Targa Resources Announces Timing of Fourth Quarter and Full Year 2012 Earnings Releases and Conference Call

Targa Resources Announces Timing of Fourth Quarter and Full Year 2012 Earnings
Releases and Conference Call

HOUSTON, Jan. 23, 2013 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP)
("TRC" or the "Company") and Targa Resources Partners LP (NYSE:NGLS) ("Targa
Resources Partners" or the "Partnership") announced today that they each will
report their fourth quarter and full year 2012 financial results before the
NYSE opens for trading on Thursday, February 14, 2013. The Company and the
Partnership will host a conference call for investors and analysts at 11:00
a.m. Eastern Time (10:00 a.m. Central Time) to discuss fourth quarter and full
year results.

The conference call can be accessed via Webcast through the Events and
Presentations section of the Partnership's website at www.targaresources.com,
by going directly to http://ir.targaresources.com/events.cfm?company=LP or by
dialing 877-881-2598. The pass code for the dial-in is 92708088. Please dial
in ten minutes prior to the scheduled start time. A replay will be available
approximately two hours following completion of the Webcast through the
Investor's section of the Partnership's website. Telephone replay access
numbers are 855-859-2056 or 404-537-3406 with pass code 92708088 and will
remain available until February 28, 2013.

About Targa Resources Corp. and Targa Resources Partners LP

Targa Resources Corp. owns a 2% general partner interest (which it holds
through its 100% ownership interest in the general partner of the
Partnership), all of the outstanding incentive distribution rights ("IDRs")
and a portion of the outstanding limited partner interests in Targa Resources
Partners LP.

Targa Resources Partners is a publicly traded Delaware limited partnership
that is a leading provider of midstream natural gas and natural gas liquid
services in the United States. The Partnership is engaged in the business of
gathering, compressing, treating, processing and selling natural gas; storing,
fractionating, treating, transporting and selling natural gas liquids, or
NGLs, and NGL products; gathering, storing and terminaling crude oil; and
storing and terminaling refined petroleum products. The Partnership owns an
extensive network of integrated gathering pipelines and gas processing plants
and currently operates along the Louisiana Gulf Coast primarily accessing the
onshore and near offshore region of Louisiana, the Permian Basin in West Texas
and Southeast New Mexico the Fort Worth Basin in North Texas and in the
Williston Basin in North Dakota. Additionally, the Partnership's logistics and
marketing assets are located primarily at Mont Belvieu and Galena Park near
Houston, Texas and in Lake Charles, Louisiana with terminals and
transportation assets across the United States. Targa Resources Partners is
managed by its general partner, Targa Resources GP LLC, which is indirectly
wholly owned by Targa Resources Corp.

The Company's and Targa Resources Partners' principal executive offices are
located at 1000 Louisiana, Suite 4300, Houston, Texas 77002 and their
telephone number is 713-584-1000.

For more information, visit www.targaresources.com.

Forward-Looking Statements

Certain statements in this release are "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. All statements, other
than statements of historical facts, included in this release that address
activities, events or developments that the Partnership expects, believes or
anticipates will or may occur in the future are forward-looking statements.
These forward-looking statements rely on a number of assumptions concerning
future events and are subject to a number of uncertainties, factors and risks,
many of which are outside Targa Resources Partners' control, which could cause
results to differ materially from those expected by management of Targa
Resources Partners. Such risks and uncertainties include, but are not limited
to, weather, political, economic and market conditions, including a decline in
the price and market demand for natural gas and natural gas liquids, the
timing and success of business development efforts; and other uncertainties.
These and other applicable uncertainties, factors and risks are described more
fully in the Partnership's Annual Report on Form 10-K for the year ended
December 31, 2011 and other reports filed with the Securities and Exchange
Commission. Targa Resources Partners undertakes no obligation to update or
revise any forward-looking statement, whether as a result of new information,
future events or otherwise.

CONTACT: Investor contact:
         713-584-1133
        
         Matthew Meloy
         Senior Vice President, Chief Financial Officer and Treasurer
        
         Joe Brass
         Director, Finance
 
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