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Oil Gas Pipelines

TEP is a publicly traded company that owns and operates oil and gas pipelines in the United States. Here are some general information and key metrics regarding the company'

1. Company Overview: TEP rocke Patriot, L.P. is a publicly traded partnership that owns and operates midstream energy infrastructure assets in the United States. The company was founded in 2011 and is headquartered in Houston, Texas.

2. Business Description: TEP owns and operates a portfolio of oil and gas pipelines, storage facilities, and gathering systems that transport and store crude oil, refined petroleum, and natural gas. Their assets are located in the Permian Basin, the Eagle Ford Shale, and other prolific hydrocarbon-producing basins. The company provides midstream services to many of the leading exploration and production companies in the United States.

3. Financials: As of 2023, TEP's quarterly revenues were $262.5 million, a 38% increase from the same period in the previous year. The company's net income was $135.7 million, a 45% increase from the same period in the previous year. Distributable cash flow was $194.3 million, a 34% increase from the same period in the previous year.

4. Stock Performance: As of 2023, TEP's stock price has been relatively stable, with a 1-year return of around 10%. The company's distribution yield is around 8%.

5. Growth Prospects: TEP has a strong track record of growth through acquisitions and organic projects. The company has a solid balance sheet and liquidity position, which allows it to pursue accretive acquisitions and expansion projects. The company has recently announced a large-scale pipeline project in the Permian Basin, which is expected to be completed in late 2024.

6. Valuation: TEP trades at a relatively low valuation compared to its peers, with a Price-to-Earnings ratio of 13.6 as of 2023. The company's Distribution Yield is around 8%, which is higher than the industry average.

7. Operations: TEP's operations are focused in the Permian Basin, Eagle Ford Shale, and other prolific hydrocarbon-producing basins. The company's assets include crude oil and natural gas pipelines, storage facilities, and gathering systems.

8. Competition: TEP operates in a competitive industry, and its main competitors include Magellan Midstream Partners, Enterprise Products Partners, and Plains All American Pipeline.

You should be aware that this information may not be up to date and may not reflect TEP's current situation. For up-to-date information on TEP's financial performance, growth plans, and competitive landscape, I suggest researching recent financial reports and news articles or seeking insight from financial experts.