Targa Resources (TRGP) Reports Q4 Revenues Below Consensus
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Targa Resources Corp. Reports Fourth Quarter and Full Year 2018 Financial Results and Provides 2019 Operational and Financial Guidance
February 20, 2019 6:01 AM ESTHOUSTON, Feb. 20, 2019 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) (TRC, the Company or Targa) today reported fourth quarter and full year 2018 results.
Fourth Quarter and Full Year 2018 Financial Results
Fourth quarter 2018 net income (loss) attributable to Targa Resources Corp. was ($106.4) million compared to $283.1 million for the fourth quarter of 2017. The fourth quarter of 2018 included a pre-tax non-cash loss of $210.0 million from the impairment of goodwill. For the full year 2018, net income attributable to Targa Resources Corp. was $1.6 million compared to $54.0 million for 2017.
The Company... More
