Profile
Sector:
EnergyIndustry:
Oil & Gas MidstreamCountry:
United StatesIPO:
07 December 2010Website:
http://www.targaresources.comNext earnings report:
02 August 2024Last dividends:
29 April 2024Next dividends:
N/APrice
after hours | Fri, 05 Jul 2024 23:46:00 GMTAnalysts recommendations
Institutional Ownership
Included in screeners
TRGP Latest News
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Targa Resources, Inc. (TRGP) have what it takes?
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Targa Resources, Inc. (TRGP) have what it takes?
HOUSTON, May 20, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that representatives from the Company will participate in investor meetings at the 21st Annual Energy Infrastructure CEO & Investor Conference in Aventura, FL on Wednesday, May 22, 2024.
Can Targa Resources, Inc. (TRGP) be a top choice for momentum investors? Let's see.
Dividends are a great perk for shareholders, but it can be challenging to find a top dividend stock. Is Targa Resources, Inc. (TRGP) up to the task?
Targa Resources' dividend yield of 2.6% is higher than the S&P 500's 1.3% and is supported by a payout ratio of 52%, making it a solid investment option.
Targa Resources reported solid Q4 results, with adjusted EBITDA growing 14%. The Permian will power results in 2024 and 2025, as new projects in the basin come online. TRGP will see lower growth capex in 2025, which should lead to robust free cash flow.
Targa (TRGP) expects 2024 growth capital expenditures between $2.3 billion and $2.5 billion, with net maintenance capital spending of $225 million.
Although the revenue and EPS for Targa Resources, Inc. (TRGP) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Targa (TRGP) expects 2023 adjusted EBITDA to be in the $3.5-$3.7 billion range, with capital expenditures between $2 billion and $2.2 billion, and net maintenance capital spending of $200 million.
- 1(current)
What type of business is Targa Resources?
Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of midstream energy assets in North America. The company operates in two segments, Gathering and Processing, and Logistics and Transportation. It engages in gathering, compressing, treating, processing, transporting, and selling natural gas; storing, fractionating, treating, transporting, and selling natural gas liquids (NGL) and NGL products, including services to liquefied petroleum gas exporters; and gathering, storing, terminaling, purchasing, and selling crude oil. The company is also involved in the purchase and resale of NGL products; and wholesale of propane, as well as provision of related logistics services to multi-state retailers, independent retailers, and other end-users. In addition, it offers NGL balancing services; and transportation services to refineries and petrochemical companies in the Gulf Coast area, as well as purchases, markets, and resells natural gas. The company operates approximately 28,400 miles of natural gas pipelines, including 42 owned and operated processing plants; and owns or operates a total of 34 storage wells with a gross storage capacity of approximately 76 million barrels. As of December 31, 2021, it leased and managed approximately 648 railcars; 119 transport tractors; and two company-owned pressurized NGL barges. The company was incorporated in 2005 and is headquartered in Houston, Texas.
What sector is Targa Resources in?
Targa Resources is in the Energy sector
What industry is Targa Resources in?
Targa Resources is in the Oil & Gas Midstream industry
What country is Targa Resources from?
Targa Resources is headquartered in United States
When did Targa Resources go public?
Targa Resources initial public offering (IPO) was on 07 December 2010
What is Targa Resources website?
https://www.targaresources.com
Is Targa Resources in the S&P 500?
Yes, Targa Resources is included in the S&P 500 index
Is Targa Resources in the NASDAQ 100?
No, Targa Resources is not included in the NASDAQ 100 index
Is Targa Resources in the Dow Jones?
No, Targa Resources is not included in the Dow Jones index
When does Targa Resources report earnings?
The next expected earnings date for Targa Resources is 02 August 2024