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Targa Resources Corp (TRGP.N)

TRGP.N on New York Stock Exchange

43.45USD
12 Dec 2018
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Latest Key Developments (Source: Significant Developments)

Targa Resources Corp. Reports Q3 2018 Financial Results
Thursday, 8 Nov 2018 06:00am EST 

Nov 8 (Reuters) - Targa Resources Corp ::TARGA RESOURCES CORP. REPORTS THIRD QUARTER 2018 FINANCIAL RESULTS AND PROVIDES UPDATE ON GROWTH PROJECTS, FINANCING AND LONGER-TERM OUTLOOK.TARGA RESOURCES CORP - QTRLY TOTAL REVENUE $2,986.4 MILLION VERSUS $2,131.8 MILLION.TARGA RESOURCES CORP - Q3 2018 NET LOSS WAS $23.7 MILLION COMPARED TO $167.6 MILLION FOR Q3 OF 2017.TARGA RESOURCES CORP - NOW ESTIMATES 2018 NET GROWTH CAPITAL EXPENDITURES FOR ANNOUNCED PROJECTS WILL BE ABOUT $2.4 BILLION.TARGA RESOURCES CORP - ESTIMATES THAT 2018 NET MAINTENANCE CAPITAL EXPENDITURES WILL BE APPROXIMATELY $110 MILLION..TARGA RESOURCES CORP - ALSO ESTIMATES THAT PRELIMINARY 2019 NET GROWTH CAPITAL EXPENDITURES FOR ANNOUNCED PROJECTS WILL BE ABOUT $2 BILLION.  Full Article

Targa Resources May Sell Shares At Offering Price Of Up To $750 Mln
Friday, 21 Sep 2018 06:59am EDT 

Sept 21 (Reuters) - Targa Resources Corp ::TARGA RESOURCES CORP SAYS MAY OFFER, SELL SHARES OF CO'S COMMON STOCK HAVING AGGREGATE OFFERING PRICE OF UP TO $750 MILLION FROM TIME TO TIME - SEC FILING.  Full Article

Targa Resources Partners Announces $750 Million Offering Of Senior Notes
Thursday, 5 Apr 2018 08:12am EDT 

April 5 (Reuters) - Targa Resources Corp ::TARGA RESOURCES PARTNERS LP ANNOUNCES $750 MILLION OFFERING OF SENIOR NOTES.TARGA RESOURCES PARTNERS - OFFERING $750 MLN OF SENIOR UNSECURED NOTES DUE 2026​​.TARGA RESOURCES PARTNERS - ‍INTENDS TO USE NET PROCEEDS FROM OFFERING TO REPAY BORROWINGS UNDER ITS CREDIT FACILITIES ​ ​.  Full Article

Targa Resources Qtrly Total Revenue $2,702.8 Mln Vs $2,012.6 Mln
Thursday, 15 Feb 2018 07:00am EST 

Feb 15 (Reuters) - Targa Resources Corp ::. REPORTS FOURTH QUARTER AND FULL YEAR 2017 FINANCIAL RESULTS AND PROVIDES 2018 OPERATIONAL AND FINANCIAL GUIDANCE.NET MAINTENANCE CAPITAL EXPENDITURES FOR 2018 ARE ESTIMATED TO BE APPROXIMATELY $120 MILLION.QTRLY TOTAL REVENUE $2,702.8 MILLION VERSUS $2,012.6 MILLION.TARGA RESOURCES - EXPECTS 2018 FIELD GATHERING AND PROCESSING NATURAL GAS INLET VOLUMES WILL AVERAGE BETWEEN 3,150 MMCF/D & 3,350 MMCF/D.‍ IN THE QUARTER, RECORDED TAX BENEFIT OF $269.5 MILLION IN CONNECTION WITH TAX CUTS AND JOBS ACT ( "TAX ACT")​.ESTIMATES 2018 ADJUSTED EBITDA TO BE BETWEEN $1,225 MILLION AND $1,325 MILLION.‍TARGA ESTIMATES 2018 NET GROWTH CAPITAL EXPENDITURES TO BE APPROXIMATELY $1.6 BILLION​.Q4 2017 NET INCOME ATTRIBUTABLE TO TARGA RESOURCES CORP. WAS $283.1 MILLION COMPARED TO LOSS OF $150.8 MILLION FOR Q4 OF 2016.Q4 REVENUE VIEW $2.34 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Targa Resources Announces $1.1 Bln Of Development Joint Ventures With Stonepeak Infrastructure Partners
Tuesday, 6 Feb 2018 04:05pm EST 

