Targa Resources Corp. Development Joint Ventures February 6, 2018
Targas Significant Visibility to Long-Term Growth Integrated Midstream Platform Connects Lowest Cost Supply Growth to Key Demand Markets Greater than 2 million acres dedicated across the Midland and Largest Permian Delaware Basins…
Development Joint Ventures Overview & Key Terms On February 6th, Targa announced the formation of 1.1 billion(1) of development joint ventures (DevCo JVs) with Stonepeak Infrastructure Partners DevCo JV Assets Grand Prix DevCo 20%…
Development Joint Ventures Benefits 1.1(1) Billion of Development Joint Ventures Significantly Reduce Equity Needs For 2018 and 2019 No dilution to Targas existing shareholders and does not reduce dividend coverage during…
Executing on 2018 Equity Financing Significant progress made already in 2018 to finance growth capital program underway and add incremental value through alignment with key strategic partners Executed DevCo JVs secure attractive…
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…
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…
Supplemental Information
Development Joint Ventures Structure Grand Prix DevCo JV owns a 20% interest in Targas Grand Prix NGL Pipeline GCX DevCo JV owns Targas 25% interest in the Gulf Coast Express Pipeline Frac Train DevCo JV will own a 100% interest in…
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