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Last $45.58 USD
Change Today +0.14 / 0.31%
Volume 297.6K
NGLS On Other Exchanges
Symbol
Exchange
Frankfurt
New York
As of 8:04 PM 05/1/15 All times are local (Market data is delayed by at least 15 minutes).

targa resources partners lp (NGLS) Snapshot

Open
$45.37
Previous Close
$45.44
Day High
$45.75
Day Low
$45.23
52 Week High
06/19/14 - $83.49
52 Week Low
03/16/15 - $37.33
Market Cap
8.1B
Average Volume 10 Days
1.1M
EPS TTM
$2.85
Shares Outstanding
177.5M
EX-Date
04/30/15
P/E TM
16.0x
Dividend
$3.28
Dividend Yield
7.04%
Current Stock Chart for TARGA RESOURCES PARTNERS LP (NGLS)

targa resources partners lp (NGLS) Related Businessweek News

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targa resources partners lp (NGLS) Details

Targa Resources Partners LP owns, operates, acquires, and develops midstream energy assets in the United States. The company’s Gathering and Processing division is involved in gathering, compressing, dehydrating, treating, conditioning, processing, and marketing natural gas; and gathering crude oil. This division gathers and processes natural gas from the Permian Basin in West Texas and Southeast New Mexico; the Fort Worth Basin, including the Barnett Shale, in North Texas; and the Williston Basin in North Dakota, as well as from the onshore and offshore regions of the Louisiana Gulf Coast and the Gulf of Mexico. It supplies natural gas through its gathering systems that comprise approximately 11,400 miles of natural gas pipelines. This division sells its residue gas to end users, such as commercial and industrial customers; and natural gas and electric utilities serving individual consumers, as well as to marketers into intrastate or interstate pipelines. Its Logistics and Marketing division converts mixed natural gas liquids (NGLs) into NGL products; provides value added services, such as fractioning, storing, terminaling, transporting, exporting, distributing, and marketing NGLs and NGL products; and storing and terminaling of refined petroleum products and crude oil, as well as supplies and markets natural gas. It serves end-users of NGL products, such as petrochemical and refining companies, and propane markets for heating, cooking, or crop drying applications through pipelines, barges, ships, trucks, and rail cars. This division owns or operates 39 storage wells with a storage capacity of approximately 64 million barrels. As of December 31, 2014, its transportation assets consisted of 716 leased and managed railcars, 75 owned and leased transport tractors, and 22 company-owned pressurized NGL barges. The company was founded in 2006 and is based in Houston, Texas. Targa Resources Partners LP is a subsidiary of Targa Resources Corp.

Founded in 2006

targa resources partners lp (NGLS) Top Compensated Officers

Chief Executive Officer of Targa Resources GP...
Total Annual Compensation: $1.4M
President of Targa Resources GP LLC and Chief...
Total Annual Compensation: $1.2M
Chief Financial Officer of Targa Resources GP...
Total Annual Compensation: $672.1K
Compensation as of Fiscal Year 2013.

targa resources partners lp (NGLS) Key Developments

Targa Resources Partners LP Declares Quarterly Cash Distribution, Payable on May 15, 2015

Targa Resources Partners LP announced that the board of directors of its general partner has declared a quarterly cash distribution of 82.00 cents per common unit, or $3.28 on an annualized basis, for the first quarter 2015. The approved distribution represents increases of approximately 1.2% over the previous quarter's distribution and 7.5% over the distribution for the first quarter 2014. This cash distribution will be paid on May 15, 2015 on all outstanding common units to holders of record as of the close of business on May 4, 2015.

Targa Resources Partners LP Provides Capital Expenditures Guidance for the Year 2015

Targa Resources Partners LP provided capital expenditures guidance for the year 2015. For the year, the company estimated that 2015 gross growth capital expenditures will be approximately $700 million to $900 million and 2015 maintenance capital expenditures will be approximately $110 million.

Targa Resources Mulls Acquisitions

Targa Resources Partners LP (NYSE:NGLS) is looking for acquisitions. Targa Resources has filed a shelf registration in the amount of $1 billion and intends to use the net proceeds from the sale of the securities for general partnership purposes, which may include repayment of indebtedness, the acquisition of businesses, other capital expenditures and additions to working capital.

 

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Industry Analysis

NGLS

Industry Average

Valuation NGLS Industry Range
Price/Earnings 16.4x
Price/Sales 0.6x
Price/Book 2.2x
Price/Cash Flow 8.3x
TEV/Sales 0.3x
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