Feb 6 (Reuters) - Targa Resources Corp ::TARGA RESOURCES ANNOUNCES $1.1 BILLION OF DEVELOPMENT JOINT VENTURES WITH STONEPEAK INFRASTRUCTURE PARTNERS.RETAINS OPTION TO ACQUIRE STONEPEAK'S INTERESTS AT PREDETERMINED FIXED RETURN.TARGA RESOURCES - STONEPEAK OWNS AN 80% INTEREST IN DEVELOPMENT JOINT VENTURE ENTITIES THAT HOLD GCX INTEREST AND TARGA'S NEXT FRACTIONATION TRAIN.DEVCO JVS SIGNIFICANTLY REDUCE TARGA'S EQUITY FUNDING NEEDS FOR 2018 AND 2019.TARGA RESOURCES - ‍ STONEPEAK COMMITTED AN AGGREGATE OF ABOUT $960 MILLION OF CAPITAL (INCLUDING CONTINGENCY) THAT WILL BE DISTRIBUTED TO TARGA.‍TARGA COMMITTED TO FUND APPROXIMATELY $150 MILLION RELATED TO ITS SHARE OF DEVCO JVS' FUTURE CAPITAL COSTS​.PROCEEDS FROM STONEPEAK'S INITIAL CONTRIBUTION IN DEVCO JVS WILL BE USED TO REDUCE TARGA'S CURRENT DEBT.TARGA RESOURCES - DEVCO JVS OWN CO'S 25% INTEREST IN GULF COAST EXPRESS PIPELINE, 20% INTEREST IN GRAND PRIX PIPELINE.TARGA RESOURCES - STONEPEAK COMMITTED ABOUT $960 MILLION OF CAPITAL FOR JV, INCLUDING AN INITIAL CONTRIBUTION OF ABOUT $190 MILLION.  Full Article

Targa Resources Corp Announces Executive Leadership Promotions
Thursday, 1 Feb 2018 08:00am EST 

Feb 1 (Reuters) - Targa Resources Corp ::TARGA RESOURCES CORP. ANNOUNCES EXECUTIVE LEADERSHIP PROMOTIONS.TARGA RESOURCES CORP SAYS BOARD APPOINTED JENNIFER KNEALE TO CHIEF FINANCIAL OFFICER.  Full Article

Targa Resources Corp reports third quarter financial results
Thursday, 2 Nov 2017 07:00am EDT 

Nov 2 (Reuters) - Targa Resources Corp :Targa Resources Corp reports third quarter 2017 financial results.‍2017 net growth capital expenditures for announced projects will be approximately $1,320.0 million.‍continues to expect 2017 net maintenance capital expenditures will be approximately $110.0 million​.Targa Resources Corp - qtrly total revenue $2,131.8 million versus $1652.3 million ‍​.Q3 earnings per share view $-0.11, revenue view $1.94 billion -- Thomson Reuters I/B/E/S.  Full Article

Targa Resources Partners prices $750 mln offering of senior notes
Tuesday, 10 Oct 2017 05:12pm EDT 

Oct 10 (Reuters) - Targa Resources Corp :Targa Resources Partners LP prices $750 million offering of senior notes.Targa Resources Corp - ‍notes accrue interest at a rate of 5% per annum, mature on January 15, 2028 and were priced at par​.Targa Resources - Co's unit, Targa Resources Partners Finance Corp priced $750 million of senior unsecured notes due 2028​.  Full Article

Targa Resources announces $750 mln offering of senior notes
Tuesday, 10 Oct 2017 07:20am EDT 

Oct 10 (Reuters) - Targa Resources Corp :Targa Resources Partners LP announces $750 million offering of senior notes.Targa Resources Corp - unit ‍intends to use net proceeds from offering to redeem its 5% senior notes due 2018​.Targa Resources Corp - ‍intends to use net proceeds also to reduce borrowings under its credit facilities​.Targa Resources Corp- ‍ subsidiary announces offering of $750 million in aggregate principal amount of senior unsecured notes due 2028​.  Full Article

Targa Resources announces creation of joint venture in Grand Prix Pipeline with Blackstone Energy Partners
Wednesday, 4 Oct 2017 04:07pm EDT 

Oct 4 (Reuters) - Targa Resources Corp :Targa Resources announces creation of a joint venture in grand prix pipeline with blackstone energy partners and long-term volume commitment from eagleclaw midstream.Targa Resources - to sell a 25% jv interest in its previously announced grand prix ngl pipeline to funds managed by blackstone energy partners​.Targa Resources - ‍once completed, grand prix will be a new 300 thousand barrel per day common carrier ngl pipeline from permian basin to mont belvieu.Targa Resources Corp - ‍Targa is expected to realize substantial net capital savings through sale of 25 percent interest in Grand Prix to Blackstone​.Targa Resources Corp - continues to expect Grand Prix to be operational in Q2 of 2019.  Full Article