See more : Spectra Systems Corporation (SCTQ) Income Statement Analysis – Financial Results
Complete financial analysis of Tortoise Pipeline & Energy Fund, Inc. (TTP) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Tortoise Pipeline & Energy Fund, Inc., a leading company in the Asset Management industry within the Financial Services sector.
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Tortoise Pipeline & Energy Fund, Inc. (TTP)
Industry: Asset Management
Sector: Financial Services
Website: https://closedendfunds.tortoiseadvisors.com/ttp/overview/
About Tortoise Pipeline & Energy Fund, Inc.
Tortoise Pipeline & Energy Fund, Inc. is a closed ended equity mutual fund launched and managed by Tortoise Capital Advisors, LLC. It invests in public equity markets of North America. The fund invests in pipeline companies that engage in the business of transporting natural gas, natural gas liquids, crude oil, and refined petroleum products. It employs a fundamental analysis with a bottom up stock picking approach with focus on factors like comparison of quantitative, qualitative, and relative value factors to create its portfolio. Tortoise Pipeline & Energy Fund, Inc. was formed on July 19, 2011 and is domiciled in the United States.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.56M | 20.91M | 21.16M | -74.79M | -17.73M | -7.21M | -27.97M | 6.02M | 9.32M | 8.30M | 7.52M | 7.20M |
| Cost of Revenue | 2.47M | 18.63M | 1.10M | 1.39M | 2.67M | -11.80M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 86.66K | 2.27M | 20.06M | -76.17M | -20.40M | 4.58M | -27.97M | 6.02M | 9.32M | 8.30M | 7.52M | 7.20M |
| Gross Profit Ratio | 3.39% | 10.88% | 94.82% | 101.86% | 115.05% | -63.52% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 4.93 | 5.27 | 0.82 | 1.73 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 1.17M | 425.13K | 437.26K | 493.81K | 536.55K | 592.81K | 561.01K | 3.27M | 4.46M | 4.86M | 3.90M | 3.36M |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 1.17M | 425.13K | 437.26K | 493.81K | 536.55K | 592.81K | 561.01K | 3.27M | 4.46M | 4.86M | 3.90M | 3.36M |
| Other Expenses | 0.00 | 403.77K | 505.91K | 1.10M | 1.18M | 1.12M | 1.17M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 1.17M | 828.91K | 943.17K | 1.60M | 1.71M | 1.77M | 1.73M | 49.67M | 140.79M | 57.80M | 62.30M | 19.85M |
| Cost & Expenses | 1.17M | 18.66M | 943.17K | 1.60M | 1.71M | -10.95M | 1.73M | 49.67M | 140.79M | 57.80M | 62.30M | 19.85M |
| Interest Income | 18.87K | 5.21K | 336.00 | 4.25K | 2.53M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 754.00K | 445.57K | 614.55K | 1.03M | 1.77M | 1.90M | 1.58M | 2.26M | 2.53M | 2.60M | 2.56M | 2.52M |
| Depreciation & Amortization | 2.63M | -1.03M | -520.47K | -1.19M | -1.31M | -1.13M | -1.87M | -2.75M | -4.86M | -3.44M | -3.62M | -3.84M |
| EBITDA | 4.01M | 19.91M | 20.60M | -75.66M | -20.76M | -8.99M | -59.68M | 0.00 | 0.00 | 0.00 | 0.00 | 20.69M |
| EBITDA Ratio | 156.86% | 87.02% | 95.54% | 102.13% | 109.66% | 176.62% | 100.31% | 842.48% | -1,490.12% | 723.94% | 846.37% | 287.41% |
| Operating Income | 1.38M | 1.03M | 20.22M | -76.38M | -19.44M | 1.13M | -28.11M | 2.75M | 4.86M | 3.44M | 3.62M | 3.84M |
| Operating Income Ratio | 54.11% | 4.92% | 95.54% | 102.13% | 109.66% | -15.70% | 100.51% | 45.65% | 52.16% | 41.43% | 48.18% | 53.30% |
| Total Other Income/Expenses | 2.96M | 19.05M | 0.00 | 0.00 | 0.00 | -10.12M | -1.58M | 50.68M | -138.86M | 60.07M | 63.63M | 20.69M |
| Income Before Tax | 4.34M | 20.08M | 20.22M | -76.38M | -19.44M | -8.99M | -29.70M | 53.42M | -134.00M | 63.50M | 67.26M | 24.53M |
| Income Before Tax Ratio | 169.77% | 96.04% | 95.54% | 102.13% | 109.66% | 124.60% | 106.18% | 888.14% | -1,437.96% | 765.37% | 894.56% | 340.71% |
| Income Tax Expense | 0.00 | 18.19M | -380.61K | -719.71K | -1.24M | -12.74M | 57.01K | 48.42M | -141.39M | 57.47M | 61.07M | 18.17M |
| Net Income | 4.34M | 20.08M | 20.22M | -76.38M | -19.44M | -8.99M | -29.70M | 53.42M | -134.00M | 63.50M | 67.26M | 24.53M |
