Targa Resources Corp. Reschedules Timing of Fourth Quarter 2020 Earnings Webcast Due to Impacts of Severe Winter Weather

Rhea-AI Summary

Targa Resources Corp. (NYSE: TRGP) announced a rescheduling of its fourth quarter 2020 earnings webcast to February 23, 2021, due to severe winter weather. The financial results will still be reported prior to market opening on February 18, 2021. The webcast will start at 12:00 p.m. Eastern Time and will cover the Company's financial performance for the quarter and full year 2020. For further information, the webcast will be available on the Targa Resources website, and a replay will be accessible two hours post-event.

Positive

• Company is set to report fourth quarter 2020 results, indicating ongoing operations.

Negative

• Rescheduling of the earnings webcast may imply potential operational disruptions due to severe winter weather.

HOUSTON, Feb. 16, 2021 (GLOBE NEWSWIRE) -- Targa Resources Corp. (“Targa” or the “Company”) (NYSE: TRGP) announced that it continues to expect to report its fourth quarter 2020 financial results before the market opens for trading on Thursday, February 18, 2021, but as a result of the impacts of severe winter weather, is rescheduling its live webcast to discuss fourth quarter and full year 2020 results to Tuesday, February 23, 2021 at 12:00 p.m. Eastern Time (11:00 a.m. Central Time).

Event Information
Event: Targa Resources Corp. Fourth Quarter 2020 Earnings Webcast and Presentation
Date: Tuesday, February 23, 2021
Time: 12:00 p.m. Eastern Time
Webcast: www.targaresources.com under "Events and Presentations" or directly at https://edge.media-server.com/mmc/p/ch8ddv3n

Replay Information 
A webcast replay will be available at the link above approximately two hours after the conclusion of the event. A quarterly earnings supplement presentation and updated investor presentation will also be available under Events and Presentations in the Investors section of the Company’s website prior to the start of the conference call, or directly at https://www.targaresources.com/investors/events.

About Targa Resources Corp.

Targa Resources Corp. is a leading provider of midstream services and is one of the largest independent midstream infrastructure companies in North America. The Company owns, operates, acquires and develops a diversified portfolio of complementary midstream infrastructure assets. The Company is primarily engaged in the business of: gathering, compressing, treating, processing, transporting and purchasing and selling natural gas; transporting, storing, fractionating, treating and purchasing and selling NGLs and NGL products, including services to LPG exporters; and gathering, storing, terminaling and purchasing and selling crude oil.

For more information, please visit the Company’s website at www.targaresources.com.

Forward-Looking Statements

Certain statements in this release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included in this release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future, are forward-looking statements. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties, factors and risks, many of which are outside the Company’s control, which could cause results to differ materially from those expected by management of the Company. Such risks and uncertainties include, but are not limited to, weather, political, economic and market conditions, including a decline in the price and market demand for natural gas, natural gas liquids and crude oil, the impact of pandemics such as COVID-19, actions by the Organization of the Petroleum Exporting Countries (“OPEC”) and non-OPEC oil producing countries, the timing and success of business development efforts, and other uncertainties. These and other applicable uncertainties, factors and risks are described more fully in the Company’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2019, and any subsequently filed Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. The Company does not undertake an obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Contact the Company's investor relations department by email at
InvestorRelations@targaresources.com or by phone at (713) 584-1133.

Sanjay Lad
Vice President, Finance & Investor Relations

Jennifer Kneale
Chief Financial Officer

FAQ

When will Targa Resources report its fourth quarter 2020 financial results?

Targa Resources will report its fourth quarter 2020 financial results before the market opens on February 18, 2021.

What is the new date for Targa Resources' earnings webcast?

The earnings webcast for Targa Resources has been rescheduled to February 23, 2021, at 12:00 p.m. Eastern Time.

Where can I find the webcast for Targa Resources' fourth quarter earnings?

The webcast can be found on Targa Resources' website under 'Events and Presentations.'

What challenges is Targa Resources facing that affected the earnings webcast schedule?

Severe winter weather has impacted Targa Resources, resulting in the rescheduling of their earnings webcast.