Targa Resources

Targa Resources Corp. provides midstream natural gas and natural gas liquids services. It also provides gathering, storing, and terminaling crude oil, and storing, terminaling, and selling refined petroleum products. It operates through the following business segments: Gathering and Processing, and Logistics and Transportation. The Gathering and Processing segment includes assets used in the gathering of natural gas produced from oil and gas wells and processing this raw natural gas into merchantable natural gas by extracting NGLs and removing impurities, and assets used for crude oil gathering and terminaling. The Logistics and Transportation segment includes all the activities necessary to convert mixed NGLs into NGL products and provides certain value-added services such as the storing, fractionating, terminaling, transporting and marketing of NGLs and NGL products, including services to LPG exporters, and the storing and terminaling of refined petroleum products and crude oil and certain natural gas supply and marketing activities in support of its other businesses. The company was founded on October 27, 2005, and is headquartered in Houston, TX.

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Targa Resources excels in Q4, eyes growth amid challenges

Targa Resources delivered exceptional performance in Q4 2022, with a robust outlook for 2023 driven by growth initiatives and strategic focus on returns.
While facing challenges like inflation pressures and hedge impacts, Targa remains agile in optimizing investments and maintaining capital efficiency.
The company's strengths lie in its operational successes, strong financial discipline, and strategic positioning for future growth opportunities.

Targa Resources reports robust Q1 performance amidst growth opportunities

Targa Resources Corp. demonstrated solid financial performance in Q1 2023, driven by record volumes and strategic investments. While facing challenges such as commodity price fluctuations and operational issues, the company's strong balance sheet and growth initiatives position it well for the future.

Targa Resources posts record Q2 volumes, eyes growth opportunities

Targa Resources reports strong Q2 performance with record volumes and strategic investments in Permian operations.
Maintaining financial strength and flexibility, the company is poised for growth with a focus on shareholder value.
Challenges include managing pricing dynamics and balancing leverage for future investments and returns.

Targa Resources reports strong Q3 performance and eyes dividend growth

Targa Resources demonstrated robust performance with record volumes and increased EBITDA, underpinned by strategic expansions and operational efficiencies.
While facing challenges like shifting gas volumes, the company's focus on profitability optimization and growth avenues positions it well for the future.
Opportunities lie in dividend growth, EBITDA expansion, and market connectivity, showcasing Targa's commitment to shareholder value and sustainable growth.

Targa Resources achieves record performance in 2023, eyes Permian growth

Targa Resources reported record performance in 2023 and expects continued growth in Permian volumes for 2024.
The company is focused on capital spending for Permian projects, dividend increases, and share repurchases.
Challenges include long lead times for equipment and supply chain issues, but proactive measures are in place.
Opportunities lie in fee-based revenue growth, downstream investments, and evaluating strategic infrastructure projects.

Targa Resources reports record earnings, eyes expansion amid market challenges

Targa Resources delivered strong financial performance in Q1 2024, driven by record EBITDA and operational achievements.
Despite challenges like weather impacts and pricing dynamics, Targa's strategic initiatives and growth projects position it for future success.
The company's focus on expansion, infrastructure development, and market responsiveness underscores its commitment to long-term growth and stability.

Targa Resources Corp reports record Q2 earnings and strategic growth

Targa Resources Corp delivered a stellar second quarter performance, marked by record volumes and financial achievements, setting the stage for continued success.
Despite facing challenges in managing capital spending and growth expectations, the company's strong balance sheet and strategic focus on shareholder returns provide a solid foundation for growth.
Opportunities lie in strategic investments like the Blackcomb pipeline joint venture and continued growth in the Permian, positioning Targa for sustained success in the energy sector.

Targa Resources (TRGP) excels in Q3, plans for growth and sustainability

Targa Resources (TRGP) reported outstanding Q3 results, exceeding guidance and demonstrating operational excellence in key regions. The company's focus on capital allocation priorities, including increasing shareholder returns and sustainability initiatives, reflects a commitment to long-term value creation. While challenges may arise from expansion plans, Targa Resources is poised to leverage growth opportunities and tax incentives for continued success.

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Targa Resources Corp. provides midstream natural gas and natural gas liquids services. It also provides gathering, storing, and terminaling crude oil, and storing, terminaling, and selling refined petroleum products. It operates through the Gathering and Processing and Logistics and Transportation segments. The Gathering and Processing segment includes assets used in the gathering of natural gas produced from oil and gas wells and processing this raw natural gas into merchantable natural gas by extracting NGLs and removing impurities, and assets used for crude oil gathering and terminaling. The Logistics and Transportation segment focuses on the activities necessary to convert mixed NGLs into NGL products and provides certain value-added services such as the storing, fractionating, terminaling, transporting and marketing of NGLs and NGL products, including services to LPG exporters, and the storing and terminaling of refined petroleum products and crude oil and certain natural gas supply and marketing activities in support of its other businesses. The company was founded in October 2005 and is headquartered in Houston, TX.

