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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