Vmbook Online ordering

Targa Resources Partners Lp

Targa Resources Partners LP is a publicly traded limited partnership focused on the gathering, compression, processing, and marketing of natural gas; the transportation of natural gas by pipeline; and the storage of natural gas, condensate, and crude oil.

The firm was founded in 2006 and is based in Houston, Texas. It offers services in the Permian Basin in West Texas and Southeast New Mexico; the Viking area in Northern Louisiana; the Eagle Ford Shale in South Texas; the Barnett Shale in North Texas; and the Haynesville Shale in North Louisiana.

As of December 2020, Targa has over 14,500 miles of natural gas pipelines across the Permian Basin, the Anadarko Basin, the Barnett Shale, and the Viking Area. They operate 29 natural gas processing plants with a combined processing capacity of over 8 billion cubic feet per day. Targa formed a Joint venture, Grand Prix, to transport crude oil, condensate, and produced water from the Permian Basin and serves saltwater disposal facilities in North Dakota.

In August 2022, Targa Resources Corp, the general partner of Targa Resources Partners, LP, announced it had entered into an agreement to sell a 25% equity interest in its international subsidiary, Targa Badlands LLC, to funds managed by Ares Management LLC. Targa received $400 million of proceeds

Targa Resources Partners LP, (Targa Resources) [NYSE: NGLS] is a Delaware master limited partnership that is traded on the NYSE under the ticker symbol "NGLS." With a market capitalization of $10.68 billion USD, the company has a PE ratio of 5.08. As of August 27, 2th, the last stock price was $33.49, and there were 307,849,600 shares outstanding.

In terms of financial metrics, the trailing 12-month revenue is $14.69 billion, and the TTM revenue growth is 31.20%. The net income for the same period is $734 million, with a net profit margin of 46.6%. The ROCE (Return on Capital Employed) is 13.39%, and the current ratio is 0.66. The dividend yield is 4.05%, with a 5-year annual dividend growth rate of 19.47%.

Targa Resources Partners LP is regarded as a strong buy by analysts, with a consensus price target of $43.50, which represents a 30.39% upside. This is based on two "buy" ratings and one "hold" rating.

Wall Street analysts have positive expectations for the company because of the partnership's growing profitability, steady cash flow, and recent expansion through the acquisition of Premier Meg terminals.

It is essential to conduct thorough research and due diligence to understand the company's financial health and market trends before making any investment decisions regarding Targa Resources Partners LP.