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    Targa Resources Inc.

    Subscribe to $TRGP
    $TRGP
    Natural Gas Distribution
    Utilities

    Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of midstream energy assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Transportation. The company engages in gathering, compressing, treating, processing, transporting, and selling natural gas; storing, fractionating, treating, transporting, and selling natural gas liquids (NGL) and NGL products, including services to liquefied petroleum gas exporters; and gathering, purchasing, storing, terminaling, and selling crude oil. It is also involved in the purchase and resale of NGL products; and wholesale of propane, as well as provision of related logistics services to multi-state retailers, independent retailers, and other end-users. In addition, the company offers NGL balancing services; and transportation services to refineries and petrochemical companies in the Gulf Coast area, as well as purchases, markets, and resells natural gas. It operates approximately 28,700 miles of natural gas pipelines, including 42 owned and operated processing plants; and owns or operates a total of 34 storage wells with a gross storage capacity of approximately 75 million barrels. As of December 31, 2020, the company leased and managed approximately 694 railcars; 124 transport tractors; and 2 company-owned pressurized NGL barges. Targa Resources Corp. was incorporated in 2005 and is headquartered in Houston, Texas.

    IPO Year: 2010

    Exchange: NYSE

    Website: targaresources.com

    Peers

    $ET
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    Recent Analyst Ratings for Targa Resources Inc.

    DatePrice TargetRatingAnalyst
    1/10/2025$218.00Sector Outperform
    Scotiabank
    10/17/2024$182.00Buy
    BofA Securities
    10/6/2023$101.00Buy
    Goldman
    3/2/2023$115.00Sector Outperform
    Scotiabank
    12/9/2022$95.00Buy
    Citigroup
    9/8/2022$93.00Buy
    Goldman
    5/2/2022$78.00Buy
    Truist
    3/18/2022$58.00 → $85.00Neutral → Buy
    Mizuho
    2/25/2022$70.00 → $80.00Strong Buy
    Raymond James
    2/7/2022$62.00In-line → Outperform
    Evercore ISI
    See more ratings

    Targa Resources Inc. Press Releases

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    • Targa Resources Corp. Reports Record First Quarter 2025 Financial Results

      HOUSTON, May 01, 2025 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("TRGP," the "Company" or "Targa") today reported first quarter 2025 results. First quarter 2025 net income attributable to Targa Resources Corp. was $270.5 million compared to $275.2 million for the first quarter of 2024. The Company reported adjusted earnings before interest, income taxes, depreciation and amortization, and other non-cash items ("adjusted EBITDA")(1) of $1,178.5 million for the first quarter of 2025 compared to $966.2 million for the first quarter of 2024. Highlights Record first quarter 2025 adjusted EBITDA of $1.2 billion, a 22% increase year over yearRepurchased $214 million of

      5/1/25 6:00:37 AM ET
      $TRGP
      Natural Gas Distribution
      Utilities
    • Targa Resources Corp. Declares Increase to Quarterly Common Dividend and Announces Timing of First Quarter 2025 Earnings Webcast

      HOUSTON, April 10, 2025 (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 $1.00 per common share, or $4.00 per common share on an annualized basis, for the first quarter of 2025, consistent with previously disclosed expectations. This dividend represents a 33 percent increase over the common dividend declared with respect to the first quarter of 2024. This cash dividend will be paid May 15, 2025 on all outstanding common shares to holders of record as of the close of business on April 30, 2025. The Company will report its first quarter 2025 financial result

      4/10/25 5:15:04 PM ET
      $TRGP
      Natural Gas Distribution
      Utilities
    • TRAVERSE PIPELINE REACHES FINAL INVESTMENT DECISION TO TRANSPORT NATURAL GAS BETWEEN AGUA DULCE AND THE KATY AREA

      AUSTIN, Texas, April 3, 2025 /PRNewswire/ -- WhiteWater today announced that WhiteWater, MPLX LP (NYSE:MPLX), and Enbridge Inc. (NYSE:ENB), through the WPC joint venture ("WPC"), have partnered with an affiliate of Targa Resources Corp. (NYSE:TRGP) and have reached final investment decision to move forward with the construction of the Traverse Pipeline, having secured sufficient firm transportation agreements with investment grade shippers. The bi-directional Traverse Pipeline is designed to transport up to 1.75 billion cubic feet per day (Bcf/d) of natural gas through approxi

