Targa Resources

Targa Resources Corp. provides midstream natural gas and natural gas liquids services. It also provides gathering, storing, and terminaling crude oil, and storing, terminaling, and selling refined petroleum products. It operates through the following business segments: Gathering and Processing, and Logistics and Transportation. The Gathering and Processing segment includes assets used in the gathering of natural gas produced from oil and gas wells and processing this raw natural gas into merchantable natural gas by extracting NGLs and removing impurities, and assets used for crude oil gathering and terminaling. The Logistics and Transportation segment includes all the activities necessary to convert mixed NGLs into NGL products and provides certain value-added services such as the storing, fractionating, terminaling, transporting and marketing of NGLs and NGL products, including services to LPG exporters, and the storing and terminaling of refined petroleum products and crude oil and certain natural gas supply and marketing activities in support of its other businesses. The company was founded on October 27, 2005, and is headquartered in Houston, TX.

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Targa Resources excels in Q4, eyes growth amid challenges

Targa Resources delivered exceptional performance in Q4 2022, with a robust outlook for 2023 driven by growth initiatives and strategic focus on returns.
While facing challenges like inflation pressures and hedge impacts, Targa remains agile in optimizing investments and maintaining capital efficiency.
The company's strengths lie in its operational successes, strong financial discipline, and strategic positioning for future growth opportunities.

Targa Resources reports robust Q1 performance amidst growth opportunities

Targa Resources Corp. demonstrated solid financial performance in Q1 2023, driven by record volumes and strategic investments. While facing challenges such as commodity price fluctuations and operational issues, the company's strong balance sheet and growth initiatives position it well for the future.

Targa Resources posts record Q2 volumes, eyes growth opportunities

Targa Resources reports strong Q2 performance with record volumes and strategic investments in Permian operations.
Maintaining financial strength and flexibility, the company is poised for growth with a focus on shareholder value.
Challenges include managing pricing dynamics and balancing leverage for future investments and returns.

Targa Resources reports strong Q3 performance and eyes dividend growth

Targa Resources demonstrated robust performance with record volumes and increased EBITDA, underpinned by strategic expansions and operational efficiencies.
While facing challenges like shifting gas volumes, the company's focus on profitability optimization and growth avenues positions it well for the future.
Opportunities lie in dividend growth, EBITDA expansion, and market connectivity, showcasing Targa's commitment to shareholder value and sustainable growth.

Targa Resources achieves record performance in 2023, eyes Permian growth

Targa Resources reported record performance in 2023 and expects continued growth in Permian volumes for 2024.
The company is focused on capital spending for Permian projects, dividend increases, and share repurchases.
Challenges include long lead times for equipment and supply chain issues, but proactive measures are in place.
Opportunities lie in fee-based revenue growth, downstream investments, and evaluating strategic infrastructure projects.

Targa Resources reports record earnings, eyes expansion amid market challenges

Targa Resources delivered strong financial performance in Q1 2024, driven by record EBITDA and operational achievements.
Despite challenges like weather impacts and pricing dynamics, Targa's strategic initiatives and growth projects position it for future success.
The company's focus on expansion, infrastructure development, and market responsiveness underscores its commitment to long-term growth and stability.

Targa Resources Corp reports record Q2 earnings and strategic growth

Targa Resources Corp delivered a stellar second quarter performance, marked by record volumes and financial achievements, setting the stage for continued success.
Despite facing challenges in managing capital spending and growth expectations, the company's strong balance sheet and strategic focus on shareholder returns provide a solid foundation for growth.
Opportunities lie in strategic investments like the Blackcomb pipeline joint venture and continued growth in the Permian, positioning Targa for sustained success in the energy sector.

Targa Resources (TRGP) excels in Q3, plans for growth and sustainability

Targa Resources (TRGP) reported outstanding Q3 results, exceeding guidance and demonstrating operational excellence in key regions. The company's focus on capital allocation priorities, including increasing shareholder returns and sustainability initiatives, reflects a commitment to long-term value creation. While challenges may arise from expansion plans, Targa Resources is poised to leverage growth opportunities and tax incentives for continued success.

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Targa Resources Corp. provides midstream natural gas and natural gas liquids services. It also provides gathering, storing, and terminaling crude oil, and storing, terminaling, and selling refined petroleum products. It operates through the Gathering and Processing and Logistics and Transportation segments. The Gathering and Processing segment includes assets used in the gathering of natural gas produced from oil and gas wells and processing this raw natural gas into merchantable natural gas by extracting NGLs and removing impurities, and assets used for crude oil gathering and terminaling. The Logistics and Transportation segment focuses on the activities necessary to convert mixed NGLs into NGL products and provides certain value-added services such as the storing, fractionating, terminaling, transporting and marketing of NGLs and NGL products, including services to LPG exporters, and the storing and terminaling of refined petroleum products and crude oil and certain natural gas supply and marketing activities in support of its other businesses. The company was founded in October 2005 and is headquartered in Houston, TX.

