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Last $46.12 USD
Change Today +0.54 / 1.18%
Volume 1.4M
NGLS On Other Exchanges
Symbol
Exchange
Frankfurt
New York
As of 8:04 PM 04/20/15 All times are local (Market data is delayed by at least 15 minutes).

targa resources partners lp (NGLS) Snapshot

Open
$45.58
Previous Close
$45.58
Day High
$46.42
Day Low
$45.58
52 Week High
06/19/14 - $83.49
52 Week Low
03/16/15 - $37.33
Market Cap
8.2B
Average Volume 10 Days
1.6M
EPS TTM
$2.82
Shares Outstanding
177.5M
EX-Date
01/29/15
P/E TM
16.4x
Dividend
$3.24
Dividend Yield
6.83%
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 and Targa Resources Partners Finance Corporation Announces Exchange Offer and Consent Solicitation

Targa Resources Partners LP and its subsidiary Targa Resources Partners Finance Corporation (collectively Targa) announced the commencement of an offer to exchange any and all of the outstanding unsecured 6 5/8% senior notes due 2020 issued by Targa Pipeline Partners LP and Targa Pipeline Finance Corporation, which have an aggregate principal amount outstanding of $355.1 million (APL notes), for an equal amount of new unsecured 6 5/8% senior notes due 2020 (TRP notes) issued by Targa. The new TRP Notes will have substantially the same economic terms as the outstanding APL notes for which they are being offered in exchange, including interest rate, interest payment dates, optional redemption terms and maturity. The new TRP notes will rank pari-passu with Targa's six outstanding series of senior notes. The exchange of TRP notes for the APL notes will be conducted on a par-for-par basis, except that holders that tender after 5:00 P.M., New York City time, on April 24, 2015 will receive $970 in principal amount of TRP notes for each $1,000 principal amount of APL notes tendered. In connection with this exchange offer, Targa is soliciting consents to amend the APL Notes and the indenture governing the APL Notes. The proposed amendments require the consent of a majority in outstanding principal amount of the APL notes and would delete in their entirety substantially all the restrictive covenants in the indenture governing the APL notes and eliminate certain events of default. The exchange offer will expire at 11:59 p.m., New York City time, on May 8, 2015, unless extended or terminated (expiration date). The consummation of the exchange offer is subject to certain conditions including, among others, a majority in aggregate principal amount of outstanding APL notes being validly tendered prior to the expiration date. The TRP notes have not been registered under the Securities Act of 1933, as amended, or any state or foreign securities laws. The TRP notes may not be offered or sold in the United States or to any U.S. persons except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act or any applicable state securities laws. Targa expects to enter into a registration rights agreement with respect to the TRP Notes, as described in the confidential offering document related to the exchange offer.

Targa Resources Partners LP Presents at 6th Annual Energy Fundamentals Forum: Crude Oi, Apr-13-2015

Targa Resources Partners LP Presents at 6th Annual Energy Fundamentals Forum: Crude Oi, Apr-13-2015 . Venue: Hyatt Regency Houston, 1200 Louisiana Street, Houston, TX 77002, United States.

Targa Resources Partners LP Presents at Barclays Select Series 2015: Master Limited Partnership Corporate Access Day, Mar-04-2015

Targa Resources Partners LP Presents at Barclays Select Series 2015: Master Limited Partnership Corporate Access Day, Mar-04-2015 . Venue: Crowne Plaza Times Square Manhattan, 1605 Broadway, New York, New York, United States.

 

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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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