ssuaphoto Back in early December, I wrote that Targa Resources (NYSE:TRGP) had some of the best growth prospects in the midstream space, starting coverage of the stock with a “Buy” rating. The stock has returned nearly 20% since then. With the company reporting results last month, let’s catch up on the name. Company Profile As a quick reminder, TRGP is a midstream company that operates in a number of basins throughout the U.S. Within its Gathering & Processing (G&P) segment the company gathers, processe ...

HOUSTON, March 01, 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 Morgan Stanley Energy & Power Conference in New York City, NY on Wednesday, March 6, 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/events. Abou ...

Targa Resources Corp. (TRGP) reported fourth-quarter 2023 earnings of $1.23 per share, which missed the Zacks Consensus Estimate of $1.49. The bottom line also deteriorated from the year-ago quarter’s level of $1.38. The underperformance could be attributed to lower commodity sales.Revenues totaled $4.2 billion, down 8.7% year over year. The top line also missed the Zacks Consensus Estimate of $4.5 billion.The company’s adjusted EBITDA for the fourth quarter totaled $959.9 million, up from $840.4 million in ...

For the quarter ended December 2023, Targa Resources, Inc. (TRGP) reported revenue of $4.24 billion, down 6.9% over the same period last year. EPS came in at $1.23, compared to $1.38 in the year-ago quarter.The reported revenue represents a surprise of -5.73% over the Zacks Consensus Estimate of $4.5 billion. With the consensus EPS estimate being $1.49, the EPS surprise was -17.45%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wal ...

HOUSTON, Feb. 15, 2024 (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 year ended December 31, 2023. The report may be accessed at www.sec.gov. The report is also available in the Investors section of the Company's website at www.targaresources.com, or by going directly to https://www.targaresources.com/investors/financial-information/sec-filings. Hard copies of the report may be orde ...

Targa Resources Corp. (NYSE:TRGP) Q4 2023 Earnings Conference Call February 15, 2024 11:00 AM ET Company Participants Sanjay Lad - VP, Finance & IR Matt Meloy - CEO Jen Kneale - CFO Scott Pryor - President, Logistics and Transportation Pat McDonie - President, Gathering and Processing Bobby Muraro - Chief Commercial Officer Conference Call Participants Jeremy Tonet - JPMorgan Spiro Dounis - Citigroup Brian Reynolds - UBS Tristan Richardson - Scotiabank Theresa Chen - Barclays Neel Mitra - Bank of Ameri ...

HOUSTON, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("TRGP," the "Company" or "Targa") today reported fourth quarter and full year 2023 results. Fourth quarter 2023 net income attributable to Targa Resources Corp. was $299.6 million compared to $318.0 million for the fourth quarter of 2022. For full year 2023, net income attributable to Targa Resources Corp. was a record $1,345.9 million compared to $1,195.5 million for 2022. Highlights Record full year adjusted EBITDA(1) for 2023 o ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number: 001-34991 TARGA RESOURCES CORP. (Exact name of registrant as specified in its charter) Delaware 20-3701075 (State or other jurisdiction ...

HOUSTON, Jan. 22, 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 U.S. Capital Advisors Midstream Corporate Access Day in Houston, TX on Tuesday, January 23, 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/events ...

HOUSTON, Jan. 18, 2024 (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 2023. Targa announced today that its board of directors has declared a quarterly cash dividend of $0.50 per common share, or $2.00 per common share on an annualized basis, for the fourth quarter of 2023. This cash dividend will be paid February 15, 2024 on all outstanding common shares to holders of record as of the cl ...