TRGP - Earnings announcements

HOUSTON, April 16, 2026 (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 $1.25 per common share, or $5.00 per common share on an annualized basis, for the first quarter of 2026, consistent with previously disclosed expectations. This dividend represents a 25 percent increase over the common dividend declared with respect to the first quarter of 2025. This cash dividend will be paid May 15, 2026 on all outstanding common shares to holders of record as of the close of business on April 30, 2026. The Company will report its first quarter 2026 financial result

HOUSTON, Nov. 05, 2025 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("TRGP," the "Company" or "Targa") today reported third quarter 2025 results. Third quarter 2025 net income attributable to Targa Resources Corp. was $478.4 million compared to $387.4 million for the third quarter of 2024. The Company reported adjusted earnings before interest, income taxes, depreciation and amortization, and other non-cash items ("adjusted EBITDA")(1) of $1,274.8 million for the third quarter of 2025 compared to $1,069.7 million for the third quarter of 2024. Highlights Record adjusted EBITDA for the third quarter of $1.3 billion, a 19% increase year over year and a 10% increase compared to th

HOUSTON, Oct. 16, 2025 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("Targa" or the "Company") announced today that its board of directors has declared a quarterly cash dividend of $1.00 per common share, or $4.00 per common share on an annualized basis, for the third quarter of 2025. This cash dividend will be paid November 17, 2025 on all outstanding common shares to holders of record as of the close of business on October 31, 2025. The Company will report its third quarter 2025 financial results before the market opens for trading on Wednesday, November 5, 2025, and will host a live webcast at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) to discuss its 2025 third quarter

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

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

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

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

HOUSTON, May 02, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("TRGP," the "Company" or "Targa") today reported first quarter 2024 results. First quarter 2024 net income attributable to Targa Resources Corp. was $275.2 million compared to $497.0 million for the first quarter of 2023. The Company reported record adjusted earnings before interest, income taxes, depreciation and amortization, and other non-cash items ("adjusted EBITDA")(1) of $966.2 million for the first quarter of 2024 compared to $940.6 million for the first quarter of 2023. Highlights Record adjusted EBITDA for the first quarter of $966.2 millionRecord Permian and liquefied petroleum gas ("LPG") expo

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. The Company will report its first quarter 2024 financial result

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 announced today that its board of directors has declared a quarterly cash dividend of $0.50 per common share, or $2.00 per common share on an annualized basis, for the fourth quarter of 2023. This cash dividend will be paid February 15, 2024 on all outstanding common shares to holders of record as of the close of business on January 31, 2024. For the first quarter of 2024, Targa intends to recommend to its Board of Directors an increase to its common dividend to $0.75 per common share or

HOUSTON, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("TRGP," the "Company" or "Targa") today reported third quarter 2023 results. Third quarter 2023 net income attributable to Targa Resources Corp. was $220.0 million compared to $193.1 million for the third quarter of 2022. Highlights Reported adjusted EBITDA(1) for the third quarter of $840 million, a 6% sequential increaseReported record NGL transportation volumes during the third quarterCompleted its 1 million barrel per month LPG export expansion at Galena ParkCompleted its new 275 million cubic feet per day ("MMcf/d") Greenwood plant in Permian MidlandRepurchased $132 million of common st

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 announced today that its board of directors has declared a quarterly cash dividend of $0.50 per common share, or $2.00 per common share on an annualized basis, for the third quarter of 2023. This cash dividend will be paid November 15, 2023 on all outstanding common shares to holders of record as of the close of business on October 31, 2023. The Company will report its third quarter 2023 financial results before the market opens for trading on Thursday, November 2, 2023 and will host a li

HOUSTON, Aug. 03, 2023 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("TRGP," the "Company" or "Targa") today reported second quarter 2023 results. Second quarter 2023 net income attributable to Targa Resources Corp. was $329.3 million compared to $596.4 million for the second quarter of 2022. The Company recognized a $435.9 million gain from sale of an equity method investment in the second quarter of 2022. Highlights Continue to estimate 2023 adjusted EBITDA(1) between $3.5 billion and $3.7 billionRepurchased $149 million of common stock during the second quarter and $201 million for the six months ended June 30, 2023 at a weighted average p

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 announced today that its board of directors has declared a quarterly cash dividend of $0.50 per common share, or $2.00 per common share on an annualized basis, for the second quarter of 2023. This cash dividend will be paid August 15, 2023 on all outstanding common shares to holders of record as of the close of business on July 31, 2023. The Company will report its second quarter 2023 financial results before the market opens for trading on Thursday, August 3, 2023 and will host a live w

HOUSTON, May 04, 2023 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("TRGP," the "Company" or "Targa") today reported first quarter 2023 results. First quarter 2023 net income attributable to Targa Resources Corp. was $497.0 million compared to $88.0 million for the first quarter of 2022. The Company reported adjusted earnings before interest, income taxes, depreciation and amortization, and other non-cash items ("adjusted EBITDA") of $940.6 million for the first quarter of 2023 compared to $625.8 million for the first quarter of 2022. The Company reported distributable cash flow and adjusted free cash flow for the first quarter of 2023 of $729.4 million and $314.0 million, respe

