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Re: Tuff-Stuff post# 538528

Tuesday, 04/01/2014 6:16:18 AM

Tuesday, April 01, 2014 6:16:18 AM

Post# of 648882
In an operational update, Targa Resources Partners (NGLS) says it expects Q1 adjusted EBITDA of ~$210M, up ~60% Y/Y, due to increased liquefied petroleum gas export activity, higher commodity prices and improved performance across NGLS' businesses.NGLS sees adjusted EBITDA for FY 2014 at $820M-$880M, as the strength of the LPG export market and operational results since the first phase of its export expansion project allow it to expect a higher level of LPG export activity in 2014 than previously contemplated.Analyst consensus had estimated Q1 EBITDA of $186M and FY 2014 EBITDA of $784M.

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