Targa Resources, Inc. Announces Timing of Third Quarter 2008 Earnings Release and Conference Call


HOUSTON, Oct. 22, 2008 (GLOBE NEWSWIRE) -- Targa Resources, Inc. ("Targa" or the "Company") will report its third quarter 2008 earnings before the NASDAQ Stock Market opens for trading on Wednesday, November 12, 2008. Following the announcement, Targa will host a conference call for investors and analysts at 11:30 a.m. Eastern Time (10:30 a.m. Central Time) to discuss third quarter results.

The conference call can be accessed via Webcast through the Investor's section of the Company's website at http://www.targaresources.com or by dialing 800-240-4186. The pass code is 11121587. Please dial in ten minutes prior to the scheduled start time. A replay will be available approximately two hours following completion of the Webcast through the Investors section of the Company's website and will remain available until November 28, 2008. Replay access numbers are 303-590-3000 or 800-405-2236 with pass code 11121587.

About Targa

Targa is a leading provider of midstream natural gas and natural gas liquid, or NGL, services in the Unites States, through an integrated platform of midstream assets. Our gathering and processing assets are located primarily in the Permian Basin in West Texas and Southeast New Mexico, the Louisiana Gulf Coast primarily accessing the offshore region of Louisiana, and, through Targa Resources Partners LP, our publicly traded master limited partnership, the Fort Worth Basin in North Texas, the Permian Basin in West Texas and the onshore region of the Louisiana Gulf Coast. Additionally, our natural gas liquids logistics and marketing assets are located primarily at Mont Belvieu and Galena Park near Houston, Texas and in Lake Charles, Louisiana with terminals and transportation assets across the United States.

Targa's principal executive offices are located at 1000 Louisiana, Suite 4300, Houston, Texas 77002 and its telephone number is 713-584-1000.

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 Company 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 Company's control, which could cause results to differ materially from those expected by management of Targa Resources, Inc. 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 and natural gas liquids, 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 Company's Annual Report on Form 10-K for the year ended December 31, 2007 and other reports filed with the Securities and Exchange Commission. Targa Resources, Inc. undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.



            

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