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Targa Resources Corp. (TRGP)
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Targa Resources Partners LP and Targa Resources Corp. report first quarter 2013 financial results
OilVoice  May 3  Comment 
Targa Resources Partners LP NYSENGLS and Targa Resources Corp. NYSETRGP reported first quarter 2013 results. First quarter 2013 net income attributable to Targa Resources Partners was 38.9 mill
Targa Resources announces first quarter 2013 dividend and distribution
OilVoice  Apr 17  Comment 
Targa Resources Corp. NYSETRGP and Targa Resources Partners LP NYSENGLS announced their respective quarterly dividend and distribution for the first quarter of 2013. Targa Resources Corp. annou
Targa Resources Corp. (TRGP) Raises Quarterly Dividend 8.2% to $0.4950; 3% Yield
StreetInsider.com  Apr 16  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Dividends/Targa+Resources+Corp.+%28TRGP%29+Raises+Quarterly+Dividend+8.2%25+to+%240.4950%3B+3%25+Yield/8257478.html for the full story.
Targa Resources Reports Q1 Dividend, Distribution
Benzinga  Apr 16  Comment 
Targa Resources Corp. ("TRC" or the "Company") (NYSE: TRGP) and Targa Resources Partners LP ("Targa Resources Partners" or the "Partnership") (NYSE: NGLS) announced their respective quarterly dividend and distribution for the first quarter of...
Analyst Moves: THC, TRGP
Forbes  Apr 12  Comment 
Tenet Healthcare (THC) was downgraded by Deutsche Bank (DB) from buy to hold as the sector is up by an average of 67% over the last year, and the current stock price does not provide investors with a good entry point.
Analyst Moves: THC, TRGP
Forbes  Apr 10  Comment 
Tenet Healthcare (THC) was downgraded by Deutsche Bank (DB) from buy to hold as the sector is up by an average of 67% over the last year, and the current stock price does not provide investors with a good entry point.
UPDATE: Morgan Stanley Downgrades Targa Resources to Equal-Weight on More Balanced Risk/Reward
Benzinga  Apr 10  Comment 
In a report published Wednesday, Morgan Stanley analyst Stephen J. Maresca downgraded the rating on Targa Resources Corp. (NYSE: TRGP) from Overweight to Equal-Weight, but raised the price target from $68.00 to $70.00. In the report, Maresca...
UPDATE: J.P. Morgan Reiterates Overweight Rating, Raises PT on Targa Resources Corp. on Peer Leading Dividend Growth Capacity
Benzinga  Feb 15  Comment 
In a report published Friday, J.P. Morgan reiterated its Overweight rating on Targa Resources Corp. (NYSE: TRGP), and raised its price target from $62.00 to $65.00. J.P. Morgan noted, “We rate TRGP OW with a $65/share price target. Targa...
Free Research Report on EZchip Semiconductor Ltd., The Fresh Market, Inc., Cloud Peak Energy Inc., Macquarie Infrastructure Company LLC and Targa Resources Corp.
Cloud Computing  Feb 15  Comment 
Today, Traders Insight announced new research reports highlighting EZchip Semiconductor Ltd. (NASDAQ: EZCH), The Fresh Market, Inc. (NASDAQ: TFM), Cloud Peak Energy Inc. (NYSE: CLD), Macquarie Infrastructure Company LLC (NYSE: MIC) and Targa...
Tudor Pickering Upgrades Targa Resources (TRGP) to Buy
StreetInsider.com  Nov 16  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Upgrades/Tudor+Pickering+Upgrades+Targa+Resources+%28TRGP%29+to+Buy/7886141.html for the full story.




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 This company completed an initial public offering (IPO) of its stock in 2010. View articles that reference this company.
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Sr. Director
Remi Cossart

Targa Resources Corp (NYSE:TRGP) owns general partner and limited partner interests in Targa Resources Partners LP (NGLS), a midstream natural gas company. Targa Resources Partners operates in the United States and gathers, compresses, processes, and sells natural gas and Liquefied Natural Gas (LNG). Targa Resources owns a 2% general partner interest, all of the incentive distribution rights (IDRs), and a 15.1% limited partnership interest in Targa Resources Partners.[1]

The company plans to create value by helping Targa Resources Partners through capital injections, loan extensions, or by acquiring candidates for the Partnership to acquire. Targa Resources Corp generates money through its IDRs and general partner interests. Targa Resources is entitled to 2% of all cash until $.3881/share has been distributed, 15% of all cash after $.3881/share, 25% after $.4219/share, and 50% of all cash after $.50625/share.[2]

The company's initial public offering of stock on the NYSE occurred on December 6, 2010. The company offered 16.4M shares each for $22. This was above the company's initial price range $19-$21, and was also an increase in the original deal size of 13.8M. The IPO raised $360M for the company.[3]

The company's revenues in 2009 fell to $4.5B from $8B, or a 43% drop. Net income also fell to $79.1M from $134.4M or a 415 drop. [4]


References

  1. ↑ TRGP S-1/A 2010 SUMMARY "Targa Resources Corp" pg 1
  2. ↑ TRGP S-1/A 2010 SUMMARY "Targa Resources Corp" pg 1-2
  3. ↑ Renaissance Capital - IPO Home "Targa Resources prices IPO at $22, above the range" 6 Dec 2010
  4. ↑ TRGP S-1/A 2010 SUMMARY "Summary Historical and Pro Forma Financial and Operating Data" pg 20
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