Operational Updates | Quarterly / Earnings Reports | Capital Markets | Private Equity Activity
Targa Reports Increased Fractionation, Oil Export Capacity Paying Off
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Targa Resources Partners LP and Targa Resources Corp. have reported third quarter 2013 results.
Third quarter 2013 net income attributable to Targa Resources Partners was $59.7 million compared to $24.2 million for the third quarter of 2012. Net income per diluted limited partner unit was $0.30 in the third quarter of 2013 compared to $0.08 for the third quarter of 2012. The Partnership reported earnings before interest, income taxes, depreciation and amortization and other non-cash items ("Adjusted EBITDA") of $155.9 million for the third quarter of 2013 compared to $116.2 million for the third quarter of 2012.
Joe Bob Perkins, Chief Executive Officer of the general partner of the Partnership and of Targa Resources Corp. said, "We commissioned two large expansion programs this quarter…
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