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Targa Resources Partners LP (Targa Resources Partners LP) 5-Year Yield-on-Cost % : 30.94 (As of Apr. 26, 2024)


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What is Targa Resources Partners LP 5-Year Yield-on-Cost %?

Targa Resources Partners LP's yield on cost for the quarter that ended in Sep. 2020 was 30.94.


The historical rank and industry rank for Targa Resources Partners LP's 5-Year Yield-on-Cost % or its related term are showing as below:

NGLS' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 0   Med: 0   Max: 30.94
Current: 30.94


During the past 13 years, Targa Resources Partners LP's highest Yield on Cost was 30.94. The lowest was 0.00. And the median was 0.00.


NGLS's 5-Year Yield-on-Cost % is not ranked
in the Oil & Gas industry.
Industry Median: 4.77 vs NGLS: 30.94

Competitive Comparison of Targa Resources Partners LP's 5-Year Yield-on-Cost %

For the Oil & Gas Midstream subindustry, Targa Resources Partners LP's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Targa Resources Partners LP's 5-Year Yield-on-Cost % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Targa Resources Partners LP's 5-Year Yield-on-Cost % distribution charts can be found below:

* The bar in red indicates where Targa Resources Partners LP's 5-Year Yield-on-Cost % falls into.



Targa Resources Partners LP 5-Year Yield-on-Cost % Calculation

Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.

Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.

Therefore, Yield-on-Cost of Targa Resources Partners LP is calculated as

Yield-on-Cost=Dividend Yield %*(1+Dividend Growth Rate)^5

Targa Resources Partners LP  (NYSE:NGLS) 5-Year Yield-on-Cost % Explanation

Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.


Targa Resources Partners LP 5-Year Yield-on-Cost % Related Terms

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

Traded in Other Exchanges
N/A
Address
811 Louisiana Street, Suite 2100, Houston, TX, USA, 77002
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

Targa Resources Partners LP (Targa Resources Partners LP) Headlines