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Targa Resources Corp (TRGP.N)

TRGP.N on New York Stock Exchange

49.45USD
22 Jun 2018
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$1.21 (+2.51%)
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Latest Key Developments (Source: Significant Developments)

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

Targa reports impact to operations related to hurricane Harvey
Tuesday, 29 Aug 2017 11:11pm EDT 

Aug 29 (Reuters) - Targa Resources Corp -:Targa reports impact to operations related to hurricane Harvey.Targa resources - damage to date to Targa facilities has been minimal, that disruptions to operations are expected to be limited.Normal operations will resume shortly after flood waters recede..Cedar Bayou Fractionator today required to be temporarily taken out of service.CBF was taken out of service due to flooding that disrupted operation of freshwater supply pumps..Fractionation operations should be able to resume quickly once water recedes and operation of freshwater supply wells is restored.Targa resources- Targa's Galena Park marine terminal is not in service as Houston Ship Channel has been closed to ship traffic since Aug 25th.Targa resources - disruptions in brine disposal operations at Mont Belvieu terminal negatively impacted facility’s capacity for receiving raw products.CEO says "none of our assets have sustained any material damage at this point".Outages may also impact upstream gathering and processing facilities.Targa may have to curtail operations at some of its natural gas processing plants until flood waters recede.Targa resources - on the Louisiana gulf coast, Targa's coastal assets are all operational and undamaged.  Full Article

KPE secures Targa Pipeline's contract valued over $100 mln
Wednesday, 23 Aug 2017 08:30am EDT 

Aug 23 (Reuters) - Targa Resources Corp :KPE awarded contract for natural gas cryogenic processing facility.KP Engineering - been awarded a contract valued in excess of $100 million by Targa Pipeline Mid-Continent WestTex LLC, unit of Targa Resources Corp.  Full Article

BRIEF-Sanchez Midstream Partners Expands Midstream JV With Targa Resources In South Texas

* SANCHEZ MIDSTREAM PARTNERS ANNOUNCES EXPANSION OF MIDSTREAM JOINT VENTURE WITH TARGA RESOURCES IN SOUTH TEXAS