Targa Resources Corp. Reports Fourth Quarter and Full Year 2018 Financial Results and Provides 2019 Operational and Financial Guidance
Targa Resources, Inc. (TRGP)
US:NYSE Investor Relations:
ir.targaresources.com/trc/events.cfm
Company Research
Source: GlobeNewswire
HOUSTON, Feb. 20, 2019 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) (“TRC”, the “Company” or “Targa”) today reported fourth quarter and full year 2018 results. Fourth Quarter and Full Year 2018 Financial Results Fourth quarter 2018 net income (loss) attributable to Targa Resources Corp. was ($106.4) million compared to $283.1 million for the fourth quarter of 2017. The fourth quarter of 2018 included a pre-tax non-cash loss of $210.0 million from the impairment of goodwill. For the full year 2018, net income attributable to Targa Resources Corp. was $1.6 million compared to $54.0 million for 2017. The Company reported earnings before interest, income taxes, depreciation and amortization, and other non-cash items (“Adjusted EBITDA”) of $375.8 million for the fourth quarter of 2018 compared to $328.4 million for the fourth quarter of 2017. For the full year 2018, Adjusted EBITDA was $1,366.3 million compared to $1,139.8 million for 2017 (see the section of this release e
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News
- Targa Resources Corp. (NYSE: TRGP) had its price target raised by analysts at Stifel Nicolaus from $111.00 to $130.00. They now have a "buy" rating on the stock.MarketBeat
- Targa Resources Corp. (NYSE: TRGP) had its price target raised by analysts at Scotiabank from $112.00 to $128.00. They now have a "sector outperform" rating on the stock.MarketBeat
- Investors' Guide to Targa Resources' (TRGP) Dividend Hike [Yahoo! Finance]Yahoo! Finance
- Targa Resources Corp. Declares Increase to Quarterly Common Dividend and Announces Timing of First Quarter 2024 Earnings WebcastGlobeNewswire
- Targa Resources Corp. (NYSE: TRGP) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $105.00 to $117.00. They now have a "buy" rating on the stock.MarketBeat
TRGP
Sec Filings
- 3/21/24 - Form ARS
- 3/21/24 - Form DEFA14A
- 3/21/24 - Form DEF
- TRGP's page on the SEC website