Targa Resources Corp. (TRGP)
| Market Cap | 44.23B |
| Revenue (ttm) | 16.22B |
| Net Income (ttm) | 1.23B |
| Shares Out | 218.06M |
| EPS (ttm) | 5.53 |
| PE Ratio | 36.67 |
| Forward PE | 26.71 |
| Dividend | $3.00 (1.48%) |
| Ex-Dividend Date | Oct 31, 2024 |
| Volume | 1,370,627 |
| Open | 204.81 |
| Previous Close | 203.57 |
| Day's Range | 201.22 - 205.20 |
| 52-Week Range | 81.03 - 205.20 |
| Beta | 2.24 |
| Analysts | Strong Buy |
| Price Target | 171.88 (-15.26%) |
| Earnings Date | Nov 5, 2024 |
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 $171.88, which is a decrease of -15.26% 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
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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
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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
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Midstream Energy - Relative Quality
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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
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