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. reported a Q4 2021 net loss of $(313.6) million, primarily due to a $452.3 million non-cash impairment, contrasting with a profit of $33.6 million in Q4 2020. Full-year net income stood at $71.2 million, a recovery from a $1.6 billion loss in 2020. Adjusted EBITDA for Q4 2021 was $570.6 million, up 13% quarter-over-quarter, driven by higher commodity prices and increased volumes. Targa declared a $0.35 dividend per share, amounting to $80 million in total payouts. The company anticipates 2022 adjusted EBITDA between $2.3 billion and $2.5 billion, reflecting a positive growth outlook.
Targa Resources Corp. (NYSE: TRGP) has executed agreements to sell its 25% equity interest in the Gulf Coast Express Pipeline for $857 million. The transaction is set to close in the second quarter of 2022, following a customary call right period for other GCX members. J.P. Morgan is the financial advisor, with Vinson & Elkins LLP providing legal counsel for the transaction. Targa remains a key player in midstream services across North America, facilitating energy delivery through its diverse portfolio of infrastructure assets.
Targa Resources Corp. (NYSE: TRGP) has declared a quarterly cash dividend of $0.35 per common share for Q4 2021, set to be paid on February 15, 2022. This marks a significant 350% increase from the previous quarter. Additionally, a dividend of $23.75 per Series A preferred share will also be distributed on February 14, 2022. The company will release its Q4 2021 financial results before the market opens on February 24, 2022, followed by a live webcast at 11:00 a.m. ET.
Targa Resources Corp. (NYSE: TRGP) has announced agreements to repurchase interests in its development company joint ventures from Stonepeak Partners for approximately $925 million. The acquisition, scheduled to close on January 14, 2022, will enhance Targa's ownership interests to 75% in the Grand Prix NGL Pipeline, 100% in the Train 6 fractionator, and 25% in the Gulf Coast Express Pipeline. This strategic move is projected to yield full-year Adjusted EBITDA and cash flows in 2022, boosting Targa's operational efficiency and financial performance.
Targa Resources Corp. (NYSE: TRGP) will participate in investor meetings via video conference at the UBS Winter Infrastructure & Energy Virtual Conference on January 11, 2022. Conference slides will be available on the Company’s website. Targa is a prominent midstream services provider in North America, owning diverse infrastructure assets critical for energy delivery. The Company is a FORTUNE 500 member and part of the S&P 400, emphasizing natural gas and NGLs connections to domestic and international markets.
Targa Resources Corp. (NYSE: TRGP) announced participation in investor meetings via video conference at the Wells Fargo Midstream Utilities & Renewables Symposium on December 8, 2021. A copy of the presentation slides will be available on the Company's website. Targa is a leading provider of midstream services in North America, operating a diversified portfolio of assets critical for energy delivery. The Company is a FORTUNE 500 entity and is included in the S&P 400, connecting natural gas and NGLs to various markets.
Targa Resources Corp. (NYSE: TRGP) has launched an open season from November 18 to December 17, 2021, to assess shipper interest in committed interstate transportation services for natural gas liquids (NGLs). The project will connect upstream pipeline facilities in Oklahoma to Mont Belvieu, Texas. Shippers are encouraged to submit a Non-Disclosure Agreement by November 23 to evaluate the open season documents. The final capacity will be determined based on the response to this open season, affecting both committed and uncommitted service options.
Targa Resources Corp. (NYSE: TRGP) announced participation in key investor conferences on November 16 and 17, 2021. The company will present at the RBC Capital Markets Midstream and Energy Infrastructure Conference and the Bank of America Virtual Global Energy Conference. Attendees can access presentation slides on Targa's investors' webpage. Targa is a leader in midstream services, owning a diverse portfolio essential for energy delivery in the U.S. and globally, and is included in the FORTUNE 500 and S&P 400.
Targa Resources Corp. (TRGP) reported strong Q3 2021 results with net income of $182.2 million, significantly up from $69.3 million year-over-year. Adjusted EBITDA reached $505.9 million, a 21% increase from $419.1 million in Q3 2020. The company now estimates 2021 adjusted EBITDA will exceed $2.0 billion. A quarterly dividend of $0.10 per share was declared, with plans to increase it to $0.35 starting Q4 2021. Targa's capital allocation strategy aims to return capital to shareholders through dividend increases and share repurchases, supported by healthy liquidity exceeding $3.1 billion.
Targa Resources Corp. (NYSE: TRGP) has entered into a long-term power purchase agreement with Concho Valley Solar to source renewable electricity for its natural gas processing operations in the Permian Basin. The 160 MWac solar project, located near San Angelo, Texas, is set to begin delivering clean energy in Q4 2022. This initiative supports Targa's sustainability efforts aimed at reducing emissions intensity. The project is expected to create about 150 jobs during construction and generate additional revenue for local taxing entities.
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