Wall Street analysts are too bullish on third quarter earnings expectations for most S&P 500 companies. The percentage of S&P 500 companies whose Street EPS exceeds our Core EPS equals 74% through 2Q24. For the stock most likely to beat, see Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving com ...

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, TX in investor meetings at the Wolfe Research Utilities, Midstream & Clean Energy Conference held in New York, NY on Monday, September 30, 2024. A copy of the slides used for the conference meetings will be available in the Investors section of the Company's website at www.targaresources.com, or by going to ht ...

Targa Resources Corp. (TRGP) has had a remarkable run this year, with its share price jumping 75.9% year to date, which is an impressive feat compared with the broader oil and energy sector managing only a 2.9% gain. Even within its sub-industry, which has gained 40.6%, TRGP has performed remarkably. With the S&P 500 rising 19.7%, it's clear that TRGP is booming while many others are lagging behind. This raises an important question for investors: Should they take a leap and ride this wave or hold for a bet ...

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 the Citi One-on-One Midstream and New Energy Infrastructure Conference in Las Vegas, NV on Tuesday, August 13 and Wednesday, August 14, 2024. A copy of the slides used for the conference meetings will be available in the Investors section of the Company's website at www.targaresources.com, or by going to https: ...

Targa Resources Corp. (TRGP) reported second-quarter 2024 earnings of $1.33 per share, which beat the Zacks Consensus Estimate of $1.21. The outperformance could be attributed to strong volumes across its systems in the reported quarter. However, the bottom line deteriorated from the year-ago quarter's level of $1.44. The year-over-year underperformance resulted from higher product costs. Revenues totaled $3.6 billion, up 4.6% year over year. The increase was driven by higher sales of commodities and fees f ...

DNY59 Thesis Targa Resources (NYSE:TRGP) is a midstream company that focuses its operations on a vertically integrated value chain for natural gas and natural gas liquids out of the Permian Basin. The wellhead to the water strategy gives a one-stop shop from the Permian Basin to international export markets. Over the last two years, TRGP has deployed an impressive amount of capital to expand its natural gas processing and NGL fractionation capabilities out of the Permian Basin. The company has a full set of ...

HOUSTON, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("TRGP," the "Company" or "Targa") today reported second quarter 2024 results. Second quarter 2024 net income attributable to Targa Resources Corp. was $298.5 million compared to $329.3 million for the second quarter of 2023. The Company reported adjusted earnings before interest, income taxes, depreciation and amortization, and other non-cash items ("adjusted EBITDA")(1) of $984.3 million for the second quarter of 2024 compared t ...

Based in Houston, Targa Resources, Inc. (TRGP) is in the Oils-Energy sector, and so far this year, shares have seen a price change of 53.81%. The company is paying out a dividend of $0.75 per share at the moment, with a dividend yield of 2.25% compared to the Oil and Gas - Refining and Marketing - Master Limited Partnerships industry's yield of 6.29% and the S&P 500's yield of 1.57%. High-growth firms or tech start-ups, for example, rarely provide their shareholders a dividend, while larger, more establishe ...

About Targa Resources Corp. Targa is a FORTUNE 500 company and is included in the S&P 500. For more information, please visit the Company's website at www.targaresources.com. Forward-Looking Statements Sanjay Lad Vice President, Finance & Investor Relations Jennifer Kneale Chief Financial Officer Targa Resources Corp. is a leading provider of midstream services and is one of the largest independent midstream infrastructure companies in North America. The Company owns, operates, acquires and develops a diver ...

Targa announced today that its board of directors has declared a quarterly cash dividend of $0.75 per common share, or $3.00 per common share on an annualized basis, for the second quarter of 2024. This cash dividend will be paid August 15, 2024 on all outstanding common shares to holders of record as of the close of business on July 31, 2024. Event Information Event: Targa Resources Corp. Second Quarter 2024 Earnings Webcast and Presentation Date: Thursday, August 1, 2024 Time: 11:00 a.m. Eastern Time Webc ...