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.

Calumet Inc

NGL Energy Partners

Sunoco

Favorable fundamentals, especially robust fuel demand, have kept margins healthy for the wider Zacks Oil and Gas – Refining & Marketing MLP industry even as the space grapples with volatility.

4 Refining & Marketing MLP Stocks on Solid Ground

Jacobs Solutions Inc

S&P Global

Regarding the best stocks to buy, some investors look to analyst consensus stocks — companies that everyone on Wall Street fawns over. I did a quick Finviz.com screen of S&P 500 companies.

Top Picks: 3 Stocks That (Almost) All Analysts Agree On

Aptiv

Baker Hughes Co

MGM Resorts

NVIDIA

SolarEdge Technologies

Target

United Continental Hlds

Posting 150% quarterly profit growth is impressive anytime. But it's especially head-turning when the rest of the S&P 500's profit falls.

What Earnings Recession? 8 Stocks' Profit Poised To Boom 150%-Plus

HOUSTON, July 13, 2023 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced its quarterly dividend on common shares with respect to the second quarter of 2023.

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

CSI Compressco

Cenovus Energy

Enbridge

Equitrans Midstream

Genesis Energy

VanEck Vectors Oil Services ETF

Plains All American Pipeline

Pembina Pipeline

Transocean

Sitio Royalties Corp

TC Energy

Viper Energy Partners LP

Western Gas Partners

Energy Select Sector SPDR Fund

SPDR S&P Oil & Gas Exploration & Production ETF

Energy shares traded aimlessly on low volume until indicators pointed to a tightening oil market late in the week. Friday saw dramatic outperformance in response to improving oil market fundamentals despite heightened macro concerns. The late-week price action suggests further oil market tightening will push oil-related equities higher over the coming months.

Energy Income Weekly: The Week's Price Action Bodes Well For The Second Half

Chevron

Halliburton

Schlumberger

Exxon Mobil

According to FactSet's Earnings Insights report from June 9, although analysts are forecasting S&P earnings to decline in the current quarter, they project EPS growth to return in the second half of the year.

Rising Optimism: Analysts Say "Buy" Despite Earnings Uncertainty

Alaska Air Group

Alexandria Real Estate Equities

Axon Enterprise

Bio-Rad Laboratories

Delta Air Lines

Vici Properties

Analysts rarely agree on much. So when they do — especially on the best S&P 500 stocks to buy — it's worth hearing them out.

Analysts Are Almost 100% Certain You Should Buy These 10 Stocks

]HOUSTON, June 19, 2023 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that representatives from the Company will present at the J.P. Morgan Energy, Power and Renewables Conference in New York City at 1:35 p.m. Eastern Time (12:35 p.m. Central Time) on Wednesday, June 21, 2023. Representatives from the Company will also participate in investor meetings at the conference on Wednesday, June 21, 2023.

Targa Resources Corp. to Participate in J.P. Morgan Energy, Power and Renewables Conference

Enterprise Products Partners

Energy Transfer LP Unit

Cheniere Energy

Plains GP Hlds

With solid first-quarter earnings in the rearview and lots of upside opportunity, it's an exciting time for MLPs and the midstream space. VettaFi recently sat down with Raymond James analyst J.R.

Raymond James Analyst on MLPs and the Outlook for Natural Gas

APA Corporation

CF Industries Holdings

Devon Energy

Enphase Energy

Diamondback Energy

Moderna

Marathon Oil

Growth stocks in the S&P 500 are racing back. And analysts are scrambling to choose their favorites.

Growth Stocks Are Back — Analysts Like These 8 The Best

Targa (TRGP) expects an adjusted EBITDA of $3.5-$3.7 billion, growth capital expenditures of $2-$2.2 billion and net maintenance capital spending of $175 million for 2023.

Targa's (TRGP) Q1 Earnings & Revenues Miss Estimates

Steel Dynamics

United Rentals

Thanks to the advent of fractional share investing, you can take $500 and create a portfolio of numerous stocks. That's part of the democratization of investing.

