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) announced participation in investor meetings at the Credit Suisse Global Energy Conference via video on June 9, 2021. Slides from the meetings will be available in the Investors section of Targa's website. Targa is a leading midstream services provider, focusing on natural gas, NGLs, and crude oil infrastructure. They operate a diverse portfolio of midstream assets across North America, engaging in gathering, processing, and transportation of energy products.
Targa Resources Corp. (NYSE: TRGP) announced participation in two upcoming virtual investor conferences. The Citi Global Energy & Utilities Virtual Conference will occur on May 12, 2021, followed by the EIC Investor Conference on May 19-20, 2021. Interested parties can access conference slides via the Investors section of Targa's website. Targa Resources is a major independent midstream service provider in North America, specializing in the transportation and processing of natural gas and liquids.
Targa Resources Corp. (TRGP) reported a significant turnaround in Q1 2021, achieving net income of $146.4 million, compared to a net loss of $1,737.8 million in Q1 2020. The adjusted EBITDA rose to $515.7 million, an 18% increase from the previous quarter. This growth was supported by benefits from a winter storm and improved commodity prices. Targa also declared a quarterly dividend of $0.10 per share. The company projects full-year 2021 adjusted EBITDA of $1.8 to $1.9 billion, influenced by a favorable commodity price outlook. Total debt stands at $7.37 billion, with liquidity of approximately $3 billion.
Targa Resources Corp. (NYSE: TRGP) announced its quarterly cash dividends for Q1 2021: $0.10 per common share ($0.40 annualized) payable on May 14, 2021, to record holders as of April 30, 2021, and $23.75 per Series A preferred share payable on May 13, 2021, to record holders as of April 30, 2021. The company will report its Q1 2021 financial results on May 6, 2021, with a live webcast at 11:00 a.m. ET. Targa is a major provider of midstream services and operates a diverse portfolio of infrastructure for natural gas and NGLs.
Targa Resources Corp. (NYSE: TRGP) will participate in the Truist Securities 4th Annual Utilities, Midstream & Alternative Energy Summit via video conference on March 25, 2021. The company will provide investor updates through presentation slides, which will be accessible in the Investors section of their website. Targa specializes in midstream services related to natural gas, NGLs, and crude oil and is known for its diverse infrastructure assets across North America. Further details and updates can be found on their website.
Targa Resources Partners LP has completed the 2020 tax packages for holders of its 9% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units, including Schedules K-1. The tax packages are accessible online via the Partnership's website and are expected to be mailed out during the week of March 1, 2021. Notably, these are the final tax packages for the Series A Preferred Units, which were redeemed on December 21, 2020.
Targa Resources Corp. (NYSE: TRGP) is participating in the Morgan Stanley Energy & Power Conference on March 2, 2021, via video conference. The investor meetings will provide insights into the Company's midstream services and infrastructure operations. Interested investors can access the presentation slides on Targa's website. Targa is a major player in the midstream sector, offering services like gathering, processing, and transporting natural gas and crude oil. For further details, visit www.targaresources.com.
Targa Resources Corp. (NYSE:TRGP) has filed its Form 10-K for the year ending December 31, 2020, with the SEC, detailing its financial performance and operations. Investors can access the reports online at the SEC's website and Targa's investor relations page. Targa is a key player in the midstream services sector, operating across various segments, including natural gas and NGLs. The company focuses on gathering, processing, and transporting these resources, positioning itself as one of the largest independent midstream infrastructure entities in North America.
Targa Resources Corp. (TRGP) reported a fourth quarter 2020 net income of $33.6 million, significantly improving from a loss of $112.8 million in Q4 2019. For the full year, Targa's net loss narrowed to $1,553.9 million compared to $209.2 million in 2019, influenced by a total impairment charge of $2.4 billion. Adjusted EBITDA for Q4 2020 was $438.1 million, down from $465.2 million the previous year but reflecting a 5% increase from Q3 2020. The quarterly dividend was declared at $0.10 per share. Targa estimates a full-year 2021 Adjusted EBITDA between $1.675 billion and $1.775 billion.
Targa Resources Corp. (NYSE: TRGP) announced a rescheduling of its fourth quarter 2020 earnings webcast to February 23, 2021, due to severe winter weather. The financial results will still be reported prior to market opening on February 18, 2021. The webcast will start at 12:00 p.m. Eastern Time and will cover the Company's financial performance for the quarter and full year 2020. For further information, the webcast will be available on the Targa Resources website, and a replay will be accessible two hours post-event.
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