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Last $39.89 USD
Change Today +0.74 / 1.89%
Volume 796.1K
NGLS On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 07/28/15 All times are local (Market data is delayed by at least 15 minutes).

targa resources partners lp (NGLS) Snapshot

Open
$39.40
Previous Close
$39.15
Day High
$40.22
Day Low
$39.01
52 Week High
08/29/14 - $74.51
52 Week Low
07/1/15 - $36.74
Market Cap
7.2B
Average Volume 10 Days
940.0K
EPS TTM
$2.35
Shares Outstanding
180.8M
EX-Date
07/30/15
P/E TM
17.0x
Dividend
$3.30
Dividend Yield
8.04%
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 for the Second Quarter of 2015, Payable on August 14, 2015

Targa Resources Partners LP announced that the board of directors of its general partner has declared a quarterly cash distribution of 82.50 cents per common unit, or $3.30 per common unit on an annualized basis, for the second quarter of 2015. The approved distribution represents increases of approximately 1% over the previous quarter's distribution and 6% over the distribution for the second quarter 2014. This cash distribution will be paid August 14, 2015 on all outstanding common units to holders of record as of the close of business on August 3, 2015.

Targa Resources Partners LP and Targa Resources Partners Finance Corporation Announce Final Results of Exchange Offer

Targa Resources Partners LP and its subsidiary Targa Resources Partners Finance Corporation announced that their previously announced offer to exchange any and all of the outstanding unsecured 6 5/8% Senior Notes due 2020 issued by Targa Pipeline Partners LP (formerly known as Atlas Pipeline Partners, L.P.) and Targa Pipeline Finance Corporation (formerly known as Atlas Pipeline Finance Corporation) for new 6 5/8% Senior Notes due 2020 issued by Targa expired at 11:59 p.m., New York City time, on May 8, 2015.

Targa Resources Partners LP Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Targa Resources Partners LP reported consolidated earnings results for the first quarter ended March 31, 2015. First quarter 2015 net income attributable to Targa Resources Partners was $71.6 million compared to $122.4 million for the first quarter of 2014. Net income per diluted limited partner unit was $0.21 in the first quarter of 2015 compared to $0.78 for the first quarter of 2014. The Partnership reported earnings before interest, income taxes, depreciation and amortization and other non-cash items (adjusted EBITDA) of $257.9 million for the first quarter of 2015 compared to $234.2 million for the first quarter of 2014. Revenues were $1,679.7 million against $2,294.7 million a year ago. Income from operations was $139.6 million against $160.6 million a year ago. Capital expenditures were $1,010.6 million against $175.4 million a year ago. Income before income taxes was $77.6 million against $132.4 million a year ago. Net cash provided by operating activities was $301.3 million against $316.4 million a year ago. Outlays for property, plant and equipment was $187.6 million against $197.7 million a year ago. Revenues declined due to lower commodity prices ($1,112.2 million) partially offset by increased commodity volumes ($429.1 million), higher fee-based and other revenues ($67.9 million) and favorable hedge settlements ($27.8 million).

 

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NGLS:US $39.89 USD +0.74

NGLS Competitors

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Company Last Change
CenterPoint Energy Inc $18.89 USD +0.21
Pepco Holdings Inc $26.62 USD +0.21
SCANA Corp $53.30 USD -0.03
Targa Resources Corp $88.97 USD +2.92
UGI Corp $35.80 USD +0.24
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Industry Analysis

NGLS

Industry Average

Valuation NGLS Industry Range
Price/Earnings 18.3x
Price/Sales 0.7x
Price/Book 1.1x
Price/Cash Flow 11.2x
TEV/Sales 0.2x
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