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) 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.
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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.
Targa Resources Corp. (TRGP) reported impressive second-quarter 2022 results, with net income soaring to $596.4 million from $56.2 million in Q2 2021. This includes a significant $435.9 million gain from equity method investment sales. Adjusted EBITDA rose 45% to $666.4 million, driven by higher commodity prices and record natural gas volumes averaging 3.1 Bcf/d. Targa declared a quarterly dividend of $0.35 per share. Additionally, the company increased its 2022 adjusted EBITDA guidance to between $2.85 billion and $2.95 billion, reflecting its recent acquisitions and growth projects.
Targa Resources Corp. (NYSE: TRGP) has successfully acquired Lucid Energy Delaware, LLC for $3.55 billion, enhancing its presence in the Delaware Basin. The acquisition, funded through loans and a public note offering, adds over 1,050 miles of natural gas pipelines and significant cryogenic processing capacity. Lucid's assets are secured by long-term contracts from diverse clients on over 600,000 dedicated acres, tapping into lucrative crude oil and natural gas production areas.
Targa Resources Corp. (NYSE: TRGP) declared a quarterly cash dividend of $0.35 per common share for Q2 2022, amounting to $1.40 annually. This dividend will be paid on August 15, 2022, to shareholders on record by July 29, 2022. The company's financial results for the second quarter will be available on August 4, 2022, followed by a live webcast at 11:00 a.m. ET. Targa, a leading provider of midstream services and a FORTUNE 500 company, operates critical infrastructure for energy delivery across the U.S.
Targa Resources Corp. (NYSE: TRGP) has announced a public offering of $750 million in 5.200% senior notes due 2027 and $500 million in 6.250% senior notes due 2052. The offering is scheduled to close on July 7, 2022. Proceeds will partially fund Targa's acquisition of Lucid Energy Delaware for approximately $3.55 billion, expected to close in Q3 2022. If the acquisition does not proceed, the funds will be used for general corporate purposes, including debt repayment and capital expenditures.