Targa Resources Corp. Reports Fourth Quarter and Full Year 2019 Financial Results and Provides 2020 Operational and Financial Outlook
Targa Resources, Inc. (TRGP)
US:NYSE Investor Relations:
ir.targaresources.com/trc/events.cfm
Company Research
Source: GlobeNewswire
HOUSTON, Feb. 20, 2020 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) (“TRC”, the “Company” or “Targa”) today reported fourth quarter and full year 2019 results. Fourth Quarter and Full Year 2019 Financial Results Fourth quarter 2019 net income (loss) attributable to Targa Resources Corp. was ($112.8) million compared to ($106.4) million for the fourth quarter of 2018. The fourth quarter of 2019 included a pre-tax non-cash loss of $229.0 million from the impairment of property, plant and equipment from a continuing decline in natural gas production across the Barnett Shale in North Texas and Gulf of Mexico due to the sustained low commodity price environment. 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 2019, net income (loss) attributable to Targa Resources Corp. was ($209.2) million compared to $1.6 million for 2018. The Company reported record adjusted earnings before intere
Show less
Read more
Impact Snapshot
Event Time:
TRGP
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
TRGP alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
TRGP alerts
High impacting Targa Resources, Inc. news events
Weekly update
A roundup of the hottest topics
TRGP
News
- Targa Resources Corp. (NYSE: TRGP) had its price target raised by analysts at Wells Fargo & Company from $109.00 to $124.00. They now have an "overweight" rating on the stock.MarketBeat
- Targa Resources: Improving Ebitda And Possible Upside Potential [Seeking Alpha]Seeking Alpha
- Targa Resources Corp. (NYSE:TRGP) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Targa Resources First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags [Yahoo! Finance]Yahoo! Finance
- Targa Resources beats first-quarter core profit estimates on higher transportation volumes [Reuters]Reuters
TRGP
Sec Filings
- 5/2/24 - Form 10-Q
- 5/2/24 - Form 8-K
- 3/21/24 - Form ARS
- TRGP's page on the SEC website