Targa Res Corp Stock Price, News & Analysis

Targa Resources (NYSE: TRGP) reported record third quarter 2025 results with adjusted EBITDA of $1,274.8 million (up 19% year‑over‑year) and net income attributable of $478.4 million (up 23% year‑over‑year). The company repurchased ~$156 million of stock in Q3 and ~$605 million year‑to‑date, with ~$1.41 billion remaining under repurchase programs.

Targa expects full‑year 2025 adjusted EBITDA near the top end of its $4.65–$4.85 billion range, net growth capex of ~$3.3 billion, and intends to recommend a $5.00 annualized common dividend in 2026 (25% increase). Key growth projects include new 275 MMcf/d plants, Bull Moose II now in service, multiple pipelines, and expected project onlines from 2027–2028. Consolidated liquidity was ~$2.3 billion and consolidated debt totaled ~$17.43 billion as of September 30, 2025.

Targa Resources Corp. (NYSE: TRGP) declared a $1.00 quarterly cash dividend ($4.00 annualized) for Q3 2025, payable November 17, 2025 to shareholders of record at the close of business on October 31, 2025.

The company will report third quarter 2025 financial results before market open on Wednesday, November 5, 2025 and will host a live webcast at 11:00 a.m. ET to discuss results. A webcast replay and updated investor presentations will be available on the investor website shortly after the event.

Targa is described as a leading midstream infrastructure company included in the S&P 500 and Fortune 500.

Targa Resources Corp. (NYSE:TRGP) has announced significant infrastructure expansion projects in the Permian Basin to support growing NGL and natural gas production. The company will construct the Speedway NGL Pipeline, a 500-mile, 30-inch diameter pipeline with an initial capacity of 500 MBbl/d (expandable to 1,000 MBbl/d), connecting Permian Basin assets to Mont Belvieu, Texas, at an estimated cost of $1.6 billion.

Additionally, Targa will build the 275 MMcf/d Yeti gas processing plant and implement the Buffalo Run project, which includes a 35-mile natural gas pipeline and a 55-mile pipeline conversion. The company is currently constructing five gas processing plants with a total capacity of 1.4 Bcf/d. These projects will increase Targa's 2025 net growth capital expenditures to approximately $3.3 billion.

Targa Resources Corp. (NYSE: TRGP) has released its 2024 Sustainability Report, providing a comprehensive review of the company's environmental, social, and governance (ESG) performance. The report aligns with major reporting frameworks including GRI Standards, IFRS, SASB Oil & Gas Midstream Standard, and TCFD.

Notably, Targa has enhanced its reporting credibility by engaging an external third party to review specific greenhouse gas emissions and employee safety data metrics for the year ended December 31, 2024. The report is now accessible on the company's website.

Targa Resources Corp. (NYSE:TRGP) has launched a non-binding open season for its proposed Forza Pipeline Project in the Delaware Basin. The project features 36 miles of 36-inch diameter pipe with a capacity of 750 dekatherms per day of primary firm transportation service.

The pipeline will connect receipt points in Lea County, New Mexico to multiple delivery points near the Waha Hub in Texas, linking gas processing facilities to in-basin demand and other markets. The open season runs from September 2 to October 2, 2025, with project completion targeted for mid-2028, subject to shipper interest and regulatory approvals.

Targa Resources (NYSE:TRGP) reported strong Q2 2025 financial results, with net income of $629.1 million, up 111% from $298.5 million in Q2 2024. The company achieved adjusted EBITDA of $1.16 billion, an 18% year-over-year increase.

Key operational highlights include record Permian and NGL transportation volumes, early completion of several major projects including Pembrook II plant and Bull Moose II plant, and a new 43-mile Bull Run pipeline extension. The company maintains its 2025 adjusted EBITDA guidance of $4.65-4.85 billion and increased its growth capital expenditure estimate to $3.0 billion.

Targa also announced a new $1.0 billion share repurchase program, repurchased $324 million of common shares in Q2, and declared a quarterly dividend of $1.00 per share.

Targa Resources Corp. (NYSE:TRGP) has declared a quarterly cash dividend of $1.00 per common share, equivalent to $4.00 per share annually. The dividend will be paid on August 15, 2025, to shareholders of record as of July 31, 2025.

Additionally, the company will release its second quarter 2025 financial results on August 7, 2025, before market opening, followed by a live webcast at 11:00 a.m. Eastern Time to discuss the results. A webcast replay and supplementary materials will be available on the company's investor relations website.

Targa Resources Corp. (NYSE: TRGP) has announced the pricing of a $1.5 billion senior notes offering, split between $750 million of 4.900% notes due 2030 and $750 million of 5.650% notes due 2036. The notes are priced at 99.870% and 99.700% of face value respectively. The offering is expected to close on June 18, 2025. The company plans to use the proceeds to redeem its 6.500% Senior Notes due 2027 and for general corporate purposes, including repaying commercial paper borrowings, other debt reduction, securities repurchases, and funding capital expenditures, working capital, or subsidiary investments.

Targa Resources Corp (NYSE: TRGP) reported strong Q1 2025 financial results with record adjusted EBITDA of $1.2 billion, up 22% year-over-year. Net income was $270.5 million, slightly down from $275.2 million in Q1 2024. Key highlights include:

• Increased annual dividend by 33% to $4.00 per share
• Repurchased $214 million of common shares through April 2025
• Maintained 2025 adjusted EBITDA guidance of $4.65-4.85 billion
• Completed $2.0 billion notes offering in February 2025

The company continues construction on multiple growth projects including new processing plants in Permian Midland and Delaware, fractionation trains, and LPG export expansion. Despite winter weather impacts in Q1, Targa expects meaningful volume growth across its systems throughout 2025 and 2026.