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Targa Resources Corp. - TRGP STOCK NEWS

Welcome to our dedicated page for Targa Resources news (Ticker: TRGP), a resource for investors and traders seeking the latest updates and insights on Targa Resources stock.

Targa Resources Corp. (symbol: TRGP) is a leading provider of midstream services in North America, known for its robust and diversified portfolio of midstream energy assets. The company primarily operates in the gathering and processing sector, with significant assets in key regions like the Permian, STACK, SCOOP, and Bakken plays.

Core Business: Targa Resources focuses on gathering and processing natural gas, natural gas liquids (NGLs), and crude oil. The company's operations include one of the largest fractionation capacities at Mont Belvieu and a strategically located liquefied petroleum gas (LPG) export terminal. An important asset in their portfolio is the Grand Prix natural gas liquids pipeline, which enhances their ability to transport and deliver energy products efficiently.

Recent Achievements: In the third quarter of 2023, Targa reported significant improvements compared to the same period in 2022, reflecting their effective operational strategies and market positioning. The company has consistently delivered strong financial performance, with notable increases in distributable cash flow and adjusted free cash flow.

Current Projects: Targa Resources is continually developing and acquiring new assets to expand its reach and capabilities. The company is involved in several ongoing projects aimed at enhancing their infrastructure and service offerings. These projects include expansions to existing pipelines and processing facilities to better serve their growing customer base.

Financial Condition: Targa's financial health remains robust, backed by strong earnings reports and strategic investments. As of the latest financial reports, the company demonstrates a solid balance sheet with steady revenue streams from its diversified operations.

Partnerships and Products: Targa Resources collaborates with various partners across the energy sector, leveraging these relationships to optimize their operations and service delivery. The company's product offerings include natural gas, NGLs, and crude oil, catering to a wide range of industrial and commercial customers.

Work Environment: Targa prides itself on creating a dynamic work environment that fosters learning, development, and growth. The company prioritizes safety and actively involves employees in continuous performance improvement initiatives. With a strong commitment to employee well-being, Targa supports its workforce in achieving their professional goals.

For more detailed information and the latest updates on Targa Resources Corp., visit their official website or check out recent news and events on platforms like StockTitan.

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Targa Resources Corp. (NYSE: TRGP) announced a quarterly cash dividend of $0.75 per common share for Q2 2024, translating to an annualized rate of $3.00 per share. The dividend will be paid on August 15, 2024, to shareholders on record as of July 31, 2024. Additionally, Targa will release its Q2 2024 financial results on August 1, 2024, before market open, followed by a live webcast at 11:00 a.m. Eastern Time to discuss the results. A replay of the webcast and related presentations will be available on the company's website shortly after the event.

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Targa Resources Corp. (NYSE: TRGP) has announced significant organizational changes effective July 22, 2024. Jennifer R. Kneale, the current CFO, will be promoted to President - Finance and Administration, retaining her reporting line to CEO Matthew J. Meloy. William A. Byers will join Targa as the new CFO, reporting to Kneale. Byers brings over 20 years of experience in energy financing and management, having served as CFO at Manchester Energy and Navitas Midstream Partners. His background includes leadership in M&A and investment banking, with a solid academic foundation from the University of Pennsylvania. This strategic move aligns with Targa's long-term development plans and aims to leverage Kneale's and Byers's expertise to drive growth.

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Targa Resources Corp. (NYSE: TRGP) announced its participation in the J.P. Morgan Energy, Power and Renewables Conference in New York City on June 18, 2024. Representatives from the company will engage in investor meetings. The presentation slides will be accessible in the Investors section of Targa's website. This engagement aims to enhance investor relations and provide insights into the company's strategies and performance.

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Targa Resources Corp. (NYSE: TRGP) announced its participation in the 21st Annual Energy Infrastructure CEO & Investor Conference in Aventura, FL on May 22, 2024. Representatives from the company will engage in investor meetings, and the presentation slides will be accessible on Targa's website.

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Targa Resources Corp. reported first quarter 2024 results with a net income of $275.2 million, adjusted EBITDA of $966.2 million, and a 50% increase in quarterly cash dividend. The company repurchased $124 million of common stock and estimates adjusted EBITDA between $3.7 billion and $3.9 billion for the full year 2024. Targa also announced new growth projects and construction plans for future expansion.

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Targa Resources Corp. (TRGP) announces a 50% increase in quarterly cash dividend to $0.75 per common share for the first quarter of 2024, compared to the same period in 2023. The dividend will be paid on May 15, 2024, to shareholders of record as of April 30, 2024. The company will report its first quarter 2024 financial results on May 2, 2024.
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Targa Resources Corp. (TRGP) will participate in investor meetings at the J.P. Morgan Midwest Utilities & Midstream 1x1 Forum in Chicago. Slides from the conference will be available on the company's website.
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Targa Resources Corp. (TRGP) will participate in investor meetings at the Morgan Stanley Energy & Power Conference on March 6, 2024. The slides used for the conference will be accessible on the company's website.
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Targa Resources Corp. (TRGP) will participate in investor meetings at the THRIVE Energy Conference in Houston, TX. The company's presentation slides will be accessible on their website for investors.
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Targa Resources Corp. (NYSE: TRGP) has filed its Form 10-K for the year ended December 31, 2023, with the SEC. The report is available on the SEC website and Targa's Investors section. Hard copies can be ordered for free.
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FAQ

What services does Targa Resources Corp. provide?

Targa Resources provides midstream services including gathering, processing, fractionation, and transportation of natural gas, NGLs, and crude oil.

Where are Targa Resources' main operational regions?

Targa operates mainly in the Permian, STACK, SCOOP, and Bakken plays.

What are some recent achievements of Targa Resources?

In Q3 2023, Targa reported significant financial improvements over the previous year, highlighting their strong operational performance.

What is the Grand Prix pipeline?

The Grand Prix pipeline is a key asset of Targa Resources that transports natural gas liquids efficiently across significant regions.

How does Targa Resources support its employees?

Targa offers a dynamic work environment promoting learning, development, and growth, with a strong emphasis on safety and employee well-being.

What is Targa's fractionation capacity?

Targa has one of the largest fractionation capacities at Mont Belvieu.

How does Targa ensure continuous performance improvement?

Targa encourages employee input and active involvement in performance improvement initiatives across its business areas.

Where can I find the latest news on Targa Resources?

Latest news about Targa Resources can be found on their official website and financial news platforms like StockTitan.

What are Targa's major financial highlights for 2023?

Targa's financial highlights for 2023 include increased distributable cash flow and adjusted free cash flow compared to previous years.

When is Targa's next earnings webcast?

The next earnings webcast for Targa Resources is scheduled for February 15, 2024.

Targa Resources Corp.

NYSE:TRGP

TRGP Rankings

TRGP Stock Data

30.24B
221.72M
1.48%
93.42%
1.62%
Pipeline Transportation of Natural Gas
Transportation and Warehousing
Link
United States of America
HOUSTON