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) has released its 2024 Sustainability Report, providing a comprehensive review of the company's environmental, social, and governance (ESG) performance. The report aligns with major reporting frameworks including GRI Standards, IFRS, SASB Oil & Gas Midstream Standard, and TCFD.
Notably, Targa has enhanced its reporting credibility by engaging an external third party to review specific greenhouse gas emissions and employee safety data metrics for the year ended December 31, 2024. The report is now accessible on the company's website.
Targa Resources Corp. (NYSE:TRGP) has launched a non-binding open season for its proposed Forza Pipeline Project in the Delaware Basin. The project features 36 miles of 36-inch diameter pipe with a capacity of 750 dekatherms per day of primary firm transportation service.
The pipeline will connect receipt points in Lea County, New Mexico to multiple delivery points near the Waha Hub in Texas, linking gas processing facilities to in-basin demand and other markets. The open season runs from September 2 to October 2, 2025, with project completion targeted for mid-2028, subject to shipper interest and regulatory approvals.
Targa Resources (NYSE:TRGP) reported strong Q2 2025 financial results, with net income of $629.1 million, up 111% from $298.5 million in Q2 2024. The company achieved adjusted EBITDA of $1.16 billion, an 18% year-over-year increase.
Key operational highlights include record Permian and NGL transportation volumes, early completion of several major projects including Pembrook II plant and Bull Moose II plant, and a new 43-mile Bull Run pipeline extension. The company maintains its 2025 adjusted EBITDA guidance of $4.65-4.85 billion and increased its growth capital expenditure estimate to $3.0 billion.
Targa also announced a new $1.0 billion share repurchase program, repurchased $324 million of common shares in Q2, and declared a quarterly dividend of $1.00 per share.
Targa Resources Corp. (NYSE:TRGP) has declared a quarterly cash dividend of $1.00 per common share, equivalent to $4.00 per share annually. The dividend will be paid on August 15, 2025, to shareholders of record as of July 31, 2025.
Additionally, the company will release its second quarter 2025 financial results on August 7, 2025, before market opening, followed by a live webcast at 11:00 a.m. Eastern Time to discuss the results. A webcast replay and supplementary materials will be available on the company's investor relations website.
- Increased annual dividend by 33% to $4.00 per share
- Repurchased $214 million of common shares through April 2025
- Maintained 2025 adjusted EBITDA guidance of $4.65-4.85 billion
- Completed $2.0 billion notes offering in February 2025
Targa Resources Corp (NYSE: TRGP) has announced a significant increase in its quarterly cash dividend to $1.00 per common share ($4.00 annualized) for the first quarter of 2025. This represents a 33% increase compared to the first quarter of 2024 dividend.
The dividend will be paid on May 15, 2025, to shareholders of record as of April 30, 2025. The company will release its Q1 2025 financial results before market opening on May 1, 2025, followed by a live webcast at 11:00 a.m. Eastern Time to discuss the quarterly performance.
WhiteWater, MPLX LP, and Enbridge Inc. (ENB) have announced a final investment decision through their WPC joint venture to construct the Traverse Pipeline, partnering with Targa Resources Corp. The project features a bi-directional 36-inch pipeline spanning approximately 160 miles along the Gulf Coast between Agua Dulce and the Katy area.
The pipeline is designed to transport up to 1.75 billion cubic feet per day of natural gas and will be connected to multiple sources including the Whistler, Blackcomb, and Matterhorn Express Pipelines. The infrastructure will be owned by the Blackcomb Pipeline joint venture, with ownership split between WPC (70.0%), Targa (17.5%), and MPLX (12.5%). WhiteWater will handle construction and operations, with service expected to begin in 2027.
Targa Resources Corp. (NYSE: TRGP) has priced an underwritten public offering of $2.0 billion in senior notes, consisting of $1.0 billion of 5.550% Senior Notes due 2035 and $1.0 billion of 6.125% Senior Notes due 2055. The notes are priced at 99.610% and 99.781% of face value, respectively.
The offering is expected to close on February 27, 2025, subject to customary closing conditions. Targa plans to use approximately $1.8 billion of the proceeds to repurchase all outstanding preferred equity in Targa Badlands from its joint venture partner. This transaction, expected to close in Q1 2025 with an effective date of January 1, 2025, will give Targa full ownership of its North Dakota assets.
The remaining proceeds will be used for general corporate purposes, including repaying borrowings under its commercial paper program. If the Badlands Transaction doesn't complete, all proceeds will go toward general corporate purposes, debt repayment, capital expenditures, working capital, and subsidiary investments.
Targa Resources Corp. (NYSE: TRGP) has announced the filing of its Form 10-K with the Securities and Exchange Commission (SEC) for the fiscal year ended December 31, 2024. The annual report is accessible through multiple channels, including the SEC's website (www.sec.gov), Targa's investor relations website (www.targaresources.com), and directly through their SEC filings page.
Shareholders and interested parties can also request free hard copies of the report by contacting Targa's investor relations department via email at investorrelations@targaresources.com or by phone at (713) 584-1133.