      4/3/25 6:45:00 AM ET
      $ENB
      $MPLX
      $TRGP
      Natural Gas Distribution
      Energy
      Utilities
    • Targa Resources Corp. Prices $2.0 Billion Offering of Senior Notes

      HOUSTON, Feb. 24, 2025 (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 5.550% Senior Notes due 2035 and $1.0 billion aggregate principal amount of its 6.125% Senior Notes due 2055 at a price to the public of 99.610% and 99.781% of their face value, respectively. The Offering is expected to close on February 27, 2025, subject to the satisfaction of customary closing conditions. The Company expects to use a portion of the net proceeds from the Offering to fund the repurchase from the Company's joint venture partner of all of the o

      2/24/25 8:51:40 PM ET
      $TRGP
      Natural Gas Distribution
      Utilities
    • Targa Resources Corp. Announces Form 10-K Available

      HOUSTON, Feb. 20, 2025 (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, 2024. The report may be accessed at www.sec.gov. The report is also available in the Investors section of the Company's website at www.targaresources.com, or by going directly to https://www.targaresources.com/investors/financial-information/sec-filings. Hard copies of the report may be ordered free of charge by contacting the Company's investor relations department by email at [email protected], or by phone at (713) 584-1133. About Targa Resources Corp

      2/20/25 5:00:02 PM ET
      $TRGP
      Natural Gas Distribution
      Utilities
    • Targa Resources Corp. Reports Record Fourth Quarter and Full Year 2024 Financial Results, Provides Growth Outlook for 2025 and Announces Refinancing of Badlands Preferred Equity

      HOUSTON, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("TRGP," the "Company" or "Targa") today reported fourth quarter and full year 2024 results. Fourth quarter 2024 net income attributable to Targa Resources Corp. was $351.0 million compared to $299.6 million for the fourth quarter of 2023. For the full year 2024, net income attributable to Targa Resources Corp. was $1,312.0 million compared to $1,345.9 million for 2023. The Company reported adjusted earnings before interest, income taxes, depreciation and amortization, and other non-cash items ("adjusted EBITDA")(1) of $1,122.2 million for the fourth quarter of 2024 compared to $959.9 million for the fourth quart

      2/20/25 6:00:31 AM ET
      $TRGP
      Natural Gas Distribution
      Utilities
    • Targa Resources Corp. Announces Quarterly Dividend and Timing of Fourth Quarter 2024 Earnings Webcast

      HOUSTON, Jan. 16, 2025 (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 2024. Targa announced today that its board of directors has declared a quarterly cash dividend of $0.75 per common share, or $3.00 per common share on an annualized basis, for the fourth quarter of 2024. This cash dividend will be paid February 14, 2025, on all outstanding common shares to holders of record as of the close of business on January 31, 2025. For the first quarter of 2025, Targa intends to recommend to its Board of Directors an increase to its common dividend to $1.00 per common sha

      1/16/25 7:00:44 PM ET
      $TRGP
      Natural Gas Distribution
      Utilities
    • Targa Resources Corp. to Participate in BofA Securities Global Energy Conference

      HOUSTON, Nov. 11, 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 BofA Securities Global Energy Conference in Houston, TX on Wednesday, November 13, 2024. A copy of the slides used for the conference meetings will be available in the Investors section of the Company's website at www.targaresources.com, or by going to https://www.targaresources.com/investors/events. About Targa Resources Corp. Targa Resources Corp. is a leading provider of midstream services and is one of the largest independent midstream infrastructure companies in North America. The C

      11/11/24 5:00:16 PM ET
      $TRGP
      Natural Gas Distribution
      Utilities
    • Targa Resources Corp. Reports Record Third Quarter 2024 Results and Announces Expectations for a 33% Year-Over-Year Increase to its 2025 Common Dividend

      HOUSTON, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("TRGP," the "Company" or "Targa") today reported third quarter 2024 results. Third quarter 2024 net income attributable to Targa Resources Corp. was $387.4 million compared to $220.0 million for the third quarter of 2023. The Company reported adjusted earnings before interest, income taxes, depreciation and amortization, and other non-cash items ("adjusted EBITDA")(1) of $1,069.7 million for the third quarter of 2024 compared to $840.2 million for the third quarter of 2023. Highlights Record adjusted EBITDA for the third quarter of $1.07 billionRecord Permian, NGL transportation, and fraction

