Group 1 - Oakmark Fund underperformed the S&P 500 Index in Q3 2025 but has outperformed the benchmark since inception [1] - Financials and energy sectors were the largest contributors to the fund's performance, while health care and consumer staples detracted [1] - Targa Resources Corp. (NYSE:TRGP) was highlighted as a significant stock in the fund's portfolio [2][3] Group 2 - Targa Resources Corp. has a one-month return of -3.05% and a 52-week loss of 2.69%, with a market capitalization of $34.71 billion [2] - Targa is a leading midstream natural gas and NGL company, controlling 90% of the fractionation capacity in Mont Belvieu, benefiting from cost advantages and barriers to entry [3] - Approximately 90% of Targa's earnings come from multi-year fee-based arrangements, providing stability against market fluctuations [3] Group 3 - Targa Resources Corp. is not among the 30 most popular stocks among hedge funds, with 48 hedge fund portfolios holding the stock at the end of Q2 2025 [4] - There is a belief that certain AI stocks may offer greater upside potential compared to Targa Resources Corp. [4]

Core Viewpoint - Targa Resources Corp. (NYSE:TRGP) experienced a significant decline in share price, attributed to a reduction in price target by BofA and falling oil prices, despite ongoing growth initiatives in the Permian basin [1][2]. Group 1: Stock Performance - The share price of Targa Resources Corp. fell by 6.83% from September 26 to October 3, 2025, ranking it among the energy stocks that lost the most during that week [1]. - BofA reduced the stock's price target from $220 to $200 while maintaining a 'Buy' rating, indicating a mixed sentiment towards the stock [2]. Group 2: Company Initiatives - Targa Resources announced plans to construct the Speedway NGL Pipeline and a new gas processing plant, with an estimated cost of $1.6 billion, to support its production growth in the Permian basin [3]. - The company will also proceed with the construction of the Yeti gas processing plant, which has a capacity of 275 million cubic feet per day, in the Permian Delaware Basin [3].

Core Insights - Targa Resources Corp. (TRGP) has announced significant investments in its Permian Basin operations, including a new NGL pipeline and natural gas infrastructure [1][2] - The Speedway NGL Pipeline will have an initial capacity of 500,000 barrels per day, with potential future expansions to double this capacity, costing $1.6 billion and expected to be operational by Q3 2027 [1] - A new natural gas processing plant, the Yeti plant, will provide 275 million cubic feet per day processing capacity, aimed at transporting NGLs to the fractionation and storage complex in Mont Belvieu, Texas [1] Investment and Growth - The Buffalo Run project will enhance connections between Delaware and Midland natural gas assets, utilizing a mix of new and existing pipelines, expected to be completed by early 2028 [2] - TRGP's expected capital expenditures for 2025 have increased from $2.85-$3.05 billion to $3.3 billion due to these projects [2] - The company has experienced meaningful volume growth in its Permian Basin assets, with a robust outlook for continued growth in 2026 [2] Market Position - TRGP is recognized as a top-10 holding in the Alerian Energy Infrastructure ETF (ENFR), which tracks the Alerian Midstream Energy Select Index (AMEI) yielding 5.3% as of October 1 [2]

Core Insights - Targa Resources Corp. (NYSE:TRGP) is recognized as a leading midstream energy company with a robust infrastructure connecting North American natural gas and natural gas liquids to key markets, providing stable fee-based revenue streams for long-term investors [1][4] Group 1: Recent Developments - In September 2025, Targa launched the Forza Pipeline Project in the Delaware Basin, a 36-mile pipeline capable of transporting up to 750,000 dekatherms per day, enhancing its capacity to meet rising demand for cleaner fuel infrastructure [2] - Approximately 90% of Targa's earnings are derived from multi-year, fee-based contracts, which protect the company from commodity price fluctuations [4] Group 2: Market Position and Growth Potential - BMO Capital initiated a "Buy" rating for Targa, highlighting its strong asset base and strategic positioning in the Delaware and Midland basins, making it a top stock in the midstream energy sector [3] - Targa's controlling position in the Mont Belvieu fractionation hub, along with strong insider ownership and improving EBIT margins, bolsters its long-term growth outlook [4]

Core Viewpoint - Targa Resources Corp. is advancing several organic growth projects to enhance NGL and natural gas production in the Permian Basin, addressing customer infrastructure needs [1][2][3]. Group 1: New Projects - Targa plans to construct the Speedway NGL Pipeline, a ~500-mile pipeline with an initial capacity of ~500 MBbl/d, expandable to 1,000 MBbl/d, expected to be operational by Q3 2027 at an estimated cost of $1.6 billion [2]. - The company is also building the Yeti gas processing plant with a capacity of 275 MMcf/d, expected to be in service by Q3 2027, as part of five new gas processing plants in the Permian with a total capacity of 1.4 Bcf/d [3]. - A new 35-mile natural gas pipeline and a 55-mile conversion of an existing pipeline into natural gas service, collectively known as Buffalo Run, will enhance connectivity across Targa's plants and is expected to be completed by early 2028 [4]. Group 2: Financial Outlook - Targa estimates total net growth capital expenditures for 2025 to be around $3.3 billion, which includes costs for the Speedway pipeline and long-lead items for the Yeti plant [5]. - The company anticipates significant volume growth in 2026, supported by ongoing projects and a favorable industry trend of rising gas-to-oil ratios in the Permian Basin [6]. Group 3: Company Overview - Targa Resources Corp. is a leading midstream service provider and one of the largest independent infrastructure companies in North America, focusing on the efficient delivery of energy [8]. - The company operates a diversified portfolio of assets that connect natural gas and NGLs to both domestic and international markets, catering to the growing demand for cleaner fuels [8].

