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Targa Resources Partners LP

Company Summary

Description

Targa Resources Partners LP is a provider of midstream natural gas and natural gas liquid (NGL) services in the United States with a presence in crude oil gathering and petroleum terminaling. The Company is engaged in the business of gathering, compressing, treating, processing and selling natural gas; storing, fractionating, treating, transporting and selling NGLs and NGL products, including services to liquefied petroleum gas (LPG) exporters; gathering, storing and terminaling crude oil, and storing, terminaling and selling refined petroleum products.

Financial Data:

NYSE:NGLS from Google Finance

Tickers:

  • NGLS - New York Stock Exchange

Related Entities

Recent news

  • 11/10/2023 - Targa Still Evaluating... (subscriber access)
  • 1/5/2023 - Targa Resources Prices... (subscriber access)
  • 4/7/2022 - Targa Resources... (subscriber access)
  • 3/24/2022 - Targa Resources... (subscriber access)
  • 11/20/2020 - Targa Resources Fully... (subscriber access)

Investor Presentations

Company Transactions

Date: 11/12/2019
Type: Acquisition

DETAILS:

COST: 135 $MM

VOLUMES: 65 M Bbls/d

NOTES:
Targa Resources has found a buyer for its Permian Basin crude gathering assets, selling their pipelines and terminals to Oryx Midstream for $135 million. Targa's assets in the deal moved an estimated 65 Mbbl/d in 2018.
REGIONS:
  • Permian Basin
  • Date: 2/15/2017
    Type: Acquisition

    NOTES:
    Initially, Targa will pay Outrigger $565 million in cash for the assets. Later, Targa will fulfill payments in 2018 & 2019 that will include $935 million in cash depending on certain performance-linked measures. The second set of payments are not guaranteed to Outrigger.
    REGIONS:
  • Delaware Basin
  • Midland Basin