Targa (TRGP) Q2 Earnings Beat Estimates, Revenues Rise Y/Y

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 ...