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 announced significant organizational changes effective July 22, 2024. Jennifer R. Kneale, the current CFO, will be promoted to President - Finance and Administration, retaining her reporting line to CEO Matthew J. Meloy. William A. Byers will join Targa as the new CFO, reporting to Kneale. Byers brings over 20 years of experience in energy financing and management, having served as CFO at Manchester Energy and Navitas Midstream Partners. His background includes leadership in M&A and investment banking, with a solid academic foundation from the University of Pennsylvania. This strategic move aligns with Targa's long-term development plans and aims to leverage Kneale's and Byers's expertise to drive growth.
Targa Resources Corp. (NYSE: TRGP) announced its participation in the J.P. Morgan Energy, Power and Renewables Conference in New York City on June 18, 2024. Representatives from the company will engage in investor meetings. The presentation slides will be accessible in the Investors section of Targa's website. This engagement aims to enhance investor relations and provide insights into the company's strategies and performance.
Targa Resources Corp. (NYSE: TRGP) announced its participation in the 21st Annual Energy Infrastructure CEO & Investor Conference in Aventura, FL on May 22, 2024. Representatives from the company will engage in investor meetings, and the presentation slides will be accessible on Targa's website.
Targa Resources Corp. reported first quarter 2024 results with a net income of $275.2 million, adjusted EBITDA of $966.2 million, and a 50% increase in quarterly cash dividend. The company repurchased $124 million of common stock and estimates adjusted EBITDA between $3.7 billion and $3.9 billion for the full year 2024. Targa also announced new growth projects and construction plans for future expansion.
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