Mergers, Divestitures
Tallgrass Increases 2016 Guidance on Latest Acquisition
Print
|
Tallgrass Energy Partners, LP and Tallgrass Energy GP, LP announced updated guidance for fiscal year 2016 as a result of TEP’s recent acquisition of a 25 percent membership interest in Rockies Express Pipeline LLC.
TEP Financial Outlook and Guidance through 2018TEP expects distributable cash flow of $345 - $375 million and distribution coverage of 1.15 - 1.20x, for the year ended December 31, 2016. TEP also expects to grow its annualized distribution for 2016 by approximately 27 – 30 percent. Additionally, TEP expects a minimum average compounded annualized distribution growth rate of at least 20 percent for 2017 and 2018.
TEP’s management intends to recommend that its board of directors increase its quarterly distributions for the second and third quarters of 2016 by a total of…
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
More Guidance / Forecast News
Coterra Energy Q4, Full Year 2022 Results; 2023 Plans
Coterra Energy Inc. reported fourth-quarter and full-year 2022 financial and operating results. Thomas E. Jorden, Chairman, Chief Executive Officer and President, commented, "Coterra delivered a strong 2022. Outstanding…
PDC Energy Q4, Full Year 2022 Results; Bets Bulk of 2023 Capex on DJ Basin
PDC Energy, Inc. announced its full year and fourth quarter 2022 financial and operating results and provided 2023 guidance. 2022 Fourth Quarter Highlights: Total production of 22.7 million…
Civitas Resources Q4, Full Year 2022 Results; 2023 Capital Plans
Civitas Resources, Inc. announced its fourth quarter and full-year 2022 financial and operating results, as well as its 2023 outlook. 2023 Capital Plans 2023 guidance is shown below.…
EOG Resources Q4, Full Year 2022 Results; IDs $6.0B Budget for 2023
EOG Resources, Inc. reported fourth quarter and full-year 2022 results. Fourth Quarter Highlights: Earned adjusted net income of $1.9 billion, or $3.30 per share Generated $1.7 billion of…
Permian Resources Q4, Full Year 2022 Results; Plans $1.35B 2023 Budget
Permian Resources Corp. announced its fourth quarter and full year 2022 financial and operational results and 2023 operational plans. Recent Financial and Operational Highlights: Delivered fourth quarter oil…
North America News
Western Canada Upstream M&A: Q1 2026 Transaction Report
Western Canadian M&A activity in Q1 2026 was characterized by a 87% decrease in total deal value compared to Q1 2025, totaling $0.8 billion C$. However, transaction volume…
A Quiet Capital Pattern Is Forming in North American Upstream — and Almost No One Is Talking About It
A handful of recent transactions and capital raises point to a subtle pattern in North American upstream—one that is easy to miss because each event, on its own,…
EIA’s “Glut” Calls: The 2025 Surplus Claim — and How 2021–2024 Forecasts Actually Held Up
The “~2.2 MMb/d glut in 2025” framing traces to the EIA’s Short-Term Energy Outlook (STEO), December 2025. EIA doesn’t usually write “glut” in the tables—what they publish is…
Whitecap Details 2026 Duvernay & Montney Program
Whitecap Resources reported strong third quarter 2025 operating and financial results, marking its first full quarter following the strategic combination with Veren that closed on May 12, 2025.…
ARC Resources: Lower 2026 Capex, Higher Volumes
ARC Resources used its third quarter update to reinforce a familiar message to Canadian E&P executives: disciplined capital, structurally better market access, and a growing shareholder return program…
United States News
Baytex 2026 Development Plans
Baytex’s 2026 development plan reflects a post–Eagle Ford sale capital program and a sharpened focus on its core Canadian assets. The Company approved 2026 exploration and development expenditures…
Tourmaline: 2026 Capital Program Locked In at $2.9B
Tourmaline’s 2026 exploration and production (EP) program is set at $2.9 billion and targets average production of 690,000–710,000 boepd, with the company maintaining the multi-year EP Plan released…
Advantage Plans $300–$330MM 2026 Capital Program
Advantage’s 2026 development plan centers on Glacier-focused drilling and key midstream work. The company plans total capital spending of $300 million to $330 million and expects production to…
Paramount Targets 42% Higher 2026 Capex, More Duvernay Wells
Paramount Resources is stepping up investment in 2026 as it advances the Willesden Green Duvernay (Central Alberta Region) buildout and launches major infrastructure at Sinclair (Montney). The company…
Birchcliff Targets Higher 2026 Output on Larger Capital Budget
Birchcliff’s updated 2025 plan targets higher production within a tightened capital range, supported by faster cycle times and lower costs. The company increased 2025 annual average production guidance…