Targa Resources Partners LP and Targa Resources Corp. Report Third Quarter 2015 Financial Results

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Targa Resources (TRGP) Misses Q3 EPS Views

November 3, 2015 7:19 AM EST

Targa Resources (NYSE: TRGP) reported Q3 EPS of $0.23, $0.35 worse than the analyst estimate of $0.58.

For earnings history and earnings-related data on Targa Resources (TRGP) click here.

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Targa Resources Partners (NGLS) Misses Q3 EPS by 8c

November 3, 2015 7:17 AM EST

Targa Resources Partners (NYSE: NGLS) reported Q3 EPS of $0.02, $0.08 worse than the analyst estimate of $0.10. Revenue for the quarter came in at $1.63 billion versus the consensus estimate of $1.76 billion.

For earnings history and earnings-related data on Targa Resources Partners (NGLS) click here.

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Targa Resources (TRGP) to Acquire Remaining Targa Resources Partners (NGLS) Shares

November 3, 2015 7:15 AM EST

Targa Resources (NYSE: TRGP) and Targa Resources Partners LP (NYSE: NGLS) announced that TRC will acquire all of the outstanding common units of the Partnership not already owned by TRC in an all stock-for-unit transaction at a ratio of 0.62 TRC common shares per common unit of Targa Resources Partners. The implied TRP unit price represents an 18% premium to its volume-weighted average price during the 10 trading days ending November 2, 2015.

Following this transaction, TRC expects dividend growth of 15% for 2016 and greater than 10% compound annual dividend growth through 2018,... More