      11/5/24 6:00:03 AM ET
      $TRGP
      Natural Gas Distribution
      Utilities
    • Targa Resources Corp. Releases Sustainability Report

      HOUSTON, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("Targa" or the "Company") announced today that its Sustainability Report for 2023 is now available on the Company's website at https://www.targaresources.com/sustainability. The report advances Targa's sustainability disclosures and provides a review of Targa's performance for calendar year 2023 against various environmental, social, and governance topics that we believe are important to our industry and our business. Highlights of Targa's Sustainability Report for the 2023 calendar year include the following: Decreased Gathering & Boosting (G&B) sector methane intensity by 19%;Exceeded the original methane int

      10/16/24 5:28:11 PM ET
      $TRGP
      Natural Gas Distribution
      Utilities

    Targa Resources Inc. Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

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    • Senior VP and CAO Eklof John Christopher covered exercise/tax liability with 991 shares, decreasing direct ownership by 7% to 13,693 units (SEC Form 4)

      4 - Targa Resources Corp. (0001389170) (Issuer)

      4/2/25 4:30:23 PM ET
      $TRGP
      Natural Gas Distribution
      Utilities
    • New insider Eklof John Christopher claimed ownership of 14,684 shares (SEC Form 3)

      3 - Targa Resources Corp. (0001389170) (Issuer)

      3/12/25 5:09:45 PM ET
      $TRGP
      Natural Gas Distribution
      Utilities
    • Director Cooksen Lindsey sold $208,042 worth of shares (1,050 units at $198.14), decreasing direct ownership by 9% to 11,075 units (SEC Form 4)

      4 - Targa Resources Corp. (0001389170) (Issuer)

      3/5/25 4:30:12 PM ET
      $TRGP
      Natural Gas Distribution
      Utilities
    • Director Chung Paul W sold $1,262,532 worth of shares (6,222 units at $202.91), decreasing direct ownership by 15% to 35,920 units (SEC Form 4)

      4 - Targa Resources Corp. (0001389170) (Issuer)

      3/5/25 4:30:07 PM ET
      $TRGP
      Natural Gas Distribution
      Utilities
    • Director Joyce Rene R gifted 2,200 shares, decreasing direct ownership by 1% to 213,678 units (SEC Form 4)

      4 - Targa Resources Corp. (0001389170) (Issuer)

      2/28/25 4:30:17 PM ET
      $TRGP
      Natural Gas Distribution
      Utilities
    • Officer Pryor D. Scott received a gift of 34,160 shares, sold $6,905,563 worth of shares (35,000 units at $197.30) and gifted 34,160 shares, decreasing direct ownership by 51% to 33,420 units (SEC Form 4)

      4 - Targa Resources Corp. (0001389170) (Issuer)

      2/27/25 5:20:02 PM ET
      $TRGP
      Natural Gas Distribution
      Utilities
    • Director Davis Waters S Iv sold $429,802 worth of shares (2,190 units at $196.26) and gifted 964 shares, decreasing direct ownership by 43% to 2,899 units (SEC Form 4)

      4 - Targa Resources Corp. (0001389170) (Issuer)

      2/27/25 4:30:12 PM ET
      $TRGP
      Natural Gas Distribution
      Utilities
    • Chief Executive Officer Meloy Matthew J sold $9,527,064 worth of shares (48,837 units at $195.08), decreasing direct ownership by 6% to 725,628 units (SEC Form 4)

      4 - Targa Resources Corp. (0001389170) (Issuer)

      2/26/25 6:22:14 PM ET
      $TRGP
      Natural Gas Distribution
      Utilities
    • Officer Kneale Jennifer R. sold $5,750,806 worth of shares (29,887 units at $192.42), decreasing direct ownership by 12% to 227,269 units (SEC Form 4)

      4 - Targa Resources Corp. (0001389170) (Issuer)

      2/26/25 6:21:55 PM ET
      $TRGP
      Natural Gas Distribution
      Utilities
    • Director Crisp Charles R sold $378,167 worth of shares (1,947 units at $194.23), decreasing direct ownership by 2% to 80,923 units (SEC Form 4)

      4 - Targa Resources Corp. (0001389170) (Issuer)

      2/26/25 6:02:49 PM ET
      $TRGP
      Natural Gas Distribution
      Utilities

    Targa Resources Inc. SEC Filings

    See more
    • SEC Form 10-Q filed by Targa Resources Inc.

