Targa Resources (TRGP) Reports Q1 Revenues Above Consensus

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Go back to Targa Resources (TRGP) Reports Q1 Revenues Above Consensus

Targa Resources Corp. Reports First Quarter 2021 Financial Results and Increases 2021 Financial Outlook

May 6, 2021 6:00 AM EDT

HOUSTON, May 06, 2021 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) (TRC, the Company or Targa) today reported first quarter 2021 results.

First Quarter 2021 Financial Results

First quarter 2021 net income attributable to Targa Resources Corp. was $146.4 million compared to a net loss of ($1,737.8) million for the first quarter of 2020. The net loss in the first quarter of 2020 was primarily related to the non-cash pre-tax impairment loss of $2,442.8 million associated with the Companys long-lived assets.

The Company reported adjusted earnings before interest, income taxes, depreciation and... More