Last $43.88 USD
Change Today +1.20 / 2.81%
Volume 689.9K
NGLS On Other Exchanges
Symbol
Exchange
Frankfurt
As of 2:02 PM 03/3/15 All times are local (Market data is delayed by at least 15 minutes).

targa resources partners lp (NGLS) Snapshot

Open
$42.52
Previous Close
$42.68
Day High
$44.18
Day Low
$42.50
52 Week High
06/19/14 - $83.49
52 Week Low
01/14/15 - $39.05
Market Cap
5.2B
Average Volume 10 Days
934.3K
EPS TTM
$2.85
Shares Outstanding
118.9M
EX-Date
01/29/15
P/E TM
15.4x
Dividend
$3.24
Dividend Yield
7.17%
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 Presents at Morgan Stanley MLP and Natural Gas Access, Mar-03-2015

Targa Resources Partners LP Presents at Morgan Stanley MLP and Natural Gas Access, Mar-03-2015 . Venue: The St. Regis, New York, New York, United States.

Targa Resources Partners LP Amends Credit Agreement with Bank of America, N.A

On February 23, 2015, Targa Resources Partners LP (the Partnership) entered into the First Amendment, Waiver and Incremental Commitment Agreement, dated as of February 23, 2015, to its Second Amended and Restated Credit Agreement (the Original Agreement) with Bank of America, N.A., as Administrative Agent, Collateral Agent, Swing Line Lender and L/C issuer and the lenders party thereto. The Amendment amends the Original Agreement to increase the borrowing capacity of the Partnership's existing credit facility from an aggregate principal amount of $1,200,000,000 to $1,600,000,000 (with an option to increase such maximum aggregate principal amount by up to $300,000,000 in the future, subject to the terms of the Original Agreement, as amended). In addition, the Amendment also amends certain provisions of the Original Agreement in connection with the Partnership's proposed acquisition (the APL Merger) of Atlas Pipeline Partners, L.P. (APL), including, among other things, the designation of each of APL and its subsidiaries as an Unrestricted Subsidiary under the Original Agreement upon the consummation of the APL Merger.

Targa Resources Partners LP, Special/Extraordinary Shareholders Meeting, Feb 20, 2015

Targa Resources Partners LP, Special/Extraordinary Shareholders Meeting, Feb 20, 2015. Agenda: To approve the proposed acquisition.

 

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Industry Analysis

NGLS

Industry Average

Valuation NGLS Industry Range
Price/Earnings 15.8x
Price/Sales 0.6x
Price/Book 2.1x
Price/Cash Flow 8.0x
TEV/Sales 0.2x
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