HOUSTON, Jan. 15, 2019 (GLOBE NEWSWIRE) -- Targa Resources Partners LP (“Targa Resources Partners” or the
“Partnership”) (NYSE: NGLS PR A) announced its monthly distribution on the Partnership’s 9.00% Series A Fixed-to-Floating Rate
Cumulative Redeemable Perpetual Preferred Units ("Series A Preferred Units") for January 2019.
Targa Resources Partners LP announced today that the board of directors of its general partner has declared a
monthly cash distribution of 18.75¢ per Series A Preferred Unit, or $2.25 per Series A Preferred Unit on an annualized basis, for
January 2019. This cash distribution will be paid February 15, 2019 on all outstanding Series A Preferred Units to holders of
record as of the close of business on January 31, 2019.
About Targa Resources Partners LP
Targa Resources Partners LP is a Delaware limited partnership formed in October 2006 by its parent, Targa
Resources Corp. (“TRC” or the “Company”), to own, operate, acquire and develop a diversified portfolio of complementary midstream
energy assets. On February 17, 2016 TRC completed the acquisition of all outstanding common units of the Partnership. Targa
Resources Corp. is a leading provider of midstream services and is one of the largest independent midstream energy companies in
North America. TRC owns, operates, acquires, and develops a diversified portfolio of complementary midstream energy assets. The
Company is primarily engaged in the business of: gathering, compressing, treating, processing, and selling natural gas; storing,
fractionating, treating, transporting, and selling NGLs and NGL products, including services to LPG exporters; gathering, storing,
and terminaling crude oil; storing, terminaling, and selling refined petroleum products.
The principal executive offices of Targa Resources Partners LP are located at 811 Louisiana, Suite 2100, Houston, TX 77002 and
their telephone number is 713-584-1000.
For more information, please visit our 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 Partnership
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 Partnership’s control, which could cause results to differ materially from those expected by management of
the Partnership. 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 timing and success of
business development efforts; and other uncertainties. These and other applicable uncertainties, factors and risks are described
more fully in the Partnership's filings with the Securities and Exchange Commission, including its Annual Reports on Form 10-K,
Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. The Partnership does not undertake an obligation to update or
revise any forward-looking statement, whether as a result of new information, future events or otherwise.
This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b).
Brokers and nominees should treat one hundred percent (100.0%) of Targa Resources Partners LP’s distributions to foreign investors
as being attributable to income that is effectively connected with a United States trade or business. Accordingly, Targa Resources
Partners LP’s distributions to foreign investors are subject to federal income tax withholding at the highest applicable effective
tax rate.
Contact the Company's investor relations department by email at InvestorRelations@targaresources.com or by
phone at (713) 584-1133.
Sanjay Lad
Director - Investor Relations
Jennifer Kneale
Chief Financial Officer
