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 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.
Targa Resources Corp. (TRGP) reported strong Q3 2021 results with net income of $182.2 million, significantly up from $69.3 million year-over-year. Adjusted EBITDA reached $505.9 million, a 21% increase from $419.1 million in Q3 2020. The company now estimates 2021 adjusted EBITDA will exceed $2.0 billion. A quarterly dividend of $0.10 per share was declared, with plans to increase it to $0.35 starting Q4 2021. Targa's capital allocation strategy aims to return capital to shareholders through dividend increases and share repurchases, supported by healthy liquidity exceeding $3.1 billion.
Targa Resources Corp. (NYSE: TRGP) has entered into a long-term power purchase agreement with Concho Valley Solar to source renewable electricity for its natural gas processing operations in the Permian Basin. The 160 MWac solar project, located near San Angelo, Texas, is set to begin delivering clean energy in Q4 2022. This initiative supports Targa's sustainability efforts aimed at reducing emissions intensity. The project is expected to create about 150 jobs during construction and generate additional revenue for local taxing entities.
Targa Resources Corp. (NYSE: TRGP) announced a quarterly cash dividend of $0.10 per common share, amounting to $0.40 annually, for Q3 2021. This dividend will be paid on November 15, 2021, to shareholders of record as of October 29, 2021. Additionally, a $23.75 dividend per Series A preferred share will be distributed on November 12, 2021. Targa will report its Q3 financial results on November 4, 2021, followed by a live earnings webcast.
Targa Resources Corp. (NYSE: TRGP) announced participation in investor meetings via video at the Wolfe Research Utilities, Midstream & Clean Energy Conference on September 30, 2021. A copy of the presentation slides will be accessible on the Company’s website under the Investors section. Targa is a leading provider of midstream services, owning a diversified portfolio of infrastructure related to natural gas and NGLs. The Company is included in the S&P 400 and is a FORTUNE 500 entity.
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Targa Resources Corp. (NYSE: TRGP) announced participation in investor meetings via video conference at the Barclays CEO Energy-Power Conference on September 8, 2021. The company will share slides from these meetings in the Investors section of its website. Targa is a major player in midstream services, operating a diversified portfolio of infrastructure assets, including natural gas and crude oil operations. As a Fortune 500 company, Targa is recognized for its substantial impact in North America's energy sector.