Tortoise Midstream Energy Fund, Inc.

Tortoise Midstream Energy Fund, Inc.

NTG
Tortoise Midstream Energy Fund, Inc.US flagNew York Stock Exchange
53.36
USD
+1.42
(+2.74%)
14.21EPS
3.76P/E
271.75MMarket Cap
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
Revenue per Share
-16.19
3.48
-21.89
-76.11
11.91
12.01
- -
Basic EPS, GAAP
-15.7
3.61
-22.3
-77.07
11.68
11.7
- -
Free Cash Flow per Basic Share
15.64
-33.21
25.63
65.99
3.91
4.9
- -
Dividend per Share
16.27
13.52
16.96
2.92
1.66
3.06
- -
Book Value per Share
-29.09
33.75
11.56
-65.66
-63.39
-77.71
- -
Tangible Book Value per Share
159.74
144.76
105.99
23.42
36
42.19
- -
Basic Weighted Avg Shares
5
6
6
6
6
6
- -
Sales/Revenue/Turnover
-76
22
-138
-485
66
67
9
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
-74
23
-140
-492
65
66
7
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
96.96
103.96
101.88
101.26
98.1
97.42
73.48
Working Capital
- -
- -
- -
- -
- -
- -
- -
LT Debt
334
385
330
55
48
43
40
Total Equity
754
915
668
149
201
237
217
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
- -
-98.18
- -
- -
- -
- -

Capital Structure

FRC

in mil. unless spec.
No data availableFinancial data will appear here once available

Working Capital

FRC

in mil. unless spec.
No data availableFinancial data will appear here once available

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-12.13%
-8.42%
Free Cash Flow
- -
-10.96%
29.88%
Net Income, GAAP
- -
-133.38%
-89.42%
Sales/Revenue/Turnover
- -
-134.71%
-85.98%
Total Cash Common Dividend
- -
-5.56%
-5%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2021
- -
- -
- -
- -
66
2022
- -
- -
- -
- -
67
2023
- -
- -
- -
- -
9

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2021
- -
- -
- -
- -
11.68
2022
- -
- -
- -
- -
11.7
2023
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2021
- -
- -
- -
- -
1.66
2022
- -
- -
- -
- -
3.06
2023
- -
- -
- -
- -
- -

Company Description

APIChatGPT
CEO
Terry Clyde Matlack
Sector
Financial Services
Industry
Asset Management
Address
6363 College Boulevard Overland Park KS United States of America 66211-1938
IPO Date
Jul 29, 2010
Business
Tortoise Midstream Energy Fund, Inc. focuses on investing primarily in master limited partnerships (MLPs) and their affiliates that own and operate networks of pipeline and energy-related logistical infrastructure in North America. Its core investment products include equity and debt securities of midstream energy companies involved in gathering, processing, transportation, storage, and distribution of natural gas, crude oil, refined petroleum products, and other energy commodities. The fund targets sectors such as natural gas pipelines, liquids pipelines, storage facilities, and energy infrastructure supporting power generation and renewables. Founded with headquarters in Overland Park, Kansas, the fund operates under Tortoise Capital Advisors, a specialist in energy infrastructure investments. A major recent development for the fund is its strategic merger into Tortoise Energy Infrastructure Corp. (TYG), completed in December 2024. Under this merger, Tortoise Midstream Energy Fund's shares were converted into TYG shares, consolidating assets to form a larger, more efficient fund with combined assets exceeding $1 billion. This merger maintains the original investment strategy emphasizing high total return and current distributions while expanding exposure across the energy value chain, including natural gas, power generation, renewables, and grid assets. This consolidation reflects a strategic shift toward enhanced scale and operational efficiency within Tortoise Capital's closed-end fund offerings. The merged fund now serves as Tortoise Capital’s flagship closed-end investment vehicle for energy infrastructure exposure, designed to provide investors with diversified access to midstream and related energy infrastructure assets across the United States and Canada. Tortoise Capital, the adviser managing the fund, remains focused on delivering steady income and portfolio diversification through deep sector expertise and access to energy infrastructure companies. Tortoise Midstream Energy Fund operates within the energy infrastructure investment space, targeting institutional and individual investors seeking income and growth from energy-related midstream assets. The fund’s investment portfolio and strategic initiatives position it to capitalize on evolving energy demand trends, including electrification and renewable energy integration across North America. This strategic merger and the fund’s ongoing product offerings underscore its commitment to long-term, risk-adjusted returns in the energy infrastructure sector.

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