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 ...

Earnings growth looks solid for TRGP for this fiscal year. The Zacks Consensus Estimate for 2024 is $5.27 per share, with earnings expected to increase 43.99% from the year ago period. Bottom Line From greatly improving stock investing profits and reducing overall portfolio risk to providing tax advantages, investors like dividends for a variety of different reasons. It's important to keep in mind that not all companies provide a quarterly payout. Looking at dividend growth, the company's current annualized ...

HOUSTON, June 24, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today the following organizational changes, with the changes approved by Targa's Board of Directors effective July 22, 2024. As part of Targa's long-term development plans, Jennifer R. Kneale, current Chief Financial Officer ("CFO"), will become President - Finance and Administration. Jen will continue to report to Matthew J. Meloy, Targa's Chief Executive Officer. William A. Byers will join Ta ...

HOUSTON, June 24, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today the following organizational changes, with the changes approved by Targa's Board of Directors effective July 22, 2024. As part of Targa's long-term development plans, Jennifer R. Kneale, current Chief Financial Officer ("CFO"), will become President - Finance and Administration. Jen will continue to report to Matthew J. Meloy, Targa's Chief Executive Officer. William A. Byers will join Ta ...

In terms of dividend growth, the company's current annualized dividend of $3 is up 62.2% from last year. Over the last 5 years, Targa Resources, Inc. has increased its dividend 2 times on a year-over-year basis for an average annual increase of 1.67%. Future dividend growth will depend on earnings growth as well as payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Targa Resources's current payout ratio is 41%, meaning it paid out 41% of its traili ...

HOUSTON, May 20, 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 21st Annual Energy Infrastructure CEO & Investor Conference in Aventura, FL on Wednesday, May 22, 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://www.targaresources.com/investors/e ...

Core Viewpoint - Targa Resources Corp. will participate in the 21st Annual Energy Infrastructure CEO & Investor Conference on May 22, 2024, in Aventura, FL, highlighting its role in the energy infrastructure sector [1]. Company Overview - Targa Resources Corp. is a leading provider of midstream services and one of the largest independent midstream infrastructure companies in North America [3]. - The company owns, operates, acquires, and develops a diversified portfolio of midstream infrastructure assets critical for the efficient delivery of energy across the United States and globally [3]. - Targa's operations include gathering, compressing, treating, processing, transporting, and selling natural gas, as well as handling natural gas liquids (NGLs) and crude oil [3]. Financial and Market Position - Targa is recognized as a FORTUNE 500 company and is included in the S&P 500 index, indicating its significant market presence and financial stability [4].