Targa Resources (TRGP) Reports Q4 Revenues Miss

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Go back to Targa Resources (TRGP) Reports Q4 Revenues Miss

Targa Resources Corp. Reports Fourth Quarter and Full Year 2019 Financial Results and Provides 2020 Operational and Financial Outlook

February 20, 2020 6:00 AM EST

HOUSTON, Feb. 20, 2020 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) (TRC, the Company or Targa) today reported fourth quarter and full year 2019 results.

Fourth Quarter and Full Year 2019 Financial Results

Fourth quarter 2019 net income (loss) attributable to Targa Resources Corp. was ($112.8) million compared to ($106.4) million for the fourth quarter of 2018. The fourth quarter of 2019 included a pre-tax non-cash loss of $229.0 million from the impairment of property, plant and equipment from a continuing decline in natural gas production across the Barnett Shale in North... More