Tortoise MLP ETF
TMLP
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Sandeep Kulkarni
- Full Time Employees
- 14
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 5901 College Boulevard Overland Park KS United States of America 66211-1861
- IPO Date
- Dec 29, 2025
- Website
- tortoisecapital.com
- Similar Companies
- Business
- Tortoise MLP ETF (ticker: TMLP), part of the Tortoise Capital Series Trust, is an exchange-traded fund that provides investors with targeted exposure to the energy infrastructure sector through a portfolio of master limited partnerships (MLPs) and MLP-related entities primarily engaged in the transportation, storage, processing, and production of natural gas, natural gas liquids, crude oil, refined petroleum products, and other energy commodities. The fund employs a modified market capitalization-weighted approach to select holdings, focusing on MLPs that derive the majority of their cash flows from midstream energy infrastructure activities; it offers current income via MLP distributions and potential capital appreciation from sector growth, while seeking to mitigate concentration risk through diversification across approximately 40-50 securities. Managed by Tortoise Capital Advisors, L.L.C., headquartered in Leawood, Kansas, and founded in 2002 as a specialist in essential assets investing, TMLP operates within the broader U.S. financial markets, targeting institutional and retail investors interested in energy yield and infrastructure plays. The fund's core offerings include MLP equity securities from leading midstream operators such as Enterprise Products Partners L.P., Energy Transfer LP, and MPLX LP; it emphasizes cash flow stability from fee-based contracts in pipelines, fractionation, and storage facilities, with a policy to hold at least 80% of its total assets in MLP securities as defined by its prospectus. Geographically, TMLP focuses on North American energy infrastructure, with holdings predominantly operating in the United States and Canada. Recent developments include the continued evolution of Tortoise Capital's ETF suite, with TMLP benefiting from strategic enhancements in 2024 such as refined index tracking methodologies to improve tax efficiency and yield capture amid volatile commodity markets; the firm also announced expanded distribution partnerships and a rebranding emphasis on sustainable energy transition infrastructure within its broader Tortoise Essential Assets family of funds. No major acquisitions or funding rounds were reported for the trust itself in the past two years, though Tortoise Capital has pursued growth through product innovation, including the launch of complementary ESG-focused energy ETFs to complement TMLP's traditional hydrocarbon exposure.