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. (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 Corp. has completed the acquisition of Blackstone Energy Partners’ 25% interest in the Grand Prix NGL Pipeline for $1.05 billion. The effective date of this transaction is January 1, 2023, resulting in Targa owning 100% of the pipeline. Grand Prix can transport up to one million barrels per day of natural gas liquids to the Mont Belvieu hub in Texas, enhancing Targa's connectivity in the Permian Basin and surrounding regions. This acquisition strengthens Targa's position as a leading midstream service provider in North America.
Targa Resources Corp. (NYSE: TRGP) announced a public offering of $900 million in 6.125% senior notes due 2033 and $850 million in 6.500% senior notes due 2053. The offering is priced at 99.858% and 97.843% of face value, respectively, and is expected to close on January 9, 2023. Proceeds will fund the acquisition of Blackstone Energy Partners’ 25% interest in the Grand Prix NGL Pipeline for approximately $1.05 billion and be used for general corporate purposes, including reducing borrowings. Completion of the transaction is subject to customary conditions.
Targa Resources Corp. (NYSE: TRGP) announced a definitive agreement to acquire Blackstone Energy Partners' 25% interest in the Grand Prix NGL Pipeline for $1.05 billion in cash. This acquisition allows Targa to own 100% of the pipeline, which transports up to one million barrels per day of natural gas liquids to Mont Belvieu, Texas. The deal, valued at approximately 8.75 times the estimated 2023 adjusted EBITDA, is expected to enhance Targa’s fee-based margins and cash flow stability. The acquisition is anticipated to close in Q1 2023.
Targa Resources Corp. (NYSE: TRGP) will participate in investor meetings at the Capital One Securities 17th Annual Energy Conference on December 7, 2022, in Houston, TX. The Company is a leading midstream services provider in North America, owning and operating essential infrastructure for natural gas and NGLs. The conference slides will be available in the Investors section of Targa's website. Targa is a FORTUNE 500 company and a member of the S&P 500, connecting natural gas and NGLs to growing domestic and international markets.
Targa Resources Corp. (NYSE: TRGP) will participate in the RBC Capital Markets Midstream and Energy Infrastructure Conference on November 16, 2022, in Dallas, TX. This engagement reflects Targa's commitment to connecting natural gas and NGLs to domestic and international markets. The company's diversified midstream infrastructure is vital for reliable energy delivery across the U.S. Interested investors can access the presentation slides on Targa's website.
Targa Resources Corp. (TRGP) reported a strong third quarter 2022, achieving a net income of $193.1 million, up 6% from $182.2 million in Q3 2021. The company also announced a record adjusted EBITDA of $768.6 million, a 52% increase year-over-year. Targa declared a quarterly dividend of $0.35 per share, totaling approximately $79 million to be paid on November 15, 2022. The company continued to enhance its operational capacity with new plants and projects, including the Wildcat II and Daytona NGL Pipeline, expected to be operational by 2024.
Targa Resources Corp. (NYSE: TRGP) declared a quarterly cash dividend of $0.35 per common share for Q3 2022, amounting to $1.40 annually. This dividend is payable on November 15, 2022, to shareholders on record by the end of October 31, 2022. The company will announce its Q3 2022 financial results on November 3, 2022, before market open, followed by a live earnings webcast at 11:00 a.m. ET. Targa is a leading midstream service provider in North America, crucial for delivering energy across the U.S. and globally.
Targa Resources Corp. (NYSE: TRGP) announced participation in investor meetings via video conference at the Wolfe Research Utilities, Midstream & Clean Energy Conference on September 30, 2022. The presentation slides will be available on the Company’s website. Targa is a leading midstream service provider and one of the largest independent midstream infrastructure companies in North America. The company connects natural gas and NGLs to increasing domestic and international markets, focusing on cleaner fuels.
Targa Resources Corp. (NYSE: TRGP) is set to participate in key investor meetings at two conferences: the Citi One-on-One Midstream / Energy Infrastructure Conference on August 16-17, 2022, in Las Vegas, NV, and the Seaport Research Partners Annual Summer Investor Conference on August 24, 2022, via video conference. Attendees can access presentation slides in the Investors section of Targa's website. Targa is a leading midstream service provider, playing a crucial role in energy delivery across the U.S. and global markets.
FAQ
What is the current stock price of Targa Res (TRGP)?
What is the market cap of Targa Res (TRGP)?
