Targa Resources (TRGP) Q2 Revenue Misses Consensus

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Targa Resources Corp. Reports Second Quarter 2019 Financial Results and Announces Grand Prix NGL Pipeline is Fully In-Service to Mont Belvieu

August 8, 2019 6:30 AM EDT

HOUSTON, Aug. 08, 2019 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) (TRC, the Company or Targa) today reported second quarter 2019 results.

Second Quarter 2019 Financial Results

Second quarter 2019 net income (loss) attributable to Targa Resources Corp. was ($10.2) million compared to $109.1 million for the second quarter of 2018.

The Company reported quarterly earnings before interest, income taxes, depreciation and amortization, and other non-cash items (Adjusted EBITDA) of $306.5 million for the second quarter of 2019 compared to $315.2 million for the second quarter of 2018 (see the section of this release entitled Targa Resources... More