      10-Q - Targa Resources Corp. (0001389170) (Filer)

      5/1/25 12:42:54 PM ET
      $TRGP
      Natural Gas Distribution
      Utilities
    • Targa Resources Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits

      8-K - Targa Resources Corp. (0001389170) (Filer)

      5/1/25 6:15:09 AM ET
      $TRGP
      Natural Gas Distribution
      Utilities
    • SEC Form DEFA14A filed by Targa Resources Inc.

      DEFA14A - Targa Resources Corp. (0001389170) (Filer)

      3/28/25 4:06:53 PM ET
      $TRGP
      Natural Gas Distribution
      Utilities
    • SEC Form DEF 14A filed by Targa Resources Inc.

      DEF 14A - Targa Resources Corp. (0001389170) (Filer)

      3/28/25 4:05:26 PM ET
      $TRGP
      Natural Gas Distribution
      Utilities
    • SEC Form 144 filed by Targa Resources Inc.

      144 - Targa Resources Corp. (0001389170) (Subject)

      3/25/25 4:39:48 PM ET
      $TRGP
      Natural Gas Distribution
      Utilities
    • SEC Form S-3ASR filed by Targa Resources Inc.

      S-3ASR - Targa Resources Corp. (0001389170) (Filer)

      3/21/25 4:31:19 PM ET
      $TRGP
      Natural Gas Distribution
      Utilities
    • SEC Form 144 filed by Targa Resources Inc.

      144 - Targa Resources Corp. (0001389170) (Subject)

      2/28/25 4:22:20 PM ET
      $TRGP
      Natural Gas Distribution
      Utilities
    • Targa Resources Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation

      8-K - Targa Resources Corp. (0001389170) (Filer)

      2/27/25 4:30:23 PM ET
      $TRGP
      Natural Gas Distribution
      Utilities
    • SEC Form 144 filed by Targa Resources Inc.

      144 - Targa Resources Corp. (0001389170) (Subject)

      2/25/25 6:13:00 PM ET
      $TRGP
      Natural Gas Distribution
      Utilities
    • Targa Resources Inc. filed SEC Form 8-K: Regulation FD Disclosure

      8-K - Targa Resources Corp. (0001389170) (Filer)

      2/25/25 4:41:51 PM ET
      $TRGP
      Natural Gas Distribution
      Utilities

    Targa Resources Inc. Leadership Updates

    Live Leadership Updates

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

      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. Joel joined Targa in 2012 where he served as Associate of Corporate Development and after increasing responsibilities through his time at Targa, was most recently Vice President of Corporate and Commercial Development. Prior to joining Targa, he was with Wells Fargo Securities, in their energy investment banking group. He holds a Bachelor of Business Administration in Business Honors and Finance from The University of Texas at Austin. About Targa R

      4/17/23 8:55:10 AM ET
      $TRGP
      Natural Gas Distribution
      Utilities
    • Targa Resources Corp. Announces Election of New Board Chairman

      HOUSTON, Jan. 04, 2021 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that Paul W. Chung retired from the management team and was appointed Chairman of the Board of Directors effective January 1, 2021. Joe Bob Perkins, previously Executive Chairman of the Board of Directors, retired from the management team and will continue to serve on the Board of Directors. The changes announced today continue the succession contemplated and approved by the Nominating and Governance Committee of Targa’s Board of Directors. From May 2004 to March 2020, Mr. Chung served as Executive Vice President, General Counsel and Secretary of the Company and its pre

      1/4/21 4:10:00 PM ET
      $TRGP
      Natural Gas Distribution
      Utilities

    Targa Resources Inc. Large Ownership Changes

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    • SEC Form SC 13G filed by Targa Resources Inc.

