Targa Resources: Underlying Cash Flow Is Underappreciated

Core Viewpoint - Targa Resources (TRGP) has underperformed in the past year, with a loss of approximately 15% in value due to low dividend yield and exposure to the cyclical NGL segment of the oil and gas sector [1] Company Performance - Targa Resources has experienced a decline of about 15% in share value over the past year [1] - The company's relatively low dividend yield compared to midstream peers has been a contributing factor to its poor performance [1] - Exposure to the more cyclical NGL portion of the oil and gas sector has also posed challenges for Targa Resources [1]