Insights Into Targa Resources (TRGP) Q4: Wall Street Projections for Key Metrics

Core Viewpoint - Targa Resources, Inc. (TRGP) is expected to report a significant increase in quarterly earnings and revenues, reflecting positive trends in the company's performance compared to the previous year [1]. Financial Performance - The anticipated earnings per share (EPS) for the upcoming quarter is $2.37, marking a 64.6% increase year-over-year [1]. - Analysts forecast revenues of $5.12 billion, which represents a 16.1% increase compared to the same period last year [1]. - Over the past 30 days, the consensus EPS estimate has been revised upward by 1.6%, indicating a positive reassessment by analysts [1]. Key Metrics Forecast - The consensus estimate for 'Gathering and Processing - NGL sales per day' is projected at 922.53 thousand barrels, up from 582.00 thousand barrels a year ago [4]. - 'Gathering and Processing - Gross NGL production - Coastal' is expected to reach 35.28 thousand barrels per day, slightly down from 36.00 thousand barrels reported last year [4]. - 'Gathering and Processing - Condensate sales per day' is estimated at 19.56 thousand barrels, compared to 19.80 thousand barrels in the same quarter last year [5]. - 'Logistics and Marketing - NGL sales' is projected to be 1,260.49 thousand barrels per day, up from 1,227.50 thousand barrels a year ago [5]. - 'Logistics and Marketing - Export volumes' are expected to be 423.88 thousand barrels per day, down from 457.10 thousand barrels last year [6]. - 'Logistics and Marketing - Fractionation volumes' is forecasted at 1,135.85 thousand barrels per day, an increase from 1,089.50 thousand barrels last year [6]. - 'Gathering and Processing - Total Gross NGL production' is expected to reach 1,581.01 thousand barrels per day, significantly up from 995.80 thousand barrels a year ago [7]. Market Performance - Over the past month, shares of Targa Resources have increased by 20.8%, contrasting with a -1.7% change in the Zacks S&P 500 composite [10]. - Currently, TRGP holds a Zacks Rank 3 (Hold), suggesting its performance may align with the overall market in the near future [10].