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. The Company operates in two divisions: Gathering and Processing, and Logistics and Marketing. The Gathering and Processing division consists of two segments: Field Gathering and Processing, and Coastal Gathering and Processing. The Logistics and Marketing division consists of two segments: Logistics Assets and Marketing and Distribution.
Industry, Sector and Symbol:
- Sector: Basic Materials
- Industry: Oil & Gas Pipelines
- Sub-Industry: N/A
- Symbol: NYSE:NGLS
- CUSIP: N/A
- Web: N/A
- Market Cap: $1.97 billion
- Outstanding Shares: 184,847,000
- 50 Day Moving Avg: $13.00
- 200 Day Moving Avg: $24.00
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: -88.75
- P/E Growth: 0
Frequently Asked Questions for Targa Resources Partners LP (NYSE:NGLS)
What is Targa Resources Partners LP's stock symbol?
Targa Resources Partners LP trades on the New York Stock Exchange (NYSE) under the ticker symbol "NGLS."
How were Targa Resources Partners LP's earnings last quarter?
Targa Resources Partners LP (NYSE:NGLS) released its earnings results on Tuesday, November, 4th. The company reported $0.78 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.68 by $0.10. The business had revenue of $2.29 billion for the quarter, compared to analysts' expectations of $2.28 billion. The company's revenue was up 56.1% compared to the same quarter last year. During the same period last year, the firm earned $0.30 EPS. View Targa Resources Partners LP's Earnings History.
Where is Targa Resources Partners LP's stock going? Where will Targa Resources Partners LP's stock price be in 2017?
5 brokerages have issued twelve-month price objectives for Targa Resources Partners LP's stock. Their predictions range from $45.00 to $55.00. On average, they anticipate Targa Resources Partners LP's share price to reach $51.20 in the next twelve months. View Analyst Ratings for Targa Resources Partners LP.
Who are some of Targa Resources Partners LP's key competitors?
Some companies that are related to Targa Resources Partners LP include Genesis Energy, L.P. (GEL), Tallgrass Energy Partners LP (TEP), EnLink Midstream LLC (ENLC), Valero Energy Partners LP (VLP), Dominion Energy Midstream Partners LP (DM), QEP Resources (QEP), Holly Energy Partners, L.P. (HEP), SemGroup Corp (SEMG), Crestwood Equity Partners LP (CEQP), Franks International NV (FI), Summit Midstream Partners LP (SMLP), Tallgrass Energy GP LP (TEGP), Western Refining Logistics LP (WNRL), CONE Midstream Partners LP (CNNX), Crestwood Midstream Partners LP (CMLP), NuStar GP Holdings, LLC (NSH), PBF Logistics LP (PBFX) and Penntex Midstream Partners LP (PTXP).
Who are Targa Resources Partners LP's key executives?
Targa Resources Partners LP's management team includes the folowing people:
- James W. Whalen, Executive Chairman of the Board of Targa Resources GP LLC
- Joe Bob Perkins, Chief Executive Officer, Director of Targa Resources GP LLC
- Michael A. Heim, Vice Chairman of the Board of Targa Resources GP LLC
- Matthew J. Meloy, Chief Financial Officer, Executive Vice President
- Jeffrey J. McParland, President - Finance and Administration of Targa Resources GP LLC
- Paul W. Chung, Executive Vice President, General Counsel and Secretary of Targa Resources GP LLC
- D. Scott Pryor, Executive Vice President - Logistics and Marketing of Targa Resources GP LLC
- Patrick J. McDonie, Executive Vice President - Southern Field Gathering and Processing of Targa Resources GP LLC
- Daniel Chris Middlebrooks, Executive Vice President - Northern Field Gathering and Processing of Targa Resources GP LLC
- Robert Muraro, Executive Vice President - Commercial of Targa Resources GP LLC
How do I buy Targa Resources Partners LP stock?
Shares of Targa Resources Partners LP can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Targa Resources Partners LP's stock price today?
MarketBeat Community Rating for Targa Resources Partners LP (NYSE NGLS)MarketBeat's community ratings are surveys of what our community members think about Targa Resources Partners LP and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Targa Resources Partners LP stock can currently be purchased for approximately $10.65.
Earnings History for Targa Resources Partners LP (NYSE:NGLS)Earnings History by Quarter for Targa Resources Partners LP (NYSE:NGLS)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|11/3/2015||Q315||$0.10||$0.02||$1.76 billion||$1.63 billion||View||Listen|
|8/4/2015||Q215||$0.19||$0.01||$2.04 billion||$1.70 billion||View||Listen|
|5/5/2015||Q115||$0.22||$0.21||$1.88 billion||$1.68 billion||View||Listen|
|2/13/2015||Q414||$0.60||$0.58||$2.10 billion||$2.03 billion||View||N/A|
|11/4/2014||Q314||$0.68||$0.78||$2.28 billion||$2.29 billion||View||Listen|
|8/1/2014||Q214||$0.43||$0.64||$2.36 billion||$2.06 billion||View||N/A|
|5/1/2014||Q114||$0.48||$0.78||$2.21 billion||$2.35 billion||View||Listen|
|2/13/2014||Q413||$0.43||$0.70||$1.96 billion||$2.16 billion||View||N/A|
|8/1/2013||Q2 2013||$0.15||$0.01||$1.72 billion||$1.44 billion||View||N/A|
|5/3/2013||Q1 2013||$0.18||$0.16||$1.66 billion||$1.40 billion||View||N/A|
|2/14/2013||Q4 2012||$0.26||$0.14||$1.62 billion||$1.53 billion||View||N/A|
Earnings Estimates for Targa Resources Partners LP (NYSE:NGLS)
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Targa Resources Partners LP (NYSE:NGLS)
|Most Recent Dividend:||2/9/2016|
|Dividend Growth:||-33.70% (3 Year Average)|
|Payout Ratio:||0.00% (Based on This Year's Estimates)|
0.00% (Based on Next Year's Estimates)
|Track Record:||7 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Targa Resources Partners LP (NYSE:NGLS)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Targa Resources Partners LP (NYSE:NGLS)Insider Trades by Quarter for Targa Resources Partners LP (NYSE:NGLS)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|2/21/2013||Ruth Dreessen||Director||Buy||3,000||$40.50||$121,500.00|| |
|2/20/2013||Paul W Chung||EVP||Buy||7,500||$41.14||$308,550.00|| |
Headline Trends for Targa Resources Partners LP (NYSE:NGLS)
Latest Headlines for Targa Resources Partners LP (NYSE:NGLS)
Targa Resources Partners LP (NGLS) Chart for Sunday, May, 28, 2017