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Targa Resources Partners Lp  (NGLS)
Other Ticker:  
 
    Sector  Utilities    Industry Natural Gas Utilities
   Industry Natural Gas Utilities
   Sector  Utilities
 
Price: $0.0000 $0.00 %
Day's High: 0.00 Week Perf:
Day's Low: $ 0.00 30 Day Perf:
Volume (M): 0 52 Wk High: $ 0.00
Volume (M$): $ 0 52 Wk Avg: $0.00
Open: $0.00 52 Wk Low: $0.00



 Market Capitalization (Millions $) -
 Shares Outstanding (Millions) -
 Employees 2,500
 Revenues (TTM) (Millions $) 8,260
 Net Income (TTM) (Millions $) -1,545
 Cash Flow (TTM) (Millions $) -60
 Capital Exp. (TTM) (Millions $) 952

Targa Resources Partners Lp
Targa Resources Partners LP is a leading provider of midstream energy services in North America. The company is based out of Houston, Texas and operates through two business segments: Gathering and Processing, and Logistics and Marketing.

Under the Gathering and Processing segment, Targa Resources Partners LP provides gathering, compressing, treating and processing services for natural gas, crude oil and natural gas liquids (NGLs). It operates a network of natural gas gathering and processing assets, including over 25,000 miles of gathering pipelines and over 2 Bcf/d of processing capacity.

The Logistics and Marketing segment operates a network of railcars, barges, trucks, pipelines and storage facilities to transport and store crude oil, petroleum products and NGLs. The segment is also responsible for providing wholesale distributive services, which include the purchase, storage, sale and distribution of refined petroleum products.

Targa Resources Partners LP provides its services to producers and end-users in various energy segments, including exploration and production companies, refineries, chemical and petrochemical plants, and wholesale distributors.

The company has strategic partnerships with major oil and gas companies, including ExxonMobil, EOG Resources, Chesapeake Energy and ConocoPhillips. It operates in major energy-producing regions in the United States, including the Permian Basin, Eagle Ford Shale and the Bakken Formation.

Targa Resources Partners LP has a strong financial position, with a market capitalization of over $3 billion and over $3 billion in total assets. The company's revenues have grown steadily over the past few years, and it reported revenues of over $7 billion in 2019.

In terms of sustainability, Targa Resources Partners LP has committed to reducing its environmental footprint by implementing emissions-reducing technologies and minimizing water usage. The company also engages in social responsibility efforts, including community outreach and charitable initiatives.

Overall, Targa Resources Partners LP is a leading midstream energy company with a focus on providing reliable and efficient energy services to its customers.


   Company Address: 811 Louisiana Street Houston 77002 TX
   Company Phone Number: 584-1000   Stock Exchange / Ticker: NGLS
   


   

Stock Performances by Major Competitors

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Brookfield Infrastructure Corporation

Brookfield Infrastructure Corporation Sees Impressive Revenue Growth Amidst Industry Decline

Financial News Report:
Brookfield Infrastructure Corporation (BIPC) has recently released its financial results for the October to December 31, 2023 time-frame. During this period, BIPC reported zero gain, with no change in earnings per share compared to the previous year and the previous reporting period. This stagnant performance comes as a surprise to many, given that the Natural Gas Utilities industry, on average, experienced a decline of -16.10% in business.
However, BIPC's revenue witnessed a significant jump of 32.715%, reaching $2.50 billion compared to $1.89 billion in the same period a year prior. Sequentially, the revenue growth has been remarkable, as it increased from $0.00 million. This revenue growth is admirable, considering the challenging market conditions faced by the Natural Gas Utilities sector.

Opal Fuels Inc

Opal Fuels Inc Overcomes Challenges to Achieve Impressive Turnaround in 2023

Opal Fuels Inc, a natural gas utilities company, had an impressive turnaround in the fourth quarter of 2023. The company reported earnings per share (EPS) of $0.10, a significant improvement compared to the loss of $0.17 per share in the previous year. Additionally, their income per share turned positive from a loss of $0.01 per share in the previous reporting period.
However, the company experienced a decline in revenue, with a decrease of 48.51% to $87.01 million from $168.98 million in the same period the year before. Nevertheless, there was a positive sequential improvement in revenue, showing a 22.372% increase from $71.10 million.

Summit Midstream Partners Lp

Revenue Surges for Summit Midstream Partners LP, But Profitability Elusive in Q4 2023

Financial News Report:
Summit Midstream Partners LP Posts Loss in Q4 2023, But Revenue Surges by 48.523%
Houston, March 15, 2024 - Summit Midstream Partners LP (NYSE: SMLP) reported a loss per stock at $-2.07 per share in the financial time-frame closing on December 31, 2023. This was a significant improvement from the prior quarter, where the company realized a loss per share of $-0.27. However, despite the loss, SMLP saw a surge in revenue of 48.523% to $127.32 million from the corresponding quarter a year prior. This top-line growth sets SMLP apart from the rest of the Natural Gas Utilities industries, which experienced a decline of -16.03% in revenue.
In the fourth quarter of 2023, Summit Midstream Partners LP reported a net loss of $-15.118 million, compared to a deficit of $-23.864 million in the same quarter of the previous year. Operating earnings fell by -12.17% to $62.28 million, resulting in a decrease in the partnership's operating margin from 82.72% in Q4 2022 to 48.92% in Q4 2023.

Nextdecade Corporation

NextDecade Corporation's Commitment to Sustainable LNG Development Shines Through Despite Fourth Quarter Numbers

NextDecade Corporation has been making significant strides in advancing LNG development for a sustainable future. The company's focus on constructing Phase 1 at the Rio Grande LNG Facility in Brownsville, Texas is a key component of their strategy to meet the growing global demand for clean energy. By leveraging natural gas resources in the Permian Basin and Eagle Ford Shale, NextDecade is committed to providing environmentally friendly energy solutions.
Despite reporting an operating loss in the fourth quarter of 2023, NextDecade Corporation remains focused on achieving long-term value for its shareholders. The company is dedicated to efficiently executing its business strategy and staying on track with its construction timelines at the Rio Grande LNG Facility. While there may be challenges along the way, NextDecade is determined to contribute to building a sustainable future through their LNG infrastructure development.

Stabilis Solutions Inc

SLNG Faces Unpleasant -29.001% Revenue Slump in Most Recent Fiscal Period

Financial News Report:
Stabilis Solutions Inc Achieves Surplus in Financial Year End December 2023
In the financial year ending December 31, 2023, Stabilis Solutions Inc (SLNG) has successfully turned its financials around, posting a surplus and improving its earnings per share (EPS). SLNG reported an EPS of $0.08 per share, a significant improvement from the previous year's EPS of $-0.01. Additionally, the company's earnings per share turned positive, moving from $-0.01 per share in the previous reporting season.
However, SLNG's revenue experienced a decline of -29.001% to $17.83 million from the $25.11 million recorded in the same reporting season a year earlier. Despite this decrease, the company managed to sequentially improve its revenue by 18.48% from $15.05 million.






 

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