Targa Resources Corp. (TRGP)
| Market Cap | 38.55B |
| Revenue (ttm) | 16.22B |
| Net Income (ttm) | 1.23B |
| Shares Out | 218.06M |
| EPS (ttm) | 5.53 |
| PE Ratio | 31.96 |
| Forward PE | 23.54 |
| Dividend | $3.00 (1.70%) |
| Ex-Dividend Date | Oct 31, 2024 |
| Volume | 1,661,501 |
| Open | 171.68 |
| Previous Close | 172.53 |
| Day's Range | 171.53 - 176.80 |
| 52-Week Range | 81.03 - 209.87 |
| Beta | 2.28 |
| Analysts | Strong Buy |
| Price Target | 176.19 (-0.34%) |
| Earnings Date | Feb 13, 2025 |
About TRGP
Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of complementary domestic midstream infrastructure assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Transportation. The company is involved 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 petr... [Read more]
Financial Performance
In 2023, Targa Resources's revenue was $16.06 billion, a decrease of -23.27% compared to the previous year's $20.93 billion. Earnings were $828.20 million, a decrease of -7.65%.
Financial StatementsAnalyst Forecast
According to 16 analysts, the average rating for TRGP stock is "Strong Buy." The 12-month stock price forecast is $176.19, which is a decrease of -0.34% from the latest price.
News
Targa Resources: The Price Is Not Always Right (Rating Downgrade)
TRGP's price performance over the last several months has been incredibly strong, pushing it out past my price target for 2026. The new growth projects announced by the company will likely cause the c...
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 ...
Targa Resources: Assuming The Past Never Happens Again
Target Resources cut its dividend in 2020 to repay debt faster, reflecting its aggressive growth strategy. Midstream earnings are protected by "take-or-pay" contracts, but growth often slows during cy...
Four Midstream Energy CEFs Now Offer Strong Total Return Potential
The energy sector, particularly midstream companies, is set to benefit from Trump's pro-oil and gas policies, boosting fossil fuel investments. Midstream companies like Energy Transfer are experiencin...
Targa Resources Corp (TRGP) Q3 2024 Earnings Call Transcript
Targa Resources Corp (NYSE:TRGP) Q3 2024 Results Conference Call November 5, 2024 11:00 AM ET Company Participants Tristan Richardson - IR Matt Meloy - CEO & Director Jen Kneale - President of Financ...
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.
Very Good News For Big Dividend Infrastructure Stocks
Big dividend infrastructure stocks have surged recently. We discuss the two major catalysts for this surge. We also share several opportunities that remain very attractive in the space.
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 websi...
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.
One Stock Most Likely To Miss Q3 2024 Estimates
Wall Street analysts were overly optimistic about second-quarter earnings for most S&P 500 companies, with 74% of Street EPS exceeding Core EPS. Our analysis reveals that Street Earnings overstate pro...
Midstream Energy - Relative Quality
Many midstream energy companies pay stable, well-supported distributions or dividends with yields well over 5%. The relative quality of twenty-nine midstream energy companies was evaluated by means of...
Targa Resources Corp. to Participate in Wolfe Research Utilities, Midstream & Clean Energy Conference
HOUSTON, Sept. 27, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that representatives from the Company will participate virtually from Houston,...
Targa Resources Corp. to Participate in Barclays CEO Energy & Power Conference
HOUSTON, Aug. 30, 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 ...
Targa Resources Corp. to Participate in Citi One-on-One Midstream and New Energy Infrastructure Conference
HOUSTON, Aug. 09, 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 ...
Targa Resources Corp. Prices $1.0 Billion Offering of Senior Notes
HOUSTON, Aug. 06, 2024 (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 billio...
Targa Resources: Large Growth Potential With High Capex Spending
Targa Resources is a high-growth midstream play whose assets provide an integrated system to deliver NGLs from the wellhead to export terminals. The company is very comparable to Enterprise Products i...
Targa Resources Corp. (TRGP) Q2 2024 Earnings Call Transcript
Targa Resources Corp. (NYSE:TRGP) Q2 2024 Earnings Conference Call August 1, 2024 11:00 AM ET Company Participants Sanjay Lad - Vice President, Finance and Investor Relations Matt Meloy - Chief Execu...
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.
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.
Energy Stocks: Winners And Losers At The Beginning Of H2 2024
The energy sector underperformed the S&P500 in Q2 2024, continuing a trend that started earlier, and this is likely to continue heading into H2 2024. There are a number of factors that seem to be weig...
Top Growth And Dividend Long-Term Stocks For Mid-Year 2024
The Top Dividend Growth stock model aims to deliver optimal total return with reliable growth factors and high dividends for higher profitability long-term. Only one stock of the 15 largest Mega Cap s...
Super Micro and Nvidia lead the S&P 500 this year. These stocks follow.
This has been a very good year for the stock market as a whole, although the performance of broad U.S. indexes also underscores how important the weighting of an index can be.