Targa Resources Partners LP is a Delaware limited partnership formed in October 2006 by our parent, Targa Resources Corp. (“Targa” or “TRC” or the “Company” or “Parent”), to own, operate, acquire and develop a diversified portfolio of complementary domestic midstream energy assets. On February 17, 2016, TRC completed the previously announced transactions contemplated by the Agreement and Plan of Merger (the “TRC/TRP Merger Agreement”), by and among us, Targa Resources GP LLC (our “general partner”), TRC and Spartan Merger Sub LLC, a subsidiary of TRC (“Merger Sub”) pursuant to which TRC acquired indirectly all of our outstanding common units that TRC and its subsidiaries did not already own. Upon the terms and conditions set forth in the Merger Agreement, Merger Sub merged with and into TRP (the “TRC/TRP Merger”), with TRP continuing as the surviving entity and as a subsidiary of TRC. As a result of the TRC/TRP Merger, TRC owns all of our outstanding common units.
Company profile
Ticker
NGLS-PA, NGLS-PA
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Allied CNG Ventures LLC • Carnero G&P LLC • Cayenne Pipeline, LLC • Cedar Bayou Fractionators, L.P. • Centrahoma Processing LLC • DEVCO Holdings LLC • Downstream Energy Ventures Co., L.L.C. • FCPP Pipeline, LLC • Flag City Processing Partners, LLC • Floridian Natural Gas Storage Company, LLC ...
IRS number
651295427
Latest filings (excl ownership)
424B5
Prospectus supplement for primary offering
8 Nov 23
424B5
Prospectus supplement for primary offering
6 Nov 23
POSASR
Automatic shelf registration (post-effective amendment)
6 Nov 23
424B5
Prospectus supplement for primary offering
5 Jan 23
424B5
Prospectus supplement for primary offering
3 Jan 23
424B5
Prospectus supplement for primary offering
24 Jun 22
424B5
Prospectus supplement for primary offering
22 Jun 22
POSASR
Automatic shelf registration (post-effective amendment)
22 Jun 22
424B5
Prospectus supplement for primary offering
25 Mar 22
424B5
Prospectus supplement for primary offering
23 Mar 22
Latest ownership filings
Financial summary
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Diluted EPS |
Annual (USD) | Dec 20 | Dec 19 | Dec 18 | Dec 17 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 231.30 mm | 231.30 mm | 231.30 mm | 231.30 mm | 231.30 mm | 231.30 mm |
Cash burn (monthly) | 5.57 mm | 4.98 mm | (no burn) | 110.45 mm | (no burn) | (no burn) |
Cash used (since last report) | 220.67 mm | 197.55 mm | n/a | 4.38 bn | n/a | n/a |
Cash remaining | 10.63 mm | 33.75 mm | n/a | -4.15 bn | n/a | n/a |
Runway (months of cash) | 1.9 | 6.8 | n/a | -37.5 | n/a | n/a |
Institutional ownership, Q1 2022
13F holders | Current |
---|---|
Total holders | 1 |
Opened positions | 1 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 232.00 k |
Total shares | 3.10 k |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Wilen Investment Management | 3.10 k | $232.00 k |