Targa Resources Corp. (NYSE:TRGP) Q3 2017 Earnings Conference Call - Preliminary Transcript

Nov 02, 2017 • 11:00 am ET


Targa Resources Corp. (NYSE:TRGP) Q3 2017 Earnings Conference Call - Preliminary Transcript


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Good morning, ladies and gentlemen and welcome to the Targa Resources Corporation Third Quarter 2017 Earnings Webcast and Presentation Conference Call. At this time all participants are in a listen only mode later we will conduct a question and answer session and instructions will follow at this time [Operator Instructions] As a reminder, this conference is being recorded. I would now like to turn the conference over to your host, Mr. Sanjay Lad, Director of Investor Relations. Please go ahead, sir.

Sanjay Lad

Thank you, Amanda. Good morning and welcome to the third quarter 2017 earnings call for Targa Resources Corp. Third quarter earnings release for Targa Resources Corp., Targa, TRC, or the company along with the third quarter earnings supplement presentation on the Investors section of our website at www.targaresources.com.

In addition, an updated investor presentation has also been posted to our website. Any statements made during this call that might include the company's expectations or predictions should be considered forward-looking statements and are covered by the Safe Harbor provision of the Securities Acts of 1933 and 1934. Please note that actual results could differ materially from those projected in any forward-looking statements.

For a discussion of factors that could cause actual results to differ, please refer to our recent SEC filings, including the company's annual report on Form 10-K for the year ended December 31, 2016 and subsequently filed quarterly reports on Form 10-Q. Our speakers for the call today will be Joe Bob Perkins, Chief Executive Officer; Pat McDonie, Executive Vice President of Southern Field Gathering and Processing; Scott Pryor, Executive Vice President of Logistics and Marketing, our Downstream segment; and Jennifer Kneale, Vice President, Finance, who is covering for the -- who is covering the financial section of the call for Matt this morning as he has another commitment. Other members of senior management will be available during the Q&A portion of the call.

Joe Bob will begin today's call then turn over to Jennifer to discuss third quarter 2017 results and then Pat and Scott will discuss their respective business segments. After closing remarks from Joe Bob, we will then open up the call for questions. With that, I will turn the call over to Mr. Joe Bob Perkins.

Joe Bob Perkins

Thanks, Sanjay. Good morning and thanks to everyone for joining, especially given all the recent late night Astros games. What a series. And I have to say it feels a whole lot better to be doing this call this morning rather than yesterday morning when I was a little bit grumpy. The Targa team is very proud of our hometown World Series champs. So, let's get started. First, I want to acknowledge the heroic efforts of many Targa employees during Hurricane Harvey.

I am inspired by the Targa team's dedicated efforts to ensure the continued safe operations of our facilities during and in the aftermath of the storm. And I am very thankful to those who worked tirelessly to communicate with our customers and to mitigate the impact of