      SC 13G - Targa Resources Corp. (0001389170) (Subject)

      11/8/24 10:52:38 AM ET
      $TRGP
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    • SEC Form SC 13G/A filed by Targa Resources Inc. (Amendment)

      SC 13G/A - Targa Resources Corp. (0001389170) (Subject)

      1/30/24 11:02:47 AM ET
      $TRGP
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    • SEC Form SC 13G/A filed by Targa Resources Inc. (Amendment)

      SC 13G/A - Targa Resources Corp. (0001389170) (Subject)

      1/25/24 1:48:51 PM ET
      $TRGP
      Natural Gas Distribution
      Utilities
    • SEC Form SC 13G/A filed by Targa Resources Inc. (Amendment)

      SC 13G/A - Targa Resources Corp. (0001389170) (Subject)

      2/9/23 11:35:13 AM ET
      $TRGP
      Natural Gas Distribution
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    • SEC Form SC 13G/A filed by Targa Resources Inc. (Amendment)

      SC 13G/A - Targa Resources Corp. (0001389170) (Subject)

      2/3/23 4:27:53 PM ET
      $TRGP
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    • SEC Form SC 13G filed by Targa Resources Inc.

      SC 13G - Targa Resources Corp. (0001389170) (Subject)

      1/31/23 10:51:58 AM ET
      $TRGP
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    • SEC Form SC 13G filed by Targa Resources Inc.

      SC 13G - Targa Resources Corp. (0001389170) (Subject)

      6/9/22 3:20:06 PM ET
      $TRGP
      Natural Gas Distribution
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    • SEC Form SC 13G/A filed by Targa Resources Inc. (Amendment)

      SC 13G/A - Targa Resources Corp. (0001389170) (Subject)

      2/14/22 2:34:39 PM ET
      $TRGP
      Natural Gas Distribution
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    • SEC Form SC 13G/A filed by Targa Resources Inc. (Amendment)

      SC 13G/A - Targa Resources Corp. (0001389170) (Subject)

      2/10/22 8:37:56 AM ET
      $TRGP
      Natural Gas Distribution
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    • SEC Form SC 13G filed by Targa Resources Inc.

      SC 13G - Targa Resources Corp. (0001389170) (Subject)

      2/4/22 4:12:10 PM ET
      $TRGP
      Natural Gas Distribution
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    Targa Resources Inc. Financials

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    • Targa Resources Corp. Declares Increase to Quarterly Common Dividend and Announces Timing of First Quarter 2025 Earnings Webcast

      HOUSTON, April 10, 2025 (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 $1.00 per common share, or $4.00 per common share on an annualized basis, for the first quarter of 2025, consistent with previously disclosed expectations. This dividend represents a 33 percent increase over the common dividend declared with respect to the first quarter of 2024. This cash dividend will be paid May 15, 2025 on all outstanding common shares to holders of record as of the close of business on April 30, 2025. The Company will report its first quarter 2025 financial result

      4/10/25 5:15:04 PM ET
      $TRGP
      Natural Gas Distribution
      Utilities
    • TRAVERSE PIPELINE REACHES FINAL INVESTMENT DECISION TO TRANSPORT NATURAL GAS BETWEEN AGUA DULCE AND THE KATY AREA

      AUSTIN, Texas, April 3, 2025 /PRNewswire/ -- WhiteWater today announced that WhiteWater, MPLX LP (NYSE:MPLX), and Enbridge Inc. (NYSE:ENB), through the WPC joint venture ("WPC"), have partnered with an affiliate of Targa Resources Corp. (NYSE:TRGP) and have reached final investment decision to move forward with the construction of the Traverse Pipeline, having secured sufficient firm transportation agreements with investment grade shippers. The bi-directional Traverse Pipeline is designed to transport up to 1.75 billion cubic feet per day (Bcf/d) of natural gas through approxi

      4/3/25 6:45:00 AM ET
      $ENB
      $MPLX
      $TRGP
      Natural Gas Distribution
      Energy
      Utilities
    • Targa Resources Corp. Announces Form 10-K Available

      HOUSTON, Feb. 20, 2025 (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, 2024. The report may be accessed at www.sec.gov. The report is also available in the Investors section of the Company's website at www.targaresources.com, or by going directly to https://www.targaresources.com/investors/financial-information/sec-filings. Hard copies of the report may be ordered free of charge by contacting the Company's investor relations department by email at [email protected], or by phone at (713) 584-1133. About Targa Resources Corp