Core Viewpoint - Targa Resources Inc. has shown strong stock performance with a 2.17% increase in the current session, a 5.25% rise over the past month, and an 18.82% increase over the past year, leading to optimism among long-term shareholders, although concerns about potential overvaluation based on the price-to-earnings (P/E) ratio are present [1]. Group 1: Stock Performance - The current trading price of Targa Resources Inc. is $173.84, reflecting a 2.17% spike [1]. - Over the past month, the stock has increased by 5.25% [1]. - In the past year, the stock has risen by 18.82% [1]. Group 2: P/E Ratio Analysis - The P/E ratio is a critical metric for long-term shareholders to evaluate the company's market performance against historical earnings and industry standards [5]. - Targa Resources Inc. has a P/E ratio of 24.41, which is higher than the industry average P/E ratio of 16.62 in the Oil, Gas & Consumable Fuels sector [6]. - A higher P/E ratio may indicate that shareholders expect Targa Resources Inc. to outperform its industry group, but it could also suggest that the stock is overvalued [6]. Group 3: Limitations of P/E Ratio - While the P/E ratio is useful for market performance analysis, it has limitations and should not be used in isolation [9]. - A lower P/E can indicate undervaluation or a lack of expected future growth from shareholders [9]. - Other factors, such as industry trends and business cycles, should also be considered alongside the P/E ratio for informed investment decisions [9].

Targa Resources Corp. (NYSE:TRGP) is one of the Most Promising Energy Stocks According to Wall Street Analysts. On September 18, Ameet Thakkar, an analyst from BMO Capital, initiated a “Buy” rating on the company’s stock with a price target of $185. The analyst’s rating is backed by a combination of factors demonstrating Targa Resources Corp. (NYSE:TRGP)’s growth potential and value. As per the analyst, the company remains well-placed to thrive even in the challenging Permian rig environment, with expectat ...

Group 1 - Loop Capital analyst Ananda Baruah initiated coverage on CoreWeave, Inc. (CRWV) with a Buy rating and a price target of $165, while shares closed at $121.39 [6] - BMO Capital analyst Ameet Thakkar initiated coverage on The Williams Companies, Inc. (WMB) with an Outperform rating and a price target of $66, with shares closing at $60.38 [6] - BMO Capital analyst Ameet Thakkar also initiated coverage on Targa Resources Corp. (TRGP) with an Outperform rating and a price target of $185, while shares closed at $170.12 [6] - Barclays analyst William Grippin initiated coverage on Clean Harbors, Inc. (CLH) with an Equal-Weight rating and a price target of $253, with shares closing at $237.14 [6] - Barclays analyst William Grippin initiated coverage on Republic Services, Inc. (RSG) with an Equal-Weight rating and a price target of $240, while shares closed at $226.71 [6]

Core Insights - Targa Resources Corp. (TRGP) is a leading U.S. midstream energy company with a market cap of $35.8 billion, operating in Gathering & Processing and Logistics & Transportation segments [1][2] - The company benefits from fee-based contracts that mitigate exposure to commodity price fluctuations, while ongoing expansion projects enhance growth potential [2] - TRGP shares are currently trading 25.3% below their 52-week high, with a recent decline of 6.6% over the past three months, underperforming the Nasdaq Composite [3][4] Financial Performance - In Q2, TRGP reported a revenue increase of 20% year-over-year to $4.26 billion, driven by higher NGL volumes and stronger natural gas prices [5] - Net income attributable to common shareholders more than doubled to $629.1 million from $298.5 million in the prior year, with adjusted EBITDA rising 18% to $1.16 billion [5] - The company reaffirmed its full-year 2025 adjusted EBITDA guidance of $4.65–$4.85 billion, anticipating growth in Permian gathering and processing operations [6]

Core Insights - The focus is on generating a 7%+ income yield through investments in energy stocks while minimizing principal loss [1] - The investment strategy includes managing risk through options and providing both micro and macro analysis of energy companies [1] Group 1 - The investment group "Energy Profits in Dividends" aims to provide early access to investment ideas and in-depth research for subscribers [1] - The leader of the group emphasizes a long position in MPLX shares, indicating a positive outlook on this stock [1] - Subscribers have had the opportunity to act on investment insights since the article's publication date [2] Group 2 - The article highlights the importance of energy-related funds and acknowledges that positions in these funds may change without prior notice [2] - There is a disclaimer regarding the lack of control over the funds mentioned, emphasizing the dynamic nature of investment positions [2] - The article does not provide specific investment recommendations or guarantees regarding future performance [3]