Welcome to our dedicated page for Targa Res news (Ticker: TRGP), a resource for investors and traders seeking the latest updates and insights on Targa Res stock.
Targa Resources Corp. (NYSE: TRGP) is a midstream energy company focused on natural gas, NGL and crude oil infrastructure, and its news flow reflects this operational and financial profile. The company describes itself as one of the largest independent infrastructure companies in North America and a provider of midstream services that are critical to the delivery of energy across the United States and to international markets.
News about Targa commonly covers its financial results, including quarterly earnings releases where the company reports net income, adjusted EBITDA, adjusted cash flow from operations and adjusted free cash flow. These updates often highlight trends in Permian natural gas inlet volumes, NGL transportation volumes, fractionation volumes and marketing margins, along with commentary on operating expenses, capital expenditures and liquidity.
Targa’s announcements also feature major growth projects and infrastructure expansions. Recent news has described new gas processing plants in the Permian Midland and Permian Delaware areas, expansions of NGL and natural gas pipelines, fractionation capacity additions in Mont Belvieu, Texas, and projects such as the Speedway NGL Pipeline, Buffalo Run and the proposed Forza interstate natural gas pipeline. These items provide insight into how the company is expanding its gathering, processing and logistics footprint.
Investors following TRGP news will also see coverage of capital markets activity, such as senior notes offerings, the use of proceeds to redeem existing notes and repay borrowings, and updates on share repurchase programs and common dividends. Transaction announcements, including the acquisition of Stakeholder Midstream, LLC, add another layer of information about how Targa is deploying capital to grow its midstream platform.
By monitoring this news stream, readers can track Targa’s operational performance, project pipeline, financing decisions and corporate actions that shape the company’s midstream energy strategy.
Targa Resources Corp. (NYSE: TRGP) will participate in two key investor conferences: the Morgan Stanley Energy & Power Conference on March 1, 2022, and the Barclays Investment Grade Energy & Pipeline Corporate Day on March 2, 2022. Conference slides will be available on Targa's website in the Investors section. Targa is a leading provider of midstream services in North America, focusing on the transportation and processing of natural gas and NGLs, and is included in the S&P 400 and FORTUNE 500 lists.
Targa Resources Corp. (NYSE: TRGP) has filed its Form 10-K for the year ending December 31, 2021, with the SEC. The report highlights the company's midstream services, emphasizing its role as a key player in the independent midstream infrastructure sector in North America. Targa manages a diversified portfolio that facilitates the delivery of natural gas and natural gas liquids. The Form 10-K is accessible on the SEC's website and Targa’s investor relations page. Shareholders can request hard copies from the investor relations department.
Targa Resources Corp. reported a Q4 2021 net loss of $(313.6) million, primarily due to a $452.3 million non-cash impairment, contrasting with a profit of $33.6 million in Q4 2020. Full-year net income stood at $71.2 million, a recovery from a $1.6 billion loss in 2020. Adjusted EBITDA for Q4 2021 was $570.6 million, up 13% quarter-over-quarter, driven by higher commodity prices and increased volumes. Targa declared a $0.35 dividend per share, amounting to $80 million in total payouts. The company anticipates 2022 adjusted EBITDA between $2.3 billion and $2.5 billion, reflecting a positive growth outlook.
Targa Resources Corp. (NYSE: TRGP) has executed agreements to sell its 25% equity interest in the Gulf Coast Express Pipeline for $857 million. The transaction is set to close in the second quarter of 2022, following a customary call right period for other GCX members. J.P. Morgan is the financial advisor, with Vinson & Elkins LLP providing legal counsel for the transaction. Targa remains a key player in midstream services across North America, facilitating energy delivery through its diverse portfolio of infrastructure assets.
Targa Resources Corp. (NYSE: TRGP) has declared a quarterly cash dividend of $0.35 per common share for Q4 2021, set to be paid on February 15, 2022. This marks a significant 350% increase from the previous quarter. Additionally, a dividend of $23.75 per Series A preferred share will also be distributed on February 14, 2022. The company will release its Q4 2021 financial results before the market opens on February 24, 2022, followed by a live webcast at 11:00 a.m. ET.
Targa Resources Corp. (NYSE: TRGP) has announced agreements to repurchase interests in its development company joint ventures from Stonepeak Partners for approximately $925 million. The acquisition, scheduled to close on January 14, 2022, will enhance Targa's ownership interests to 75% in the Grand Prix NGL Pipeline, 100% in the Train 6 fractionator, and 25% in the Gulf Coast Express Pipeline. This strategic move is projected to yield full-year Adjusted EBITDA and cash flows in 2022, boosting Targa's operational efficiency and financial performance.
Targa Resources Corp. (NYSE: TRGP) will participate in investor meetings via video conference at the UBS Winter Infrastructure & Energy Virtual Conference on January 11, 2022. Conference slides will be available on the Company’s website. Targa is a prominent midstream services provider in North America, owning diverse infrastructure assets critical for energy delivery. The Company is a FORTUNE 500 member and part of the S&P 400, emphasizing natural gas and NGLs connections to domestic and international markets.
Targa Resources Corp. (NYSE: TRGP) announced participation in investor meetings via video conference at the Wells Fargo Midstream Utilities & Renewables Symposium on December 8, 2021. A copy of the presentation slides will be available on the Company's website. Targa is a leading provider of midstream services in North America, operating a diversified portfolio of assets critical for energy delivery. The Company is a FORTUNE 500 entity and is included in the S&P 400, connecting natural gas and NGLs to various markets.
Targa Resources Corp. (NYSE: TRGP) has launched an open season from November 18 to December 17, 2021, to assess shipper interest in committed interstate transportation services for natural gas liquids (NGLs). The project will connect upstream pipeline facilities in Oklahoma to Mont Belvieu, Texas. Shippers are encouraged to submit a Non-Disclosure Agreement by November 23 to evaluate the open season documents. The final capacity will be determined based on the response to this open season, affecting both committed and uncommitted service options.
Targa Resources Corp. (NYSE: TRGP) announced participation in key investor conferences on November 16 and 17, 2021. The company will present at the RBC Capital Markets Midstream and Energy Infrastructure Conference and the Bank of America Virtual Global Energy Conference. Attendees can access presentation slides on Targa's investors' webpage. Targa is a leader in midstream services, owning a diverse portfolio essential for energy delivery in the U.S. and globally, and is included in the FORTUNE 500 and S&P 400.
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