Kansas City-area based Tallgrass Energy LP has announced an increased second quarter dividend as it also plans to release its quarterly earnings report.
The pipeline company with operations carrying crude oil from Wyoming to Cushing, Oklahoma said the second quarter cash dividend of $0.4975 per Class A share is an increase of 2.1 percent over the first quarter of the year and a big increase of 45.3 percent from the second quarter of 2017. It also figures to be $1.99 on an annualized basis.
Tallgrass plans to report second quarter 2018 earnings on Thursday, Aug. 2 and hold a conference call at 3:30 p.m. Central Time on that same day.
The release will come approximately one month after Tallgrass Energy acquired all of the outstanding public common units of Tallgrass Energy Partners, LP and changed its name to Tallgrass Energy LP.