Targa Resources Partners LP (Targa Resources Partners LP) Cash And Cash Equivalents : $248 Mil (As of Sep. 2020)

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What is Targa Resources Partners LP Cash And Cash Equivalents?

Targa Resources Partners LP's quarterly cash and cash equivalents declined from Mar. 2020 ($340.20 Mil) to Jun. 2020 ($173.60 Mil) but then increased from Jun. 2020 ($173.60 Mil) to Sep. 2020 ($248.00 Mil).

Targa Resources Partners LP's annual cash and cash equivalents increased from Dec. 2017 ($124.70 Mil) to Dec. 2018 ($203.30 Mil) and increased from Dec. 2018 ($203.30 Mil) to Dec. 2019 ($291.10 Mil).

Targa Resources Partners LP Cash And Cash Equivalents Historical Data

The historical data trend for Targa Resources Partners LP's Cash And Cash Equivalents can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Targa Resources Partners LP Cash And Cash Equivalents Chart

Targa Resources Partners LP Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Cash And Cash Equivalents

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135.40

68.00

124.70

203.30

291.10

Targa Resources Partners LP Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Cash And Cash Equivalents	Get a 7-Day Free Trial															294.90	291.10	340.20	173.60	248.00

Targa Resources Partners LP Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Targa Resources Partners LP (NYSE:NGLS) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Targa Resources Partners LP Cash And Cash Equivalents Related Terms

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Targa Resources Partners LP (Targa Resources Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Targa Resources Partners LP (NYSE:NGLS) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

811 Louisiana Street, Suite 2100, Houston, TX, USA, 77002

Website

http://www.targaresources.com

Targa Resources Partners LP is a midstream natural gas company. It mainly operates, acquires and develop a diversified portfolio of complementary midstream energy assets. The company acts as a provider of midstream natural gas and NGL (Natural Gas Liquids) services as well as crude oil gathering and petroleum terminaling. The company's business activities include gathering, compressing, treating, processing and selling natural gas, storing, fractionating, treating, transporting and selling NGLs and NGL products, including services to LPG (Liquefied Petroleum Gas) exporters; gathering, storing and terminaling crude oil, and storing, terminaling and selling refined petroleum products. Targa divides its business into two segments Gathering and Processing, and Logistics and Transportation.

Executives

Davis Waters S Iv	director	10200 ALLIANCE ROAD, SUITE 200, CINCINNATI OH 45242
Chris Tong	director	600 E LAS COLINAS # 1100, IRVING TX 75019
Redd Ershel C Jr	director	C/O EL PASO ELECTRIC COMPANY, 100 N. STANTON, EL PASO TX 79901
Charles R Crisp	director	1301 MCKINNEY STE 700, HOUSTON TX 77010
Laura C. Fulton	director	THREE RIVERWAY, SUITE 1350, HOUSTON TX 77056
Robert B Evans	director	100 COLLEGE STREET, MINDEN LA 71055
Michael A Heim	other: Vice Chairman of the Board	TARGA RESOURCES PARTNERS LP, 1000 LOUISIANA STREET, SUITE 4300, HOUSTON TX 77002
Jeffrey J Mcparland	officer: See Remarks	TARGA RESOURCES PARTNERS LP, 1000 LOUISIANA STREET, SUITE 4300, HOUSTON TX 77002
Paul W Chung	officer: EVP, Gen. Counsel & Secretary	TARGA RESOURCES PARTNERS LP, 1000 LOUISIANA STREET, SUITE 4300, HOUSTON TX 77002
Barry R Pearl	director	P.O. BOX 2521, HOUSTON TX 77252-2521
James W Whalen	director, officer: Exec. Chairman of the Board	BETH SIBLEY, 1301 MCKINNEY STE 700, HOOOUSTON TX 77010
Joe Bob Perkins	director, officer: CEO	TARGA RESOURCES PARTNERS, LP, 1000 LOUISIANA ST., SUITE 4300, HOUSTON TX 77002
Ruth Dreessen	director	6850 VERSAR CENTER, SPRINGFIELD VA 22151
John Robert Sparger	officer: Senior VP and CAO	TARGA RESOURCES PARTNERS LP, 1000 LOUISIANA STREET, SUITE 4300, HOUSTON TX 77002
Matthew J Meloy	officer: Executive VP and CFO	1000 LOUISIANA, SUITE 4300, HOUSTON TX 77002

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