Targa Res Corp Stock Price, News & Analysis

Targa Resources Corp. (NYSE: TRGP) announced the appointment of Joel Thomas as Senior Vice President - Finance and Treasurer effective April 13, 2023. Joel, who joined Targa in 2012, held multiple roles and was most recently Vice President of Corporate and Commercial Development. His previous experience includes work at Wells Fargo Securities in energy investment banking. Targa, a leading provider of midstream services and a FORTUNE 500 company included in the S&P 500, is vital for the delivery of energy across the U.S. and beyond, managing a diversified portfolio of midstream infrastructure assets. The company’s operations cover the full spectrum of natural gas and NGL services, contributing significantly to the energy market.

Targa Resources Corp. (NYSE: TRGP) announced a 43% increase in its quarterly cash dividend to $0.50 per common share for Q1 2023. This equates to an annualized dividend of $2.00 per share. The dividend payment is scheduled for May 15, 2023, with a record date of April 28, 2023. Targa will report its Q1 2023 financial results on May 4, 2023 before the market opens and will host a webcast at 11:00 a.m. ET. As a leading midstream service provider, Targa connects natural gas and NGLs to crucial markets across the U.S. and internationally, continuously focusing on safe and efficient energy delivery.

Targa Resources Corp. (NYSE: TRGP) will participate in the J.P. Morgan Midwest Utilities & Midstream 1x1 Forum on April 6, 2023, in Chicago, IL. The Company aims to showcase its midstream services and infrastructure capabilities, emphasized by its robust operations in natural gas, NGLs, and crude oil. Attendees can access presentation slides in the Investors section of Targa's website. As a leading independent midstream entity, Targa connects energy resources to domestic and international markets, playing a vital role in the delivery of cleaner fuels.

For further updates, visit www.targaresources.com.

Targa Resources Corp. (NYSE: TRGP) will participate in investor meetings at the Morgan Stanley Global Energy and Power Conference on March 1, 2023, in New York City. The company will offer access to conference slides via its investors section. Targa is recognized as a leader in midstream services and ranks among the largest independent midstream infrastructure companies in North America, facilitating the efficient delivery of energy across the U.S. and international markets. The company's operations include gathering and processing natural gas and NGLs, essential for meeting the demand for cleaner energy fuels.

On February 22, 2023, Targa Resources Corp. (NYSE: TRGP) filed its Form 10-K with the SEC for the year ending December 31, 2022. This report is accessible on the SEC's website and the Investors section of Targa's website. The company, a leading provider of midstream services in North America, plays a vital role in connecting natural gas and NGLs to domestic and international markets. Targa Resources is a FORTUNE 500 company and is part of the S&P 500, emphasizing its significance in the energy sector.

Targa Resources Corp. (TRGP) reported record financial results for Q4 and FY 2022. Q4 2022 net income was $318 million, a turnaround from a loss of $313.6 million in Q4 2021. For FY 2022, net income soared to $1.195 billion from $71.2 million in 2021. Adjusted EBITDA reached $840.4 million in Q4 2022 and $2.901 billion for the year, reflecting substantial growth. Targa declared a quarterly dividend of $0.35 per share and repurchased 395,798 shares in Q4. The company completed a $1.05 billion acquisition and a public offering totaling $1.75 billion. For 2023, Targa anticipates adjusted EBITDA between $3.5 billion and $3.7 billion, projecting a 24% growth rate.

Targa Resources Corp. (NYSE: TRGP) announced its participation in the U.S. Capital Advisors Midstream Corporate Access Day on January 24, 2023, in Houston, TX. The Company will engage in investor meetings where it will share insights regarding its midstream services.

Investors can access the presentation slides from the event on Targa's official website. As a leading midstream infrastructure company in North America, Targa plays a critical role in the transportation and processing of natural gas and natural gas liquids, contributing to a growing demand for cleaner energy sources.