Targa Resources Reports Q1 Dividend, Distribution

Targa Resources Corp. ("TRC" or the "Company") TRGP and Targa Resources Partners LP ("Targa Resources Partners" or the "Partnership") NGLS announced their respective quarterly dividend and distribution for the first quarter of 2013. Targa Resources Corp. announced today that its board of directors has declared a quarterly cash dividend of 49.50¢ per share, or $1.98 per common share on an annualized basis, for the first quarter 2013. The approved dividend represents increases of approximately 8% over the previous quarter's dividend and 36% over the dividend for the first quarter 2012. This cash dividend will be paid May 16, 2013 on all outstanding common shares to holders of record as of the close of business on April 29, 2013. Targa Resources Partners LP announced today that the board of directors of its general partner has declared a quarterly cash distribution of 69.75¢ per common unit, or $2.79 per common unit on an annualized basis, for the first quarter 2013. The approved distribution represents an increase of approximately 3% over the previous quarter's distribution and 12% over the distribution for the first quarter 2012. This cash distribution will be paid May 15, 2013 on all outstanding common units to holders of record as of the close of business on April 29, 2013.