      2/20/25 5:00:02 PM ET
      $TRGP
      Natural Gas Distribution
      Utilities
    • Targa Resources Corp. Reports Record Fourth Quarter and Full Year 2024 Financial Results, Provides Growth Outlook for 2025 and Announces Refinancing of Badlands Preferred Equity

      HOUSTON, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("TRGP," the "Company" or "Targa") today reported fourth quarter and full year 2024 results. Fourth quarter 2024 net income attributable to Targa Resources Corp. was $351.0 million compared to $299.6 million for the fourth quarter of 2023. For the full year 2024, net income attributable to Targa Resources Corp. was $1,312.0 million compared to $1,345.9 million for 2023. The Company reported adjusted earnings before interest, income taxes, depreciation and amortization, and other non-cash items ("adjusted EBITDA")(1) of $1,122.2 million for the fourth quarter of 2024 compared to $959.9 million for the fourth quart

      2/20/25 6:00:31 AM ET
      $TRGP
      Natural Gas Distribution
      Utilities
    • Targa Resources Corp. Announces Quarterly Dividend and Timing of Fourth Quarter 2024 Earnings Webcast

      HOUSTON, Jan. 16, 2025 (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 2024. Targa announced today that its board of directors has declared a quarterly cash dividend of $0.75 per common share, or $3.00 per common share on an annualized basis, for the fourth quarter of 2024. This cash dividend will be paid February 14, 2025, on all outstanding common shares to holders of record as of the close of business on January 31, 2025. For the first quarter of 2025, Targa intends to recommend to its Board of Directors an increase to its common dividend to $1.00 per common sha

      1/16/25 7:00:44 PM ET
      $TRGP
      Natural Gas Distribution
      Utilities
    • Targa Resources Corp. Releases Sustainability Report

      HOUSTON, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("Targa" or the "Company") announced today that its Sustainability Report for 2023 is now available on the Company's website at https://www.targaresources.com/sustainability. The report advances Targa's sustainability disclosures and provides a review of Targa's performance for calendar year 2023 against various environmental, social, and governance topics that we believe are important to our industry and our business. Highlights of Targa's Sustainability Report for the 2023 calendar year include the following: Decreased Gathering & Boosting (G&B) sector methane intensity by 19%;Exceeded the original methane int

      10/16/24 5:28:11 PM ET
      $TRGP
      Natural Gas Distribution
      Utilities
    • Targa Resources Corp. Announces Quarterly Dividend and Timing of Third Quarter 2024 Earnings Webcast

      HOUSTON, Oct. 10, 2024 (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 2024. Targa announced today that its board of directors has declared a quarterly cash dividend of $0.75 per common share, or $3.00 per common share on an annualized basis, for the third quarter of 2024. This cash dividend will be paid November 15, 2024 on all outstanding common shares to holders of record as of the close of business on October 31, 2024. The Company will report its third quarter 2024 financial results before the market opens for trading on Tuesday, November 5, 2024 and will host a liv

      10/10/24 5:00:43 PM ET
      $TRGP
      Natural Gas Distribution
      Utilities
    • Targa Resources Corp. Reports Record Second Quarter 2024 Results and Increases Full Year 2024 Outlook

      HOUSTON, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("TRGP," the "Company" or "Targa") today reported second quarter 2024 results. Second quarter 2024 net income attributable to Targa Resources Corp. was $298.5 million compared to $329.3 million for the second quarter of 2023. The Company reported adjusted earnings before interest, income taxes, depreciation and amortization, and other non-cash items ("adjusted EBITDA")(1) of $984.3 million for the second quarter of 2024 compared to $789.1 million for the second quarter of 2023. Highlights Record adjusted EBITDA for the second quarter of $984.3 millionRecord Permian, NGL transportation, and fractionation v

      8/1/24 6:00:46 AM ET
      $ENB
      $MPLX
      $TRGP
      Natural Gas Distribution
      Energy
      Utilities
    • Blackcomb Pipeline Reaches Final Investment Decision to Transport Growing Natural Gas Production from the Permian Basin to the Gulf Coast Region