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Targa Resources, Inc. (TRGP) is well positioned to outperform the market, as it exhibits above-average growth in financials.

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HOUSTON, Jan. 19, 2023 (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 2022.

Targa Resources Corp. Announces Quarterly Dividend and Timing of Fourth Quarter 2022 Earnings Webcast

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HOUSTON, Jan. 09, 2023 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that it has completed the previously announced acquisition of Blackstone Energy Partners' 25 percent interest in Targa's Grand Prix NGL Pipeline (“Grand Prix”) for $1.05 billion in cash. The acquisition has an effective date of January 1, 2023, with Targa now owning 100 percent of Grand Prix.

Targa Resources Corp. Completes Acquisition of 25% Interest in Grand Prix NGL Pipeline

The Blackstone pact will help to simplify Targa Resources' (TRGP) operations and, at the same time, augment its fee-based cash flow stream.

Targa (TRGP) to Purchase Grand Prix Pipeline Stake for $1B

Targa Resources is a natural gas liquids-focused midstream corporation that primarily operates in Texas. The company enjoys remarkably stable cash flows, with more than 80% of its cash flow being recession and commodity-price-resistant.

Targa Resources: Low Yield But Still Worth Consideration

HOUSTON, Jan. 03, 2023 (GLOBE NEWSWIRE) -- Targa Resources Corp. (“Targa” or the “Company”) (NYSE: TRGP), announced today the pricing of an underwritten public offering (the “Offering”) of $900 million aggregate principal amount of its 6.125% senior notes due 2033 and $850 million aggregate principal amount of its 6.500% senior notes due 2053 at a price to the public of 99.858% and 97.843% of their face value, respectively. The Offering is expected to close on January 9, 2023, subject to customary closing conditions.

Targa Resources Corp. Prices $1.75 Billion Offering of Senior Notes

HOUSTON, Jan. 03, 2023 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today a definitive agreement to acquire Blackstone Energy Partners' (“Blackstone”) 25 percent interest in Targa's Grand Prix NGL Pipeline (“Grand Prix”) for $1.05 billion in cash plus customary working capital adjustments. Targa will own 100 percent of Grand Prix upon closing.

Targa Resources Corp. to Acquire Blackstone Energy Partners' 25% Interest in Grand Prix NGL Pipeline for $1.05 Billion

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HOUSTON, Dec. 06, 2022 (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 Capital One Securities 17th Annual Energy Conference on Wednesday, December 7, 2022 in Houston, TX.

Targa Resources Corp. to Participate in Capital One Securities 17th Annual Energy Conference

HOUSTON, Nov. 14, 2022 (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 RBC Capital Markets Midstream and Energy Infrastructure Conference on Wednesday, November 16, 2022 in Dallas, TX.

Targa Resources Corp. to Participate in RBC Capital Markets Midstream and Energy Infrastructure Conference

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Targa (TRGP) shares rise 4.2% despite its third-quarter earnings and sales missing estimates.

Targa (TRGP) Stock Rises 4% Despite Q3 Earnings & Sales Lag

Targa Resources Corp. (NYSE:TRGP ) Q3 2022 Earnings Conference Call November 3, 2022 11:00 AM ET Company Participants Sanjay Lad - Vice President, Finance & Investor Relations Matt Meloy - Chief Executive Officer Pat McDonie - President-Gathering & Processing Scott Pryor - President, Logistics and Transportation Jen Kneale - Chief Financial Officer Robert Muraro - Chief Commercial Officer Conference Call Participants Colton Bean - Tudor Pickering Holt & Co. Jeremy Tonet - JPMorgan Brian Reynolds - UBS Keith Stanley - Wolfe Research Theresa Chen - Barclays Sunil Sibal - Seaport Global Neel Mitra - Bank of America John McKay - Goldman Sachs Michael Cusimano - Pickering Energy Partners Operator Good day, and thank you for standing by. Welcome to the Targa Resources Corp. Third Quarter 2022 Earnings Webcast and Presentation.

Targa Resources Corp. (TRGP) Q3 2022 Earnings Call Transcript

HOUSTON, Nov. 03, 2022 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) (“TRGP,” the “Company” or “Targa”) today reported third quarter 2022 results.

Targa Resources Corp. Reports Third Quarter 2022 Financial Results

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HOUSTON, Oct. 13, 2022 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced its quarterly dividend on common shares with respect to the third quarter of 2022.

Targa Resources Corp. Announces Quarterly Dividend and Timing of Third Quarter 2022 Earnings Webcast

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