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Q2 2020 Earnings Presentation – Targa Resources Corp.

Targa Resources Corp. · Aug 6, 2020 · 12 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. Q2 2020 Earnings Presentation – Targa Resources Corp. – slide 1
    Targa Resources Corp. Second Quarter 2020 Earnings Supplement August 6, 2020
  2. Q2 2020 Earnings Presentation – Targa Resources Corp. – slide 2
    Strategic Update Remain focused on safeguarding employee health and safety and ensuring safe and reliable operations in response to COVID-19 Continue to remain proactive to protect our employees and ensure safe continuity of…
  3. Q2 2020 Earnings Presentation – Targa Resources Corp. – slide 3
    Operational Performance Gathering & Processing Segment 2Q20 Highlights: Field G&P Natural Gas Inlet Volumes and NGL Production Field G&P Natural Gas Inlet 4,500 600 4,000 Permian volumes -1% sequentially, despite temporary shut-ins…
  4. Q2 2020 Earnings Presentation – Targa Resources Corp. – slide 4
    Operational Performance Logistics & Transportation Segment Targa Pipeline Transportation and Fractionation Volumes 2Q20 Highlights: 700 400 Fractionation Volumes (MBbls/d) 597 625 Pipeline Throughput (MBbls/d) 579 NGL…
  5. Q2 2020 Earnings Presentation – Targa Resources Corp. – slide 5
    Financial Performance 2Q 2020 vs. 2Q 2019 Adjusted EBITDA Bridge 400 350 300 250 millions 200 150 100 50 0 2Q19 EBITDA G&P G&P Downstream Downstream G&A Non-Controlling 2Q20 EBITDA Gross Margin Opex Gross…
  6. Q2 2020 Earnings Presentation – Targa Resources Corp. – slide 6
    Financial Performance 2Q 2020 vs. 1Q 2020 Adjusted EBITDA Bridge 450 400 350 300 250 millions 200 150 100 50 0 1Q20 EBITDA G&P G&P Downstream Downstream G&A Non-Controlling 2Q20 EBITDA Gross Margin Opex Gross…
  7. Q2 2020 Earnings Presentation – Targa Resources Corp. – slide 7
    Business Mix 2Q 2020 Field Gathering & Processing Business Mix Logistics & Transportation Operating Margin 2Q 2020 Segment Operating Margin Operating Margin 2Q 2020 100% 100% 75% 75% 65% 35% 50% 50% 51% / 49% 25% 25%…
  8. Q2 2020 Earnings Presentation – Targa Resources Corp. – slide 8
    2020 Financial Estimates Adjusted EBITDA Estimate FY 2020E ( in millions) 1,500 - 1,625 Updated range assumes commodity prices average 40/barrel WTI crude, 0.40/gallon NGLs, 2.00/MMBtu Henry Hub and 1.50/MMBtu Waha natural gas…
  9. Q2 2020 Earnings Presentation – Targa Resources Corp. – slide 9
    Risk Management Hedging Program Further Strengthens Cash Flow Stability Field G&P Hedging Update Commodity Price Sensitivity(1) 2020 2021 Volumes Exposure Wtd. Avg. Volumes Exposure Wtd. Avg. 2020E Adj. EBITDA Commodity Hedged…
  10. Q2 2020 Earnings Presentation – Targa Resources Corp. – slide 10
    Reconciliations
  11. Q2 2020 Earnings Presentation – Targa Resources Corp. – slide 11
    Non-GAAP Reconciliations - Estimated 2020 Adjusted EBITDA Reconciliation of estimated net loss attributable to Full Year 2020E TRC to estimated Adjusted EBITDA (In millions) Net loss attributable to TRC (1) (1,627.5) Impairment…
  12. Q2 2020 Earnings Presentation – Targa Resources Corp. – slide 12
    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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