Targa Resources Corp
Change company Symbol lookup
Select an option...
TRGP Targa Resources Corp
GRPN Groupon Inc
CUK Carnival PLC
MSFT Microsoft Corp
GDMK Global Diversified Marketing Group Inc
HAFG Holistic Asset Finance Group Co Ltd
NFLX Netflix Inc
REGI Renewable Energy Group Inc
LNDC Landec Corp
FSLY Fastly Inc
Go

Energy : Oil, Gas & Consumable Fuels | Mid Cap Value
Company profile

Targa Resources Corp. is a midstream energy company in North America. It provides midstream services. Its segments include Gathering and Processing, and Logistics and Marketing (Downstream Business). It is engaged in the business of gathering, compressing, treating, processing and selling natural gas; storing, fractionating, treating, transporting and selling natural gas liquids (NGLs) and NGL products, including services to liquefied petroleum gas exporters; gathering, storing and terminalling crude oil, and storing, terminalling and selling refined petroleum products. The Gathering and Processing segment consists of gathering, compressing, dehydrating, treating, conditioning, processing, and marketing natural gas and gathering crude oil. The Logistics and Marketing segment includes all the activities necessary to convert mixed NGLs into NGL products and provides certain services, such as storing, fractionating, terminalling, transporting and marketing of NGLs and NGL products.

Closing Price
$19.61
Day's Change
-0.83 (-4.06%)
Bid
--
Ask
--
B/A Size
--
Day's High
21.09
Day's Low
19.54
Volume
(Heavy Day)
Volume:
4,125,540

10-day average volume:
2,443,783
4,125,540

Targa NGL Pipeline Company Launches Open Season

7:00 am ET July 1, 2020 (Globe Newswire) Print

Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that Targa NGL Pipeline Company LLC ("Targa NGL Pipeline"), a wholly owned subsidiary of the Company, has launched an open season commencing July 1, 2020 and closing July 31, 2020 to gauge shipper interest in committed interstate transportation service for natural gas liquids ("NGLs") from a planned interconnection with upstream pipeline facilities in Kingfisher County, Oklahoma to Mont Belvieu, Texas. As announced in February 2019, Targa NGL Pipeline is currently developing an approximately 110-mile extension of Targa's existing Grand Prix pipeline system to the new Kingfisher County interconnection where it will connect with Williams' new Bluestem Pipeline.

This open season will provide an opportunity for shippers to secure firm capacity for NGL transportation subject to the terms of their transportation service agreements ("TSAs"). The final volume of capacity for both committed and uncommitted service on the project will be determined by Targa in part based on the results of this open season.

It is recommended that interested potential shippers submit signed NDAs on or before 5:00 p.m. Central Standard Time, July 6, 2020, to give those shippers adequate time to evaluate the open season documents. Please visit Targa's online Tariff Directory to view the Open Season Notice and download a copy of the NDA. Inquiries about the Open Season or this notice should be directed to:

Bill Grantham

VP Operations

Targa NGL Pipeline Company LLC

811 Louisiana Street, Suite 2100

Houston, TX 77002-1400

bgrantham@targaresources.com

About Targa Resources Corp.

Targa Resources Corp. is a leading provider of midstream services and is one of the largest independent midstream energy companies in North America. Targa owns, operates, acquires, and develops a diversified portfolio of complementary midstream energy assets. The Company is primarily engaged in the business of: gathering, compressing, treating, processing, and selling natural gas; transporting, storing, fractionating, treating, and selling NGLs and NGL products, including services to LPG exporters; and gathering, storing, terminaling, and selling crude oil.

For more information, please visit the Company's website at www.targaresources.com.

Forward-Looking Statements

Certain statements in this release are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included in this release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future, are forward-looking statements. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties, factors and risks, many of which are outside the Company's control, which could cause results to differ materially from those expected by management of the Company. Such risks and uncertainties include, but are not limited to, weather, political, economic and market conditions, including a decline in the price and market demand for natural gas, natural gas liquids and crude oil, the impact of pandemics such as COVID-19, actions by the Organization of the Petroleum Exporting Countries ("OPEC") and non-OPEC oil producing countries, the timing and success of business development efforts, and other uncertainties. These and other applicable uncertainties, factors and risks are described more fully in the Company's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2019, and any subsequently filed Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. The Company does not undertake an obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Contact the Company's investor relations department by email at InvestorRelations@targaresources.com or by phone at (713) 584-1133.

Sanjay Lad

Senior Director, Finance & Investor Relations

Jennifer Kneale

Chief Financial Officer

https://ml.globenewswire.com/media/4adbb0ec-38d0-43ea-8650-c8ebf185d0be/small/targa-jpg.jpg

comtex tracking

Earnings Calendar and Events Data provided by |Terms of Use| © 2020 Wall Street Horizon, Inc.

Market data accompanied by is delayed by at least 15 minutes for NASDAQ, NYSE MKT, NYSE, and options. Duration of the delay for other exchanges varies.
Market data and information provided by Morningstar.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.
Please read Characteristics and Risks of Standard Options before investing in options.

Information and news provided by ,, , Computrade Systems, Inc., , and

Copyright © 2020. All rights reserved.