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3Q 2018 Earnings – Targa Resources Corp.

Targa Resources Corp. · Nov 8, 2018 · 13 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. 3Q 2018 Earnings – Targa Resources Corp. – slide 1
    Targa Resources Corp. Third Quarter 2018 Earnings Supplement November 8, 2018
  2. 3Q 2018 Earnings – Targa Resources Corp. – slide 2
    Strategic Update Targas recent capital investments and related commercial execution are providing significant operating leverage and record financial performance Targa is on-track to bring on-line a substantial portion of its growth…
  3. 3Q 2018 Earnings – Targa Resources Corp. – slide 3
    Business Mix, Diversity and Fee-Based Margin Business Mix Segment Operating Margin(1) Downstream Field Gathering & Processing Operating Margin Q3 2018(1) Operating Margin Q3 2018(1) 100% 100% 75% 75% 65% 50% 50% 35% 25%…
  4. 3Q 2018 Earnings – Targa Resources Corp. – slide 4
    Operational Performance G&P Segment 3Q18 Highlights: Field G&P Natural Gas Inlet Volumes and NGL Production Field G&P Natural Gas Inlet 3,500 450 6% sequential increase in Permian volumes 3,000 400 NGL Production (MBbl/d)…
  5. 3Q 2018 Earnings – Targa Resources Corp. – slide 5
    Operational Performance Downstream Segment 3Q18 Highlights: Targa Fractionation Volumes 500 Fractionation 450 455 Throughput (MBbls/d) 443 10% sequential increase in fractionation volumes 400 414 412 reflects growth in…
  6. 3Q 2018 Earnings – Targa Resources Corp. – slide 6
    Segment Operating Financial Performance Segment Performance Q3 2018 vs. Q3 2017 Variances Gathering & Processing segment operating margin increased 57.0 million + Higher Permian volumes + Higher Badlands, SouthOK, SouthTX and…
  7. 3Q 2018 Earnings – Targa Resources Corp. – slide 7
    Segment Operating Financial Performance Segment Performance Q3 2018 vs. Q2 2018 Variances Gathering & Processing segment operating margin increased 13.1 million + Higher Permian volumes + Higher Badlands, SouthOK, WestOK and…
  8. 3Q 2018 Earnings – Targa Resources Corp. – slide 8
    High Visibility to Rapidly Increasing EBITDA Given the strength of fundamentals across Targas areas of operation and a portfolio of attractive capital projects currently underway, Targa estimates significant year-over-year EBITDA…
  9. 3Q 2018 Earnings – Targa Resources Corp. – slide 9
    2018 Announced Net Growth Capex 2018E net growth capex based on announced projects after DevCo JVs estimated at 2.4 billion; 85% of total G&P capex focused on the Permian; 80%(1) of total project capex focused on the Permian Total Net…
  10. 3Q 2018 Earnings – Targa Resources Corp. – slide 10
    Financing Overview 1 billion raised YTD 2018 from successful multi-faceted financing strategy DevCo JVs announced in February 2018 reimbursed Targa for 190 million of capital already spent, and Stonepeak to fund 360 million of…
  11. 3Q 2018 Earnings – Targa Resources Corp. – slide 11
    Appendix targaresources.com NYSE: TRGP
  12. 3Q 2018 Earnings – Targa Resources Corp. – slide 12
    Non-GAAP Reconciliations Estimated 2019, 2020 and 2021 Adjusted EBITDA(1) The following table presents a reconciliation of Adjusted EBITDA for the periods shown for TRC: Year Ended December 31, Reconciliation of net income (loss)…
  13. 3Q 2018 Earnings – Targa Resources Corp. – slide 13
    Visit us at targaresources.com Contact Information: Email: InvestorRelationstargaresources.com Phone: (713) 584-1000 811 Louisiana Street Suite 2100 Houston, TX 77002

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