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
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News
- Targa Resources Corp. (NYSE: TRGP) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $185.00 to $223.00. They now have a "buy" rating on the stock.MarketBeat
- Targa Resources Corp. (NYSE: TRGP) had its price target raised by analysts at Wells Fargo & Company from $190.00 to $204.00. They now have an "overweight" rating on the stock.MarketBeat
- Targa Resources Corp. (NYSE: TRGP) had its price target lowered by analysts at Truist Financial Co. from $225.00 to $220.00. They now have a "buy" rating on the stock.MarketBeat
- New Mexico seeks record $47.8M fine for excess air pollution by natural gas processor [Yahoo! Finance Canada]Yahoo! Finance Canada
- New Mexico seeks record $47.8M fine for excess air pollution by natural gas processor [Yahoo! Finance Canada]Yahoo! Finance Canada
TRGP
Sec Filings
- 12/3/24 - Form 4
- 12/2/24 - Form 144
- 11/19/24 - Form 4
- TRGP's page on the SEC website