Targa Resources (TRGP) Reports Q4 Revenues Above Consensus

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Go back to Targa Resources (TRGP) Reports Q4 Revenues Above Consensus

Targa Resources Corp. Reports Fourth Quarter and Full Year 2020 Financial Results and Provides 2021 Operational and Financial Outlook

February 18, 2021 6:00 AM EST

HOUSTON, Feb. 18, 2021 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) (TRC, the Company or Targa) today reported fourth quarter and full year 2020 results.

Fourth Quarter and Full Year 2020 Financial Results

Fourth quarter 2020 net income (loss) attributable to Targa Resources Corp. was $33.6 million compared to ($112.8) million for the fourth quarter of 2019. In the fourth quarter of 2019, the Company recorded a non-cash pre-tax impairment charge of $225.3 million for the partial impairment of certain gas processing facilities and gathering systems associated with Targas Central and Coastal operations. For the full year... More