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Wednesday, February 20, 2019

-=Targa Resources (TRGP) reported earnings on Wed 20 Feb 2019 (b/o)

Targa Resources reports Q4 results
  • Fourth quarter 2018 net income attributable to Targa Resources Corp. was ($106.4) million compared to $283.1 million for the fourth quarter of 2017.   Co reports Q4 revs -4% YoY to $2.297 bln versus $2.8 bln Capital IQ consensus
  • For 2019, assuming NGL composite barrel prices average $0.60 per gallon, crude oil prices average $54 per barrel and natural gas prices average $3.00 per MMbtu for the year, and pro forma for its recently announced transaction to sell a 45 percent interest in the Badlands, Targa estimates full year Adjusted EBITDA to be between $1,300 million and $1,400 million.

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