The 3 Best Stocks to Buy With $500 Right Now

Targa Resources Corp. (NYSE:TRGP ) Q1 2023 Earnings Conference Call May 4, 2023 11:00 AM ET Company Participants Sanjay Lad - Vice President-Finance and Investor Relations Matt Meloy - Chief Executive Officer Jennifer Kneale - Chief Financial Officer Pat McDonie - President-Gathering and Processing Scott Pryor - President-Logistics and Transportation Bobby Muraro - Chief Commercial Officer and General Partner Conference Call Participants Michael Blum - Wells Fargo Brian Reynolds - UBS Jeremy Tonet - JPMorgan Tristan Richardson - Scotiabank Keith Stanley - Wolfe Research Colton Bean - Tudor, Pickering, Holt & Co. Sunil Sibal - Seaport Global Neal Dingmann - Capsecurities Operator Good day, and thank you for standing by. Welcome to the Targa Resources Corp. First Quarter 2023 Earnings Call.

Targa Resources Corp. (TRGP) Q1 2023 Earnings Call Transcript

HOUSTON, May 04, 2023 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) (“TRGP,” the “Company” or “Targa”) today reported first quarter 2023 results.

Targa Resources Corp. Reports First Quarter 2023 Financial Results

The fundamental picture for the Zacks Oil and Gas - Refining & Marketing MLP industry continues to show signs of tightening. This bodes well for firms like TRGP, SUN, CLMT and NGL.

4 Refining & Marketing MLP Stocks That Should be on Investors' Radar

Targa Resources, Inc. (TRGP) could produce exceptional returns because of its solid growth attributes.

Here is Why Growth Investors Should Buy Targa Resources, Inc. (TRGP) Now

The average of price targets set by Wall Street analysts indicates a potential upside of 27.4% in Targa Resources, Inc. (TRGP). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts Believe Targa Resources, Inc. (TRGP) Could Rally 27.4%: Here's is How to Trade

Targa Resources, Inc. (TRGP) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

Targa Resources, Inc. (TRGP) Is Attractively Priced Despite Fast-paced Momentum

Anheuser-Busch InBev

Sensata Technologies Hld

Investors may keep a tab on stocks like AON, ST, TRGP and BUD, which have lately hiked their dividend payments.

4 Stocks to Watch on Dividend Hikes as Inflation Softens

HOUSTON, April 17, 2023 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that Joel Thomas has been appointed Senior Vice President - Finance and Treasurer of the Company effective April 13, 2023.

Targa Resources Corp. Announces the Appointment of Joel Thomas to Senior Vice President - Finance and Treasurer

Procter & Gamble

QUALCOMM

Procter & Gamble, Qualcomm, and Targa Resources declared dividend increases this week.

3 Companies That Raised Their Dividends This Week

HOUSTON, April 13, 2023 (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 $0.50 per common share, or $2.00 per common share on an annualized basis, for the first quarter of 2023, consistent with previously disclosed expectations. This dividend represents a 43 percent increase over the common dividend declared with respect to the first quarter of 2022. This cash dividend will be paid May 15, 2023 on all outstanding common shares to holders of record as of the close of business on April 28, 2023.

Targa Resources Corp. Declares Increase to Quarterly Common Dividend and Announces Timing of First Quarter 2023 Earnings Webcast

Black Stone Minerals LP

Delek Logistics Partners

EnLink Midstream

Global Partners

Hess

Hess Midstream Partners

Occidental Petroleum

Tellurian

The energy sector gained 6.3% in response to surging oil prices and improving oil-market fundamentals. Oilfield services was the best-performing energy sub-sector.

Energy Income Weekly: Improving Oil Market Fundamentals To Drive Energy Outperformance

Chesapeake Energy

While the broad oil-and-gas industry continues to rally, Targa Resources Corp. (NYSE: TRGP), Chesapeake Energy Corp. (NASDAQ: CHK), and EQT Corp. (NYSE: EQT) are standouts when it comes to institutional buying. All three recently increased their dividends, giving investors some extra incentive on top of rising share prices.

Institutions Snapping Up These 3 Energy-Sector Dividend Payers

GE HealthCare Technologies Inc

Synopsys

Zoetis

Finding S&P 500 stocks that analysts agree on is rare. So when you see nearly unanimous agreement on some, that's quite a statement.

Analysts Agree Now's The Time To Buy These 10 Promising Stocks

News for Targa Resources Stock (TRGP)