Exhibit 99.1
Tallgrass Energy Reports Strong Third Quarter 2018 Results
Net Income, Adjusted EBITDA and Cash Available for Dividends of $59.6 million, $220.4 million and $183.0 million respectively
Cash Available for Dividends of $0.6500 per share, Declared Dividend of $0.5100 per share, resulting in dividend coverage of 1.28x
Tallgrass (BBB-/stable; BB+/positive; Ba2/stable) financial leverage of approximately 3.6x; REX (BBB-/stable; BBB-/stable; Ba1/stable) financial leverage of approximately 2.9x and proportionally consolidated (REX) financial leverage results in approximately 4.8x at TGE as of Sept. 30, 2018
REX continues to experience high capacity utilization with average daily long-haul throughput volumes in excess of 4.1 Bcf/d for the third quarter of 2018 with peak throughput of approximately 4.9 Bcf/d during the quarter
Pony Express continues to experience high capacity utilization with average daily long-haul throughput volumes of approximately 340,000 bbls/d during the third quarter of 2018; September 2018 and October 2018 (estimated) average daily throughput prorated at approximately 358,000 and 364,000 bbls/d respectively and nominations for November 2018 were in excess of 420,000 bbls/d
LEAWOOD, Kan.--(BUSINESS WIRE)--Oct. 31, 2018--Tallgrass Energy, LP (NYSE: TGE) ("TGE") today reported financial and operating results for the third quarter of 2018.
"Again this quarter our teams demonstrated a continued commitment to operating our assets safely and efficiently, delivering outstanding operating and financial results," said President and CEO David Dehaemers Jr. "We remain focused on improving our cost of capital and delivering projects that serve our customers and grow our business. Our recent announcements on the Powder River Gateway, the Seahorse Pipeline and the Plaquemines Liquids Terminal are examples of projects that will continue to develop the country’s midstream infrastructure, and from which our customers and shareholders will benefit."
Third Quarter Dividend
As previously announced, the board of directors of TGE's general partner declared a quarterly cash dividend of $0.5100 per Class A share for the third quarter of 2018. This quarterly dividend represents $2.04 per Class A share on an annualized basis, a sequential increase of 2.5 percent from the second quarter 2018 dividend and an increase of 43.7 percent from the third quarter 2017 dividend. The quarterly dividend will be paid on Nov. 14, 2018, to Class A shareholders of record as of the close of business on Oct. 31, 2018.

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The following information was filed by Tallgrass Energy, Lp (TGE) on Wednesday, October 31, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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