Targa Resources (TRGP) Reports Q2 Revenues Miss

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Targa Resources Corp. Reports Second Quarter 2020 Financial Results

August 6, 2020 6:00 AM EDT

HOUSTON, Aug. 06, 2020 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) (TRC, the Company or Targa) today reported second quarter 2020 results.

Second Quarter 2020 Financial Results

Second quarter 2020 net income (loss) attributable to Targa Resources Corp. was $81.0 million compared to a net loss of $(10.2) million for the second quarter of 2019.

The Company reported quarterly earnings before interest, income taxes, depreciation and amortization, and other non-cash items (Adjusted EBITDA) of $351.2 million for the second quarter of 2020 compared to $306.5 million for the second quarter of 2019 (see the section of this... More