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Targa Resources Partners LP (NGLS)

  • Oct. 13, 2014, 7:58 AM
    • Targa Resources Partners (NYSE:NGLS) and Targa Resources (NYSE:TRGP) agree to acquire Atlas Pipeline Partners (NYSE:APL) and Atlas Energy (NYSE:ATLS) for $5.8B, including $1.8B of debt.
    • Prior to Targa's acquisition of ATLS, ATLS will spin off its non-midstream assets; after giving effect to the spinoff, ATLS assets will solely comprise its general partner and incentive distribution rights interests in APL and 5.8M APL common units.
    • The combination creates one of the largest diversified MLPs on an enterprise value basis, bringing Atlas' positions in the Woodford/SCOOP, Mississippi Lime and Eagle Ford and additional Permian assets to Targa's existing Permian, Bakken, Barnett and Louisiana Gulf coast operations.
    • ATLS +14.1%, APL +12.8% premarket.
  • Jun. 20, 2014, 7:20 AM
  • Nov. 15, 2012, 8:31 AM
    Targa Resources Partners (NGLS) agrees to purchase Williston Basin crude oil pipeline and natural gas processing businesses in North Dakota from Saddle Butte Pipeline for $950M. To fund the deal, NGLS plans a public offering of 9.5M common units representing limited partner interests. NGLS -3.9% premarket.
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Company Description
Targa Resources Partners LP providesmidstream natural gas and NGL services in the United States. The Company buys and sells natural gas, NGLs and NGL products, crude oil, condensate and refined products.