Targa Resources Corp. (TRGP) Tops Q2 EPS by 2c

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Targa Resources Partners LP and Targa Resources Corp. Report Second Quarter 2014 Financial Results, Update Outlook and Announce Management Changes

August 1, 2014 7:01 AM EDT

HOUSTON, Aug. 1, 2014 (GLOBE NEWSWIRE) -- Targa Resources Partners LP (NYSE: NGLS) ("Targa Resources Partners" or the "Partnership") and Targa Resources Corp. (NYSE: TRGP) ("TRC" or the "Company") today reported second quarter 2014 results. Second quarter 2014 net income attributable to Targa Resources Partners was $108.8 million compared to $26.3 million for the second quarter of 2013. Net income per diluted limited partner unit was $0.64 in the second quarter of 2014 compared to $0.01 for the second quarter of 2013. The Partnership reported earnings before interest, income taxes, depreciation and amortization and other non-cash items ("Adjusted EBITDA") of... More