- In an operational update, Targa Resources Partners (NGLS) says it expects Q1 adjusted EBITDA of ~$210M, up ~60% Y/Y, due to increased liquefied petroleum gas export activity, higher commodity prices and improved performance across NGLS' businesses.
- NGLS sees adjusted EBITDA for FY 2014 at $820M-$880M, as the strength of the LPG export market and operational results since the first phase of its export expansion project allow it to expect a higher level of LPG export activity in 2014 than previously contemplated.
- Analyst consensus had estimated Q1 EBITDA of $186M and FY 2014 EBITDA of $784M.
From other sites
at Nasdaq.com (Jan 28, 2015)
at CNBC.com (Dec 4, 2014)
at Nasdaq.com (Nov 25, 2014)
at MarketWatch.com (Oct 13, 2014)
at CNBC.com (Sep 3, 2014)
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