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Targa Resources Corp. (TRGP) delivers essential midstream energy services across North America’s premier basins. This page provides investors and industry professionals with direct access to the company’s latest news, including press releases, operational milestones, and strategic initiatives.
Track TRGP’s developments across earnings announcements, infrastructure expansions, and partnership agreements. Our curated collection ensures timely updates on natural gas processing, NGL logistics, and safety-driven operational practices—critical factors shaping the midstream sector.
Discover updates from TRGP’s Permian Basin operations, Grand Pipeline expansions, and Mont Belvieu fractionation facilities. All content is verified for accuracy and relevance, offering a neutral perspective aligned with financial compliance standards.
Bookmark this page for streamlined access to Targa Resources’ evolving role in energy infrastructure. Regularly updated to reflect the company’s latest advancements in connecting producers to global markets.
Targa Resources Partners LP (NYSE: TRGP) announced plans to offer $750 million in senior unsecured notes due 2031, targeting qualified institutional buyers. The funds will be used for a cash tender offer to repurchase its 6 3/4% Senior Notes due 2024 and to reduce borrowings under its revolving credit facility. The offering aims to optimize financial structure and liquidity. The securities will not be registered under the Securities Act and are subject to market conditions.
Targa Resources Partners LP has initiated a cash tender offer to buy back all outstanding senior notes, specifically the 6.750% Senior Notes due 2024.
The total principal amount for these notes is $580,120,000, with a purchase price of $1,020.70 per $1,000 of notes. The tender offer will expire on August 17, 2020, and settlement is anticipated for August 18, 2020.
The offer is contingent on the completion of a contemporaneous notes offering. Accrued interest will also be paid to note holders.
Targa Resources Corp. (TRGP) reported a net income of $81 million for Q2 2020, a significant turnaround from a net loss of $10.2 million in Q2 2019. Adjusted EBITDA increased to $351.2 million, up from $306.5 million year-over-year. The company declared a $0.10 quarterly dividend, with total cash dividends of approximately $23.3 million expected. However, lower commodity prices and reduced production activity impacted financial performance. Targa increased its 2020 Adjusted EBITDA guidance to a range of $1.5 billion to $1.625 billion, driven by recovery in production volumes.
Targa Resources Corp. (NYSE: TRGP) has declared a quarterly cash dividend of $0.10 per common share and $23.75 per Series A preferred share for Q2 2020. The common dividend will be payable on August 17, 2020, to shareholders on record as of July 31, 2020. The preferred dividend will be paid on August 14, 2020. Additionally, Targa will report its Q2 2020 financial results on August 6, 2020, followed by a webcast at 11:00 a.m. ET. The company, a leading midstream service provider in North America, focuses on natural gas and crude oil operations.
Targa Resources Partners LP announced a monthly cash distribution of $0.1875 per Series A Preferred Unit for July 2020, amounting to an annualized rate of $2.25. The distribution will be paid on August 17, 2020 to holders of record as of July 31, 2020. Targa is recognized as a significant player in the midstream energy sector, engaging in natural gas and NGL services. The partnership's forward-looking statements note potential risks such as market conditions and pandemics impacting operations.
Targa Resources Corp. will participate in the J.P. Morgan Virtual Energy, Power & Renewables Conference on June 16-17, 2020. The investor meetings will be conducted via video conference, and the presentation slides will be accessible in the Investors section of Targa's website. Targa is a leading independent midstream energy company, engaged in various activities, including transporting and selling natural gas and crude oil. For more details, visit www.targaresources.com.
Targa Resources Corp. (NYSE: TRGP) announced the election of Ms. Lindsey M. Cooksen to its Board of Directors, increasing the board size to twelve members effective June 1, 2020. Cooksen, founder of Cooksen Wealth, brings extensive experience from Morgan Stanley and Citigroup, with expertise in wealth management and risk mitigation. CEO Matthew J. Meloy expressed confidence in her ability to contribute meaningful insights. This move is part of Targa's succession planning, aiming to enhance the board's financial acumen and investor perspectives.
Targa Resources Corp. (NYSE: TRGP) will participate in investor meetings at the UBS Virtual Global Oil and Gas Conference via video on May 20, 2020. The presentation slides will be accessible on the Company's website, enhancing transparency for stakeholders. Targa is a prominent provider of midstream services, focusing on the gathering, processing, and selling of natural gas and related products. The company emphasizes its extensive portfolio and pivotal role in the North American energy sector. For more details, visit www.targaresources.com.
Targa Resources Partners LP has declared a monthly cash distribution of $0.1875 per Series A Preferred Unit for May 2020, amounting to $2.25 annualized. This will be paid on June 15, 2020 to holders of record by May 29, 2020. Targa Resources Partners operates a diverse portfolio in midstream energy assets, including natural gas processing and crude oil services. The company has noted potential risks affecting its operations, including market fluctuations in energy prices. For more information, visit www.targaresources.com.
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