Thursday, 1 October 2015

Antonia sells TRGP 51.52: Higher operating expenses were primarily driven by the inclusion of TPL operating expenses.

Badlands crude oil and natural gas volumes increased significantly due to producer activities and system expansion. Higher natural gas and NGL sales reflect similar factors. The second quarter of 2015 also benefited from the start-up of commercial operations in May 2014 at the Longhorn Plant in North Texas, in June 2014 at the High Plains Plant in SAOU and in January 2015 at the Little Missouri 3 plant in Badlands. The financial results of the Partnership's commodity hedging activities are reported in Other. For all operating statistics presented, the numerator is the total volume or sales during the applicable reporting period and the denominator is the number of calendar days during the applicable reporting period.


Meridith:
Segment operating financial results and operating statistics include the effects of intersegment transactions.

Gisele:
This measure is a key component of internal financial reporting and is reviewed for consistency and trend analysis.

Thomasina:
The Partnership views segment operating margin as an important performance measure of the core profitability of its operations.

Henrietta:
Other expense in 2015 was primarily attributable to transaction costs related to the APL merger.

Larisa:
General and administrative expenses were primarily higher due to the inclusion of four months of TPL general and administrative costs.

Norene:
Net income attributable to noncontrolling interests decreased due to lower earnings in 2015 at Cedar Bayou Fractionators, VESCO and Versado joint ventures, partially offset by the inclusion of earnings at TPL's joint ventures.

Meaghan:
General and administrative expenses were higher primarily due to the inclusion of TPL general and administrative costs.

Vivien:
An updated investor presentation will also be available in the Events and Presentations section of the Partnership's and the Company's websites following the completion of the conference call.

Jenelle:
A replay will be available approximately two hours following the completion of the Webcast through the Investors section of the Partnership's website.

Santana:
Central time) on August 4, 2015 to discuss second quarter financial results.

Targa Resources (NYSE:TRGP)
//stockhand.net/us/?q=nyse%3Atrgp&id=151244

No comments:

Post a Comment