      AUSTIN, Texas, July 31, 2024 /PRNewswire/ -- WhiteWater today announced that WhiteWater, MPLX LP (NYSE:MPLX), and Enbridge Inc. (NYSE:ENB), through the WPC Joint Venture, the joint venture that owns the Whistler Pipeline, have partnered with an affiliate of Targa Resources Corp. (NYSE:TRGP) to reach final investment decision to move forward with the construction of the Blackcomb Pipeline after having secured sufficient firm transportation agreements with predominantly investment grade shippers, including, but not limited to, Devon Energy, Corp. (NYSE:DVN), Diamondback Energy, Inc. (NYSE:FANG), Marathon Petroleum Corp. (NYSE:MPC), and Targa Resources Corp. I Squared owns WhiteWater's stake in

      7/31/24 5:00:00 PM ET
      $DVN
      $ENB
      $FANG
      $MPC
      Oil & Gas Production
      Energy
      Natural Gas Distribution
      Integrated oil Companies
    • Targa Resources Corp. Announces Quarterly Common Dividend and Timing of Second Quarter 2024 Earnings Webcast

      HOUSTON, July 11, 2024 (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 2024. Targa announced today that its board of directors has declared a quarterly cash dividend of $0.75 per common share, or $3.00 per common share on an annualized basis, for the second quarter of 2024. This cash dividend will be paid August 15, 2024 on all outstanding common shares to holders of record as of the close of business on July 31, 2024. The Company will report its second quarter 2024 financial results before the market opens for trading on Thursday, August 1, 2024 and will host

      7/11/24 5:15:08 PM ET
      $TRGP
      Natural Gas Distribution
      Utilities

    Targa Resources Inc. Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

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    • Scotiabank resumed coverage on Targa Resources with a new price target

      Scotiabank resumed coverage of Targa Resources with a rating of Sector Outperform and set a new price target of $218.00

      1/10/25 8:44:20 AM ET
      $TRGP
      Natural Gas Distribution
      Utilities
    • BofA Securities resumed coverage on Targa Resources with a new price target

      BofA Securities resumed coverage of Targa Resources with a rating of Buy and set a new price target of $182.00

      10/17/24 8:10:50 AM ET
      $TRGP
      Natural Gas Distribution
      Utilities
    • Goldman resumed coverage on Targa Resources with a new price target

      Goldman resumed coverage of Targa Resources with a rating of Buy and set a new price target of $101.00

      10/6/23 7:41:37 AM ET
      $TRGP
      Natural Gas Distribution
      Utilities
    • Scotiabank initiated coverage on Targa Resources with a new price target

      Scotiabank initiated coverage of Targa Resources with a rating of Sector Outperform and set a new price target of $115.00

      3/2/23 8:56:29 AM ET
      $TRGP
      Natural Gas Distribution
      Utilities
    • Citigroup initiated coverage on Targa Resources with a new price target

      Citigroup initiated coverage of Targa Resources with a rating of Buy and set a new price target of $95.00

      12/9/22 7:34:12 AM ET
      $TRGP
      Natural Gas Distribution
      Utilities
    • Goldman resumed coverage on Targa Resources with a new price target

      Goldman resumed coverage of Targa Resources with a rating of Buy and set a new price target of $93.00

      9/8/22 7:39:16 AM ET
      $TRGP
      Natural Gas Distribution
      Utilities
    • Truist resumed coverage on Targa Resources with a new price target

      Truist resumed coverage of Targa Resources with a rating of Buy and set a new price target of $78.00

      5/2/22 9:22:01 AM ET
      $TRGP
      Natural Gas Distribution
      Utilities
    • Targa Resources upgraded by Mizuho with a new price target

      Mizuho upgraded Targa Resources from Neutral to Buy and set a new price target of $85.00 from $58.00 previously

      3/18/22 7:27:23 AM ET
      $TRGP
      Natural Gas Distribution
      Utilities
    • Raymond James reiterated coverage on Targa Resources with a new price target

      Raymond James reiterated coverage of Targa Resources with a rating of Strong Buy and set a new price target of $80.00 from $70.00 previously

      2/25/22 7:55:23 AM ET
      $TRGP
      Natural Gas Distribution
      Utilities
    • Targa Resources upgraded by Evercore ISI with a new price target

      Evercore ISI upgraded Targa Resources from In-line to Outperform and set a new price target of $62.00

      2/7/22 8:06:11 AM ET
      $TRGP
      Natural Gas Distribution
      Utilities