Ex-Dividend Date: 5/4 Dividend: $0.5175 Div Yield: 18% Payable Date: 5/15Targa Resources Partners LP is a limited partnership formed by Targa Resources, Inc. (Targa). Targa is a provider of midstream natural gas and natural gas liquid (NGL) services in the United States, to own, operate, acquire and develop a portfolio of midstream energy assets. The Company is engaged in the business of gathering, compressing, treating, processing and selling natural gas and fractionating and selling NGL and NGL products. The Company operates in the Fort Worth Basin/Bend Arch in North Texas (the Fort Worth Basin), the Permian Basin of West Texas and in Southwest Louisiana. The Company gathers natural gas from producers at the wellhead or central delivery points, move the wellhead natural gas through the gathering system, treat and process the natural gas and then sell the resulting residue natural gas and NGLs. In October 2007, the Company acquired San Angelo Operating Unit System (the SAOU System) and Louisiana Operating Unit System (the LOU System) from Targa.
Company Info
| Headquarters:1000 Louisiana Suite 4300 Houston, TX 77002 | |
| Web Address: http://www.targaresources.com |
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