Profile
Sector:
EnergyIndustry:
Oil & Gas MidstreamCountry:
United StatesIPO:
07 December 2010Website:
http://www.targaresources.comNext earnings report:
14 February 2025Last dividends:
31 October 2024Next dividends:
N/APrice
pre-market | 12 min agoAnalysts recommendations
Institutional Ownership
Included in screeners
TRGP Latest News
Is Targa Resources, Inc. (TRGP) a strong choice for momentum investors? Let's take a closer look.
In the third quarter, TRGP reported an adjusted EBITDA of $1.1 billion, which is an increase from $840.2 million during the same time last year.
In 2020, Target Resources reduced its dividend to pay off debt more quickly, showing its strong focus on growth. While midstream earnings are secured by "take-or-pay" contracts, growth can slow down during economic downturns that impact upstream companies. This cyclical aspect of the upstream industry means that growth will eventually decrease, which can influence stock performance.
Targa Resources Corp (NYSE:TRGP) will hold its Q3 2024 Results Conference Call on November 5, 2024, at 11:00 AM ET. The call will feature several company leaders, including CEO Matt Meloy and CFO Will Byers, along with analysts from various financial institutions. Thank you for your patience as we begin the call.
HOUSTON, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) (“TRGP,” the “Company,” or “Targa”) has announced its results for the third quarter of 2024 today.
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.
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 14 February 2025