Targa Resources Q3 Earnings Beat on Permian Volume Strength

Targa Resources Corp. (TRGP) reported third-quarter 2024 earnings of $1.75 per share, which beat the Zacks Consensus Estimate of $1.58. The bottom line also topped the year-ago quarter’s 97 cents. The outperformance could be attributed to strong Permian Basin volumes, robust NGL sales and lower product costs in the reported quarter.Revenues totaled $3.9 billion, slipping 1.1% year over year. The top line also missed the Zacks Consensus Estimate of $4.2 billion. The weak quarterly revenues were due to lower ...