This Day On The Street
Continue to site
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

Targa Resources Partners' Management Present At The Deutsche Bank 19th Annual Leveraged Finance Conference (Transcript)

Targa Resources Partners LP (NGLS)

Deutsche Bank 19th Annual Leveraged Finance Conference

October 13, 2011 08:40 AM EST


Jeffrey J. McParland – President, Finance & Administration

Matthew J. Meloy – Senior Vice President, Chief Financial Officer and Treasurer


Kathryn O'Connor

Okay, after a little delay we have our next interview company Targa Resources. From the company, we have Jeff McParland; he is the President of Finance.

Jeff McParland

Thank you, Kathryn. Good morning. Pleasure to be with you this morning over-the-top, stellar Deutsche Leverage Conference. Thank you for taking time to visit with us. I am going to do the executive summary version here and Matt will run through – Matt Meloy, our CFO, will run through in a little more detail on the businesses. As we get rolling I hope you’ll take note of our cautionary language on forward-looking statements.

Alright. Where does Targa fit in the midstream space? We are a natural gas and natural gas liquid midstream company. So we operate in two basic divisions; gas gathering and processing and logistics and marketing for the NGLs, which we call our downstream business. Up top in the gas gathering and processing, we serve producers, we collect wellhead production, our natural gas production. We treat it and more importantly with process that gas to separate it into pipeline quality residue gas and the natural gas liquid stream, which is a mixed stream of natural gas liquids. Those mixed liquids then go into the downstream business, which is centered on the Gulf Coast or it assets are centered on the Gulf Coast. And there we stage the liquids, fractionate the mixed stream of NGLs into its product components ethane, propane, butane, and so forth and then handle our logistics of delivering those products to their markets.

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
Only $9.95
14-Days Free
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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 16,790.19 +13.76 0.08%
S&P 500 1,979.92 -7.13 -0.36%
NASDAQ 4,748.3610 -32.9030 -0.69%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs