Key Details
Price
$206.62Last Dividend
$0.75Annual ROE
28.06%Beta
0.60Events Calendar
Next earnings date:
Feb 14, 2025Recent quarterly earnings:
Nov 05, 2024Recent annual earnings:
Feb 15, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
Oct 31, 2024Next split:
N/ARecent split:
N/AAnalyst ratings
Recent major analysts updates
Market Data
Dividend
Profitability
Efficiency
Valuation
Liquidity
Cash Flow
Institutional Ownership
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.
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