Tallgrass Energy Partners Increases Quarterly Distribution To $0.58

Tallgrass Energy Partners, LP

and Tallgrass Energy GP, LP

today announced their quarterly distributions for the second quarter of 2015. TEP The board of directors of TEP's general partner declared a quarterly cash distribution of $0.58 per common unit for the second quarter of 2015, or $2.32 on an annualized basis. This represents a 52.6 percent increase from the second quarter of 2014 and an 11.5 percent sequential increase from the first quarter 2015 distribution of $0.52. It is TEP's eighth consecutive increase since its IPO in May 2013. In addition, this represents a 19.6 percent increase for the year 2015. The quarterly distribution will be paid on Friday, August 14, 2015, to unitholders of record as of the close of business on Friday, July 31, 2015. TEGP The board of directors of TEGP's general partner declared a quarterly cash distribution of $0.073 per Class A share which is prorated for the number of days between the closing of TEGP's initial public offering on May 12, 2015 and the end of the second quarter. The distribution corresponds to a pro forma full-quarter, non-prorated distribution of $0.133 per Class A share or $0.532 on an annualized basis. As a reminder, the prospective financial information presented in TEGP's Registration Statement on Form S-1/A covers the twelve month period ended June 30, 2016 and thus does not include the second quarter of 2015. The quarterly distribution will be paid on Monday, August 17, 2015, to shareholders of record as of the close of business on Friday, July 31, 2015.