Profile
Sector:
EnergyIndustry:
Oil & Gas MidstreamCountry:
United StatesIPO:
07 December 2010Website:
http://www.targaresources.comNext earnings report:
05 November 2024Last dividends:
31 October 2024Next dividends:
N/APrice
pre-market | 30 min agoAnalysts recommendations
Institutional Ownership
TRGP Latest News
HOUSTON, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) (“TRGP,” the “Company” or “Targa”) today reported third quarter 2024 results.
HOUSTON, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) has announced that its 2023 Sustainability Report is now accessible on the Company's website at https://www.targaresources.com/sustainability. This report enhances Targa's sustainability information and reviews the company's performance in 2023 on key environmental, social, and governance issues relevant to its industry and operations.
Is Targa Resources, Inc. (TRGP) a strong choice for momentum investors? Let's take a closer look.
HOUSTON, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") has declared its quarterly dividend for common shares for the third quarter of 2024.
Wall Street analysts had high hopes for the second-quarter earnings of many S&P 500 companies, as 74% of their earnings per share (EPS) were higher than the core EPS. Our study shows that the reported earnings are inflated for 369 S&P 500 companies, with an average inflation of 19%. Additionally, 42% of these companies have earnings overstated by over 10%, which impacts nearly 27% of the market's total value as of September 23, 2024.
HOUSTON, Sept. 27, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") has announced that its representatives will join investor meetings online from Houston, TX, during the Wolfe Research Utilities, Midstream & Clean Energy Conference taking place in New York, NY on Monday, September 30, 2024.
TRGP has seen a 76% increase in its share price this year, driven by growth and steady revenues. However, there are worries about its debt and overall valuation.
HOUSTON, Aug. 09, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") has announced that its representatives will take part in investor meetings at the Citi One-on-One Midstream and New Energy Infrastructure Conference in Las Vegas, NV, on August 13 and 14, 2024.
Targa (TRGP) expects its capital spending for 2024 to reach $2.7 billion, while the net maintenance capital expenses are projected to be $225 million.
Targa Resources is a rapidly growing midstream company that has a system for transporting NGLs from production sites to export terminals. It is similar to Enterprise Products in several aspects, but because it is smaller, TRGP is expected to grow at a faster rate. I project a 13% compound annual growth rate and recommend buying TRGP, setting an initial price target of $180 per share.
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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 complementary domestic midstream infrastructure assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Transportation. The company is involved 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. It is also involved in the purchase and resale of NGL products; and sale of propane, as well as provision of related logistics services to multi-state retailers, independent retailers, and other end-users. In addition, the company 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. As of December 31, 2023, it leased and managed approximately 605 railcars; 137 tractors; and 6 vacuum trucks and 2 pressurized NGL barges. Targa Resources Corp. 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 was Targa Resources the previous earnings report?
No data
When does Targa Resources earnings report?
The next expected earnings date for Targa Resources is 05 November 2024