Targa Resources Corp. Announces Quarterly Dividend and Timing of Fourth Quarter 2024 Earnings Webcast
Rhea-AI Summary
Targa Resources Corp. (NYSE: TRGP) has announced its quarterly dividend for Q4 2024, declaring a cash dividend of $0.75 per common share ($3.00 annualized), payable on February 14, 2025, to shareholders of record as of January 31, 2025.
The company plans to recommend to its Board of Directors an increase in the common dividend to $1.00 per share ($4.00 annualized) for Q1 2025, effective for payment in May 2025.
Targa will release its Q4 2024 financial results before market opening on February 20, 2025, followed by a live webcast at 11:00 a.m. Eastern Time to discuss the results.
Positive
- Quarterly dividend maintained at $0.75 per share for Q4 2024
- Planned 33% dividend increase to $1.00 per share for Q1 2025
- Annual dividend to potentially increase from $3.00 to $4.00 per share
Negative
- None.
News Market Reaction – TRGP
On the day this news was published, TRGP gained 1.30%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
HOUSTON, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced its quarterly dividend on common shares with respect to the fourth quarter of 2024.
Targa announced today that its board of directors has declared a quarterly cash dividend of
For the first quarter of 2025, Targa intends to recommend to its Board of Directors an increase to its common dividend to
The Company will report its fourth quarter 2024 financial results before the market opens for trading on Thursday, February 20, 2025, and will host a live webcast over the internet at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) to discuss its 2024 fourth quarter financial results.
Event Information
Event: Targa Resources Corp. Fourth Quarter 2024 Earnings Webcast and Presentation
Date: Thursday, February 20, 2025
Time: 11:00 a.m. Eastern Time
Webcast: https://www.targaresources.com/investors/events or directly at https://edge.media-server.com/mmc/p/qgzvcwi7
Replay Information
A webcast replay will be available at the link above approximately two hours after the conclusion of the event. A quarterly earnings supplement presentation and updated investor presentation will also be available at https://www.targaresources.com/investors/events.
About Targa Resources Corp.
Targa Resources Corp. is a leading provider of midstream services and is one of the largest independent midstream infrastructure companies in North America. The Company owns, operates, acquires and develops a diversified portfolio of complementary domestic midstream infrastructure assets and its operations are critical to the efficient, safe and reliable delivery of energy across the United States and increasingly to the world. The Company’s assets connect natural gas and NGLs to domestic and international markets with growing demand for cleaner fuels and feedstocks. The Company is primarily engaged in the business of: gathering, compressing, treating, processing, transporting, and purchasing and selling natural gas; transporting, storing, fractionating, treating, and purchasing and selling NGLs and NGL products, including services to LPG exporters; and gathering, storing, terminaling, and purchasing and selling crude oil.
Targa is a FORTUNE 500 company and is included in the S&P 500.
For more information, please visit the Company’s website at www.targaresources.com.
Forward-Looking Statements
Certain statements in this release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included in this release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future, are forward-looking statements, including statements regarding our projected financial performance and capital spending. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties, factors and risks, many of which are outside the Company’s control, which could cause results to differ materially from those expected by management of the Company. Such risks and uncertainties include, but are not limited to, weather, political, economic and market conditions, including a decline in the price and market demand for natural gas, natural gas liquids and crude oil, the impact of pandemics or any other public health crises, commodity price volatility due to ongoing or new global conflicts, actions by the Organization of the Petroleum Exporting Countries (“OPEC”) and non-OPEC oil producing countries, the impact of disruptions in the bank and capital markets, including those resulting from lack of access to liquidity for banking and financial services firms, the timing and success of business development efforts and other uncertainties. These and other applicable uncertainties, factors and risks are described more fully in the Company’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K, and any subsequently filed Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. The Company does not undertake an obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Targa Investor Relations
InvestorRelations@targaresources.com
(713) 584-1133
FAQ
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