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. The Company will report its first quarter 2023 financial result

HOUSTON, Jan. 19, 2023 (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 2022. Targa announced today that its board of directors has declared a quarterly cash dividend of $0.35 per common share, or $1.40 per common share on an annualized basis, for the fourth quarter of 2022. This cash dividend will be paid February 15, 2023 on all outstanding common shares to holders of record as of the close of business on January 31, 2023. The Company will report its fourth quarter 2022 financial results before the market opens for trading on Wednesday, February 22, 2023 and will host

HOUSTON, Nov. 03, 2022 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("TRGP," the "Company" or "Targa") today reported third quarter 2022 results. Third Quarter 2022 Financial Results Third quarter 2022 net income attributable to Targa Resources Corp. was $193.1 million compared to $182.2 million for the third quarter of 2021. The Company reported record adjusted earnings before interest, income taxes, depreciation and amortization, and other non-cash items ("adjusted EBITDA") of $768.6 million for the third quarter of 2022 compared to $505.9 million for the third quarter of 2021. On October 13, 2022, Targa declared a quarterly dividend of $0.35 per share of its common stock fo

HOUSTON, Oct. 13, 2022 (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 2022. Targa announced today that its board of directors has declared a quarterly cash dividend of $0.35 per common share, or $1.40 per common share on an annualized basis, for the third quarter of 2022. This cash dividend will be paid November 15, 2022 on all outstanding common shares to holders of record as of the close of business on October 31, 2022. The Company will report its third quarter 2022 financial results before the market opens for trading on Thursday, November 3, 2022 and will host a li

HOUSTON, July 14, 2022 (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 2022. Targa announced today that its board of directors has declared a quarterly cash dividend of $0.35 per common share, or $1.40 per common share on an annualized basis, for the second quarter of 2022. This cash dividend will be paid August 15, 2022 on all outstanding common shares to holders of record as of the close of business on July 29, 2022. The Company will report its second quarter 2022 financial results before the market opens for trading on Thursday, August 4, 2022 and will host a live w

HOUSTON, April 14, 2022 (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 first quarter of 2022. Targa announced today that its board of directors has declared a quarterly cash dividend of $0.35 per common share, or $1.40 per common share on an annualized basis, for the first quarter of 2022. This cash dividend will be paid May 16, 2022 on all outstanding common shares to holders of record as of the close of business on April 29, 2022. Targa also announced today that its board of directors has declared a quarterly cash dividend of $2

HOUSTON, Feb. 24, 2022 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("TRC", the "Company" or "Targa") today reported fourth quarter and full year 2021 results. Fourth Quarter and Full Year 2021 Financial Results Fourth quarter 2021 net income (loss) attributable to Targa Resources Corp. was $(313.6) million (including a non-cash pre-tax impairment loss of $452.3 million on assets in SouthTX associated with Targa's Central operations) compared to $33.6 million for the fourth quarter of 2020. For the full year 2021, net income (loss) attributable to Targa Resources Corp. was $71.2 million compared to ($1,553.9) million for 2020. In the first quarter of 2020, the Company recorded a

HOUSTON, Jan. 20, 2022 (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 fourth quarter of 2021. Targa announced today that its board of directors has declared a quarterly cash dividend of $0.35 per common share, or $1.40 per common share on an annualized basis, for the fourth quarter of 2021, consistent with previously disclosed expectations. This cash dividend will be paid February 15, 2022 on all outstanding common shares to holders of record as of the close of business on January 31, 2022. This dividend represents a 350 percent in

HOUSTON, Nov. 04, 2021 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("TRC", the "Company" or "Targa") today reported third quarter 2021 results. Third Quarter 2021 Financial Results Third quarter 2021 net income attributable to Targa Resources Corp. was $182.2 million compared to net income of $69.3 million for the third quarter of 2020. The Company reported adjusted earnings before interest, income taxes, depreciation and amortization, and other non-cash items ("Adjusted EBITDA") of $505.9 million for the third quarter of 2021 compared to $419.1 million for the third quarter of 2020 (see the section of this release entitled "Non-GAAP Financial Measures" for a discussion

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 announced today that its board of directors has declared a quarterly cash dividend of $0.10 per common share, or $0.40 per common share on an annualized basis, for the third quarter of 2021. This cash dividend will be paid November 15, 2021 on all outstanding common shares to holders of record as of the close of business on October 29, 2021. Targa also announced today that its board of directors has declared a quarterly cash dividend

HOUSTON, Aug. 05, 2021 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("TRC", the "Company" or "Targa") today reported second quarter 2021 results. Second Quarter 2021 Financial Results Second quarter 2021 net income attributable to Targa Resources Corp. was $56.2 million compared to net income of $81.0 million for the second quarter of 2020. The Company reported adjusted earnings before interest, income taxes, depreciation and amortization, and other non-cash items ("Adjusted EBITDA") of $460.0 million for the second quarter of 2021 compared to $351.2 million for the second quarter of 2020 (see the section of this release entitled "Non-GAAP Financial Measures" for a discussion o