Skip to main content 4Q 2017 Earnings and 2018 Guidance – Targa Resources Corp. Investor Presentation | Shale Experts
Loading...
Pm

4Q 2017 Earnings and 2018 Guidance – Targa Resources Corp.

Targa Resources Corp. · Feb 15, 2018 · 15 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. 4Q 2017 Earnings and 2018 Guidance – Targa Resources Corp. – slide 1
    Targa Resources Corp. Fourth Quarter 2017 Earnings & 2018 Guidance Supplement February 15, 2018
  2. 4Q 2017 Earnings and 2018 Guidance – Targa Resources Corp. – slide 2
    Strategic Update and Recent Developments Attractive growth program underway will drive higher system volumes, translating into increasing EBITDA outlook Four new plants under construction will add an additional 710 MMcf/d of natural…
  3. 4Q 2017 Earnings and 2018 Guidance – Targa Resources Corp. – slide 3
    Business Mix, Diversity and Fee-Based Margin Business Mix Segment Operating Margin(1) Downstream Field Gathering & Processing Operating Margin Q4 2017(1) Operating Margin Q4 2017(1) 100% 100% 75% 75% 60% 50% 50% 40% 25%…
  4. 4Q 2017 Earnings and 2018 Guidance – Targa Resources Corp. – slide 4
    Operational Performance G&P Segment 4Q17 Highlights: Field G&P Natural Gas Inlet Volumes and NGL Production(1) Field G&P Natural Gas Inlet 3,500 400 4% sequential increase in Permian volumes reflects 3,000 350 NGL Production…
  5. 4Q 2017 Earnings and 2018 Guidance – Targa Resources Corp. – slide 5
    Operational Performance Downstream Segment 4Q17 Highlights: Targa Fractionation Volumes 500 Sequential increase in fractionation volumes reflects 450 Throughput (MBbls/d) growth in Field G&P volumes and greater ethane 400 443…
  6. 4Q 2017 Earnings and 2018 Guidance – Targa Resources Corp. – slide 6
    Operational Segment Operating Segment Performance Performance Q4 2017 vs. Q3 2017 Variances Gathering & Processing segment operating margin increased 36.1 million + Higher Permian, SouthTX, Badlands and SouthOK volumes + Higher…
  7. 4Q 2017 Earnings and 2018 Guidance – Targa Resources Corp. – slide 7
    2018 Operational and Financial Expectations
  8. 4Q 2017 Earnings and 2018 Guidance – Targa Resources Corp. – slide 8
    2018 Expectations and Long-Term Outlook Financial Expectations Long-Term ( in millions, unless otherwise noted) FY 2018E Outlook (1) Significant growth expected over time Adjusted EBITDA 1,225 - 1,325 +12% YoY increase as capital…
  9. 4Q 2017 Earnings and 2018 Guidance – Targa Resources Corp. – slide 9
    Longer-Term Financial Outlook Attractive projects and system expansions underway expected to drive increasing system volumes, translating into increasing EBITDA outlook Permian volume growth drives 85% of expected EBITDA growth over…
  10. 4Q 2017 Earnings and 2018 Guidance – Targa Resources Corp. – slide 10
    Business Mix, Diversity and Fee-Based Margin Business Mix Segment Operating Margin(1) Downstream Field Gathering & Processing Operating Margin 2018E(1) Operating Margin 2018E(1) 100% 100% 75% 75% 65% 50% 35% 50% 25% 25%…
  11. 4Q 2017 Earnings and 2018 Guidance – Targa Resources Corp. – slide 11
    2018 Announced Net Growth Capex 2018E net growth capex based on announced projects after DevCo JVs estimated at 1.6 billion Total Net 2018E Net Expected Primarily ( in millions) Location Capex Capex Completion Fee-Based 200 MMcf/d…
  12. 4Q 2017 Earnings and 2018 Guidance – Targa Resources Corp. – slide 12
    2018 Financing Overview 2018E net growth capex estimated at 1.6 billion (pro forma DevCo JVs), based on announced projects DevCo JVs provide approximately 550 million(1) of capital in 2018, reducing total net growth capex from 2…
  13. 4Q 2017 Earnings and 2018 Guidance – Targa Resources Corp. – slide 13
    Non-GAAP Reconciliation
  14. 4Q 2017 Earnings and 2018 Guidance – Targa Resources Corp. – slide 14
    Non-GAAP Reconciliation - 2018 Adjusted EBITDA Year Ended December 31, 2018 Reconciliation of net income (loss) attributable to Low Range High Range TRC to Adjusted EBITDA (In millions) Net income (loss) attributable to TRC 18.0…
  15. 4Q 2017 Earnings and 2018 Guidance – Targa Resources Corp. – slide 15
    Visit us at targaresources.com Contact Information: Email: InvestorRelationstargaresources.com Phone: (713) 584-1000 811 Louisiana Street Suite 2100 Houston, TX 77002

From the store

Browse maps, data & reports in the Shale Experts store