Targa Resources Corp. (TRGP)
| Market Cap | 44.82B |
| Revenue (ttm) | 16.38B |
| Net Income (ttm) | 1.27B |
| Shares Out | 218.11M |
| EPS (ttm) | 5.74 |
| PE Ratio | 35.80 |
| Forward PE | 26.08 |
| Dividend | $3.00 (1.46%) |
| Ex-Dividend Date | Jan 31, 2025 |
| Volume | 966,167 |
| Open | 205.68 |
| Previous Close | 204.96 |
| Day's Range | 204.39 - 208.10 |
| 52-Week Range | 110.09 - 218.51 |
| Beta | 2.32 |
| Analysts | Strong Buy |
| Price Target | 205.11 (-0.19%) |
| Earnings Date | May 1, 2025 |
About TRGP
Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of complementary domestic 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 petroleum gas ... [Read more]
Financial Performance
In 2024, Targa Resources's revenue was $16.38 billion, an increase of 2.00% compared to the previous year's $16.06 billion. Earnings were $1.27 billion, an increase of 53.28%.
Financial StatementsAnalyst Forecast
According to 18 analysts, the average rating for TRGP stock is "Strong Buy." The 12-month stock price forecast is $205.11, which is a decrease of -0.19% from the latest price.
News
Targa Resources May Still Interest Growth Investors
Targa Resources Corporation, a $43.5 billion market cap gas midstream company focused on NGLs, offers a dividend yield of $3.00/share (1.5%) with an expected increase to $2.00/share (2.0%). The compan...
Miller-Howard Infrastructure Q4 2024 Commentary
Infrastructure portfolio remained flat in Q4 but achieved its strongest calendar year in three years, outperforming its benchmark. Rising interest rates impacted REITs and utilities, while natural gas...
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...
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 yea...
Targa Resources Corp. (TRGP) Q4 2024 Earnings Call Transcript
Targa Resources Corp. (NYSE:TRGP) Q4 2024 Earnings Conference Call February 20, 2025 11:00 AM ET Company Participants Tristan Richardson - Vice President, Investor Relations & Fundamentals Matt Meloy...
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.
Never seen better opportunities in the energy transition, infrastructure: Neuberger Berman's Rachlin
Doug Rachlin, Neuberger Berman senior portfolio manager, joins 'Squawk on the Street' to discuss the opportunity set for the firm's energy transition and infrastructure strategy.
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.
3 Energy Stocks to Buy After Biden's Offshore Oil Ban
President Joe Biden's remaining days in office are dwindling, but one last-minute decision of his could have a major impact on the energy market that will linger long past January 20, 2025.
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 ...