Targa Resources Corp
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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

Cushing(R) Asset Management and Swank Capital Announce Rebalancing of the Cushing(R) MLP High Income Index

9:02 am ET July 2, 2020 (PR Newswire) Print

Cushing(R) Asset Management, LP, and Swank Capital, LLC, announce today the upcoming rebalancing of The Cushing(R) MLP High Income Index (the "Index") as part of normal index operations. After the markets close on July 10, 2020, the 30 constituents of the Index will be rebalanced, and the following changes will become effective on July 12, 2020:

Constituents added:Noble Midstream Partners LP (NASDAQ: NBLX)Delek Logistics Partners, LP (NYSE: DKL)PBF Logistics LP (NYSE: PBFX)Black Stone Minerals, L.P. (NYSE: BSM)

Constituents removed:Targa Resources Corp. (NYSE: TRGP)Enviva Partners, LP (NYSE: EVA)Cheniere Energy, Inc. (NYSE: LNG)KNOT Offshore Partners LP (NYSE: KNOP)

ABOUT THE CUSHING(R) MLP HIGH INCOME INDEX

The Cushing(R) MLP High Income Index provides a benchmark that is designed to track the performance of 30 higher-yielding publicly traded midstream energy infrastructure companies, including master limited partnerships (MLPs) and non-MLP energy midstream corporations (each, a "Midstream Company" and collectively, "Midstream Companies"). Constituents are chosen according to a three-tiered proprietary weighting system developed by Cushing(R) Asset Management, LP. The Cushing(R) MLP High Income Index is calculated by S&P Dow Jones Indices and reported on a real-time basis under the Bloomberg ticker "MLPY".

ABOUT CUSHING(R) ASSET MANAGEMENT AND SWANK CAPITAL

Cushing(R) Asset Management, LP ("Cushing"), a subsidiary of Swank Capital, LLC, is an SEC-registered investment adviser headquartered in Dallas, Texas. Cushing serves as investment adviser to affiliated funds and managed accounts, providing active management in markets where inefficiencies exist.

Cushing is also dedicated to serving the needs of MLP and energy income investors by sponsoring a variety of industry benchmarks, including The Cushing(R) 30 MLP Index (Bloomberg Ticker: MLPX) and The Cushing(R) MLP Market Cap Index (Bloomberg Ticker: CMCI). For more information, please visit http://www.cushingasset.com/indices.

For additional information contact:Jon Abel214-692-6334http://www.cushingasset.com

The Cushing(R) MLP High Income Index (the "Index") is the exclusive property of Swank Capital, LLC, and Cushing(R) Asset Management, LP, which have contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) ("S&P Dow Jones Indices") to maintain and calculate the Index. S&P(R) is a registered trademark of Standard & Poor's Financial Services LLC ("SPFS"); Dow Jones(R) is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"); and these trademarks have been licensed to S&P Dow Jones Indices. "Calculated by S&P Dow Jones Indices" and its related stylized mark(s) have been licensed for use by Cushing(R) Asset Management, LP. Neither S&P Dow Jones Indices, SPFS, Dow Jones S&P nor any of their affiliates sponsor and promote the Index and none shall be liable for any errors or omissions in calculating the Index.

https://c212.net/c/img/favicon.png?sn=DA52395&sd=2020-07-02

View original content:http://www.prnewswire.com/news-releases/cushing-asset-management-and-swank-capital-announce-rebalancing-of-the-cushing-mlp-high-income-index-301087435.html

SOURCE Cushing(R) Asset Management, LP and Swank Capital, LLC

https://rt.prnewswire.com/rt.gif?NewsItemId=DA52395&Transmission_Id=202007020902PR_NEWS_USPR_____DA52395&DateId=20200702

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