Targa Resources (TRGP) Reports Q3 Revenues Beat

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Targa Resources Corp. Reports Third Quarter 2018 Financial Results and Provides Update on Growth Projects, Financing and Longer-Term Outlook

November 8, 2018 6:00 AM EST

HOUSTON, Nov. 08, 2018 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) (TRC, the Company or Targa) today reported third quarter 2018 results.

Third Quarter 2018 Financial Results 

Third quarter 2018 net loss attributable to Targa Resources Corp. was ($23.7) million compared to ($167.6) million for the third quarter of 2017.

The Company reported record quarterly earnings before interest, income taxes, depreciation and amortization, and other non-cash items (Adjusted EBITDA) of $358.0 million for the third quarter of 2018 compared to $276.5 million for the third quarter of 2017 (see the section of this release entitled... More