Exhibit 99.1

Tallgrass Energy Partners, LP Reports Third Quarter 2013 Results

OVERLAND PARK, Kan.--(BUSINESS WIRE)--November 7, 2013--Tallgrass Energy Partners, LP (NYSE:TEP) (“Tallgrass” or the “Partnership”) today reported financial and operating results for the third quarter of 2013. The Partnership closed its initial public offering on May 17, 2013 and this earnings release relates to the financial and operating results of the Partnership, its Predecessor and Pre-Predecessor as described under “About Tallgrass Energy Partners, LP” below.

Tallgrass President and CEO David G. Dehaemers, Jr. said, “As we had expected and previously communicated, our third quarter coverage was lower than either of our first or second quarter performance due to planned plant downtime at Tallgrass Midstream and increased maintenance capital expenditures. In particular, Tallgrass Midstream completed planned maintenance turnarounds at both the Casper and Douglas plants and substantially completed its expansion projects at these plants during the third quarter. The plants returned to service with expanded capacity in early October, and we are pleased to announce that the expanded capacity is fully contracted. After considering a number of factors, including the expected growth at Tallgrass Midstream in the fourth quarter and beyond, we increased our third quarter distribution to unitholders by 3.5% over the minimum quarterly distribution paid on a prorated basis for the second quarter. We are pleased to have our first full distribution be an increased distribution.”

Segment Overview

The third quarter 2013 results by segment are summarized below:

Adjusted EBITDA in the Gas Transportation and Storage segment for the third quarter of 2013 was $13.7 million. Average firm contracted transportation capacity declined when compared to the third quarter of 2012, but remained constant when compared to the second quarter of 2013. “Our team continues to focus on our customers by renewing existing volumes and connecting new volumes to the system,” Dehaemers noted. “For example, since last quarter when we discussed a west-end expansion project that will connect an additional 80,000 Dth/day in late 2013 or early 2014, we have contracted an additional 30,000 Dth/day on that project.”

The Processing segment generated Adjusted EBITDA of $3.6 million for the third quarter of 2013, which is comparable to the third quarter of 2012. The effects of increased planned downtime at both plants during the third quarter of 2013 were partially offset by increased NGL prices and higher average inlet volumes while the plants were operating. NGL prices averaged $0.97/gallon for the third quarter of 2013 as compared to $0.83/gallon for the second quarter of 2013. Approximate average inlet volumes were 120 MMcf/day for the three-month period ended September 30, 2013, as compared to 124 MMcf/day for the three-month period ended September 30, 2012 and 137 MMcf/day for the three-month period ended June 30, 2013. “The expansion projects and efficiency upgrades at Tallgrass Midstream were successful and we look forward to increased processing volumes,” Dehaemers noted. “We are optimistic about our Processing segment and its growth opportunities in the region.”

Conference Call

Please join Tallgrass for a conference call and webcast related to its third quarter 2013 results at 4:00 pm Central Daylight Time on Thursday, November 7, 2013. A link posted in the Investor Relations section of our website will allow interested parties to listen and the replay will be available on our website for a limited time following the end of the live call.

About Tallgrass Energy Partners, LP

Tallgrass Energy Partners, LP (NYSE:TEP) is a publicly traded, growth-oriented master limited partnership formed to own, operate, acquire and develop midstream energy assets in North America. We currently provide natural gas transportation and storage services for customers in the Rocky Mountain and Midwest regions of the United States through our Tallgrass Interstate Gas Transmission system and provide processing services for customers in Wyoming through our Casper and Douglas natural gas processing and West Frenchie Draw natural gas treating facilities. We believe we are well positioned to capture growing natural gas volumes produced in the Denver-Julesburg Basin and the Niobrara and Mississippi Lime shale formations.

Tallgrass closed its initial public offering on May 17, 2013 and the earnings release relates to the financial information of the Partnership, “TEP Predecessor” and “TEP Pre-Predecessor.” TEP Predecessor refers to the ownership of Tallgrass Interstate Gas Transmission LLC (TIGT) and Tallgrass Midstream LLC (TMID) by Tallgrass Development from November 13, 2012 to the closing of the initial public offering (IPO) on May 17, 2013. TEP Pre-Predecessor refers to the ownership of TIGT and TMID by Kinder Morgan Energy Partners, LP (KMP) prior to November 13, 2012. TEP, or the Partnership, as used herein refers to the consolidated financial results and operations for TEP Predecessor from its inception through its contribution to TEP and thereafter.

