Targa Resources logo

TRGP - Targa Resources News Story

$33.34 0.5  1.5%

Last Trade - 15/04/21

Sector
Energy
Size
Large Cap
Market Cap £5.45bn
Enterprise Value £12.81bn
Revenue £6.00bn
Position in Universe 1102nd / 6854

BRIEF-Targa Resources Corp Reports Q4 And FY20 Financial Results And Provides 2021 Operational And Financial Outlook

Thu 18th February, 2021 1:06pm
Feb 18 (Reuters) - Targa Resources Corp  TRGP.N :
    * . REPORTS FOURTH QUARTER AND FULL YEAR 2020 FINANCIAL
RESULTS
AND PROVIDES 2021 OPERATIONAL AND FINANCIAL OUTLOOK
    * QTRLY TOTAL REVENUE WAS $2,572.8 MILLION, UP 4%
    * QTRLY NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS $0.8
    * TARGA RESOURCES -2021 EXPECTATIONS WERE DEVELOPED IN
ADVANCE OF
IMPACTS OF SEVERE WINTER WEATHER CURRENTLY BEING EXPERIENCED
ACROSS ITS OPERATIONS
    * EXPECTS APPROXIMATELY 85 PERCENT OF ITS MARGIN TO BE
FEE-BASED
IN 2021
    * ESTIMATE FOR 2021 NET GROWTH CAPITAL EXPENDITURES IS
BETWEEN
$350 MILLION TO $450 MILLION
    * NET MAINTENANCE CAPITAL EXPENDITURES FOR 2021 ARE
ESTIMATED TO
BE APPROXIMATELY $130 MILLION
    * FOR 2021, TARGA ESTIMATES FULL YEAR ADJUSTED EBITDA TO BE
BETWEEN $1,675 MILLION AND $1,775 MILLION
    * Q4 EARNINGS PER SHARE VIEW $0.25, REVENUE VIEW $2.22
BILLION --
REFINITIV IBES DATA

Source text for Eikon:  ID:nGNX1l52t2 
Further company coverage:  TRGP.N 

 ((Reuters.Briefs@thomsonreuters.com;))
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.