Tallgrass Energy Partners, LP TEP NYSE

Tallgrass Energy Partners, LP (TEP) generated $579.06M in operating cash flow for fiscal year 2017. After capital expenditures of $145.14M, free cash flow was $433.92M.

Free cash flow margin was 66.2% of revenue. Cash conversion ratio was 1.31x, indicating earnings are backed by cash.

The company returned $392.86M in dividends and $35.34M in share buybacks to shareholders during the period.

Criteria supported by this page:

• HEALTH (50/100, Partial) — cash generation is adequate but may not fully cover debt in stressed conditions
• MOAT (58/100, Partial) — cash flow generation is present but not at levels indicating a wide moat
• INCOME (100/100) — Cash conversion ratio was 1.31x confirms earnings are backed by real cash flow

Overall SharesGrow Score: 82/100 with 4/7 criteria passed.