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

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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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HOUSTON, Jan. 22, 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 U.S. Capital Advisors Midstream Corporate Access Day in Houston, TX on Tuesday, January 23, 2024.

Targa Resources Corp. to Participate in U.S. Capital Advisors Midstream Corporate Access Day

HOUSTON, Jan. 18, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced its quarterly dividend on common shares with respect to the fourth quarter of 2023.

Targa Resources Corp. Announces Quarterly Dividend and Timing of Fourth Quarter 2023 Earnings Webcast

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Targa Resources is an attractive option in the midstream space with strong growth prospects tied to the Permian Basin. The company also has direct commodity price exposure to NGLs and natural gas, and should benefit from any rebound. Targa is aggressively returning capital back to shareholders through dividend hikes and buybacks and looks attractive at current levels given its growth prospects.

Targa Offers Some Of The Best Growth In The Midstream Space

HOUSTON, Dec. 01, 2023 (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 following investor conferences in New York City, NY:

Targa Resources Corp. to Participate in Investor Conferences

Targa (TRGP) expects 2023 adjusted EBITDA to be in the $3.5-$3.7 billion range, with capital expenditures between $2 billion and $2.2 billion, and net maintenance capital spending of $200 million.

Targa's (TRGP) Q3 Earnings and Revenues Miss Estimates

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HOUSTON, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Targa Resources Corp. (“Targa” or the “Company”) (NYSE: TRGP), announced today the pricing of an underwritten public offering (the “Offering”) of $1.0 billion aggregate principal amount of its 6.150% Senior Notes due 2029 and $1.0 billion aggregate principal amount of its 6.500% Senior Notes due 2034 at a price to the public of 99.779% and 99.949% of their face value, respectively. The Offering is expected to close on November 9, 2023, subject to the satisfaction of customary closing conditions.

Targa Resources Corp. Prices $2.0 Billion Offering of Senior Notes

The headline numbers for Targa Resources, Inc. (TRGP) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, Targa Resources, Inc. (TRGP) Q3 Earnings: A Look at Key Metrics

Targa Resources Corp. (TRGP) Q3 2023 Earnings Call Transcript

HOUSTON, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) (“TRGP,” the “Company” or “Targa”) today reported third quarter 2023 results.

Targa Resources Corp. Reports Third Quarter 2023 Financial Results and Announces Expectations for a 50% Year-Over-Year Increase to 2024 Common Dividend

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HOUSTON, Oct. 12, 2023 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced its quarterly dividend on common shares with respect to the third quarter of 2023.

Targa Resources Corp. Announces Quarterly Dividend and Timing of Third Quarter 2023 Earnings Webcast

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HOUSTON, Sept. 25, 2023 (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 Wolfe Research Utilities, Midstream and Clean Energy Conference on Wednesday, September 27, 2023 in New York City, NY.

Targa Resources Corp. to Participate in Wolfe Research Utilities, Midstream and Clean Energy Conference

Targa Resources is a vertically integrated midstream company focused on natural gas and NGLs. The company is investing in new projects, including additional gas processing capacity, NGL transportation, fractionation trains, and NGL export capacity. Targa's EBITDA is expected to grow by 24% in the next 4+ years, with the fractionation business projected to grow by 31.5%.

Targa Resources Growing Organically

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Targa (TRGP) anticipates adjusted EBITDA in the $3.5-$3.7 billion range, growth capital expenditures in the $2.2-$2 billion range, and net maintenance capital expenditures of $175 million for 2023.

Targa (TRGP) Q2 Earnings Surpass Estimates, Revenues Miss

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Targa Resources Corp. (NYSE:TRGP ) Q2 2023 Results Conference Call August 3, 2023 11:00 AM ET Company Participants Sanjay Lad - Vice President of Finance and Investor Relations Matt Meloy - Chief Executive Officer Jen Kneale - Chief Financial Officer Pat McDonie - President, Gathering and Processing Scott Pryor - President, Logistics and Transportation Bobby Muraro - Chief Commercial Officer Conference Call Participants Theresa Chen - Barclays Jeremy Tonet - JPMorgan Securities Michael Blum - Wells Fargo Neel Mitra - Bank of America Colton Bean - TPH & Company Keith Stanley - Wolfe Research Brian Reynolds - UBS Tristan Richardson - Scotiabank Jake Nivasch - Truist Securities Sunil Sibal - Seaport Global Operator Good day, and thank you for standing by. Welcome to the Targa Resources Corporation Second Quarter 2023 Earnings Webcast Presentation [Operator Instructions].

Targa Resources Corp. (TRGP) Q2 2023 Earnings Call Transcript

HOUSTON, Aug. 03, 2023 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) (“TRGP,” the “Company” or “Targa”) today reported second quarter 2023 results.

Targa Resources Corp. Reports Second Quarter 2023 Financial Results

News for Targa Resources Stock (TRGP)