On the Record · Targa Resources Partners
Targa Resources Partners acquisitions, on the record
The businesses Targa Resources Partners bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
inland marine barge businessWord for word“During the second quarter of 2018, we sold our inland marine barge business to a third party for approximately $69 million.” 10-K for 2018 | divestiture | During the second quarter of 2018 | approximately $69 million |
Flag City PlantWord for word“In May 2017, we acquired a 150 MMcf/d natural gas processing plant (the “Flag City Plant”) located in Jackson County, Texas, from subsidiaries of Boardwalk Midstream LLC.” 10-K for 2018 | acquisition | In May 2017 | — |
Carnero gathering and Carnero processing joint venturesWord for word“In May 2018, Sanchez Midstream Partners LP (“Sanchez Midstream”) and we merged our respective 50% interests in the Carnero gathering and Carnero processing joint ventures, which own the high-pressure Carnero gathering line and Raptor natural gas processing plant, to form an expanded 50/50 joint venture in South Texas (the “Carnero Joint Venture”) that we operate.” 10-K for 2018 | merger | In May 2018 | — |
25% interest in Grand Prix Pipeline LLC (the Grand Prix Joint Venture)Word for word“In September 2017, we sold a 25% interest in our consolidated subsidiary, Grand Prix Pipeline LLC (the "Grand Prix Joint Venture"), which owns the portion of Grand Prix extending from the Permian Basin to Mont Belvieu, Texas, to funds managed by Blackstone Energy Partners (“Blackstone”).” 10-K for 2018 | divestiture | In September 2017 | — |
Permian Acquisition (gas gathering and processing and crude oil gathering assets in the Permian Basin)Word for word“Third-party acquisitions included our 2012 acquisition of Saddle Butte Pipeline LLC’s crude oil pipeline and terminal system and natural gas gathering and processing operations in North Dakota (referred to by us as “Badlands”), our 2015 acquisition of Atlas Pipeline Partners L.P. (“APL,” renamed by us as Targa Pipeline Partners LP or “TPL”), and our 2017 acquisition of gas gathering and processing and crude oil gathering assets in the Permian Basin (referred to by us as the “Permian Acquisition”).” 10-K for 2018 | acquisition | — | — |
refined products and crude oil storage and terminaling facilities in Tacoma, Washington, and Baltimore, MarylandWord for word“Other operating (income) expense in 2018 was comprised primarily of the loss on sale of our refined products and crude oil storage and terminaling facilities in Tacoma, Washington, and Baltimore, Maryland, the loss on disposal of the benzene saturation component of our LSNG hydrotreater and the loss for abandoned project development costs, partially offset by the gain on sale of our inland marine barge business and the gain on an exchange of a portion of our Versado gathering system.” 10-K for 2018 | divestiture | 2018 | — |
100% ownership interest in the Venice gathering systemWord for word“In 2017, other operating (income) expense included the loss on sale of our 100% ownership interest in the Venice gathering system.” 10-K for 2018 | divestiture | 2017 | — |
crude gathering and storage business in Permian DelawareWord for word“In January 2020, we closed on the sale of our crude gathering and storage business in the Permian Delaware, see “—Recent Developments—Asset Sales” above.” 10-K for 2019 | divestiture | January 2020 | — |
equity-method investmentWord for word“During 2019, we closed on the sale of an equity-method investment that resulted in a gain of $69.3 million.” 10-K for 2019 | divestiture | — | — |
ownership interest in Targa BadlandsWord for word“(8) As of April 3, 2019, Targa owns 55% of Targa Badlands, prior to which we owned a 100% interest.” 10-K for 2019 | divestiture | April 3, 2019 | — |
assets in Channelview, TexasWord for word“In the fourth quarter of 2020, we closed on the sale of assets in Channelview, Texas for approximately $58 million.” 10-K for 2020 | divestiture | In the fourth quarter of 2020 | approximately $58 million |
Delaware crude systemWord for word“In the first quarter of 2020, we closed on the sale of the Delaware crude system, which was effective December 1, 2019, for approximately $134 million.” 10-K for 2020 | divestiture | In the first quarter of 2020 | approximately $134 million |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Goodwill from acquisitions |
|---|---|---|
| 2016-12-31 | $0 | — |
| 2017-12-31 | $570.8 million | $46.6 million |
| 2018-12-31 | $0 | — |
| 2019-12-31 | $0 | — |
Deal filings since 2016
- 2021-04-23 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-02-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-01-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-12-14 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-08-21 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-08-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-04-24 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-12-10 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-12-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-11-19 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-06-11 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-01-23 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-01-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-12-10 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-07-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-04-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-04-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-10-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-10-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-03-03 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2017-02-24 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-01-23 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-01-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-10-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-10-11 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-09-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-02-19 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
Read from Targa Resources Partners’s annual reports (10-K for 2020, 10-K for 2019, 10-K for 2018) and the financial data it files with the SEC, as of 2021-02-18. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.