In connection with the closing of the initial public offering, Tallgrass entered into a revised partnership agreement which requires it to pay distributions, subject to certain limitations more fully described in the “Our Cash Distribution Policy and Restrictions on Distributions” section in Tallgrass’ prospectus, within 45 days after the end of each quarter, beginning with the second quarter of 2013. As previously announced, the board of directors of Tallgrass’ general partner declared a quarterly cash distribution to partners of $0.2975 per common unit for the third quarter of 2013, or $1.19 on an annualized basis. The quarterly distribution will be paid on Wednesday, November 13, 2013 to unitholders of record as of the close of business on Friday, November 1, 2013.

To learn more, please visit our website at www.tallgrassenergy.com.

Non-GAAP Measures

Adjusted EBITDA and distributable cash flow are non-GAAP supplemental financial measures that management and external users of our combined financial statements, such as industry analysts, investors, lenders and rating agencies, may use to assess:

• our operating performance as compared to other publicly traded partnerships in the midstream energy industry, without regard to historical cost basis or, in the case of Adjusted EBITDA, financing methods;
• the ability of our assets to generate sufficient cash flow to make distributions to our unitholders;
• our ability to incur and service debt and fund capital expenditures; and
• the viability of acquisitions and other capital expenditure projects and the returns on investment of various expansion and growth opportunities.

We believe that the presentation of Adjusted EBITDA and distributable cash flow provides useful information to investors in assessing our financial condition and results of operations. Adjusted EBITDA and distributable cash flow should not be considered alternatives to net income, operating income, cash from operations or any other measure of financial performance or liquidity presented in accordance with GAAP. Adjusted EBITDA and distributable cash flow have important limitations as analytical tools because they exclude some but not all items that affect net income and net cash provided by operating activities. Additionally, because Adjusted EBITDA and distributable cash flow may be defined differently by other companies in our industry, our definition of Adjusted EBITDA and distributable cash flow may not be comparable to similarly titled measures of other companies, thereby diminishing their utility.

Adjusted EBITDA, a non-GAAP measure, is defined as net income before interest, income taxes, depreciation and amortization, non-cash income or loss related to derivative instruments, non-cash long-term compensation expense, impairment losses, gains or losses on asset disposals and gains or losses on the repurchase, redemption or early retirement of debt. We define distributable cash flow as Adjusted EBITDA less cash interest cost and maintenance capital expenditures. Neither Adjusted EBITDA nor distributable cash flow will be impacted by changes in working capital balances that are reflected in operating cash flow. Distributable cash flow and Adjusted EBITDA are not presentations made in accordance with GAAP.

Cautionary Note Concerning Forward-Looking Statements

Disclosures in this press release contain “forward-looking statements.” All statements, other than statements of historical facts, included in this press release that address activities, events or developments that management expects, believes or anticipates will or may occur in the future are forward-looking statements. Without limiting the generality of the foregoing, forward-looking statements contained in this press release specifically include the expectations of plans, strategies, objectives and growth and anticipated financial and operational performance of Tallgrass Energy Partners and its subsidiaries, including; the ability to pursue expansions and other opportunities for incremental volumes; natural gas production growth in Tallgrass Energy Partners' operating areas; expected future benefits of expansion projects; distribution rate and growth, including variability of quarterly distribution coverage; ability to renew contracts; and expected reductions in commodity price exposure. These statements are based on certain assumptions made by Tallgrass Energy Partners based on management’s experience and perception of historical trends, current conditions, anticipated future developments and other factors believed to be appropriate. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Tallgrass Energy Partners, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. These include risks relating to Tallgrass Energy Partners’ financial performance and results, availability of sufficient cash flow to pay distributions and execute its business plan, the demand for natural gas storage and transportation services, operating hazards, the effects of government regulation, tax position and other risks incidental to transporting, storing and processing natural gas and other important factors that could cause actual results to differ materially from those projected, including those set forth under Item 1A, "Risk Factors" of Tallgrass Energy Partners' Quarterly Report on Form 10-Q for the quarter ended March 31, 2013, as updated by any subsequent reports filed with the Securities and Exchange Commission. Any forward-looking statement applies only as of the date on which such statement is made and Tallgrass Energy Partners does not intend to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise.

Financial Statements

CONTACT:
Tallgrass Energy Partners, LP
Investor Relations
Nate Lien, (913) 928-6012
investor.relations@tallgrassenergylp.com