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
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/23/2026 | $192.00 → $220.00 | Hold | TD Cowen |
| 9/19/2025 | $185.00 | Outperform | BMO Capital Markets |
| 7/7/2025 | $192.00 | Hold | TD Cowen |
| 1/10/2025 | $218.00 | Sector Outperform | Scotiabank |
| 10/17/2024 | $182.00 | Buy | BofA Securities |
| 10/6/2023 | $101.00 | Buy | Goldman |
| 3/2/2023 | $115.00 | Sector Outperform | Scotiabank |
| 12/9/2022 | $95.00 | Buy | Citigroup |
| 9/8/2022 | $93.00 | Buy | Goldman |
| 5/2/2022 | $78.00 | Buy | Truist |
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4 - Targa Resources Corp. (0001389170) (Issuer)
4 - Targa Resources Corp. (0001389170) (Issuer)
4 - Targa Resources Corp. (0001389170) (Issuer)
4 - Targa Resources Corp. (0001389170) (Issuer)
4 - Targa Resources Corp. (0001389170) (Issuer)
4 - Targa Resources Corp. (0001389170) (Issuer)
4 - Targa Resources Corp. (0001389170) (Issuer)
4 - Targa Resources Corp. (0001389170) (Issuer)
4 - Targa Resources Corp. (0001389170) (Issuer)
4 - Targa Resources Corp. (0001389170) (Issuer)
8-K - Targa Resources Corp. (0001389170) (Filer)
FWP - Targa Resources Corp. (0001389170) (Subject)
424B5 - Targa Resources Corp. (0001389170) (Filer)
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10-K - Targa Resources Corp. (0001389170) (Filer)
8-K - Targa Resources Corp. (0001389170) (Filer)
8-K - Targa Resources Corp. (0001389170) (Filer)
8-K - Targa Resources Corp. (0001389170) (Filer)
FWP - Targa Resources Corp. (0001389170) (Subject)
10-Q - Targa Resources Corp. (0001389170) (Filer)
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HOUSTON, Feb. 25, 2026 (GLOBE NEWSWIRE) -- Targa Resources Corp. ("Targa" or the "Company") (NYSE:TRGP) announced today the pricing of an underwritten public offering (the "Offering") of $750 million aggregate principal amount of its 4.350% Senior Notes due 2031 and $750 million aggregate principal amount of its 6.050% Senior Notes due 2056 at a price to the public of 99.812% and 99.975% of their face value, respectively. The Offering is expected to close on March 2, 2026, subject to the satisfaction of customary closing conditions. The Company expects to use the net proceeds from the Offering for general corporate purposes, including to repay borrowings under its unsecured commercial pap
HOUSTON, Feb. 19, 2026 (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, 2025. 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
HOUSTON, Feb. 19, 2026 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("TRGP," the "Company" or "Targa") today reported fourth quarter and full year 2025 results. Fourth quarter 2025 net income attributable to Targa Resources Corp. was $545 million compared to $351 million for the fourth quarter of 2024. For the full year 2025, net income attributable to Targa Resources Corp. was $1,923 million compared to $1,312 million for 2024. The Company reported adjusted earnings before interest, income taxes, depreciation and amortization, and other non-cash items ("adjusted EBITDA")(1) of $1,341 million for the fourth quarter of 2025 compared to $1,122 million for the fourth quarter of 20
HOUSTON, Jan. 15, 2026 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("Targa" or the "Company") today announced its quarterly dividend on common shares with respect to the fourth quarter of 2025. Targa 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 fourth quarter of 2025. This cash dividend will be paid February 13, 2026, on all outstanding common shares to holders of record as of the close of business on January 30, 2026. For the first quarter of 2026, Targa intends to recommend to its Board of Directors an increase to its common dividend to $1.25 per common s
HOUSTON, Jan. 06, 2026 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("Targa" or the "Company") announced today that it has closed the previously announced acquisition of Stakeholder Midstream, LLC for $1.25 billion in cash. The acquisition has an effective date of January 1, 2026. About Targa Resources Corp. Targa Resources Corp. is a leading provider of midstream services and is one of the largest independent infrastructure companies in North America. The Company owns, operates, acquires and develops a diversified portfolio of complementary domestic infrastructure assets, and its operations are critical to the efficient, safe and reliable delivery of energy across the United
$1.25 billion purchase price represents ~6 times 2026 estimated unlevered adjusted free cash flowUnderpinned by long-term acreage dedications of ~170,000 acres and attractive fee-based contractsStable volume profile with significant additional economic drilling opportunitiesFurther enhances Targa's leading sour gas treating capabilities and expands Targa's gathering and processing (G&P) footprint in the Permian BasinIncreases scale and cash flow with minimal impact to pro forma leverage HOUSTON, Dec. 01, 2025 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("Targa" or the "Company") announced today a definitive agreement under which a wholly-owned subsidiary of Targa will acquire S
HOUSTON, Nov. 06, 2025 (GLOBE NEWSWIRE) -- Targa Resources Corp. ("Targa" or the "Company") (NYSE:TRGP) announced today the pricing of an underwritten public offering (the "Offering") of $750 million aggregate principal amount of its 4.350% Senior Notes due 2029 and $1.0 billion aggregate principal amount of its 5.400% Senior Notes due 2036 at a price to the public of 99.938% and 99.920% of their face value, respectively. The Offering is expected to close on November 12, 2025, subject to the satisfaction of customary closing conditions. The Company expects to use a portion of the net proceeds from the Offering to redeem the 6.875% Senior Notes due 2029 (the "6.875% 2029 Notes") issued by
