Tallgrass Energy GP, LP Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended Dec. 31, 2017; Provides Earnings Guidance for the Year Ending Dec. 31, 2018
For the full year, the company's revenues were USD 655,898,000 against USD 611,662,000 a year ago. Operating income was USD 274,087,000 against USD 260,614,000 a year ago. Net income attributable to the company was USD 433,990,000 against USD 270,524,000 a year ago. Diluted net income per share was USD 3.90 against USD 2.23 a year ago. Net cash provided by operating activities was USD 579,061,000 against USD 419,583,000 a year ago. Capital expenditures were USD 145,144,000 against USD 84,491,000 a year ago. Adjusted EBITDA was USD 678,007,000 against USD 432,547,000 a year ago.
Tallgrass Energy expects its Adjusted EBITDA to be USD 755 to USD 835 million and maintenance capital expenditures of USD 20 to USD 30 million for the year ending Dec. 31, 2018.