| Net Income Ratio | 169.77% | 96.04% | 95.54% | 102.13% | 109.66% | 124.60% | 106.18% | 888.14% | -1,437.96% | 765.37% | 894.56% | 340.71% |
| EPS | 2.16 | 9.13 | 9.05 | -31.71 | -7.76 | -3.60 | -11.88 | 21.33 | -53.51 | 25.36 | 26.86 | 9.81 |
| EPS Diluted | 2.16 | 9.13 | 9.05 | -31.71 | -7.76 | -3.60 | -11.88 | 21.33 | -53.51 | 25.36 | 26.86 | 9.81 |
| Weighted Avg Shares Out | 2.01M | 2.20M | 2.23M | 2.41M | 2.50M | 2.50M | 2.50M | 2.50M | 2.50M | 2.50M | 2.50M | 2.50M |
| Weighted Avg Shares Out (Dil) | 2.01M | 2.20M | 2.23M | 2.41M | 2.50M | 2.50M | 2.50M | 2.50M | 2.50M | 2.50M | 2.50M | 2.50M |
Tortoise Pipeline & Energy Fund, Inc. and Tortoise Power and Energy Infrastructure Fund, Inc. Provide Section 19(a) Notice
OVERLAND PARK, KS / ACCESSWIRE / November 29, 2024 / This required notice under Section 19(a) of the Investment Company Act of 1940 provides stockholders of Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP) and Tortoise Power and Energy Infrastructure Fund,...
Tortoise Capital Announces Excise Distributions for NTG, TTP and NDP
Distribution Amounts and Dates Declared for: Tortoise Midstream Energy Fund, Inc. (NYSE:NTG) Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP) Tortoise Energy Independence Fund, Inc. (NYSE:NDP) OVERLAND PARK, KS / ACCESSWIRE / November 25, 2024 / Tortoise Capital announced excise tax...
Tortoise Capital Announces Closed-End Fund Distributions
Distribution Amounts and Dates Declared for: Tortoise Energy Infrastructure Corp. (NYSE:TYG) Tortoise Midstream Energy Fund, Inc. (NYSE:NTG) Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP) Tortoise Energy Independence Fund, Inc. (NYSE:NDP) Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) Tortoise Sustainable...
SIT Investment Associates Inc's Strategic Acquisition in Tortoise Pipeline & Energy Fund Inc
On September 30, 2024, SIT Investment Associates Inc made a significant addition to its investment portfolio by acquiring 116,893 shares of Tortoise Pipeline & Energy Fund Inc (TTP, Financial). This transaction not only reflects the firm's strategic investment approach but...
Tortoise Capital Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of September 30, 2024, for TYG, NTG, TTP, NDP, TPZ and TEAF
OVERLAND PARK, KS / ACCESSWIRE / October 1, 2024 / Tortoise Capital today announced the following unaudited balance sheet information and asset coverage ratio updates for closed-end funds TYG, NTG, TTP, NDP, TPZ and TEAF. Tortoise Energy Infrastructure Corp. (NYSE:TYG)...
Tortoise Capital Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of August 30, 2024, for TYG, NTG, TTP, NDP and TPZ
OVERLAND PARK, KS / ACCESSWIRE / September 3, 2024 / Tortoise Capital today announced the following unaudited balance sheet information and asset coverage ratio updates for closed-end funds TYG, NTG, TTP, NDP and TPZ. Tortoise Energy Infrastructure Corp. (NYSE:TYG) today...
Tortoise Pipeline & Energy Fund, Inc. and Tortoise Power and Energy Infrastructure Fund, Inc. Provide Section 19(a) Notice
OVERLAND PARK, KS / ACCESSWIRE / August 30, 2024 / This required notice under Section 19(a) of the Investment Company Act of 1940 provides stockholders of Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP) and Tortoise Power and Energy Infrastructure Fund,...
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Tortoise Capital Advisors Plans Merger of Three Closed-End Funds into Active ETF
Actively Managed ETF Aims to Offer Investors Greater Liquidity at Net Asset Value OVERLAND PARK, KS / ACCESSWIRE / August 6, 2024 / Tortoise Capital Advisors, L.L.C. (Tortoise Capital), a fund manager focused on traditional energy and power infrastructure investing,...
Tortoise Capital Releases Combined 2024 Closed-End Fund Semi-Annual Report
Tortoise Energy Infrastructure Corp. (NYSE:TYG) Tortoise Midstream Energy Fund, Inc. (NYSE:NTG) Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP) Tortoise Energy Independence Fund, Inc. (NYSE:NDP) Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) OVERLAND PARK, KS / ACCESSWIRE / July 29,...
Source: https://incomestatements.info
Category: Stock Reports