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, Sept. 30, 2025 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("Targa" or "the Company") announced today new organic growth projects to support continuing NGL and natural gas production growth in the Permian Basin and to meet the infrastructure needs of its customers. With ~1 million barrels per day of natural gas liquids ("NGLs") currently being transported on Targa's existing NGL transportation system, including volumes from the Pembrook II plant that came online during the third quarter of 2025 in the Permian Midland and is currently running at high utilization, Targa is moving forward with plans to construct the Speedway NGL Pipeline ("Speedway"). Speedway will transpo
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TD Cowen reiterated coverage of Targa Resources with a rating of Hold and set a new price target of $220.00 from $192.00 previously
BMO Capital Markets initiated coverage of Targa Resources with a rating of Outperform and set a new price target of $185.00
TD Cowen initiated coverage of Targa Resources with a rating of Hold and set a new price target of $192.00
Scotiabank resumed coverage of Targa Resources with a rating of Sector Outperform and set a new price target of $218.00
BofA Securities resumed coverage of Targa Resources with a rating of Buy and set a new price target of $182.00
Goldman resumed coverage of Targa Resources with a rating of Buy and set a new price target of $101.00
Scotiabank initiated coverage of Targa Resources with a rating of Sector Outperform and set a new price target of $115.00
Citigroup initiated coverage of Targa Resources with a rating of Buy and set a new price target of $95.00
Goldman resumed coverage of Targa Resources with a rating of Buy and set a new price target of $93.00
Truist resumed coverage of Targa Resources with a rating of Buy and set a new price target of $78.00
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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
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
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HOUSTON, Feb. 19, 2026 (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, 2025. 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
HOUSTON, Jan. 15, 2026 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("Targa" or the "Company") today announced its quarterly dividend on common shares with respect to the fourth quarter of 2025. Targa 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 fourth quarter of 2025. This cash dividend will be paid February 13, 2026, on all outstanding common shares to holders of record as of the close of business on January 30, 2026. For the first quarter of 2026, Targa intends to recommend to its Board of Directors an increase to its common dividend to $1.25 per common s
HOUSTON, Jan. 06, 2026 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("Targa" or the "Company") announced today that it has closed the previously announced acquisition of Stakeholder Midstream, LLC for $1.25 billion in cash. The acquisition has an effective date of January 1, 2026. About Targa Resources Corp. Targa Resources Corp. is a leading provider of midstream services and is one of the largest independent infrastructure companies in North America. The Company owns, operates, acquires and develops a diversified portfolio of complementary domestic infrastructure assets, and its operations are critical to the efficient, safe and reliable delivery of energy across the United
$1.25 billion purchase price represents ~6 times 2026 estimated unlevered adjusted free cash flowUnderpinned by long-term acreage dedications of ~170,000 acres and attractive fee-based contractsStable volume profile with significant additional economic drilling opportunitiesFurther enhances Targa's leading sour gas treating capabilities and expands Targa's gathering and processing (G&P) footprint in the Permian BasinIncreases scale and cash flow with minimal impact to pro forma leverage HOUSTON, Dec. 01, 2025 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("Targa" or the "Company") announced today a definitive agreement under which a wholly-owned subsidiary of Targa will acquire S
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, Sept. 30, 2025 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("Targa" or "the Company") announced today new organic growth projects to support continuing NGL and natural gas production growth in the Permian Basin and to meet the infrastructure needs of its customers. With ~1 million barrels per day of natural gas liquids ("NGLs") currently being transported on Targa's existing NGL transportation system, including volumes from the Pembrook II plant that came online during the third quarter of 2025 in the Permian Midland and is currently running at high utilization, Targa is moving forward with plans to construct the Speedway NGL Pipeline ("Speedway"). Speedway will transpo
HOUSTON, Sept. 15, 2025 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("Targa" or the "Company") announced today that its Sustainability Report for 2024 is now available on the Company's website at https://www.targaresources.com/sustainability. The report provides a review of Targa's performance for calendar year 2024 against various environmental, social, and governance topics that we believe are important to our industry and our business. The report references the Global Reporting Initiative ("GRI") Standards, International Financial Reporting Standards' ("IFRS"), Sustainability Accounting Standards Board's ("SASB") Oil & Gas Midstream Standard, and the Task Force on Climate-Rel
HOUSTON, July 10, 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 second quarter of 2025. This cash dividend will be paid August 15, 2025 on all outstanding common shares to holders of record as of the close of business on July 31, 2025. The Company will report its second quarter 2025 financial results before the market opens for trading on Thursday, August 7, 2025, and will host a live webcast at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) to discuss its 2025 second quarter finan
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