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. operates midstream energy infrastructure focused on natural gas gathering and processing and logistics and transportation for natural gas liquids. Company news commonly covers earnings results, adjusted EBITDA, adjusted cash flow metrics, Permian inlet volumes, NGL fractionation activity, marketing margins, and operations across assets such as the Grand Prix NGL pipeline and LPG export facilities.
Recurring updates also include common-stock dividends, capital projects for new processing plants in the Permian Midland and Permian Delaware, acquisition-related volume growth, weather or commodity-price effects on producer activity, and annual or quarterly reporting matters tied to its NYSE-listed common stock.
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.
Targa Resources Corp. (NYSE: TRGP) announced its participation in two upcoming investor conferences via video conference. The conferences include the Goldman Sachs Power, Utilities, MLPs and Pipelines Conference on August 11, 2021, and the Citi One-on-One Midstream / Energy Infrastructure Conference on August 18, 2021. Conference slides will be available in the Investors section of Targa's website. Targa is a leading provider of midstream services in North America, and is included in the S&P 400.
Targa Resources Corp. (TRGP) reported a second-quarter net income of $56.2 million, down 31% year-over-year, alongside an Adjusted EBITDA of $460.0 million, a 31% increase compared to the previous year. The company declared a quarterly dividend of $0.10 per share, totaling $23.3 million, payable on August 16, 2021. Total revenues surged 124% to $3.42 billion, primarily driven by higher commodity prices and volumes. However, Adjusted EBITDA decreased 11% sequentially due to lower marketing margins. Targa anticipates a 2021 Adjusted EBITDA between $1.9 billion and $2.0 billion.
Targa Resources Corp. (NYSE: TRGP) declared a cash dividend of $0.10 per common share for Q2 2021, amounting to $0.40 annualized, payable on August 16, 2021. The quarterly cash dividend for Series A preferred shares is $23.75, payable on August 13, 2021. The company will release its second quarter financial results on August 5, 2021, followed by a live webcast discussing the results.
Targa Resources Corp. (NYSE: TRGP) announced its participation in investor meetings at the J.P. Morgan Energy, Power & Renewables Conference via video conference on June 22, 2021. The presentation slides will be available on the Company’s website. Targa is a leading provider of midstream services and one of the largest independent midstream infrastructure companies in North America, involved in gathering, processing, and transporting natural gas and crude oil. It is also a FORTUNE 500 company and part of the S&P 400.
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.