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MI - Targa growing pains extend into third straight net loss - May 2019

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Targa Resources posted its third consecutive quarterly net loss in Q1 as the company’s current financial results struggle with its ambitious growth program. The company has $3 billion in projects that should go into service this year including the Grand Prix NGL pipeline, 500 MMcf/d of processing in the Permian Basin, 200 MMcf/d of processing in the Badlands and the Train 6 fractionator in Mont Belvieu, Texas, that is in start-up now. Targa also spent $107 million in cash in Q1, spending $943 million on capex, but Targa......
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