This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Targa Resources Partners' Management Presents At Barclays Capital 2012 High Yield Bond And Syndicated Loan Conference (Transcript)

Targa Resources Partners LP (NGLS)

Barclays Capital 2012 High Yield Bond and Syndicated Loan Conference

March 27, 2012 15:30 PM ET


Jeffrey J. McParland - President, Finance and Administration

Matthew J. Meloy - SVP, Chief Financial Officer and Treasurer


Gary Stromberg - Barclays Capital, Research Division


Gary Stromberg - Barclays Capital, Research Division

Okay. Why don’t we get started? Thank you for hanging around for the last presentation of the day. We have Targa Resources Partners here to present and Jeff McParland, who is the President, and Matt Meloy, the CFO, is here.

Jeff McParland

Thanks, Gary. Thanks everybody for sticking around, so we have more than just bankers in the room with us for the wrap-up here. I’m Jeff McParland. I’m going to do the overview piece of this and then turn it over to Matt for a closer look at some of our businesses. For those of you who may not be familiar with Targa, we’re a natural gas midstream Company.

We operate in two divisions in the natural gas – in the midstream natural gas space. The first is gathering and processing, where we serve producers, handle their natural gas production process to extract the natural gas liquids, send the gas – the residue gas to the pipeline systems and the natural gas liquids, then go as a mix stream down generally to the Mont Belvieu area, where we also have our logistics and marketing asset concentration. That’s our second piece where we fractionate that is separate the natural gas liquids into the constituents ethane, propane, and so on and then deliver those products to markets. We are one of the few midstream companies that has a substantial presence in each of these areas, gathering and processing and NGL logistics.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,203.37 -85.26 -0.47%
S&P 500 2,107.78 -9.61 -0.45%
NASDAQ 4,979.9010 -28.1950 -0.56%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs