Targa Resources Partners LP (NGLS) - Strategic SWOT Analysis Review

 Published On: Apr, 2015 |    No of Pages: 55 |  Published By: GlobalData | Format: PDF
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Targa Resources Partners LP (NGLS) - Financial and Strategic SWOT Analysis Review provides you an in-depth strategic SWOT analysis of the company’s businesses and operations. The profile has been compiled by GlobalData to bring to you a clear and an unbiased view of the company’s key strengths and weaknesses and the potential opportunities and threats. The profile helps you formulate strategies that augment your business by enabling you to understand your partners, customers and competitors better.

The profile contains critical company information including:

- Business description – A detailed description of the company’s operations and business divisions.
- Corporate strategy – Analyst’s summarization of the company’s business strategy.
- SWOT Analysis – A detailed analysis of the company’s strengths, weakness, opportunities and threats.
- Company history – Progression of key events associated with the company.
- Major products and services – A list of major products, services and brands of the company.
- Key competitors – A list of key competitors to the company.
- Key employees – A list of the key executives of the company.
- Executive biographies – A brief summary of the executives’ employment history.
- Key operational heads – A list of personnel heading key departments/functions.
- Important locations and subsidiaries – A list and contact details of key locations and subsidiaries of the company.
- Detailed financial ratios for the past five years – The latest financial ratios derived from the annual financial statements published by the company with 5 years history.
- Interim ratios for the last five interim periods – The latest financial ratios derived from the quarterly/semi-annual financial statements published by the company for 5 interims history.

Highlights

Targa Resources Partners LP (Targa Resources) is an independent midstream company. It is one of the largest independent midstream energy companies in the US. The company specializes in providing midstream natural gas and natural gas liquids (NGL) services. Targa Resources carries out the process of gathering, compressing, treating, processing and selling of natural gas, and fractionating and selling NGL and NGL products. It also conducts the sale of refined petroleum products and crude oil. The company operates through two divisions: Gathering and Processing and Logistics and Marketing. Its Natural Gas Gathering and Processing division is classified into two segments: Field Gathering and Processing; and Coastal Gathering and Processing. Its Logistics and Marketing is also classified into two reportable segments, namely, Logistics Assets and Marketing and Distribution. Targa Resources is also into owning, operating, acquiring and developing midstream energy assets. Targa Resources is a subsidiary of Targa Resources Corp. The company has operations in Texas, Louisiana, California, Gulf Coast, Gulf of Mexico, Mid Continent and Rocky Mountain regions of the US. Targa Resources is headquartered in Houston, the US.

Targa Resources Partners LP Key Recent Developments

Mar 03, 2015: Targa Resources Partners Announces Final Results Of Change Of Control Tender Offer
Feb 13, 2015: Targa Resources Partners And Targa Resources Report Fourth Quarter And Full Year 2014 Financial Results
Jan 21, 2015: Targa Resources Announces Increase In Quarterly Dividend And Distribution
Dec 20, 2013: Kinder Morgan Energy Partners - Targa Resources Partners to Expand Fractionation Capacity in Texas to Support the Utica Marcellus Texas NGL Pipeline
Dec 05, 2013: Targa Resources Partners to Present at the Wells Fargo 12th Annual Energy Symposium

Key benefits of buying this profile include:

You get detailed information about the company and its operations to identify potential customers and suppliers.
- The profile analyzes the company’s business structure, operations, major products and services, prospects, locations and subsidiaries, key executives and their biographies and key competitors.

Understand and respond to your competitors’ business structure and strategies, and capitalize on their weaknesses. Stay up to date on the major developments affecting the company.
- The company’s core strengths and weaknesses and areas of development or decline are analyzed and presented in the profile objectively. Recent developments in the company covered in the profile help you track important events.

Equip yourself with information that enables you to sharpen your strategies and transform your operations profitably.
- Opportunities that the company can explore and exploit are sized up and its growth potential assessed in the profile. Competitive and/or technological threats are highlighted.

Scout for potential investments and acquisition targets, with detailed insight into the companies’ strategic, financial and operational performance.
- Financial ratio presented for major public companies in the profile include the revenue trends, profitability, growth, margins and returns, liquidity and leverage, financial position and efficiency ratios.

Gain key insights into the company for academic or business research.
- Key elements such as SWOT analysis, corporate strategy and financial ratios and charts are incorporated in the profile to assist your academic or business research needs.

Note: Some sections may be missing if data is unavailable for the company

Table of Contents

Table of Contents 2
List of Tables 4
List of Figures 5
Section 1 - About the Company 6
Targa Resources Partners LP - Key Facts 6
Targa Resources Partners LP - Key Employees 7
Targa Resources Partners LP - Key Employee Biographies 8
Targa Resources Partners LP - Major Products and Services 9
Targa Resources Partners LP - Key Operational Summary 10
Targa Resources Partners LP - History 11
Targa Resources Partners LP - Company Statement 13
Targa Resources Partners LP - Locations And Subsidiaries 16
Head Office 16
Other Locations & Subsidiaries 16
Targa Resources Partners LP - Key Manufacturing Facilities 20
Section 2 – Company Analysis 21
Targa Resources Partners LP - Business Description 21
Targa Resources Partners LP - Corporate Strategy 22
Targa Resources Partners LP - SWOT Analysis 23
SWOT Analysis - Overview 23
Targa Resources Partners LP - Strengths 23
Strength - Diverse Business Mix 23
Strength - Asset Base supporting Position 23
Strength - Integrated Operations 23
Targa Resources Partners LP - Weaknesses 24
Weakness - Working Capital Concerns 24
Targa Resources Partners LP - Opportunities 25
Opportunity - Strategic Acquisitions 25
Opportunity - Organic Growth 25
Opportunity - Increasing Natural Gas Consumption: US 25
Opportunity - Joint Venture with Kinder Morgan Energy Partners 25
Targa Resources Partners LP - Threats 26
Threat - Significant Revenue from a Single Customer 26
Threat - Declining Oil Prices 26
Threat - Intense Competition 26
Threat - Stringent Regulations 26
Targa Resources Partners LP - Key Competitors 27
Section 3 – Company Financial Ratios 28
Financial Ratios - Capital Market Ratios 28
Financial Ratios - Annual Ratios 29
Performance Chart 31
Financial Performance 31
Financial Ratios - Interim Ratios 32
Financial Ratios - Ratio Charts 33
Section 4 – Company’s Oil & Gas, Power Financial Deals and Alliances 34
Targa Resources Partners LP, Oil & Gas, Deals By Year, 2009 to YTD 2015 34
Targa Resources Partners LP, Oil & Gas, Deals By Type, 2009 to YTD 2015 35
Targa Resources Partners LP, Recent Deals Summary 36
Section 5 – Company’s Recent Developments 37
Mar 03, 2015: Targa Resources Partners Announces Final Results Of Change Of Control Tender Offer 37
Feb 13, 2015: Targa Resources Partners And Targa Resources Report Fourth Quarter And Full Year 2014 Financial Results 38
Jan 21, 2015: Targa Resources Announces Increase In Quarterly Dividend And Distribution 40
Dec 10, 2014: Targa Resources Provides Updated Financial Information 41
Nov 04, 2014: Targa Resources Partners LP And Targa Resources Report Third Quarter 2014 Financial Results 42
Oct 23, 2014: Targa Resources Announces Increase in Quarterly Dividend and Distribution 44
Oct 06, 2014: Targa Resources Partners LP Announces Additional Growth Investments to Serve Increasing Production in the Permian Basin and Williston Basin 45
Aug 01, 2014: Targa Resources Partners and Targa Resources Report Second Quarter 2014 Financial Results, Update Outlook and Announce Management Changes 46
Jul 15, 2014: Targa Resources Announces Increase in Quarterly Dividend and Distribution 47
May 01, 2014: Targa Resources Partners and Targa Resources Report First Quarter 2014 Financial Results 48
Section 6 – Appendix 50
Methodology 50
Ratio Definitions 50
About GlobalData 54
Contact Us 54
Disclaimer 54

List of Tables

Targa Resources Partners LP, Key Facts 6
Targa Resources Partners LP, Key Employees 7
Targa Resources Partners LP, Key Employee Biographies 8
Targa Resources Partners LP, Major Products and Services 9
Targa Resources Partners LP, Key Operational Summary, 2011 10
Targa Resources Partners LP, History 11
Targa Resources Partners LP, Other Locations 16
Targa Resources Partners LP, Subsidiaries 19
Targa Resources Partners LP, Key Manufacturing Facilities 20
Targa Resources Partners LP, Key Competitors 27
Targa Resources Partners LP, Ratios based on current share price 28
Targa Resources Partners LP, Annual Ratios 29
Targa Resources Partners LP, Interim Ratios 32
Targa Resources Partners LP, Oil & Gas, Deals By Year, 2009 to YTD 2015 34
Targa Resources Partners LP, Oil & Gas, Deals By Type, 2009 to YTD 2015 35
Targa Resources Partners LP, Recent Deals Summary 36
Currency Codes 50
Units 50
Capital Market Ratios 50
Equity Ratios 51
Profitability Ratios 51
Cost Ratios 52
Liquidity Ratios 52
Leverage Ratios 53
Efficiency Ratios 53

List of Figures

Targa Resources Partners LP, Performance Chart (2010 - 2014) 31
Targa Resources Partners LP, Ratio Charts 33
Targa Resources Partners LP, Oil & Gas, Deals By Year, 2009 to YTD 2015 34
Targa Resources Partners LP, Oil & Gas, Deals by Type, 2009 to YTD 2015 35


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