Tallgrass Energy, Lp Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2018; Provides Earnings Guidance for the Full Year of 2018
For the six months, the company reported total revenues of $372,683,000 against $305,263,000 a year ago. Operating income was $161,188,000 against $130,170,000 a year ago. Net income before tax was $247,515,000 against $158,745,000 a year ago. Net income attributable to the company was $17,798,000 against $20,782,000 a year ago. Diluted net income per class A share was $0.30 compared to $0.36 a year ago. Net income was $224,014,000 against $146,405,000 a year ago. Net Cash Provided by Operating Activities was $331,260,000 compared to $237,970,000 a year ago. Capital expenditures was $176,275,000 compared to $53,995,000 a year ago.
The company provided earnings guidance for the full year of 2018. The company now expects to deliver 2018 adjusted EBITDA at the high end of $755 million to $835 million guidance that issued earlier this year. That midpoint was $795 million.