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.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

HOUSTON, May 02, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) (“TRGP,” the “Company” or “Targa”) today reported first quarter 2024 results.

Targa Resources Corp. Reports First Quarter 2024 Financial Results

Does Targa Resources, Inc. (TRGP) have what it takes to be a top stock pick for momentum investors? Let's find out.

What Makes Targa Resources, Inc. (TRGP) a Strong Momentum Stock: Buy Now?

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Targa Resources, Inc. (TRGP) have what it takes?

Targa Resources, Inc. (TRGP) Could Be a Great Choice

Antero Resources

Gulfport Energy Corp

Jamie Dimon, the CEO of JPMorgan Chase (NYSE: JPM ) criticized the U.S. government's delays in liquefied natural gas (LNG) projects, attributing them to political reasons intended to appease those opposed to oil and gas initiatives. In his annual shareholder letter, he expressed that halting oil and gas projects is “wrong” and “enormously naïve.

LNG Export Clash: JPMorgan's Top 3 Gas Stock Picks to Ride Out the Storm

CSW Industrials

H.B. Fuller

Tanger Factory Outlet Centers

Constellation Brands

Investors may keep a tab on stocks like CSWI, TRGP, STZ, FUL and SKT, which have lately hiked their dividend payments.

5 Stocks in Focus That Just Increased Their Dividends

Targa Resources' (TRGP) current dividend yield of 2.6% might not be the best going around, but it is well ahead of the S&P 500's 1.3% and is well protected with a payout ratio of 52.

Investors' Guide to Targa Resources' (TRGP) Dividend Hike

Applied Materials

Advanced Micro Devices

Atlantica Sustainable Infrastructure

First Trust High Income Long/Short Fund

Hess Midstream Partners

KKR Income Opportunities Fund

MPLX

Monolithic Power Systems

Neuberger Berman Next Generation Connectivity Fund

Rice Acquisition Corp II

NVIDIA

Sempra Energy

Taiwan Semiconductor Manufacturing

Tortoise Energy Infrastructure

Williams

Stock #4: Atlantica Sustainable Infrastructure plc (NASDAQ: AY) Yield: 9.79% Shares for $50,000: 2,705 Annual Passive Income: ~$4,895 Headquartered in Brentford, United Kingdom, Atlantica Sustainable Infrastructure Plc is engaged in green energy production, along with operation of electric transmission lines and water desalination.

Want $27,000 In Passive Income? Invest $50,000 In These Dividend Stocks

HOUSTON, April 11, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that its board of directors has declared an increase to its quarterly cash dividend to $0.75 per common share, or $3.00 per common share on an annualized basis, for the first quarter of 2024, consistent with previously disclosed expectations. This dividend represents a 50 percent increase over the common dividend declared with respect to the first quarter of 2023. This cash dividend will be paid May 15, 2024 on all outstanding common shares to holders of record as of the close of business on April 30, 2024.

Targa Resources Corp. Declares Increase to Quarterly Common Dividend and Announces Timing of First Quarter 2024 Earnings Webcast

Marathon Petroleum

Exxon Mobil

The crude oil price has been on a winning streak lately, with brent crude oil reaching a high of over $91 per barrel today, its highest price since October last year. All in all, the crude oil price has gained more than 8% in the past month.

Top 3 US oil stocks to buy in April as crude prices surge

HOUSTON, March 26, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that representatives from the Company will participate in investor meetings at the J.P. Morgan Midwest Utilities & Midstream 1x1 Forum in Chicago, IL on Thursday, March 28, 2024.

Targa Resources Corp. to Participate in J.P. Morgan Midwest Utilities & Midstream 1x1 Forum

Halliburton

Valero Energy

Considering the unpredictability and volatility of the energy space, we advise focusing on broker-favored stocks like Halliburton (HAL), Valero Energy (VLO) and Targa Resources (TRGP).

Keep a Tab On These 3 Broker-Recommended Energy Stocks

Amazon

Alexandria Real Estate Equities

Delta Air Lines

Lamb Weston Hlds

Microsoft

NiSource

Schlumberger

Uber

Tired of hearing investors and analysts gush over Nvidia stock? It's definitely a popular S&P 500 stock, but by no means the favorite.

