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TYG

Tortoise Energy Infrastructure Corporation

TYG

Tortoise Energy Infrastructure Corporation • NYSE
$44.09 ▲ 1.61% (+0.70)
Market Cap $759.63 M
52w High $48.76
52w Low $33.73
Dividend Yield 4.49%
P/E 5.46
Volume 112.30K
Outstanding Shares 17.23M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $10.785M ▲ $6.573M ▲ $-50.932M ▼ -472.234% ▼ $-2.96 ▼ $0
Q4-2024 $7.305M ▲ $4.117M ▲ $140.332M ▲ 1.921K% ▲ $13.04 ▲ $0
Q2-2024 $6.37M ▼ $3.2M ▼ $70.589M ▲ 1.108K% ▲ $6.56 ▲ $0
Q4-2023 $7.248M ▼ $3.844M ▼ $34.582M ▲ 477.127% ▲ $3.22 ▲ $0
Q2-2023 $8.512M $71.82M $-50.205M -589.841% $-4.44 $0

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $238.181K ▼ $968.89M ▲ $196.694M ▲ $772.195M ▲
Q4-2024 $288.521K ▼ $689.509M ▲ $130.17M ▲ $559.339M ▲
Q2-2024 $638.974K ▲ $563.922M ▲ $128.123M ▲ $435.8M ▲
Q4-2023 $408.099K ▲ $492.651M ▼ $112.155M ▼ $380.497M ▲
Q2-2023 $271.05K $504.066M $123.743M $380.323M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $-50.932M ▼ $49.176M ▲ $0 ▲ $-49.222M ▼ $-46.086K ▼ $49.176M ▲
Q4-2024 $140.332M ▲ $5.193M ▼ $-770.506K ▼ $-5.193M ▲ $0 ▼ $5.193M ▼
Q2-2024 $70.589M ▲ $7.506M ▲ $1.668M ▼ $-7.506M ▲ $834K ▼ $7.506M ▼
Q4-2023 $34.582M ▲ $809.776K ▼ $81.268M ▼ $-41.307M ▲ $40.634M ▼ $41.307M ▼
Q2-2023 $-50.205M $49.371M $89.161M $-49.371M $44.581M $49.371M

Five-Year Company Overview

Income Statement

Income Statement TYG’s results look like a classic energy-focused fund that was hit hard during the energy downturn and then gradually recovered. The portfolio showed a deep loss in the early part of the period (around the pandemic), then moved back to solid profitability in most of the years that followed. There is still some bumpiness from year to year, reflecting shifts in energy prices and market conditions, but the most recent year stands out as particularly strong. Overall, the trend is from a sharp setback to a more stable, positive earnings profile, with occasional smaller setbacks along the way.

Balance Sheet

Balance Sheet The balance sheet shows a fund that has rebuilt itself after a weak starting point. Total assets and shareholder equity have steadily grown, suggesting the portfolio has appreciated and/or been managed back to a healthier size. Debt is present but not dominant, which points to moderate use of leverage rather than an aggressive borrowing stance. The absence of meaningful cash balances is normal for a closed‑end fund that aims to stay invested. In short, the capital structure looks reasonably balanced for a leveraged investment vehicle focused on income and total return.

Cash Flow

Cash Flow Cash generation has been positive overall, but uneven over time. There was one standout year with very strong cash inflows tied to portfolio activity, followed by smaller but still positive operating cash flows in later years. Because the fund does not invest in physical assets, there is essentially no traditional capital spending, so most operating cash can be directed toward distributions, debt service, and portfolio repositioning. The key question is less about capex and more about whether cash inflows remain steady enough to support the fund’s elevated payout goals through cycles in the energy markets.

Competitive Edge

Competitive Edge TYG competes as a specialized, closed‑end fund in the energy infrastructure space, backed by an experienced manager with a long track record in midstream and related assets. Its scale and brand in this niche give it some advantages in accessing deals and maintaining investor interest. The merger with the sustainable and social impact fund broadens its reach across both traditional energy infrastructure and newer, transition‑oriented assets, which can appeal to investors seeking a blend of income and growth tied to electrification. However, it still operates in a crowded field of energy and infrastructure funds and remains exposed to sector swings, regulatory shifts, and the quirks of closed‑end fund discounts and premiums. Its positioning is stronger in energy expertise than in broad market diversification.

Innovation and R&D

Innovation and R&D As an investment fund, TYG does not innovate through technology or lab research; its “R&D” is in strategy design, product structure, and portfolio construction. The notable innovation is the deliberate move from a narrow midstream focus toward a more comprehensive energy‑transition portfolio that includes renewables, power, and grid infrastructure. The merger with the impact‑oriented fund is a key step in that evolution, giving TYG a more modern energy mix without abandoning its income‑producing core. Ongoing innovation will mainly show up in how actively it shifts capital along the energy value chain, how it manages risk between legacy fossil assets and cleaner infrastructure, and how it structures distributions to match what the portfolio can realistically support over time.

Summary

TYG today looks like a recovered and repositioned energy infrastructure fund: badly hurt during the earlier energy downturn, then gradually repaired and now benefiting from a stronger income and earnings profile. The balance sheet and cash flows suggest a reasonably managed, moderately leveraged closed‑end structure, with enough financial flexibility to pursue both income and growth in its chosen niche. Competitively, it leans on deep sector expertise and an expanded mandate that now spans traditional pipelines through to energy transition assets, aiming to straddle stability and growth. The main opportunities lie in capturing the long‑term need for energy infrastructure and electrification, while the main risks stem from sector cyclicality, regulation, leverage, and the sustainability of elevated distributions in a volatile industry.

NEWS

November 11, 2025 · 7:15 PM UTC

Tortoise Capital Announces Increased Distributions for TYG Following Completion of Merger with TEAF

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November 10, 2025 · 8:00 AM UTC

Tortoise Capital Completes Merger of Tortoise Energy Infrastructure Corp. (NYSE: TYG) and Tortoise Sustainable and Social Impact Term Fund (NYSE: TEAF)

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October 15, 2025 · 11:55 PM UTC

Tortoise Capital Announces Closed-End Fund Distributions

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October 1, 2025 · 7:45 PM UTC

Tortoise Capital Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of September 30, 2025, for TYG and TEAF

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September 2, 2025 · 7:40 PM UTC

Tortoise Capital Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of August 29, 2025, for TYG and TEAF

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