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Midstream/MLP M&A Update: Parent Buy-Ins and PE Exits

Targa Resources is a midsized midstream company that operates primarily in the Permian and Williston Basins.

Targa Resources: Starting To Make Sense For New Money

Targa Resources (TRGP) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Should You Buy Targa Resources (TRGP) Ahead of Earnings?

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In a deal worth $857 million, the midstream giant, Targa Resources (TRGP), sells its stake in the Gulf Coast Express Pipeline to an anonymous buyer.

Targa Resources (TRGP) Sells Its 25% GCX Stake for $875M

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Here's Why Targa Resources, Inc. (TRGP) is a Strong Momentum Stock

HOUSTON, Feb. 03, 2022 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) (“Targa” or the “Company”) announced today that it has executed agreements selling its wholly-owned subsidiary that holds a 25 percent equity interest in the Gulf Coast Express Pipeline (“GCX”) for $857 million. Targa expects to receive the full proceeds from the sale in the second quarter of 2022 following a customary call right period in favor of the other members of GCX.

Targa Resources Corp. Executes Agreements to Sell its Equity Interest in Gulf Coast Express Pipeline

Announces Quarterly Dividends and Timing of Fourth Quarter 2021 Earnings Webcast Announces Quarterly Dividends and Timing of Fourth Quarter 2021 Earnings Webcast

Targa Resources Corp. Declares Increase to Quarterly Common Dividend

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HOUSTON, Jan. 10, 2022 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) (“Targa” or the “Company”) announced today that it has executed agreements to repurchase interests in its development company joint ventures (“DevCo JVs”) from investment vehicles affiliated with Stonepeak Partners LP (“Stonepeak”) for approximately $925 million. Targa had approximately $3.2 billion of available liquidity at December 31, 2021 and intends to fund the DevCo acquisition using available liquidity.

Targa Resources Corp. Executes Agreements to Acquire its Development Company Joint Venture Interests

HOUSTON, Jan. 10, 2022 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that representatives from the Company will participate in investor meetings via video conference at the UBS Winter Infrastructure & Energy Virtual Conference on Tuesday, January 11, 2022.

Targa Resources Corp. to Participate in UBS Winter Infrastructure & Energy Virtual Conference

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Targa Resources (TRGP) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

How Targa Resources (TRGP) Stock Stands Out in a Strong Industry

HOUSTON, Dec. 06, 2021 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that representatives from the Company will participate in investor meetings via video conference at the Wells Fargo Midstream Utilities & Renewables Symposium on Wednesday, December 8, 2021.

Targa Resources Corp. to Participate in Wells Fargo Midstream Utilities & Renewables Symposium

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Targa Resources Will Benefit From Continental's Permian Acquisition

Targa Resources' (TRGP) adjusted EBITDA jumps from $419.1 million a year earlier to $505.9 million in the third quarter of 2021.

Targa (TRGP) Stock Leaves No Mark Despite Beating on Q3 Earnings

HOUSTON, Nov. 18, 2021 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that Targa NGL Pipeline Company LLC (“Targa NGL Pipeline”), a wholly owned subsidiary of the Company, has launched an open season commencing November 18, 2021 and closing December 17, 2021 to gauge shipper interest in committed interstate transportation service for natural gas liquids (“NGLs”) from a planned interconnection with upstream pipeline facilities in Stephens and Grady counties, Oklahoma to Mont Belvieu, Texas.

Targa NGL Pipeline Company Launches Open Season

Targa Resources' (TRGP) CEO Matt Meloy on Q3 2021 Results - Earnings Call Transcript

Increases 2021 Financial Outlook and Announces Updated Capital Allocation Strategy Increases 2021 Financial Outlook and Announces Updated Capital Allocation Strategy

Targa Resources Corp. Reports Third Quarter 2021 Financial Results

HOUSTON, Nov. 01, 2021 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") today announced it has entered into agreements to source renewable electricity from Concho Valley Solar, LLC (“Concho Valley Solar”) to provide power to Targa's natural gas processing infrastructure in the Permian Basin in West Texas. Concho Valley Solar is a joint development between Merit SI and Komipo America, Inc.

Targa Resources Announces Power Purchase Agreement With Concho Valley Solar To Provide Renewable Electricity For Its West Texas Assets

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Here's Why Targa Resources, Inc. (TRGP) is a Strong Growth Stock

HOUSTON, Oct. 14, 2021 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced its quarterly dividend on common shares and its quarterly dividend on Series A preferred shares with respect to the third quarter of 2021.

Targa Resources Corp. Announces Quarterly Dividends and Timing of Third Quarter 2021 Earnings Webcast

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