Analysts Like Nvidia — But They Love These 9 Stocks Even More

General Mills

It's no secret that lots of analysts like tech behemoths like Amazon.com Inc., Microsoft Corp. and Nvidia Corp. amid the AI gold rush. But as of Friday, they liked one just a bit more, at least based on the percentage of ‘buy' recommendations: Delta Air Lines Inc.

With second-quarter results around the corner, here are the stocks that analysts like the most

Builders FirstSource

Catalent

Disney

Fortinet

Juniper Networks

Tapestry

Missed big runs in some S&P 500 stocks? Don't worry — it's not too late.

8 Stocks Already Up Big This Year Will Rise Even More, Analysts

Targa Resources reported solid Q4 results, with adjusted EBITDA growing 14%. The Permian will power results in 2024 and 2025, as new projects in the basin come online. TRGP will see lower growth capex in 2025, which should lead to robust free cash flow.

Targa: 2024 Shaping Up To Be A Good Year

HOUSTON, March 01, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that representatives from the Company will participate in investor meetings at the Morgan Stanley Energy & Power Conference in New York City, NY on Wednesday, March 6, 2024.

Targa Resources Corp. to Participate in Morgan Stanley Energy & Power Conference

HOUSTON, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that representatives from the Company will participate in investor meetings at the THRIVE Energy Conference by Daniel Energy Partners in Houston, TX on Wednesday, February 21, 2024.

Targa Resources Corp. to Participate in THRIVE Energy Conference by Daniel Energy Partners

ON Semiconductor

The conventional wisdom is that hiring older, more experienced S&P 500 CEOs is the best way to ensure solid results, financially and in the markets. However, recent data from executive search firm Spencer Stuart suggests that conventional might not be the best way to handle the future changes all industries go through.

S&P 500 Spotlight: 3 Under-50 CEOs and Their Must-Buy Stocks

Allstate

Estee Lauder

Eli Lilly

Merck

Paramount Global

Stanley Black & Decker

Tyson Foods

Investors are understandably jazzed about Nvidia's upcoming earnings report for last year. But analysts think a surprisingly large number of companies will grow even faster this year.

8 Companies' Profit Is Expected To Outgrow Even Nvidia's This Year

Targa (TRGP) expects 2024 growth capital expenditures between $2.3 billion and $2.5 billion, with net maintenance capital spending of $225 million.

Targa (TRGP) Q4 Earnings and Revenues Miss Estimates

Although the revenue and EPS for Targa Resources, Inc. (TRGP) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Targa Resources, Inc. (TRGP) Reports Q4 Earnings: What Key Metrics Have to Say

HOUSTON, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("TRGP" or the "Company" or "Targa") has filed its Form 10-K with the Securities and Exchange Commission (SEC) for the year ended December 31, 2023. The report may be accessed at www.sec.gov.

Targa Resources Corp. Announces Form 10-K Available

Targa Resources Corp. (NYSE:TRGP ) Q4 2023 Earnings Conference Call February 15, 2024 11:00 AM ET Company Participants Sanjay Lad - VP, Finance & IR Matt Meloy - CEO Jen Kneale - CFO Scott Pryor - President, Logistics and Transportation Pat McDonie - President, Gathering and Processing Bobby Muraro - Chief Commercial Officer Conference Call Participants Jeremy Tonet - JPMorgan Spiro Dounis - Citigroup Brian Reynolds - UBS Tristan Richardson - Scotiabank Theresa Chen - Barclays Neel Mitra - Bank of America Merrill Lynch Keith Stanley - Wolfe Research John Mackay - Goldman Sachs Michael Blum - Wells Fargo Operator Good day and thank you for standing by. Welcome to the Targa Resources Corp. Fourth Quarter 2023 Earnings Webcast and Presentation.

Targa Resources Corp. (TRGP) Q4 2023 Earnings Call Transcript

HOUSTON, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) (“TRGP,” the “Company” or “Targa”) today reported fourth quarter and full year 2023 results.

Targa Resources Corp. Reports Record Fourth Quarter and Full Year 2023 Financial Results and Provides Outlook for 2024 and Positioning in 2025

What could be a better gift than a list of Wall Street's favorite stocks?

Six Stocks Wall Street Loves for Valentine's Day

News for Targa Resources Stock (TRGP)