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Stifel Upgrades Targa Resources (TRGP) to Buy

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Targa Resources Corp. Reports Third Quarter 2016 Financial Results

November 2, 2016 7:01 AM EDT

HOUSTON, Nov. 02, 2016 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) (TRC, the Company or Targa) today reported third quarter 2016 results.

Third Quarter 2016 Financial Results

Third quarter 2016 net income (loss) attributable to Targa Resources Corp. was ($10.7) million compared to $12.7 million for the third quarter of 2015.

The Company reported earnings before interest, income taxes, depreciation and amortization, and other non-cash items (Adjusted EBITDA) of $245.3 million for the third quarter of 2016 compared to... More