HOUSTON, Aug. 1, 2014 (GLOBE NEWSWIRE) -- Targa Resources Partners LP (NYSE:NGLS) ("Targa Resources Partners" or the "Partnership") and Targa Resources Corp. (NYSE:TRGP) ("TRC" or the "Company") today reported second quarter 2014 results. Second quarter 2014 net income attributable to Targa Resources Partners was $108.8 million compared to $26.3 million for the second quarter of 2013. Net income per diluted limited partner unit was $0.64 in the second quarter of 2014 compared to $0.01 for the second quarter of 2013. The Partnership reported earnings before interest, income taxes, depreciation and amortization and other non-cash items ("Adjusted EBITDA") of $226.4 million for the second quarter of 2014 compared to $126.5 million for the second quarter of 2013.
Targa Resources Partners LP And Targa Resources Corp. Report Second Quarter 2014 Financial Results, Update Outlook And Announce Management Changes
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.