Targa Resources Partners LP (NGLS) - Financial and Strategic SWOT Analysis Review by GlobalData

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									           Targa Resources Partners LP (NGLS) - Financial and Strategic SWOT
                                   Analysis Review
        Reference Code: GDGE1971FSA                                                                                              Publication Date: MAR 2013

          1000 Louisiana St, Suite 4300                      Phone              +1 713 5841000                      Revenue         5,883.6 (million USD)
          Houston, TX                                        Fax                +1 713 5841100                      Net Profit      174.60 (million USD)
          77002                                              Website            www.targaresources.com              Employees       1,192
                                                                                NGLS [New York Stock
          United States                                      Exchange                                               Industry        Oil & Gas
                                                                                Exchange]

       Company Overview
       Targa Resources Partners LP (Targa Resources) is an independent midstream company. It is one of the largest independent
       midstream energy companies in the US. The company specializes in providing midstream natural gas and natural gas liquids
       (NGL) services. Targa Resources carries out the process of gathering, compressing, treating, processing and selling of natural
       gas, and fractionating and selling NGL and NGL products. It also conducts the sale of refined petroleum products and crude oil.
       The company operates through two divisions. Its Natural Gas Gathering and Processing division is classified into two segments:
       Field Gathering and Processing; and Coastal Gathering and Processing.
       Key Executives                                                                SWOT Analysis
                      Name                                 Title                      Targa Resources Partners LP, SWOT Analysis
         Rene R. Joyce                       Chairman                                 Strengths                                Weaknesses
         James W. Whalen                     Advisor to Chairman and
                                                                                      Asset Base supporting Position Significant Revenue from a
                                             Chief Executive Officer
                                                                                                                     Single Customer
         Joe Bob Perkins                     Chief Executive Officer                  Integrated Operations
         Robert B. Evans                     Director
         Barry R. Pearl                      Director                                 Opportunities                            Threats
        Source: Annual Report, Company Website, Primary and Secondary
        Research, GlobalData                                                          Oil Storage Industry: US                 Intense Competition

       Share Data                                                                     Strategic Acquisitions                   Stringent Regulations
         Targa Resources Partners LP
        Share Price (USD) as on 22-Mar-                                44.66         Source: Annual Report, Company Website, Primary and Secondary Research,
                                                                                     GlobalData
        2013
        EPS (USD)                                                        1.20
        Market Cap (million USD)                                       4,627
        Enterprise Value (million USD)                                 7,148
        Shares Outstanding (million)                                     104
       Source: Annual Report, Company Website, Primary and Secondary
       Research, GlobalData

       Financial Performance                                                         Recent Developments
                                                                                      Mar 20, 2013         Phillips 66 Signs Domestic Crude Logistics
                                                                                                           Agreements To Increase Access To Secure,
                                                                                                           Advantaged Crude
                                                                                      Feb 14, 2013         Targa Resources Reports Revenue Of US$5.9
                                                                                                           Billion In 2012
                                                                                      Nov 01, 2012         Targa Resources Reports Revenue Of $1.4
                                                                                                           Billion For Q3 2012
                                                                                      Oct 17, 2012         Targa Resources Provides Growth Projects
                                                                                                           Update
       Source: Annual Report, Company Website, Primary and Secondary                 Source: Annual Report, Company Website, Primary and Secondary Research,
       Research, GlobalData                                                          GlobalData




Targa Resources Partners LP (NGLS) - Financial and Strategic                                                                       Reference Code: GDGE1971FSA
SWOT Analysis Review
Source : www.globalcompanyintelligence.com                                                                                                                     Page 1
© GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form
       Table of Contents
       Table of Contents ............................................................................................................................................................................... 2
          List of Tables .................................................................................................................................................................................. 4
          List of Figures ................................................................................................................................................................................. 4
       Section 1 - About the Company.......................................................................................................................................................... 5
       Targa Resources Partners LP - Key Facts ......................................................................................................................................... 5
       Targa Resources Partners LP - Key Employees ................................................................................................................................ 6
       Targa Resources Partners LP - Key Employee Biographies .............................................................................................................. 7
       Targa Resources Partners LP - Major Products and Services ........................................................................................................... 8
       Targa Resources Partners LP - Key Operational Summary ............................................................................................................... 9
       Targa Resources Partners LP - History ............................................................................................................................................ 10
       Targa Resources Partners LP - Company Statement ...................................................................................................................... 11
       Targa Resources Partners LP - Locations And Subsidiaries ............................................................................................................ 13
          Head Office ................................................................................................................................................................................... 13
          Other Locations & Subsidiaries ..................................................................................................................................................... 13
       Targa Resources Partners LP - Key Manufacturing Facilities .......................................................................................................... 16
       Section 2 – Company Analysis ......................................................................................................................................................... 17
       Targa Resources Partners LP - Business Description ..................................................................................................................... 17
       Targa Resources Partners LP - SWOT Analysis .............................................................................................................................. 18
          SWOT Analysis - Overview........................................................................................................................................................... 18
          Targa Resources Partners LP - Strengths .................................................................................................................................... 18
             Strength - Asset Base supporting Position ................................................................................................................................ 18
             Strength - Integrated Operations ............................................................................................................................................... 18
          Targa Resources Partners LP - Weaknesses ............................................................................................................................... 18
             Weakness - Significant Revenue from a Single Customer ........................................................................................................ 18
          Targa Resources Partners LP - Opportunities .............................................................................................................................. 18
             Opportunity - Oil Storage Industry: US ...................................................................................................................................... 18
             Opportunity - Strategic Acquisitions .......................................................................................................................................... 19
             Opportunity - Capital Expenditure ............................................................................................................................................. 19
          Targa Resources Partners LP - Threats ....................................................................................................................................... 19
             Threat - Intense Competition ..................................................................................................................................................... 19
             Threat - Stringent Regulations .................................................................................................................................................. 19
             Threat - Fluctuations in the Oil and Gas Prices ......................................................................................................................... 19
       Targa Resources Partners LP - Key Competitors ............................................................................................................................ 21
       Section 3 – Company Financial Ratios ............................................................................................................................................. 22
       Financial Ratios - Capital Market Ratios........................................................................................................................................... 22
       Financial Ratios - Annual Ratios ...................................................................................................................................................... 22
       Performance Chart ........................................................................................................................................................................... 24
       Financial Performance...................................................................................................................................................................... 24
       Financial Ratios - Interim Ratios....................................................................................................................................................... 25
       Financial Ratios - Ratio Charts ......................................................................................................................................................... 26
       Section 4 – Company’s Oil & Gas, Power Financial Deals and Alliances ........................................................................................ 27
          Targa Resources Partners LP, Oil & Gas, Deals By Year, 2007 to YTD 2013 ............................................................................. 27
          Targa Resources Partners LP, Oil & Gas, Deals By Type, 2007 to YTD 2013 ............................................................................. 28
       Targa Resources Partners LP, Recent Deals Summary .................................................................................................................. 29
       Section 5 – Company’s Recent Developments ................................................................................................................................ 30


Targa Resources Partners LP (NGLS) - Financial and Strategic                                                                                                     Reference Code: GDGE1971FSA
SWOT Analysis Review
Source : www.globalcompanyintelligence.com                                                                                                                                                                Page 2
© GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form
          Targa Resources Partners LP, Recent Developments ................................................................................................................. 30
             Mar 20, 2013: Phillips 66 Signs Domestic Crude Logistics Agreements To Increase Access To Secure, Advantaged Crude.. 30
             Feb 14, 2013: Targa Resources Reports Revenue Of US$5.9 Billion In 2012 .......................................................................... 30
             Nov 01, 2012: Targa Resources Reports Revenue Of $1.4 Billion For Q3 2012 ...................................................................... 31
             Oct 17, 2012: Targ
								
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